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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYBB or HYDB.
Key characteristics
| HYBB | HYDB | |
|---|---|---|
| YTD Return | 2.15% | 3.51% |
| 1Y Return | 10.59% | 14.35% |
| 3Y Return (Ann) | 1.58% | 3.02% |
| Sharpe Ratio | 1.74 | 2.29 |
| Daily Std Dev | 5.73% | 5.99% |
| Max Drawdown | -15.27% | -21.58% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
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 2.15% return, which is significantly lower than HYDB's 3.51% return. 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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HYBB vs. HYDB - Expense Ratio Comparison
HYBB has a 0.25% expense ratio, which is lower than HYDB's 0.35% expense ratio.
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.
Dividends
HYBB vs. HYDB - Dividend Comparison
HYBB's dividend yield for the trailing twelve months is around 5.95%, less than HYDB's 7.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
HYBB iShares BB Rated Corporate Bond ETF | 5.95% | 6.28% | 5.04% | 4.18% | 0.76% | 0.00% | 0.00% | 0.00% |
HYDB iShares High Yield Bond Factor ETF | 7.04% | 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 -15.27%, 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.
Volatility
HYBB vs. HYDB - Volatility Comparison
The current volatility for iShares BB Rated Corporate Bond ETF (HYBB) is 1.26%, while iShares High Yield Bond Factor ETF (HYDB) has a volatility of 1.47%. 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.