BHYB vs. USHY
Compare and contrast key facts about Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
BHYB and USHY 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. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017. Both BHYB and USHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BHYB vs. USHY - Performance Comparison
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BHYB vs. USHY - 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% |
USHY iShares Broad USD High Yield Corporate Bond ETF | -0.05% | 8.81% | 8.45% | 8.42% |
Returns By Period
In the year-to-date period, BHYB achieves a -0.01% return, which is significantly higher than USHY's -0.05% return.
BHYB
- 1D
- 0.07%
- 1M
- -0.91%
- YTD
- -0.01%
- 6M
- 1.30%
- 1Y
- 7.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USHY
- 1D
- 0.33%
- 1M
- -0.67%
- YTD
- -0.05%
- 6M
- 0.98%
- 1Y
- 7.26%
- 3Y*
- 8.45%
- 5Y*
- 4.21%
- 10Y*
- —
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BHYB vs. USHY - Expense Ratio Comparison
BHYB has a 0.20% expense ratio, which is higher than USHY'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%.
Return for Risk
BHYB vs. USHY — Risk / Return Rank
BHYB
USHY
BHYB vs. USHY - 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 iShares Broad USD High Yield Corporate Bond ETF (USHY). 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 | USHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.32 | +0.11 |
Sortino ratioReturn per unit of downside risk | 2.16 | 1.94 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.91 | +0.11 |
Martin ratioReturn relative to average drawdown | 10.89 | 9.64 | +1.25 |
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 | USHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.32 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.07 | 0.56 | +1.50 |
Correlation
The correlation between BHYB and USHY is 0.94, 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. USHY - Dividend Comparison
BHYB's dividend yield for the trailing twelve months is around 6.54%, less than USHY's 6.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 6.54% | 6.57% | 7.04% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.95% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% |
Drawdowns
BHYB vs. USHY - Drawdown Comparison
The maximum BHYB drawdown since its inception was -4.23%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for BHYB and USHY.
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Drawdown Indicators
| BHYB | USHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.23% | -22.44% | +18.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.74% | -3.92% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.56% | — |
Current DrawdownCurrent decline from peak | -1.12% | -1.03% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -2.71% | +2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.77% | -0.08% |
Volatility
BHYB vs. USHY - Volatility Comparison
The current volatility for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) is 1.85%, while iShares Broad USD High Yield Corporate Bond ETF (USHY) has a volatility of 2.21%. This indicates that BHYB experiences smaller price fluctuations and is considered to be less risky than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHYB | USHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 2.21% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 2.84% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.13% | 5.52% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 7.33% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 8.32% | -3.55% |