BHYB vs. FDUS

Last updated Jun 4, 2026

BHYB (Xtrackers USD High Yield BB-B ex Financials ETF) is High Yield Bonds fund tracking the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross, while FDUS (Fidus Investment Corporation) is a stock. Over the past year, BHYB returned 7.34% vs 1.45% for FDUS. At a 0.36 correlation, their price movements are largely independent.

Performance

BHYB vs. FDUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) and Fidus Investment Corporation (FDUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BHYB achieves a 1.69% return, which is significantly higher than FDUS's -1.84% return.

BHYB

• 1D: -0.18%
• 1M: 0.48%
• YTD: 1.69%
• 6M: 1.99%
• 1Y: 7.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDUS

• 1D: -2.44%
• 1M: -4.12%
• YTD: -1.84%
• 6M: -1.57%
• 1Y: 1.45%
• 3Y*: 11.73%
• 5Y*: 13.03%
• 10Y*: 13.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BHYB vs. FDUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BHYB Xtrackers USD High Yield BB-B ex Financials ETF	1.69%	8.90%	6.44%	8.23%
FDUS Fidus Investment Corporation	-1.84%	2.08%	20.55%	15.91%

Correlation

The correlation between BHYB and FDUS is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Oct 30, 2023	0.36

Return for Risk

BHYB vs. FDUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BHYB

BHYB Risk / Return Rank: 71
BHYB Sharpe Ratio Rank: 65
BHYB Sortino Ratio Rank: 75
BHYB Omega Ratio Rank: 74
BHYB Calmar Ratio Rank: 65
BHYB Martin Ratio Rank: 77

FDUS

FDUS Risk / Return Rank: 40
FDUS Sharpe Ratio Rank: 43
FDUS Sortino Ratio Rank: 35
FDUS Omega Ratio Rank: 35
FDUS Calmar Ratio Rank: 42
FDUS Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BHYB vs. FDUS - 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 Fidus Investment Corporation (FDUS). 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	FDUS	Difference
Sharpe ratio Return per unit of total volatility	2.17	0.07	+2.10
Sortino ratio Return per unit of downside risk	3.41	0.25	+3.16
Omega ratio Gain probability vs. loss probability	1.44	1.03	+0.41
Calmar ratio Return relative to maximum drawdown	3.24	0.09	+3.15
Martin ratio Return relative to average drawdown	14.88	0.19	+14.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BHYB vs. FDUS - Sharpe Ratio Comparison

The current BHYB Sharpe Ratio is 2.17, which is higher than the FDUS Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of BHYB and FDUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BHYB	FDUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	0.07	+2.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.10	0.39	+1.72

Drawdowns

BHYB vs. FDUS - Drawdown Comparison

The maximum BHYB drawdown since its inception was -4.23%, smaller than the maximum FDUS drawdown of -68.76%. Use the drawdown chart below to compare losses from any high point for BHYB and FDUS.

Drawdown Indicators

	BHYB	FDUS	Difference
Max Drawdown Largest peak-to-trough decline	-4.23%	-68.76%	+64.53%
Max Drawdown (1Y) Largest decline over 1 year	-2.27%	-16.45%	+14.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-68.76%	—
Current Drawdown Current decline from peak	-0.21%	-9.88%	+9.67%
Average Drawdown Average peak-to-trough decline	-0.40%	-8.91%	+8.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.49%	7.52%	-7.03%

Volatility

BHYB vs. FDUS - Volatility Comparison

The current volatility for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) is 1.02%, while Fidus Investment Corporation (FDUS) has a volatility of 10.63%. This indicates that BHYB experiences smaller price fluctuations and is considered to be less risky than FDUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BHYB	FDUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.02%	10.63%	-9.61%
Volatility (6M) Calculated over the trailing 6-month period	2.52%	17.08%	-14.56%
Volatility (1Y) Calculated over the trailing 1-year period	3.40%	20.85%	-17.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.71%	19.96%	-15.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.71%	33.54%	-28.83%

Dividends

BHYB vs. FDUS - Dividend Comparison

BHYB's dividend yield for the trailing twelve months is around 6.33%, less than FDUS's 11.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BHYB Xtrackers USD High Yield BB-B ex Financials ETF	6.33%	6.57%	7.04%	0.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDUS Fidus Investment Corporation	11.58%	11.14%	11.51%	14.63%	10.51%	8.90%	10.15%	10.78%	13.69%	10.54%	10.17%	11.69%

Frequently Asked Questions

Can I hold both BHYB and FDUS in my portfolio?

BHYB and FDUS have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BHYB or FDUS?

FDUS has higher volatility (10.63%) compared to BHYB (1.02%). In terms of maximum drawdown, BHYB dropped -4.23% vs FDUS's -68.76%.

Which has better risk-adjusted returns?

BHYB currently has the higher Sharpe Ratio (2.17 vs 0.07), 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.