HYBB vs. USHY
Compare and contrast key facts about iShares BB Rated Corporate Bond ETF (HYBB) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
HYBB and USHY 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. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017. Both HYBB and USHY 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 USHY.
Performance
HYBB vs. USHY - Performance Comparison
Returns By Period
In the year-to-date period, HYBB achieves a 6.60% return, which is significantly lower than USHY's 8.52% return.
HYBB
6.60%
0.53%
4.95%
10.49%
N/A
N/A
USHY
8.52%
0.65%
6.52%
12.96%
4.41%
N/A
Key characteristics
| HYBB | USHY | |
|---|---|---|
| Sharpe Ratio | 2.47 | 3.03 |
| Sortino Ratio | 3.74 | 4.76 |
| Omega Ratio | 1.47 | 1.61 |
| Calmar Ratio | 2.28 | 3.28 |
| Martin Ratio | 18.98 | 23.10 |
| Ulcer Index | 0.57% | 0.57% |
| Daily Std Dev | 4.37% | 4.34% |
| Max Drawdown | -15.27% | -22.44% |
| Current Drawdown | -0.61% | -0.37% |
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HYBB vs. USHY - Expense Ratio Comparison
HYBB has a 0.25% expense ratio, which is higher than USHY's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between HYBB and USHY is 0.96, 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. USHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BB Rated Corporate Bond ETF (HYBB) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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. USHY - Dividend Comparison
HYBB's dividend yield for the trailing twelve months is around 6.14%, less than USHY's 6.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
HYBB iShares BB Rated Corporate Bond ETF | 6.14% | 6.28% | 5.05% | 4.18% | 0.76% | 0.00% | 0.00% | 0.00% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.68% | 6.62% | 6.08% | 5.07% | 5.31% | 5.91% | 6.30% | 0.73% |
Drawdowns
HYBB vs. USHY - Drawdown Comparison
The maximum HYBB drawdown since its inception was -15.27%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for HYBB and USHY. For additional features, visit the drawdowns tool.
Volatility
HYBB vs. USHY - Volatility Comparison
iShares BB Rated Corporate Bond ETF (HYBB) and iShares Broad USD High Yield Corporate Bond ETF (USHY) have volatilities of 0.98% and 0.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.