HYLB vs. BSV
HYLB (Xtrackers USD High Yield Corporate Bond ETF) and BSV (Vanguard Short-Term Bond Index Fund ETF Shares) are both exchange-traded funds - HYLB is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market Index, while BSV is a Short-Term Bond fund tracking the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. Both are passively managed. Over the past 5 years, HYLB returned 4.06%/yr vs 1.63%/yr for BSV. At a 0.28 correlation, their price movements are largely independent. HYLB charges 0.15%/yr vs 0.03%/yr for BSV.
Performance
HYLB vs. BSV - Performance Comparison
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Returns By Period
In the year-to-date period, HYLB achieves a 1.65% return, which is significantly higher than BSV's 0.37% return.
HYLB
- 1D
- 0.11%
- 1M
- 0.35%
- YTD
- 1.65%
- 6M
- 2.09%
- 1Y
- 6.78%
- 3Y*
- 8.79%
- 5Y*
- 4.06%
- 10Y*
- —
BSV
- 1D
- 0.08%
- 1M
- 0.09%
- YTD
- 0.37%
- 6M
- 0.68%
- 1Y
- 3.51%
- 3Y*
- 4.41%
- 5Y*
- 1.63%
- 10Y*
- 1.96%
HYLB vs. BSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.65% | 8.74% | 8.14% | 12.03% | -10.80% | 3.94% | 5.04% | 14.06% | -1.80% | 6.00% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.37% | 6.00% | 3.78% | 4.90% | -5.49% | -1.09% | 4.70% | 4.98% | 1.34% | 1.20% |
Correlation
The correlation between HYLB and BSV is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2016 | 0.28 |
Over the past year, HYLB and BSV have become more correlated (0.58) than their long-term average of 0.28, meaning their price movements have been converging.
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Return for Risk
HYLB vs. BSV — Risk / Return Rank
HYLB
BSV
HYLB vs. BSV - 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 Short-Term Bond Index Fund ETF Shares (BSV). 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.
| HYLB | BSV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 2.74 | +0.26 |
| Martin ratioReturn relative to average drawdown | 12.90 | 9.60 | +3.31 |
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
| HYLB | BSV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 1.97 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.60 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.85 | -0.27 |
Drawdowns
HYLB vs. BSV - Drawdown Comparison
The maximum HYLB drawdown since its inception was -22.91%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for HYLB and BSV.
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Drawdown Indicators
| HYLB | BSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.91% | -8.54% | -14.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -1.29% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -4.51% | -1.53% | -2.98% |
Max Drawdown (5Y)Largest decline over 5 years | -15.54% | -8.54% | -7.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.54% | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.55% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -0.97% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.37% | +0.16% |
Volatility
HYLB vs. BSV - Volatility Comparison
Xtrackers USD High Yield Corporate Bond ETF (HYLB) has a higher volatility of 1.19% compared to Vanguard Short-Term Bond Index Fund ETF Shares (BSV) at 0.53%. This indicates that HYLB's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYLB | BSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 0.53% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 1.26% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 1.81% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.47% | 2.72% | +4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.18% | 2.37% | +5.81% |
HYLB vs. BSV - Expense Ratio Comparison
HYLB has a 0.15% expense ratio, which is higher than BSV'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. BSV - Dividend Comparison
HYLB's dividend yield for the trailing twelve months is around 6.48%, more than BSV's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 3.99% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.48% | 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 BSV have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYLB has higher volatility (1.19%) compared to BSV (0.53%). In terms of maximum drawdown, HYLB dropped -22.91% vs BSV's -8.54%.
On 5-year performance, HYLB leads with 4.06% vs 1.63% for BSV. On fees, BSV is cheaper at 0.03% per year. On volatility, BSV has been the lower-risk option at 0.53%. 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 4.06% return vs 1.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSV is cheaper with a 0.03% expense ratio, compared with 0.15% for HYLB.
HYLB has the higher dividend yield at 6.48%, compared with 3.99% for BSV.
HYLB is categorized as High Yield Bonds, while BSV is Short-Term Bond. HYLB tracks Solactive USD High Yield Corporates Total Market Index, while BSV tracks Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. They also come from different issuers: DWS and Vanguard. Their fees differ too: 0.15% for HYLB and 0.03% for BSV.
BSV currently has the higher Sharpe Ratio (1.97 vs 1.84), 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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