BHYB vs. BOND
Compare and contrast key facts about Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) and PIMCO Active Bond ETF (BOND).
BHYB and BOND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BHYB is a passively managed fund by Xtrackers that tracks the performance of the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross. It was launched on Oct 26, 2023. BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BHYB or BOND.
Key characteristics
| BHYB | BOND | |
|---|---|---|
| YTD Return | 6.31% | 6.22% |
| Daily Std Dev | 4.95% | 6.09% |
| Max Drawdown | -2.07% | -19.71% |
| Current Drawdown | 0.00% | -3.98% |
Correlation
The correlation between BHYB and BOND is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BHYB vs. BOND - Performance Comparison
The year-to-date returns for both stocks are quite close, with BHYB having a 6.31% return and BOND slightly lower at 6.22%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BHYB vs. BOND - Expense Ratio Comparison
BHYB has a 0.20% expense ratio, which is lower than BOND's 0.57% expense ratio.
Risk-Adjusted Performance
BHYB vs. BOND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) and PIMCO Active Bond ETF (BOND). 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.
Not enough dataDividends
BHYB vs. BOND - Dividend Comparison
BHYB's dividend yield for the trailing twelve months is around 5.30%, more than BOND's 5.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 5.30% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BOND PIMCO Active Bond ETF | 5.23% | 4.78% | 3.44% | 2.58% | 2.66% | 3.38% | 3.47% | 2.87% | 2.85% | 4.14% | 4.13% | 2.82% |
Drawdowns
BHYB vs. BOND - Drawdown Comparison
The maximum BHYB drawdown since its inception was -2.07%, smaller than the maximum BOND drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for BHYB and BOND. For additional features, visit the drawdowns tool.
Volatility
BHYB vs. BOND - Volatility Comparison
The current volatility for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) is 0.89%, while PIMCO Active Bond ETF (BOND) has a volatility of 1.21%. This indicates that BHYB experiences smaller price fluctuations and is considered to be less risky than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.