BKHY vs. ESHY
Compare and contrast key facts about BNY Mellon High Yield Beta ETF (BKHY) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY).
BKHY and ESHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKHY is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Bloomberg US Corporate High Yield Index. It was launched on Apr 24, 2020. ESHY is a passively managed fund by Deutsche Bank that tracks the performance of the JPMorgan ESG DM Corporate High Yield USD Index. It was launched on Mar 3, 2015. Both BKHY and ESHY 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: BKHY or ESHY.
Key characteristics
| BKHY | ESHY | |
|---|---|---|
| YTD Return | 0.53% | -0.02% |
| 1Y Return | 9.10% | 8.79% |
| 3Y Return (Ann) | 1.28% | 1.41% |
| Sharpe Ratio | 1.00 | 1.80 |
| Daily Std Dev | 8.59% | 6.65% |
| Max Drawdown | -15.89% | -26.94% |
| Current Drawdown | -1.30% | -1.31% |
Correlation
The correlation between BKHY and ESHY is 0.82, 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.
Performance
BKHY vs. ESHY - Performance Comparison
In the year-to-date period, BKHY achieves a 0.53% return, which is significantly higher than ESHY's -0.02% return. 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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BKHY vs. ESHY - Expense Ratio Comparison
BKHY has a 0.22% expense ratio, which is higher than ESHY's 0.20% 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
BKHY vs. ESHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Beta ETF (BKHY) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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.
Dividends
BKHY vs. ESHY - Dividend Comparison
BKHY's dividend yield for the trailing twelve months is around 8.82%, more than ESHY's 6.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKHY BNY Mellon High Yield Beta ETF | 8.82% | 8.67% | 6.59% | 6.78% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF | 6.45% | 7.07% | 6.39% | 5.31% | 5.88% | 5.85% | 7.55% | 5.68% | 5.31% | 5.25% |
Drawdowns
BKHY vs. ESHY - Drawdown Comparison
The maximum BKHY drawdown since its inception was -15.89%, smaller than the maximum ESHY drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for BKHY and ESHY. For additional features, visit the drawdowns tool.
Volatility
BKHY vs. ESHY - Volatility Comparison
BNY Mellon High Yield Beta ETF (BKHY) has a higher volatility of 1.46% compared to Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY) at 0.00%. This indicates that BKHY's price experiences larger fluctuations and is considered to be riskier than ESHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.