HYBB vs. HYS
Compare and contrast key facts about iShares BB Rated Corporate Bond ETF (HYBB) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS).
HYBB and HYS 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. HYS is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US High Yield Constrained (0-5 Y). It was launched on Jun 16, 2011. Both HYBB and HYS 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 HYS.
Performance
HYBB vs. HYS - Performance Comparison
Returns By Period
In the year-to-date period, HYBB achieves a 6.60% return, which is significantly lower than HYS's 8.23% return.
HYBB
6.60%
0.53%
4.95%
10.49%
N/A
N/A
HYS
8.23%
0.76%
6.35%
13.10%
4.97%
4.58%
Key characteristics
| HYBB | HYS | |
|---|---|---|
| Sharpe Ratio | 2.47 | 3.04 |
| Sortino Ratio | 3.74 | 4.73 |
| Omega Ratio | 1.47 | 1.59 |
| Calmar Ratio | 2.28 | 6.70 |
| Martin Ratio | 18.98 | 29.44 |
| Ulcer Index | 0.57% | 0.44% |
| Daily Std Dev | 4.37% | 4.30% |
| Max Drawdown | -15.27% | -20.91% |
| Current Drawdown | -0.61% | -0.44% |
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HYBB vs. HYS - Expense Ratio Comparison
HYBB has a 0.25% expense ratio, which is lower than HYS's 0.56% expense ratio.
Correlation
The correlation between HYBB and HYS is 0.91, 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.
Risk-Adjusted Performance
HYBB vs. HYS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BB Rated Corporate Bond ETF (HYBB) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS). 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. HYS - Dividend Comparison
HYBB's dividend yield for the trailing twelve months is around 6.14%, less than HYS's 8.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYBB iShares BB Rated Corporate Bond ETF | 6.14% | 6.28% | 5.05% | 4.18% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 8.34% | 7.58% | 5.01% | 3.74% | 4.52% | 4.98% | 4.97% | 5.00% | 5.13% | 5.22% | 5.42% | 4.59% |
Drawdowns
HYBB vs. HYS - Drawdown Comparison
The maximum HYBB drawdown since its inception was -15.27%, smaller than the maximum HYS drawdown of -20.91%. Use the drawdown chart below to compare losses from any high point for HYBB and HYS. For additional features, visit the drawdowns tool.
Volatility
HYBB vs. HYS - Volatility Comparison
The current volatility for iShares BB Rated Corporate Bond ETF (HYBB) is 0.98%, while PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) has a volatility of 1.10%. This indicates that HYBB experiences smaller price fluctuations and is considered to be less risky than HYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.