HYLB vs. XHYE
HYLB (Xtrackers USD High Yield Corporate Bond ETF) and XHYE (BondBloxx US High Yield Energy Sector ETF) are both High Yield Bonds funds - HYLB tracks the Solactive USD High Yield Corporates Total Market Index while XHYE tracks the ICE Diversified US Cash Pay High Yield Energy Index. Both are passively managed. Over the past 3 years, HYLB returned 8.57%/yr vs 8.50%/yr for XHYE. Their correlation of 0.86 suggests significant overlap in exposure. HYLB charges 0.15%/yr vs 0.35%/yr for XHYE.
Performance
HYLB vs. XHYE - Performance Comparison
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Returns By Period
In the year-to-date period, HYLB achieves a 1.17% return, which is significantly lower than XHYE's 3.57% return.
HYLB
- 1D
- -0.47%
- 1M
- -0.44%
- YTD
- 1.17%
- 6M
- 1.58%
- 1Y
- 6.46%
- 3Y*
- 8.57%
- 5Y*
- 3.96%
- 10Y*
- —
XHYE
- 1D
- 0.00%
- 1M
- -0.28%
- YTD
- 3.57%
- 6M
- 3.79%
- 1Y
- 9.06%
- 3Y*
- 8.50%
- 5Y*
- —
- 10Y*
- —
HYLB vs. XHYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.17% | 8.74% | 8.14% | 12.03% | -6.80% |
XHYE BondBloxx US High Yield Energy Sector ETF | 3.57% | 6.73% | 7.46% | 11.49% | -1.77% |
Correlation
The correlation between HYLB and XHYE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.86 |
Over the past year, the correlation between HYLB and XHYE has dropped to 0.52 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
HYLB vs. XHYE — Risk / Return Rank
HYLB
XHYE
HYLB vs. XHYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond ETF (HYLB) 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.
| HYLB | XHYE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.69 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 8.50 | -5.64 |
| Martin ratioReturn relative to average drawdown | 12.26 | 26.98 | -14.71 |
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 | XHYE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 3.18 | -1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.84 | -0.26 |
Drawdowns
HYLB vs. XHYE - Drawdown Comparison
The maximum HYLB drawdown since its inception was -22.91%, which is greater than XHYE's maximum drawdown of -8.87%. Use the drawdown chart below to compare losses from any high point for HYLB and XHYE.
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Drawdown Indicators
| HYLB | XHYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.91% | -8.87% | -14.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -1.21% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -4.51% | -6.40% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -15.54% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | -0.36% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -1.42% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.38% | +0.15% |
Volatility
HYLB vs. XHYE - Volatility Comparison
Xtrackers USD High Yield Corporate Bond ETF (HYLB) has a higher volatility of 1.24% compared to BondBloxx US High Yield Energy Sector ETF (XHYE) at 0.56%. This indicates that HYLB'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
| HYLB | XHYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 0.56% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 1.98% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 3.24% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.47% | 7.60% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.18% | 7.60% | +0.58% |
HYLB vs. XHYE - Expense Ratio Comparison
HYLB has a 0.15% expense ratio, which is lower than XHYE's 0.35% expense ratio.
Dividends
HYLB vs. XHYE - Dividend Comparison
HYLB's dividend yield for the trailing twelve months is around 6.51%, more than XHYE's 5.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.51% | 6.29% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% |
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% | 0.00% |
Frequently Asked Questions
HYLB and XHYE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYLB has higher volatility (1.24%) compared to XHYE (0.56%). In terms of maximum drawdown, HYLB dropped -22.91% vs XHYE's -8.87%.
On 3-year performance, HYLB leads with 8.57% vs 8.50% for XHYE. On fees, HYLB is cheaper at 0.15% per year. 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, HYLB has performed better with a 8.57% return vs 8.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYLB is cheaper with a 0.15% expense ratio, compared with 0.35% for XHYE.
HYLB has the higher dividend yield at 6.51%, compared with 5.79% for XHYE.
HYLB tracks Solactive USD High Yield Corporates Total Market Index, while XHYE tracks ICE Diversified US Cash Pay High Yield Energy Index. They also come from different issuers: DWS and BondBloxx. Their fees differ too: 0.15% for HYLB and 0.35% for XHYE.
XHYE currently has the higher Sharpe Ratio (3.18 vs 1.74), 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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