HYBB vs. HYDB
Compare and contrast key facts about iShares BB Rated Corporate Bond ETF (HYBB) and iShares High Yield Bond Factor ETF (HYDB).
HYBB and HYDB 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. HYDB is a passively managed fund by iShares that tracks the performance of the BlackRock High Yield Defensive Bond Index. It was launched on Jul 11, 2017. Both HYBB and HYDB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HYBB vs. HYDB - Performance Comparison
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HYBB vs. HYDB - 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% |
HYDB iShares High Yield Bond Factor ETF | -0.40% | 8.10% | 9.11% | 14.02% | -9.99% | 5.14% | 5.94% |
Returns By Period
In the year-to-date period, HYBB achieves a -0.11% return, which is significantly higher than HYDB's -0.40% return.
HYBB
- 1D
- 0.29%
- 1M
- -0.94%
- YTD
- -0.11%
- 6M
- 1.05%
- 1Y
- 6.89%
- 3Y*
- 7.26%
- 5Y*
- 3.57%
- 10Y*
- —
HYDB
- 1D
- 0.24%
- 1M
- -1.25%
- YTD
- -0.40%
- 6M
- 0.62%
- 1Y
- 6.18%
- 3Y*
- 8.91%
- 5Y*
- 4.56%
- 10Y*
- —
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HYBB vs. HYDB - Expense Ratio Comparison
HYBB has a 0.25% expense ratio, which is lower than HYDB's 0.35% expense ratio.
Return for Risk
HYBB vs. HYDB — Risk / Return Rank
HYBB
HYDB
HYBB vs. HYDB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BB Rated Corporate Bond ETF (HYBB) and iShares High Yield Bond Factor ETF (HYDB). 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 | HYDB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 1.05 | +0.22 |
Sortino ratioReturn per unit of downside risk | 1.93 | 1.51 | +0.42 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.30 | +0.65 |
Martin ratioReturn relative to average drawdown | 9.97 | 6.28 | +3.69 |
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 | HYDB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.05 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.65 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.69 | -0.10 |
Correlation
The correlation between HYBB and HYDB is 0.93, 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.
Dividends
HYBB vs. HYDB - Dividend Comparison
HYBB's dividend yield for the trailing twelve months is around 6.13%, less than HYDB's 7.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
HYDB iShares High Yield Bond Factor ETF | 7.20% | 7.04% | 6.95% | 7.00% | 6.30% | 4.70% | 5.81% | 5.68% | 6.16% | 2.70% |
Drawdowns
HYBB vs. HYDB - Drawdown Comparison
The maximum HYBB drawdown since its inception was -15.28%, smaller than the maximum HYDB drawdown of -21.58%. Use the drawdown chart below to compare losses from any high point for HYBB and HYDB.
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Drawdown Indicators
| HYBB | HYDB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.28% | -21.58% | +6.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -4.84% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -15.28% | -14.28% | -1.00% |
Current DrawdownCurrent decline from peak | -1.16% | -1.56% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -2.43% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 1.00% | -0.28% |
Volatility
HYBB vs. HYDB - Volatility Comparison
The current volatility for iShares BB Rated Corporate Bond ETF (HYBB) is 1.91%, while iShares High Yield Bond Factor ETF (HYDB) has a volatility of 2.23%. This indicates that HYBB experiences smaller price fluctuations and is considered to be less risky than HYDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYBB | HYDB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 2.23% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 2.92% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.45% | 5.89% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 7.02% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.75% | 7.82% | -1.07% |