HYXF vs. HYLB
HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) and HYLB (Xtrackers 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 HYLB tracks the Solactive USD High Yield Corporates Total Market Index. Both are passively managed. Over the past 5 years, HYXF returned 3.68%/yr vs 4.06%/yr for HYLB. Their correlation of 0.82 suggests significant overlap in exposure. HYXF charges 0.35%/yr vs 0.15%/yr for HYLB.
Performance
HYXF vs. HYLB - Performance Comparison
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Returns By Period
In the year-to-date period, HYXF achieves a 1.01% return, which is significantly lower than HYLB's 1.65% return.
HYXF
- 1D
- 0.10%
- 1M
- 0.28%
- YTD
- 1.01%
- 6M
- 1.57%
- 1Y
- 5.76%
- 3Y*
- 8.71%
- 5Y*
- 3.68%
- 10Y*
- —
HYLB
- 1D
- 0.11%
- 1M
- 0.35%
- YTD
- 1.65%
- 6M
- 2.09%
- 1Y
- 6.78%
- 3Y*
- 8.79%
- 5Y*
- 4.06%
- 10Y*
- —
HYXF vs. HYLB - 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% |
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% |
Correlation
The correlation between HYXF and HYLB is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2016 | 0.82 |
The correlation between HYXF and HYLB has been stable across timeframes, ranging from 0.82 to 0.92 - a consistent structural relationship.
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Return for Risk
HYXF vs. HYLB — Risk / Return Rank
HYXF
HYLB
HYXF vs. HYLB - 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 Xtrackers USD High Yield Corporate Bond ETF (HYLB). 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 | HYLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 3.00 | -0.75 |
| Martin ratioReturn relative to average drawdown | 10.15 | 12.90 | -2.75 |
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
| HYXF | HYLB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 1.84 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.55 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.58 | +0.03 |
Drawdowns
HYXF vs. HYLB - Drawdown Comparison
The maximum HYXF drawdown since its inception was -18.75%, smaller than the maximum HYLB drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for HYXF and HYLB.
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Drawdown Indicators
| HYXF | HYLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -22.91% | +4.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -2.27% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -4.51% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | -15.54% | -0.46% |
Current DrawdownCurrent decline from peak | -0.17% | -0.09% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -2.43% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 0.53% | +0.04% |
Volatility
HYXF vs. HYLB - Volatility Comparison
iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) and Xtrackers USD High Yield Corporate Bond ETF (HYLB) have volatilities of 1.15% and 1.19%, 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.
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Volatility by Period
| HYXF | HYLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.19% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 2.92% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 3.70% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 7.47% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.32% | 8.18% | +0.14% |
HYXF vs. HYLB - Expense Ratio Comparison
HYXF has a 0.35% expense ratio, which is higher than HYLB's 0.15% expense ratio.
Dividends
HYXF vs. HYLB - Dividend Comparison
HYXF's dividend yield for the trailing twelve months is around 6.09%, less than HYLB's 6.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
With a correlation of 0.90, HYXF and HYLB 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.
HYLB has higher volatility (1.19%) compared to HYXF (1.15%). In terms of maximum drawdown, HYXF dropped -18.75% vs HYLB's -22.91%.
On 5-year performance, HYLB leads with 4.06% vs 3.68% for HYXF. On fees, HYLB 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.
Over the 5-year period, HYLB has performed better with a 4.06% return vs 3.68%. 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 HYXF.
HYLB has the higher dividend yield at 6.48%, compared with 6.09% for HYXF.
HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while HYLB tracks Solactive USD High Yield Corporates Total Market Index. They also come from different issuers: iShares and DWS. Their fees differ too: 0.35% for HYXF and 0.15% for HYLB.
HYLB currently has the higher Sharpe Ratio (1.84 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.
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