HYLB vs. GIUSX

Last updated Jun 5, 2026

HYLB (Xtrackers USD High Yield Corporate Bond ETF) and GIUSX (Guggenheim Core Bond Fund Institutional Class) are both funds - HYLB is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market Index, while GIUSX is a Total Bond Market fund managed by Guggenheim. Over the past 5 years, HYLB returned 4.06%/yr vs 0.14%/yr for GIUSX. At a 0.27 correlation, their price movements are largely independent. HYLB charges 0.15%/yr vs 0.50%/yr for GIUSX.

Performance

HYLB vs. GIUSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers USD High Yield Corporate Bond ETF (HYLB) and Guggenheim Core Bond Fund Institutional Class (GIUSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYLB achieves a 1.65% return, which is significantly higher than GIUSX's 0.34% return.

HYLB

• 1D: 0.11%
• 1M: 0.35%
• YTD: 1.65%
• 6M: 2.09%
• 1Y: 6.78%
• 3Y*: 8.79%
• 5Y*: 4.06%
• 10Y*: —

GIUSX

• 1D: -0.25%
• 1M: 0.13%
• YTD: 0.34%
• 6M: 0.56%
• 1Y: 5.13%
• 3Y*: 4.87%
• 5Y*: 0.14%
• 10Y*: 2.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYLB vs. GIUSX - 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%
GIUSX Guggenheim Core Bond Fund Institutional Class	0.34%	7.86%	2.91%	7.07%	-16.63%	-0.90%	14.63%	4.47%	1.20%	6.61%

Correlation

The correlation between HYLB and GIUSX 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	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Dec 8, 2016	0.27

Over the past year, HYLB and GIUSX have become more correlated (0.58) than their long-term average of 0.27, meaning their price movements have been converging.

Return for Risk

HYLB vs. GIUSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYLB

HYLB Risk / Return Rank: 62
HYLB Sharpe Ratio Rank: 55
HYLB Sortino Ratio Rank: 60
HYLB Omega Ratio Rank: 61
HYLB Calmar Ratio Rank: 62
HYLB Martin Ratio Rank: 71

GIUSX

GIUSX Risk / Return Rank: 26
GIUSX Sharpe Ratio Rank: 26
GIUSX Sortino Ratio Rank: 27
GIUSX Omega Ratio Rank: 25
GIUSX Calmar Ratio Rank: 28
GIUSX Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYLB vs. GIUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond ETF (HYLB) and Guggenheim Core Bond Fund Institutional Class (GIUSX). 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	GIUSX	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.43	+0.41
Sortino ratio: Return per unit of downside risk	2.79	2.15	+0.64
Omega ratio: Gain probability vs. loss probability	1.36	1.26	+0.11
Calmar ratio: Return relative to maximum drawdown	3.00	1.95	+1.05
Martin ratio: Return relative to average drawdown	12.90	5.95	+6.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYLB vs. GIUSX - Sharpe Ratio Comparison

The current HYLB Sharpe Ratio is 1.84, which is comparable to the GIUSX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of HYLB and GIUSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYLB	GIUSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	1.43	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.02	+0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.70	-0.12

Drawdowns

HYLB vs. GIUSX - Drawdown Comparison

The maximum HYLB drawdown since its inception was -22.91%, roughly equal to the maximum GIUSX drawdown of -22.02%. Use the drawdown chart below to compare losses from any high point for HYLB and GIUSX.

Drawdown Indicators

	HYLB	GIUSX	Difference
Max Drawdown Largest peak-to-trough decline	-22.91%	-22.02%	-0.89%
Max Drawdown (1Y) Largest decline over 1 year	-2.27%	-2.99%	+0.72%
Max Drawdown (3Y) Largest decline over 3 years	-4.51%	-6.10%	+1.59%
Max Drawdown (5Y) Largest decline over 5 years	-15.54%	-22.02%	+6.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.02%	—
Current Drawdown Current decline from peak	-0.09%	-1.87%	+1.78%
Average Drawdown Average peak-to-trough decline	-2.43%	-4.09%	+1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	0.97%	-0.44%

Volatility

HYLB vs. GIUSX - Volatility Comparison

The current volatility for Xtrackers USD High Yield Corporate Bond ETF (HYLB) is 1.19%, while Guggenheim Core Bond Fund Institutional Class (GIUSX) has a volatility of 1.46%. This indicates that HYLB experiences smaller price fluctuations and is considered to be less risky than GIUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYLB	GIUSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	1.46%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	2.92%	2.97%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	3.70%	4.07%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.47%	5.91%	+1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.18%	4.83%	+3.35%

HYLB vs. GIUSX - Expense Ratio Comparison

HYLB has a 0.15% expense ratio, which is lower than GIUSX's 0.50% expense ratio.

Dividends

HYLB vs. GIUSX - Dividend Comparison

HYLB's dividend yield for the trailing twelve months is around 6.48%, more than GIUSX's 4.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIUSX Guggenheim Core Bond Fund Institutional Class	4.80%	4.75%	4.68%	4.39%	2.71%	3.36%	4.36%	2.42%	2.76%	3.47%	3.85%	4.96%
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

Can I hold both HYLB and GIUSX in my portfolio?

HYLB and GIUSX 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.

Which is riskier, HYLB or GIUSX?

GIUSX has higher volatility (1.46%) compared to HYLB (1.19%). In terms of maximum drawdown, HYLB dropped -22.91% vs GIUSX's -22.02%.

Which has better risk-adjusted returns?

HYLB currently has the higher Sharpe Ratio (1.84 vs 1.43), 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.