HYXF vs. BBHY

Last updated Jun 5, 2026

HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) and BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - HYXF tracks the Bloomberg MSCI US High Yield Corporate Choice ESG Screened while BBHY tracks the ICE BofA US High Yield Index. Both are passively managed. Over the past 5 years, HYXF returned 3.68%/yr vs 4.12%/yr for BBHY. A 0.79 correlation means they provide meaningful diversification when combined. HYXF charges 0.35%/yr vs 0.15%/yr for BBHY.

Performance

HYXF vs. BBHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYXF achieves a 1.01% return, which is significantly lower than BBHY's 1.73% return.

HYXF

• 1D: 0.10%
• 1M: 0.28%
• YTD: 1.01%
• 6M: 1.57%
• 1Y: 5.76%
• 3Y*: 8.71%
• 5Y*: 3.68%
• 10Y*: —

BBHY

• 1D: 0.15%
• 1M: 0.49%
• YTD: 1.73%
• 6M: 2.18%
• 1Y: 7.10%
• 3Y*: 8.76%
• 5Y*: 4.12%
• 10Y*: —

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

HYXF vs. BBHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HYXF iShares ESG Advanced High Yield Corporate Bond ETF	1.01%	8.88%	8.35%	11.87%	-11.90%	2.60%	6.07%	14.87%	-0.24%	6.89%
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	1.73%	8.51%	7.81%	11.98%	-10.37%	3.88%	5.36%	14.35%	-2.50%	6.57%

Correlation

The correlation between HYXF and BBHY is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 16, 2016	0.79

The correlation between HYXF and BBHY shifts across timeframes, from 0.79 (all time) to 0.91 (5 years), reflecting how their relationship changes across market environments.

HYXF vs. BBHY - Sectors Allocation Comparison

Sectors	HYXF	BBHY
Communication Services	100.0%	7.9%
Basic Materials	-	3.2%
Consumer Cyclical	-	10.0%
Consumer Defensive	-	2.5%
Energy	-	5.2%
Financial Services	-	4.1%
Healthcare	-	5.4%
Industrials	-	8.4%
Real Estate	-	3.9%
Technology	-	4.0%
Utilities	-	2.0%

Return for Risk

HYXF vs. BBHY — Risk / Return Rank

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

HYXF

HYXF Risk / Return Rank: 49
HYXF Sharpe Ratio Rank: 44
HYXF Sortino Ratio Rank: 48
HYXF Omega Ratio Rank: 46
HYXF Calmar Ratio Rank: 46
HYXF Martin Ratio Rank: 58

BBHY

BBHY Risk / Return Rank: 65
BBHY Sharpe Ratio Rank: 60
BBHY Sortino Ratio Rank: 66
BBHY Omega Ratio Rank: 65
BBHY Calmar Ratio Rank: 62
BBHY Martin Ratio Rank: 73

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.

HYXF vs. BBHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). 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.

	HYXF	BBHY	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.97	-0.44
Sortino ratio: Return per unit of downside risk	2.32	2.99	-0.67
Omega ratio: Gain probability vs. loss probability	1.29	1.39	-0.10
Calmar ratio: Return relative to maximum drawdown	2.25	3.00	-0.75
Martin ratio: Return relative to average drawdown	10.15	13.50	-3.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYXF vs. BBHY - Sharpe Ratio Comparison

The current HYXF Sharpe Ratio is 1.54, which is comparable to the BBHY Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of HYXF and BBHY, 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

	HYXF	BBHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	1.97	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.57	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.64	-0.03

Drawdowns

HYXF vs. BBHY - Drawdown Comparison

The maximum HYXF drawdown since its inception was -18.75%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for HYXF and BBHY.

Drawdown Indicators

	HYXF	BBHY	Difference
Max Drawdown Largest peak-to-trough decline	-18.75%	-24.98%	+6.23%
Max Drawdown (1Y) Largest decline over 1 year	-2.57%	-2.37%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-4.81%	-5.00%	+0.19%
Max Drawdown (5Y) Largest decline over 5 years	-16.00%	-15.32%	-0.68%
Current Drawdown Current decline from peak	-0.17%	-0.14%	-0.03%
Average Drawdown Average peak-to-trough decline	-2.58%	-2.37%	-0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.57%	0.53%	+0.04%

Volatility

HYXF vs. BBHY - Volatility Comparison

iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) have volatilities of 1.15% and 1.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYXF	BBHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	1.13%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	2.92%	2.85%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	3.77%	3.62%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.04%	7.26%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.32%	7.53%	+0.79%

HYXF vs. BBHY - Expense Ratio Comparison

HYXF has a 0.35% expense ratio, which is higher than BBHY's 0.15% expense ratio.

Dividends

HYXF vs. BBHY - Dividend Comparison

HYXF's dividend yield for the trailing twelve months is around 6.09%, less than BBHY's 6.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	6.94%	7.24%	7.18%	6.49%	5.92%	4.06%	4.73%	4.99%	5.02%	4.81%	1.42%
HYXF iShares ESG Advanced High Yield Corporate Bond ETF	6.09%	6.19%	6.40%	5.93%	5.37%	4.56%	4.96%	5.29%	6.14%	5.85%	3.16%

Frequently Asked Questions

Can I hold both HYXF and BBHY in my portfolio?

With a correlation of 0.91, HYXF and BBHY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, HYXF or BBHY?

HYXF has higher volatility (1.15%) compared to BBHY (1.13%). In terms of maximum drawdown, HYXF dropped -18.75% vs BBHY's -24.98%.

Which ETF is better, HYXF or BBHY?

On 5-year performance, BBHY leads with 4.12% vs 3.68% for HYXF. On fees, BBHY is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYXF or BBHY?

Over the 5-year period, BBHY has performed better with a 4.12% return vs 3.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYXF or BBHY?

BBHY is cheaper with a 0.15% expense ratio, compared with 0.35% for HYXF.

Which ETF pays a higher dividend yield, HYXF or BBHY?

BBHY has the higher dividend yield at 6.94%, compared with 6.09% for HYXF.

What is the main difference between HYXF and BBHY?

HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while BBHY tracks ICE BofA US High Yield Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.35% for HYXF and 0.15% for BBHY.

Which has better risk-adjusted returns?

BBHY currently has the higher Sharpe Ratio (1.97 vs 1.54), 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.