HYBB vs. FTSL
Compare and contrast key facts about iShares BB Rated Corporate Bond ETF (HYBB) and First Trust Senior Loan Fund (FTSL).
HYBB and FTSL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYBB is a passively managed fund by iShares that tracks the performance of the ICE BofA BB US High Yield Constrained Index (USD). It was launched on Oct 6, 2020. FTSL is an actively managed fund by First Trust. It was launched on May 1, 2013.
Performance
HYBB vs. FTSL - Performance Comparison
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HYBB vs. FTSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HYBB iShares BB Rated Corporate Bond ETF | -0.11% | 8.95% | 6.35% | 10.53% | -10.11% | 3.36% | 4.29% |
FTSL First Trust Senior Loan Fund | -0.69% | 5.98% | 8.27% | 11.58% | -2.50% | 3.94% | 3.61% |
Returns By Period
In the year-to-date period, HYBB achieves a -0.11% return, which is significantly higher than FTSL's -0.69% return.
HYBB
- 1D
- 0.29%
- 1M
- -0.94%
- YTD
- -0.11%
- 6M
- 1.05%
- 1Y
- 6.89%
- 3Y*
- 7.26%
- 5Y*
- 3.57%
- 10Y*
- —
FTSL
- 1D
- 0.11%
- 1M
- 1.04%
- YTD
- -0.69%
- 6M
- 0.98%
- 1Y
- 4.82%
- 3Y*
- 7.14%
- 5Y*
- 4.89%
- 10Y*
- 4.50%
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HYBB vs. FTSL - Expense Ratio Comparison
HYBB has a 0.25% expense ratio, which is lower than FTSL's 0.86% expense ratio.
Return for Risk
HYBB vs. FTSL — Risk / Return Rank
HYBB
FTSL
HYBB vs. FTSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BB Rated Corporate Bond ETF (HYBB) and First Trust Senior Loan Fund (FTSL). 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.
| HYBB | FTSL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 1.56 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.93 | 2.05 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.42 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.06 | -0.11 |
Martin ratioReturn relative to average drawdown | 9.97 | 7.37 | +2.61 |
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
| HYBB | FTSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.56 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 1.46 | -0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.83 | -0.24 |
Correlation
The correlation between HYBB and FTSL is 0.50, 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
HYBB vs. FTSL - Dividend Comparison
HYBB's dividend yield for the trailing twelve months is around 6.13%, less than FTSL's 6.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYBB iShares BB Rated Corporate Bond ETF | 6.13% | 6.08% | 6.22% | 6.28% | 5.04% | 3.86% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTSL First Trust Senior Loan Fund | 6.58% | 6.59% | 7.56% | 7.59% | 4.77% | 3.17% | 3.48% | 4.44% | 4.29% | 3.64% | 3.70% | 3.95% |
Drawdowns
HYBB vs. FTSL - Drawdown Comparison
The maximum HYBB drawdown since its inception was -15.28%, smaller than the maximum FTSL drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for HYBB and FTSL.
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Drawdown Indicators
| HYBB | FTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.28% | -22.67% | +7.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -2.33% | -1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -15.28% | -6.96% | -8.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.67% | — |
Current DrawdownCurrent decline from peak | -1.16% | -1.13% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -0.77% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.65% | +0.07% |
Volatility
HYBB vs. FTSL - Volatility Comparison
iShares BB Rated Corporate Bond ETF (HYBB) has a higher volatility of 1.91% compared to First Trust Senior Loan Fund (FTSL) at 1.36%. This indicates that HYBB's price experiences larger fluctuations and is considered to be riskier than FTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYBB | FTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 1.36% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 1.91% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.45% | 3.11% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 3.36% | +3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.75% | 5.19% | +1.56% |