BNDC vs. BHYB
BNDC (FlexShares Core Select Bond Fund) and BHYB (Xtrackers USD High Yield BB-B ex Financials ETF) are both exchange-traded funds - BNDC is a Intermediate Core Bond fund actively managed by Northern Trust, while BHYB is a High Yield Bonds fund tracking the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross. BNDC is actively managed, while BHYB is passively managed. Over the past year, BNDC returned 1.93% vs 5.85% for BHYB. Their 0.58 correlation means they have sometimes moved together and sometimes differently. BNDC charges 0.35%/yr vs 0.20%/yr for BHYB.
Performance
BNDC vs. BHYB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BNDC achieves a -0.29% return, which is significantly lower than BHYB's 2.46% return.
BNDC
- 1D
- 0.02%
- 1M
- -0.62%
- 6M
- -0.35%
- YTD
- -0.29%
- 1Y
- 1.93%
- 3Y*
- 3.98%
- 5Y*
- -0.57%
- 10Y*
- —
- ALL TIME*
- 1.61%
BHYB
- 1D
- -0.08%
- 1M
- 0.26%
- 6M
- 1.89%
- YTD
- 2.46%
- 1Y
- 5.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $20.98M | $9.54M | $10.14M | |
| $304.06K | $242.59K | $237.10K |
BNDC vs. BHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BNDC FlexShares Core Select Bond Fund | -0.29% | 7.29% | 0.86% | 8.43% |
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2.46% | 8.90% | 6.44% | 8.23% |
Correlation
The correlation between BNDC and BHYB is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.58 |
The correlation between BNDC and BHYB has been stable across timeframes, ranging from 0.58 to 0.58 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BNDC vs. BHYB — Risk / Return Rank
BNDC
BHYB
BNDC vs. BHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Core Select Bond Fund (BNDC) and Xtrackers USD High Yield BB-B ex Financials ETF (BHYB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BNDC | BHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.34 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 2.59 | -1.91 |
| Martin ratioReturn relative to average drawdown | 1.57 | 11.75 | -10.18 |
Loading charts...
Drawdowns
BNDC vs. BHYB - Drawdown Comparison
The maximum BNDC drawdown since its inception was -18.80%, which is greater than BHYB's maximum drawdown of -4.23%. Use the drawdown chart below to compare losses from any high point for BNDC and BHYB.
Loading charts...
Drawdown Indicators
| BNDC | BHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.80% | -4.23% | -14.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -2.27% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -5.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | — | — |
Current DrawdownCurrent decline from peak | -3.69% | -0.08% | -3.61% |
Average DrawdownAverage peak-to-trough decline | -7.28% | -0.38% | -6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 0.50% | +0.73% |
Volatility
BNDC vs. BHYB - Volatility Comparison
FlexShares Core Select Bond Fund (BNDC) has a higher volatility of 1.10% compared to Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) at 0.76%. This indicates that BNDC's price experiences larger fluctuations and is considered to be riskier than BHYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BNDC | BHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.76% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 2.64% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 3.42% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 4.60% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.00% | 4.60% | +3.40% |
BNDC vs. BHYB - Expense Ratio Comparison
BNDC has a 0.35% expense ratio, which is higher than BHYB's 0.20% expense ratio.
Dividends
BNDC vs. BHYB - Dividend Comparison
BNDC's dividend yield for the trailing twelve months is around 4.17%, less than BHYB's 6.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 6.27% | 6.57% | 7.04% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BNDC FlexShares Core Select Bond Fund | 4.17% | 4.16% | 3.81% | 3.19% | 2.64% | 1.72% | 2.61% | 2.89% | 2.86% | 2.50% | 0.64% |
Frequently Asked Questions
BNDC and BHYB have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNDC has higher volatility (1.10%) compared to BHYB (0.76%). In terms of maximum drawdown, BNDC dropped -18.80% vs BHYB's -4.23%.
On 1-year performance, BHYB leads with 5.85% vs 1.93% for BNDC. On fees, BHYB is cheaper at 0.20% per year. On volatility, BHYB has been the lower-risk option at 0.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BHYB has performed better with a 5.85% return vs 1.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BHYB is cheaper with a 0.20% expense ratio, compared with 0.35% for BNDC.
BHYB has the higher dividend yield at 6.27%, compared with 4.17% for BNDC.
BNDC is categorized as Intermediate Core Bond, while BHYB is High Yield Bonds. They also come from different issuers: Northern Trust and Xtrackers. Their fees differ too: 0.35% for BNDC and 0.20% for BHYB.
BHYB currently has the higher Sharpe Ratio (1.72 vs 0.52), 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.
Find the right allocation for BNDC and BHYB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer