BHYB vs. BNDC
BHYB (Xtrackers USD High Yield BB-B ex Financials ETF) and BNDC (FlexShares Core Select Bond Fund) are both exchange-traded funds - BHYB is a High Yield Bonds fund tracking the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross, while BNDC is a Intermediate Core Bond fund actively managed by Northern Trust. BHYB is passively managed, while BNDC is actively managed. Over the past year, BHYB returned 7.27% vs 4.25% for BNDC. A 0.58 correlation means they provide meaningful diversification when combined. BHYB charges 0.20%/yr vs 0.35%/yr for BNDC.
Performance
BHYB vs. BNDC - Performance Comparison
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Returns By Period
In the year-to-date period, BHYB achieves a 1.84% return, which is significantly higher than BNDC's 0.07% return.
BHYB
- 1D
- 0.16%
- 1M
- 0.50%
- YTD
- 1.84%
- 6M
- 2.25%
- 1Y
- 7.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNDC
- 1D
- 0.13%
- 1M
- 0.12%
- YTD
- 0.07%
- 6M
- 0.16%
- 1Y
- 4.25%
- 3Y*
- 3.76%
- 5Y*
- -0.19%
- 10Y*
- —
BHYB vs. BNDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 1.84% | 8.90% | 6.44% | 8.23% |
BNDC FlexShares Core Select Bond Fund | 0.07% | 7.29% | 0.86% | 8.40% |
Correlation
The correlation between BHYB and BNDC is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2023 | 0.58 |
The correlation between BHYB and BNDC has been stable across timeframes, ranging from 0.57 to 0.58 - a consistent structural relationship.
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Return for Risk
BHYB vs. BNDC — Risk / Return Rank
BHYB
BNDC
BHYB vs. BNDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) and FlexShares Core Select Bond Fund (BNDC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BHYB | BNDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.19 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 1.49 | +1.72 |
| Martin ratioReturn relative to average drawdown | 14.74 | 4.39 | +10.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BHYB | BNDC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 1.09 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.12 | 0.21 | +1.91 |
Drawdowns
BHYB vs. BNDC - Drawdown Comparison
The maximum BHYB drawdown since its inception was -4.23%, smaller than the maximum BNDC drawdown of -18.80%. Use the drawdown chart below to compare losses from any high point for BHYB and BNDC.
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Drawdown Indicators
| BHYB | BNDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.23% | -18.80% | +14.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -2.87% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.60% | — |
Current DrawdownCurrent decline from peak | -0.06% | -3.34% | +3.28% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -7.35% | +6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.97% | -0.48% |
Volatility
BHYB vs. BNDC - Volatility Comparison
The current volatility for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) is 1.02%, while FlexShares Core Select Bond Fund (BNDC) has a volatility of 1.23%. This indicates that BHYB experiences smaller price fluctuations and is considered to be less risky than BNDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHYB | BNDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.23% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.78% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 3.99% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.70% | 6.07% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.70% | 8.05% | -3.35% |
BHYB vs. BNDC - Expense Ratio Comparison
BHYB has a 0.20% expense ratio, which is lower than BNDC's 0.35% expense ratio.
Dividends
BHYB vs. BNDC - Dividend Comparison
BHYB's dividend yield for the trailing twelve months is around 6.32%, more than BNDC's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 6.32% | 6.57% | 7.04% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BNDC FlexShares Core Select Bond Fund | 4.15% | 4.16% | 3.81% | 3.19% | 2.64% | 1.72% | 2.61% | 2.89% | 2.86% | 2.50% | 0.64% |
Frequently Asked Questions
BHYB and BNDC have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNDC has higher volatility (1.23%) compared to BHYB (1.02%). In terms of maximum drawdown, BHYB dropped -4.23% vs BNDC's -18.80%.
On 1-year performance, BHYB leads with 7.27% vs 4.25% for BNDC. On fees, BHYB is cheaper at 0.20% per year. On volatility, BHYB has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BHYB has performed better with a 7.27% return vs 4.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BHYB is cheaper with a 0.20% expense ratio, compared with 0.35% for BNDC.
BHYB has the higher dividend yield at 6.32%, compared with 4.15% for BNDC.
BHYB is categorized as High Yield Bonds, while BNDC is Intermediate Core Bond. They also come from different issuers: Xtrackers and Northern Trust. Their fees differ too: 0.20% for BHYB and 0.35% for BNDC.
BHYB currently has the higher Sharpe Ratio (2.15 vs 1.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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