BHYB vs. HYLB
Compare and contrast key facts about Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) and Xtrackers USD High Yield Corporate Bond ETF (HYLB).
BHYB and HYLB 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. HYLB is a passively managed fund by DWS that tracks the performance of the Solactive USD High Yield Corporates Total Market Index. It was launched on Dec 7, 2016. Both BHYB and HYLB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BHYB or HYLB.
Correlation
The correlation between BHYB and HYLB is 0.65, 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. HYLB - Performance Comparison
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Key characteristics
BHYB:
1.26
HYLB:
1.50
BHYB:
1.76
HYLB:
2.15
BHYB:
1.26
HYLB:
1.31
BHYB:
1.51
HYLB:
1.81
BHYB:
7.91
HYLB:
9.52
BHYB:
0.81%
HYLB:
0.86%
BHYB:
5.28%
HYLB:
5.61%
BHYB:
-4.23%
HYLB:
-22.91%
BHYB:
-0.51%
HYLB:
-0.53%
Returns By Period
The year-to-date returns for both investments are quite close, with BHYB having a 1.70% return and HYLB slightly higher at 1.78%.
BHYB
1.70%
2.90%
1.09%
6.81%
N/A
N/A
HYLB
1.78%
3.25%
1.30%
8.57%
5.56%
N/A
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BHYB vs. HYLB - Expense Ratio Comparison
BHYB has a 0.20% expense ratio, which is higher than HYLB's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BHYB vs. HYLB — Risk-Adjusted Performance Rank
BHYB
HYLB
BHYB vs. HYLB - 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 Xtrackers USD High Yield Corporate Bond ETF (HYLB). 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.
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Dividends
BHYB vs. HYLB - Dividend Comparison
BHYB's dividend yield for the trailing twelve months is around 7.04%, more than HYLB's 6.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 7.04% | 7.04% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.35% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% |
Drawdowns
BHYB vs. HYLB - Drawdown Comparison
The maximum BHYB drawdown since its inception was -4.23%, smaller than the maximum HYLB drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for BHYB and HYLB. For additional features, visit the drawdowns tool.
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Volatility
BHYB vs. HYLB - Volatility Comparison
The current volatility for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) is 2.17%, while Xtrackers USD High Yield Corporate Bond ETF (HYLB) has a volatility of 2.42%. This indicates that BHYB experiences smaller price fluctuations and is considered to be less risky than HYLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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