HYXE vs. USHY
Compare and contrast key facts about iShares iBoxx $ High Yield ex Oil & Gas Corporate Bond ETF (HYXE) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
HYXE and USHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYXE is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid High Yield ex-Oil and Gas Index. It was launched on Jun 14, 2016. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017. Both HYXE and USHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYXE or USHY.
Correlation
The correlation between HYXE and USHY is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HYXE vs. USHY - Performance Comparison
Key characteristics
Returns By Period
HYXE
N/A
N/A
N/A
N/A
N/A
N/A
USHY
1.83%
0.74%
4.02%
10.25%
4.04%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HYXE vs. USHY - Expense Ratio Comparison
HYXE has a 0.50% expense ratio, which is higher than USHY's 0.15% expense ratio.
Risk-Adjusted Performance
HYXE vs. USHY — Risk-Adjusted Performance Rank
HYXE
USHY
HYXE vs. USHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ High Yield ex Oil & Gas Corporate Bond ETF (HYXE) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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.
Dividends
HYXE vs. USHY - Dividend Comparison
HYXE has not paid dividends to shareholders, while USHY's dividend yield for the trailing twelve months is around 6.79%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYXE iShares iBoxx $ High Yield ex Oil & Gas Corporate Bond ETF | 0.00% | 3.24% | 5.93% | 5.37% | 4.01% | 4.57% | 5.29% | 6.14% | 5.85% | 3.15% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.79% | 6.89% | 6.62% | 6.08% | 5.07% | 5.31% | 5.91% | 6.30% | 0.73% | 0.00% |
Drawdowns
HYXE vs. USHY - Drawdown Comparison
Volatility
HYXE vs. USHY - Volatility Comparison
The current volatility for iShares iBoxx $ High Yield ex Oil & Gas Corporate Bond ETF (HYXE) is 0.00%, while iShares Broad USD High Yield Corporate Bond ETF (USHY) has a volatility of 0.87%. This indicates that HYXE experiences smaller price fluctuations and is considered to be less risky than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.