HYDB vs. XHYE
HYDB (iShares High Yield Bond Factor ETF) and XHYE (BondBloxx US High Yield Energy Sector ETF) are both High Yield Bonds funds - HYDB tracks the BlackRock High Yield Defensive Bond Index while XHYE tracks the ICE Diversified US Cash Pay High Yield Energy Index. Both are passively managed. Over the past 3 years, HYDB returned 9.23%/yr vs 8.50%/yr for XHYE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.
Performance
HYDB vs. XHYE - Performance Comparison
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Returns By Period
In the year-to-date period, HYDB achieves a 1.43% return, which is significantly lower than XHYE's 3.57% return.
HYDB
- 1D
- 0.11%
- 1M
- 0.30%
- YTD
- 1.43%
- 6M
- 1.98%
- 1Y
- 7.09%
- 3Y*
- 9.23%
- 5Y*
- 4.69%
- 10Y*
- —
XHYE
- 1D
- 0.00%
- 1M
- -0.19%
- YTD
- 3.57%
- 6M
- 3.82%
- 1Y
- 8.97%
- 3Y*
- 8.50%
- 5Y*
- —
- 10Y*
- —
HYDB vs. XHYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYDB iShares High Yield Bond Factor ETF | 1.43% | 8.10% | 9.11% | 14.02% | -6.08% |
XHYE BondBloxx US High Yield Energy Sector ETF | 3.57% | 6.73% | 7.46% | 11.49% | -1.77% |
Correlation
The correlation between HYDB and XHYE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.86 |
Over the past year, the correlation between HYDB and XHYE has dropped to 0.50 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
HYDB vs. XHYE — Risk / Return Rank
HYDB
XHYE
HYDB vs. XHYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Bond Factor ETF (HYDB) and BondBloxx US High Yield Energy Sector ETF (XHYE). 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.
| HYDB | XHYE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.69 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 8.50 | -5.99 |
| Martin ratioReturn relative to average drawdown | 11.12 | 26.98 | -15.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYDB | XHYE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 3.18 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.84 | -0.13 |
Drawdowns
HYDB vs. XHYE - Drawdown Comparison
The maximum HYDB drawdown since its inception was -21.58%, which is greater than XHYE's maximum drawdown of -8.87%. Use the drawdown chart below to compare losses from any high point for HYDB and XHYE.
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Drawdown Indicators
| HYDB | XHYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.58% | -8.87% | -12.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -1.21% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -5.58% | -6.40% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -14.28% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.36% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -1.42% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.38% | +0.26% |
Volatility
HYDB vs. XHYE - Volatility Comparison
iShares High Yield Bond Factor ETF (HYDB) has a higher volatility of 1.12% compared to BondBloxx US High Yield Energy Sector ETF (XHYE) at 0.56%. This indicates that HYDB's price experiences larger fluctuations and is considered to be riskier than XHYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYDB | XHYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 0.56% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 1.98% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 3.24% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 7.60% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.76% | 7.60% | +0.16% |
HYDB vs. XHYE - Expense Ratio Comparison
Both HYDB and XHYE have an expense ratio of 0.35%.
Dividends
HYDB vs. XHYE - Dividend Comparison
HYDB's dividend yield for the trailing twelve months is around 7.00%, more than XHYE's 5.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HYDB iShares High Yield Bond Factor ETF | 7.00% | 7.04% | 6.95% | 7.00% | 6.30% | 4.70% | 5.81% | 5.68% | 6.16% | 2.70% |
XHYE BondBloxx US High Yield Energy Sector ETF | 5.79% | 6.55% | 7.04% | 6.46% | 5.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYDB and XHYE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYDB has higher volatility (1.12%) compared to XHYE (0.56%). In terms of maximum drawdown, HYDB dropped -21.58% vs XHYE's -8.87%.
On 3-year performance, HYDB leads with 9.23% vs 8.50% for XHYE. Both ETFs have the same 0.35% expense ratio. On volatility, XHYE has been the lower-risk option at 0.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HYDB has performed better with a 9.23% return vs 8.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYDB and XHYE have the same expense ratio: 0.35% per year.
HYDB has the higher dividend yield at 7.00%, compared with 5.79% for XHYE.
HYDB tracks BlackRock High Yield Defensive Bond Index, while XHYE tracks ICE Diversified US Cash Pay High Yield Energy Index. They also come from different issuers: iShares and BondBloxx.
XHYE currently has the higher Sharpe Ratio (3.18 vs 1.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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