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HYBB vs. HYDB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


HYBBHYDB
YTD Return6.91%9.73%
1Y Return12.30%15.57%
3Y Return (Ann)2.14%4.25%
Sharpe Ratio2.873.37
Sortino Ratio4.445.40
Omega Ratio1.561.68
Calmar Ratio2.135.59
Martin Ratio23.1029.97
Ulcer Index0.56%0.54%
Daily Std Dev4.46%4.78%
Max Drawdown-15.27%-21.58%
Current Drawdown-0.32%0.00%

Correlation

-0.50.00.51.00.9

The correlation between HYBB and HYDB is 0.94, 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

HYBB vs. HYDB - Performance Comparison

In the year-to-date period, HYBB achieves a 6.91% return, which is significantly lower than HYDB's 9.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
5.00%
6.65%
HYBB
HYDB

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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.


HYDB
iShares High Yield Bond Factor ETF
Expense ratio chart for HYDB: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
Expense ratio chart for HYBB: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Risk-Adjusted Performance

HYBB vs. HYDB - Risk-Adjusted Performance 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
Sharpe ratio
The chart of Sharpe ratio for HYBB, currently valued at 2.87, compared to the broader market-2.000.002.004.006.002.87
Sortino ratio
The chart of Sortino ratio for HYBB, currently valued at 4.44, compared to the broader market0.005.0010.004.44
Omega ratio
The chart of Omega ratio for HYBB, currently valued at 1.56, compared to the broader market1.001.502.002.503.001.56
Calmar ratio
The chart of Calmar ratio for HYBB, currently valued at 2.13, compared to the broader market0.005.0010.0015.002.13
Martin ratio
The chart of Martin ratio for HYBB, currently valued at 23.10, compared to the broader market0.0020.0040.0060.0080.00100.00120.0023.10
HYDB
Sharpe ratio
The chart of Sharpe ratio for HYDB, currently valued at 3.37, compared to the broader market-2.000.002.004.006.003.37
Sortino ratio
The chart of Sortino ratio for HYDB, currently valued at 5.40, compared to the broader market0.005.0010.005.40
Omega ratio
The chart of Omega ratio for HYDB, currently valued at 1.68, compared to the broader market1.001.502.002.503.001.68
Calmar ratio
The chart of Calmar ratio for HYDB, currently valued at 5.59, compared to the broader market0.005.0010.0015.005.59
Martin ratio
The chart of Martin ratio for HYDB, currently valued at 29.97, compared to the broader market0.0020.0040.0060.0080.00100.00120.0029.97

HYBB vs. HYDB - Sharpe Ratio Comparison

The current HYBB Sharpe Ratio is 2.87, which is comparable to the HYDB Sharpe Ratio of 3.37. The chart below compares the historical Sharpe Ratios of HYBB and HYDB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.87
3.37
HYBB
HYDB

Dividends

HYBB vs. HYDB - Dividend Comparison

HYBB's dividend yield for the trailing twelve months is around 6.12%, less than HYDB's 6.95% yield.


TTM2023202220212020201920182017
HYBB
iShares BB Rated Corporate Bond ETF
6.12%6.28%5.05%4.18%0.76%0.00%0.00%0.00%
HYDB
iShares High Yield Bond Factor ETF
6.95%7.00%6.30%4.70%5.81%5.68%6.17%2.70%

Drawdowns

HYBB vs. HYDB - Drawdown Comparison

The maximum HYBB drawdown since its inception was -15.27%, 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. For additional features, visit the drawdowns tool.


-1.40%-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.32%
0
HYBB
HYDB

Volatility

HYBB vs. HYDB - Volatility Comparison

The current volatility for iShares BB Rated Corporate Bond ETF (HYBB) is 1.04%, while iShares High Yield Bond Factor ETF (HYDB) has a volatility of 1.11%. 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.


0.60%0.80%1.00%1.20%1.40%1.60%JuneJulyAugustSeptemberOctoberNovember
1.04%
1.11%
HYBB
HYDB