HYXU vs. FTSL
Compare and contrast key facts about iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU) and First Trust Senior Loan Fund (FTSL).
HYXU and FTSL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYXU is a passively managed fund by iShares that tracks the performance of the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. It was launched on Apr 3, 2012. FTSL is an actively managed fund by First Trust. It was launched on May 1, 2013.
Performance
HYXU vs. FTSL - Performance Comparison
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HYXU vs. FTSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF | -0.44% | 17.41% | -0.55% | 16.06% | -15.59% | -3.78% | 10.69% | 8.60% | -7.71% | 19.68% |
FTSL First Trust Senior Loan Fund | -0.69% | 5.98% | 8.27% | 11.58% | -2.50% | 3.94% | 2.99% | 10.11% | -1.30% | 2.59% |
Returns By Period
In the year-to-date period, HYXU achieves a -0.44% return, which is significantly higher than FTSL's -0.69% return. Over the past 10 years, HYXU has underperformed FTSL with an annualized return of 3.56%, while FTSL has yielded a comparatively higher 4.50% annualized return.
HYXU
- 1D
- 0.53%
- 1M
- -1.09%
- YTD
- -0.44%
- 6M
- -1.19%
- 1Y
- 12.04%
- 3Y*
- 8.98%
- 5Y*
- 2.17%
- 10Y*
- 3.56%
FTSL
- 1D
- 0.11%
- 1M
- 1.04%
- YTD
- -0.69%
- 6M
- 0.98%
- 1Y
- 4.82%
- 3Y*
- 7.14%
- 5Y*
- 4.89%
- 10Y*
- 4.50%
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HYXU vs. FTSL - Expense Ratio Comparison
HYXU has a 0.35% expense ratio, which is lower than FTSL's 0.86% expense ratio.
Return for Risk
HYXU vs. FTSL — Risk / Return Rank
HYXU
FTSL
HYXU vs. FTSL - 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 First Trust Senior Loan Fund (FTSL). 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.
| HYXU | FTSL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 1.56 | +0.16 |
Sortino ratioReturn per unit of downside risk | 2.51 | 2.05 | +0.47 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.42 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 3.32 | 2.06 | +1.26 |
Martin ratioReturn relative to average drawdown | 7.85 | 7.37 | +0.48 |
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
| HYXU | FTSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.56 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 1.46 | -1.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.87 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.83 | -0.50 |
Correlation
The correlation between HYXU and FTSL is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HYXU vs. FTSL - Dividend Comparison
HYXU's dividend yield for the trailing twelve months is around 4.59%, less than FTSL's 6.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF | 4.59% | 3.56% | 5.11% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.70% | 3.24% |
FTSL First Trust Senior Loan Fund | 6.58% | 6.59% | 7.56% | 7.59% | 4.77% | 3.17% | 3.48% | 4.44% | 4.29% | 3.64% | 3.70% | 3.95% |
Drawdowns
HYXU vs. FTSL - Drawdown Comparison
The maximum HYXU drawdown since its inception was -32.45%, which is greater than FTSL's maximum drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for HYXU and FTSL.
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Drawdown Indicators
| HYXU | FTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -22.67% | -9.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.50% | -2.33% | -1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -32.45% | -6.96% | -25.49% |
Max Drawdown (10Y)Largest decline over 10 years | -32.45% | -22.67% | -9.78% |
Current DrawdownCurrent decline from peak | -2.07% | -1.13% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -8.68% | -0.77% | -7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 0.65% | +0.83% |
Volatility
HYXU vs. FTSL - Volatility Comparison
iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU) has a higher volatility of 2.09% compared to First Trust Senior Loan Fund (FTSL) at 1.36%. This indicates that HYXU's price experiences larger fluctuations and is considered to be riskier than FTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYXU | FTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 1.36% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 1.91% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.06% | 3.11% | +3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.06% | 3.36% | +6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.54% | 5.19% | +5.35% |