ESHY vs. BKHY
Compare and contrast key facts about Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY) and BNY Mellon High Yield Beta ETF (BKHY).
ESHY and BKHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both ESHY and BKHY 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: ESHY or BKHY.
Key characteristics
| ESHY | BKHY |
|---|
Correlation
The correlation between ESHY and BKHY 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
ESHY vs. BKHY - Performance Comparison
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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ESHY vs. BKHY - Expense Ratio Comparison
ESHY has a 0.20% expense ratio, which is lower than BKHY's 0.22% expense ratio. Despite the difference, 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
ESHY vs. BKHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY) and BNY Mellon High Yield Beta ETF (BKHY). 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
ESHY vs. BKHY - Dividend Comparison
ESHY has not paid dividends to shareholders, while BKHY's dividend yield for the trailing twelve months is around 8.16%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF | 5.90% | 7.07% | 6.39% | 5.31% | 5.88% | 5.85% | 7.55% | 5.68% | 5.31% | 5.25% |
BKHY BNY Mellon High Yield Beta ETF | 8.16% | 8.67% | 6.59% | 6.78% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ESHY vs. BKHY - Drawdown Comparison
Volatility
ESHY vs. BKHY - Volatility Comparison
The current volatility for Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY) is 0.00%, while BNY Mellon High Yield Beta ETF (BKHY) has a volatility of 1.50%. This indicates that ESHY experiences smaller price fluctuations and is considered to be less risky than BKHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.