HYXF vs. IBND
HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) and IBND (SPDR Bloomberg Barclays International Corporate Bond ETF) are both exchange-traded funds - HYXF is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while IBND is a Corporate Bonds fund tracking the Bloomberg Global Aggregate x USD >$1B: Corporate Bond. Both are passively managed. Over the past 5 years, HYXF returned 3.66%/yr vs -1.50%/yr for IBND. At a 0.34 correlation, their price movements are largely independent. HYXF charges 0.35%/yr vs 0.50%/yr for IBND.
Performance
HYXF vs. IBND - Performance Comparison
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Returns By Period
In the year-to-date period, HYXF achieves a 0.91% return, which is significantly higher than IBND's -1.08% return.
HYXF
- 1D
- -0.24%
- 1M
- 0.34%
- YTD
- 0.91%
- 6M
- 1.51%
- 1Y
- 5.86%
- 3Y*
- 8.56%
- 5Y*
- 3.66%
- 10Y*
- —
IBND
- 1D
- -0.44%
- 1M
- -0.01%
- YTD
- -1.08%
- 6M
- -0.51%
- 1Y
- 2.86%
- 3Y*
- 6.69%
- 5Y*
- -1.50%
- 10Y*
- 0.65%
HYXF vs. IBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 0.91% | 8.88% | 8.35% | 11.87% | -11.90% | 2.60% | 6.07% | 14.87% | -0.24% | 6.89% |
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | -1.08% | 16.17% | -2.81% | 10.38% | -19.44% | -8.40% | 11.50% | 4.41% | -6.15% | 14.84% |
Correlation
The correlation between HYXF and IBND is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2016 | 0.34 |
The correlation between HYXF and IBND shifts across timeframes, from 0.34 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HYXF vs. IBND — Risk / Return Rank
HYXF
IBND
HYXF vs. IBND - 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 SPDR Bloomberg Barclays International Corporate Bond ETF (IBND). 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 | IBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.07 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 0.42 | +1.86 |
| Martin ratioReturn relative to average drawdown | 10.32 | 1.16 | +9.15 |
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 | IBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 0.36 | +1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | -0.15 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.15 | +0.46 |
Drawdowns
HYXF vs. IBND - Drawdown Comparison
The maximum HYXF drawdown since its inception was -18.75%, smaller than the maximum IBND drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for HYXF and IBND.
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Drawdown Indicators
| HYXF | IBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -35.62% | +16.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -6.75% | +4.18% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -9.18% | +4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | -34.32% | +18.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.62% | — |
Current DrawdownCurrent decline from peak | -0.27% | -9.45% | +9.18% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -10.64% | +8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.46% | -1.89% |
Volatility
HYXF vs. IBND - Volatility Comparison
The current volatility for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) is 1.15%, while SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a volatility of 2.04%. This indicates that HYXF experiences smaller price fluctuations and is considered to be less risky than IBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYXF | IBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 2.04% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 6.15% | -3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 7.97% | -4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 9.74% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.32% | 8.94% | -0.62% |
HYXF vs. IBND - Expense Ratio Comparison
HYXF has a 0.35% expense ratio, which is lower than IBND's 0.50% expense ratio.
Dividends
HYXF vs. IBND - Dividend Comparison
HYXF's dividend yield for the trailing twelve months is around 6.09%, more than IBND's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.74% | 2.49% | 2.61% | 2.08% | 0.54% | 0.38% | 0.45% | 0.67% | 0.71% | 0.34% | 0.01% | 0.01% |
Frequently Asked Questions
HYXF and IBND have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBND has higher volatility (2.04%) compared to HYXF (1.15%). In terms of maximum drawdown, HYXF dropped -18.75% vs IBND's -35.62%.
On 5-year performance, HYXF leads with 3.66% vs -1.50% for IBND. On fees, HYXF is cheaper at 0.35% per year. On volatility, HYXF has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HYXF has performed better with a 3.66% return vs -1.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYXF is cheaper with a 0.35% expense ratio, compared with 0.50% for IBND.
HYXF has the higher dividend yield at 6.09%, compared with 2.74% for IBND.
HYXF is categorized as High Yield Bonds, while IBND is Corporate Bonds. HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while IBND tracks Bloomberg Global Aggregate x USD >$1B: Corporate Bond. They also come from different issuers: iShares and State Street. Their fees differ too: 0.35% for HYXF and 0.50% for IBND.
HYXF currently has the higher Sharpe Ratio (1.56 vs 0.36), 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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