BHYB vs. THY

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) and Agility Shares Dynamic Tactical Income ETF (THY).

BHYB and THY 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. THY is an actively managed fund by Toews Corp.. It was launched on Jun 25, 2020.

Performance

BHYB vs. THY - 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 Agility Shares Dynamic Tactical Income ETF (THY). The values are adjusted to include any dividend payments, if applicable.

BHYB vs. THY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BHYB Xtrackers USD High Yield BB-B ex Financials ETF	-0.01%	8.90%	6.44%	8.23%
THY Agility Shares Dynamic Tactical Income ETF	0.19%	4.44%	5.38%	5.35%

Returns By Period

In the year-to-date period, BHYB achieves a -0.01% return, which is significantly lower than THY's 0.19% return.

BHYB

• 1D: 0.07%
• 1M: -0.91%
• YTD: -0.01%
• 6M: 1.30%
• 1Y: 7.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

THY

• 1D: -0.07%
• 1M: -0.49%
• YTD: 0.19%
• 6M: -0.60%
• 1Y: 5.75%
• 3Y*: 4.77%
• 5Y*: 1.77%
• 10Y*: —

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

BHYB vs. THY - Expense Ratio Comparison

BHYB has a 0.20% expense ratio, which is lower than THY's 1.36% expense ratio.

THY

Agility Shares Dynamic Tactical Income ETF

BHYB

Xtrackers USD High Yield BB-B ex Financials ETF

Return for Risk

BHYB vs. THY — Risk / Return Rank

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

BHYB

BHYB Risk / Return Rank: 79
BHYB Sharpe Ratio Rank: 75
BHYB Sortino Ratio Rank: 80
BHYB Omega Ratio Rank: 85
BHYB Calmar Ratio Rank: 71
BHYB Martin Ratio Rank: 86

THY

THY Risk / Return Rank: 87
THY Sharpe Ratio Rank: 86
THY Sortino Ratio Rank: 92
THY Omega Ratio Rank: 86
THY Calmar Ratio Rank: 91
THY Martin Ratio Rank: 77

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. THY - 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 Agility Shares Dynamic Tactical Income ETF (THY). 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	THY	Difference
Sharpe ratio Return per unit of total volatility	1.43	1.82	-0.39
Sortino ratio Return per unit of downside risk	2.16	2.83	-0.67
Omega ratio Gain probability vs. loss probability	1.35	1.36	-0.01
Calmar ratio Return relative to maximum drawdown	2.02	3.49	-1.48
Martin ratio Return relative to average drawdown	10.89	8.98	+1.91
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. THY - Sharpe Ratio Comparison

The current BHYB Sharpe Ratio is 1.43, which is comparable to the THY Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of BHYB and THY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BHYB	THY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	1.82	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.07	0.48	+1.59

Correlation

The correlation between BHYB and THY is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BHYB vs. THY - Dividend Comparison

BHYB's dividend yield for the trailing twelve months is around 6.54%, more than THY's 5.48% yield.

	TTM	2025	2024	2023	2022	2021	2020
BHYB Xtrackers USD High Yield BB-B ex Financials ETF	6.54%	6.57%	7.04%	0.75%	0.00%	0.00%	0.00%
THY Agility Shares Dynamic Tactical Income ETF	5.48%	6.00%	5.09%	4.59%	2.56%	3.46%	2.53%

Drawdowns

BHYB vs. THY - Drawdown Comparison

The maximum BHYB drawdown since its inception was -4.23%, smaller than the maximum THY drawdown of -8.56%. Use the drawdown chart below to compare losses from any high point for BHYB and THY.

Drawdown Indicators

	BHYB	THY	Difference
Max Drawdown Largest peak-to-trough decline	-4.23%	-8.56%	+4.33%
Max Drawdown (1Y) Largest decline over 1 year	-3.74%	-1.60%	-2.14%
Max Drawdown (5Y) Largest decline over 5 years	—	-8.56%	—
Current Drawdown Current decline from peak	-1.12%	-0.90%	-0.22%
Average Drawdown Average peak-to-trough decline	-0.40%	-2.68%	+2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	0.62%	+0.07%

Volatility

BHYB vs. THY - Volatility Comparison

Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) has a higher volatility of 1.85% compared to Agility Shares Dynamic Tactical Income ETF (THY) at 0.62%. This indicates that BHYB's price experiences larger fluctuations and is considered to be riskier than THY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BHYB	THY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.85%	0.62%	+1.23%
Volatility (6M) Calculated over the trailing 6-month period	2.46%	1.96%	+0.50%
Volatility (1Y) Calculated over the trailing 1-year period	5.13%	3.18%	+1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.77%	4.52%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.77%	4.51%	+0.26%