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.
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.
Performance
HYBB vs. HYS - Performance Comparison
Key characteristics
HYBB:
1.90
HYS:
2.40
HYBB:
2.66
HYS:
3.47
HYBB:
1.35
HYS:
1.45
HYBB:
3.78
HYS:
5.13
HYBB:
12.57
HYS:
20.83
HYBB:
0.64%
HYS:
0.48%
HYBB:
4.21%
HYS:
4.14%
HYBB:
-15.27%
HYS:
-20.91%
HYBB:
0.00%
HYS:
-0.03%
Returns By Period
The year-to-date returns for both investments are quite close, with HYBB having a 1.42% return and HYS slightly higher at 1.49%.
HYBB
1.42%
1.45%
3.78%
7.32%
N/A
N/A
HYS
1.49%
1.49%
5.51%
9.61%
4.93%
4.86%
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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.
Risk-Adjusted Performance
HYBB vs. HYS — Risk-Adjusted Performance Rank
HYBB
HYS
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 6.13%, less than HYS's 7.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYBB iShares BB Rated Corporate Bond ETF | 6.13% | 6.21% | 6.28% | 5.05% | 4.18% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 7.32% | 7.43% | 7.58% | 5.01% | 3.74% | 4.52% | 4.98% | 4.97% | 5.00% | 5.13% | 5.22% | 5.42% |
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
iShares BB Rated Corporate Bond ETF (HYBB) has a higher volatility of 1.36% compared to PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) at 1.25%. This indicates that HYBB's price experiences larger fluctuations and is considered to be riskier than HYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.