HYXU vs. BKHY

Last updated Jun 4, 2026

HYXU (iShares Euro High Yield Corporate Bond USD Hedged ETF) and BKHY (BNY Mellon High Yield Beta ETF) are both High Yield Bonds funds - HYXU tracks the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index while BKHY tracks the Bloomberg US Corporate High Yield Index. Both are passively managed. HYXU charges 0.35%/yr vs 0.22%/yr for BKHY.

Performance

HYXU vs. BKHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU) and BNY Mellon High Yield Beta ETF (BKHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYXU

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKHY

• 1D: -0.26%
• 1M: 0.52%
• YTD: 1.73%
• 6M: 1.94%
• 1Y: 7.29%
• 3Y*: 8.83%
• 5Y*: 4.17%
• 10Y*: —

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

HYXU vs. BKHY - Yearly Performance Comparison

	2026 (YTD)
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%
BKHY BNY Mellon High Yield Beta ETF	-0.03%

Return for Risk

HYXU vs. BKHY — Risk / Return Rank

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

BKHY

BKHY Risk / Return Rank: 63
BKHY Sharpe Ratio Rank: 58
BKHY Sortino Ratio Rank: 64
BKHY Omega Ratio Rank: 65
BKHY Calmar Ratio Rank: 58
BKHY Martin Ratio Rank: 71

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.

HYXU vs. BKHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU) and BNY Mellon High Yield Beta ETF (BKHY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HYXU	BKHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.98	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.90	—

Drawdowns

HYXU vs. BKHY - Drawdown Comparison

The maximum HYXU drawdown since its inception was 0.00%, smaller than the maximum BKHY drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for HYXU and BKHY.

Drawdown Indicators

	HYXU	BKHY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-15.89%	+15.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.53%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.89%	—
Current Drawdown Current decline from peak	0.00%	-0.26%	+0.26%
Average Drawdown Average peak-to-trough decline	0.00%	-2.97%	+2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.55%	—

Volatility

Volatility by Period

	HYXU	BKHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	3.69%	-3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	7.58%	-7.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	7.37%	-7.37%

HYXU vs. BKHY - Expense Ratio Comparison

HYXU has a 0.35% expense ratio, which is higher than BKHY's 0.22% expense ratio.

Dividends

HYXU vs. BKHY - Dividend Comparison

HYXU has not paid dividends to shareholders, while BKHY's dividend yield for the trailing twelve months is around 7.46%.

Position	TTM	2025	2024	2023	2022	2021	2020
BKHY BNY Mellon High Yield Beta ETF	7.46%	7.33%	7.34%	8.67%	6.59%	6.78%	4.65%
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, HYXU or BKHY?

On fees, BKHY is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYXU or BKHY?

BKHY is cheaper with a 0.22% expense ratio, compared with 0.35% for HYXU.

Which ETF pays a higher dividend yield, HYXU or BKHY?

BKHY has the higher dividend yield at 7.46%, compared with 0.00% for HYXU.

What is the main difference between HYXU and BKHY?

HYXU tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index, while BKHY tracks Bloomberg US Corporate High Yield Index. They also come from different issuers: iShares and BNY Mellon. Their fees differ too: 0.35% for HYXU and 0.22% for BKHY.