BYLD vs. TOTL
Compare and contrast key facts about iShares Yield Optimized Bond ETF (BYLD) and State Street DoubleLine Total Return Tactical ETF (TOTL).
BYLD and TOTL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BYLD is a passively managed fund by iShares that tracks the performance of the Morningstar U.S. Bond Market Yield-Optimized Index. It was launched on Apr 22, 2014. TOTL is an actively managed fund by State Street. It was launched on Feb 23, 2015.
Performance
BYLD vs. TOTL - Performance Comparison
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BYLD vs. TOTL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BYLD iShares Yield Optimized Bond ETF | 0.02% | 8.41% | 4.17% | 8.30% | -10.33% | -1.25% | 4.25% | 12.79% | -1.50% | 4.75% |
TOTL State Street DoubleLine Total Return Tactical ETF | -0.46% | 7.68% | 3.15% | 5.55% | -11.59% | -1.00% | 3.56% | 6.93% | 0.76% | 3.55% |
Returns By Period
In the year-to-date period, BYLD achieves a 0.02% return, which is significantly higher than TOTL's -0.46% return. Over the past 10 years, BYLD has outperformed TOTL with an annualized return of 3.03%, while TOTL has yielded a comparatively lower 1.74% annualized return.
BYLD
- 1D
- 0.22%
- 1M
- -1.20%
- YTD
- 0.02%
- 6M
- 1.02%
- 1Y
- 5.97%
- 3Y*
- 6.12%
- 5Y*
- 2.20%
- 10Y*
- 3.03%
TOTL
- 1D
- 0.04%
- 1M
- -1.72%
- YTD
- -0.46%
- 6M
- 0.32%
- 1Y
- 3.75%
- 3Y*
- 4.16%
- 5Y*
- 0.74%
- 10Y*
- 1.74%
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BYLD vs. TOTL - Expense Ratio Comparison
BYLD has a 0.17% expense ratio, which is lower than TOTL's 0.55% expense ratio.
Return for Risk
BYLD vs. TOTL — Risk / Return Rank
BYLD
TOTL
BYLD vs. TOTL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Yield Optimized Bond ETF (BYLD) and State Street DoubleLine Total Return Tactical ETF (TOTL). 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.
| BYLD | TOTL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.00 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.83 | 1.43 | +0.40 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.18 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.28 | 1.40 | +0.88 |
Martin ratioReturn relative to average drawdown | 8.29 | 4.33 | +3.96 |
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
| BYLD | TOTL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.00 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.13 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.37 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.38 | +0.18 |
Correlation
The correlation between BYLD and TOTL is 0.63, 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.
Dividends
BYLD vs. TOTL - Dividend Comparison
BYLD's dividend yield for the trailing twelve months is around 5.35%, more than TOTL's 5.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYLD iShares Yield Optimized Bond ETF | 5.35% | 5.32% | 5.31% | 4.45% | 3.39% | 2.18% | 3.41% | 3.67% | 4.22% | 3.22% | 3.14% | 3.37% |
TOTL State Street DoubleLine Total Return Tactical ETF | 5.27% | 5.23% | 5.35% | 4.85% | 4.68% | 3.07% | 2.91% | 3.31% | 3.41% | 3.00% | 3.25% | 2.67% |
Drawdowns
BYLD vs. TOTL - Drawdown Comparison
The maximum BYLD drawdown since its inception was -14.75%, smaller than the maximum TOTL drawdown of -16.48%. Use the drawdown chart below to compare losses from any high point for BYLD and TOTL.
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Drawdown Indicators
| BYLD | TOTL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.75% | -16.48% | +1.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -2.79% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -14.65% | -16.48% | +1.83% |
Max Drawdown (10Y)Largest decline over 10 years | -14.75% | -16.48% | +1.73% |
Current DrawdownCurrent decline from peak | -1.54% | -2.09% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -3.15% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.90% | -0.15% |
Volatility
BYLD vs. TOTL - Volatility Comparison
iShares Yield Optimized Bond ETF (BYLD) has a higher volatility of 2.00% compared to State Street DoubleLine Total Return Tactical ETF (TOTL) at 1.51%. This indicates that BYLD's price experiences larger fluctuations and is considered to be riskier than TOTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BYLD | TOTL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 1.51% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 2.37% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.61% | 3.76% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.16% | 5.57% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.43% | 4.76% | +0.67% |