CORB vs. HYFI

Last updated Aug 1, 2026

CORB (AB Core Bond ETF) and HYFI (AB High Yield ETF) are both exchange-traded funds - CORB is a Intermediate Core Bond fund actively managed by AllianceBernstein, while HYFI is a High Yield Bonds fund actively managed by AllianceBernstein. Both are actively managed. Their 0.61 correlation means they have sometimes moved together and sometimes differently. CORB charges 0.28%/yr vs 0.40%/yr for HYFI.

Performance

CORB vs. HYFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Core Bond ETF (CORB) and AB High Yield ETF (HYFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CORB achieves a -0.91% return, which is significantly lower than HYFI's 1.96% return.

CORB

• 1D: -0.27%
• 1M: -1.29%
• 6M: -1.03%
• YTD: -0.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

HYFI

• 1D: -0.03%
• 1M: -0.13%
• 6M: 1.08%
• YTD: 1.96%
• 1Y: 5.40%
• 3Y*: 8.55%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.59%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CORB AB Core Bond ETF	$1.51M	$2.31M	$2.96M
HYFI AB High Yield ETF	$1.00M	$1.67M	$1.77M

CORB vs. HYFI - Yearly Performance Comparison

	2026 (YTD)	2025
CORB AB Core Bond ETF	-0.91%	0.41%
HYFI AB High Yield ETF	1.96%	1.36%

Correlation

The correlation between CORB and HYFI is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025	0.61

Return for Risk

CORB vs. HYFI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CORB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HYFI

HYFI Risk / Return Rank: 66
HYFI Sharpe Ratio Rank: 60
HYFI Sortino Ratio Rank: 67
HYFI Omega Ratio Rank: 62
HYFI Calmar Ratio Rank: 63
HYFI Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CORB vs. HYFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Core Bond ETF (CORB) and AB High Yield ETF (HYFI). 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.

	CORB	HYFI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.43	—
Sortino ratio: Return per unit of downside risk	—	2.20	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	2.23	—
Martin ratio: Return relative to average drawdown	—	9.76	—

Drawdowns

CORB vs. HYFI - Drawdown Comparison

The maximum CORB drawdown since its inception was -3.08%, smaller than the maximum HYFI drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for CORB and HYFI.

Drawdown Indicators

	CORB	HYFI	Difference
Max Drawdown Largest peak-to-trough decline	-3.08%	-6.34%	+3.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.49%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.34%	—
Current Drawdown Current decline from peak	-2.69%	-0.48%	-2.21%
Average Drawdown Average peak-to-trough decline	-1.17%	-0.50%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.57%	—

Volatility

Volatility by Period

	CORB	HYFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.05%	3.89%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.05%	5.26%	-1.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.05%	5.26%	-1.21%

CORB vs. HYFI - Expense Ratio Comparison

CORB has a 0.28% expense ratio, which is lower than HYFI's 0.40% expense ratio.

Dividends

CORB vs. HYFI - Dividend Comparison

CORB's dividend yield for the trailing twelve months is around 2.77%, less than HYFI's 6.65% yield.

Position	TTM	2025	2024	2023
CORB AB Core Bond ETF	2.77%	0.81%	0.00%	0.00%
HYFI AB High Yield ETF	6.14%	6.66%	6.57%	4.17%

Frequently Asked Questions

Can I hold both CORB and HYFI in my portfolio?

CORB and HYFI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CORB or HYFI?

On fees, CORB is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CORB or HYFI?

CORB is cheaper with a 0.28% expense ratio, compared with 0.40% for HYFI.

Which ETF pays a higher dividend yield, CORB or HYFI?

HYFI has the higher dividend yield at 6.14%, compared with 2.77% for CORB.

What is the main difference between CORB and HYFI?

CORB is categorized as Intermediate Core Bond, while HYFI is High Yield Bonds. Their fees differ too: 0.28% for CORB and 0.40% for HYFI.