HYLB vs. BND
HYLB (Xtrackers USD High Yield Corporate Bond ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - HYLB is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 5 years, HYLB returned 3.86%/yr vs -0.42%/yr for BND. Their 0.33 correlation means their historical movements had little consistent relationship. HYLB charges 0.15%/yr vs 0.03%/yr for BND.
Performance
HYLB vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, HYLB achieves a 1.76% return, which is significantly higher than BND's -0.54% return.
HYLB
- 1D
- 0.00%
- 1M
- -0.27%
- 6M
- 1.16%
- YTD
- 1.76%
- 1Y
- 5.27%
- 3Y*
- 8.33%
- 5Y*
- 3.86%
- 10Y*
- —
- ALL TIME*
- 4.69%
BND
- 1D
- -0.26%
- 1M
- -1.20%
- 6M
- -0.75%
- YTD
- -0.54%
- 1Y
- 1.75%
- 3Y*
- 3.92%
- 5Y*
- -0.42%
- 10Y*
- 1.36%
- ALL TIME*
- 2.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $451.00M | $507.49M | $592.68M | |
| $41.71M | $36.91M | $41.99M |
HYLB vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.76% | 8.74% | 8.14% | 12.03% | -10.80% | 3.94% | 5.04% | 14.06% | -1.80% | 6.00% |
BND Vanguard Total Bond Market ETF | -0.54% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between HYLB and BND is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2016 | 0.33 |
Over the past year, HYLB and BND have become more correlated (0.62) than their long-term average of 0.33, meaning their price movements have been converging.
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Return for Risk
HYLB vs. BND — Risk / Return Rank
HYLB
BND
HYLB vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond ETF (HYLB) and Vanguard Total Bond Market ETF (BND). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYLB | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.12 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 0.99 | +1.34 |
| Martin ratioReturn relative to average drawdown | 9.81 | 2.48 | +7.34 |
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Drawdowns
HYLB vs. BND - Drawdown Comparison
The maximum HYLB drawdown since its inception was -22.91%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for HYLB and BND.
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Drawdown Indicators
| HYLB | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.91% | -18.58% | -4.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -2.68% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -4.51% | -4.81% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -15.54% | -17.91% | +2.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -0.41% | -3.15% | +2.74% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -3.06% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 1.07% | -0.53% |
Volatility
HYLB vs. BND - Volatility Comparison
The current volatility for Xtrackers USD High Yield Corporate Bond ETF (HYLB) is 0.79%, while Vanguard Total Bond Market ETF (BND) has a volatility of 0.98%. This indicates that HYLB experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYLB | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.98% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 2.90% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 3.70% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.47% | 6.03% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.12% | 5.53% | +2.59% |
HYLB vs. BND - Expense Ratio Comparison
HYLB has a 0.15% expense ratio, which is higher than BND's 0.03% 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%.
Dividends
HYLB vs. BND - Dividend Comparison
HYLB's dividend yield for the trailing twelve months is around 6.52%, more than BND's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.69% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 5.97% | 6.29% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% | 0.00% |
Frequently Asked Questions
HYLB and BND have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BND has higher volatility (0.98%) compared to HYLB (0.79%). In terms of maximum drawdown, HYLB dropped -22.91% vs BND's -18.58%.
On 5-year performance, HYLB leads with 3.86% vs -0.42% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, HYLB has been the lower-risk option at 0.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HYLB has performed better with a 3.86% return vs -0.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.15% for HYLB.
HYLB has the higher dividend yield at 5.97%, compared with 3.69% for BND.
HYLB is categorized as High Yield Bonds, while BND is Total Bond Market. HYLB tracks Solactive USD High Yield Corporates Total Market Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: DWS and Vanguard. Their fees differ too: 0.15% for HYLB and 0.03% for BND.
HYLB currently has the higher Sharpe Ratio (1.41 vs 0.72), 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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