HYXU vs. IBHD
Compare and contrast key facts about iShares International High Yield Bond ETF (HYXU) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD).
HYXU and IBHD 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 Markit iBoxx Global Developed Markets ex-US High Yield Index. It was launched on Apr 3, 2012. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019. Both HYXU and IBHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYXU or IBHD.
Key characteristics
| HYXU | IBHD | |
|---|---|---|
| YTD Return | 3.11% | 5.24% |
| 1Y Return | 11.99% | 7.10% |
| 3Y Return (Ann) | -0.19% | 3.91% |
| 5Y Return (Ann) | 2.17% | 4.04% |
| Sharpe Ratio | 1.57 | 4.18 |
| Sortino Ratio | 2.35 | 6.54 |
| Omega Ratio | 1.28 | 2.06 |
| Calmar Ratio | 0.77 | 14.08 |
| Martin Ratio | 6.36 | 80.13 |
| Ulcer Index | 1.92% | 0.09% |
| Daily Std Dev | 7.80% | 1.73% |
| Max Drawdown | -32.45% | -20.11% |
| Current Drawdown | -5.06% | 0.00% |
Correlation
The correlation between HYXU and IBHD is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HYXU vs. IBHD - Performance Comparison
In the year-to-date period, HYXU achieves a 3.11% return, which is significantly lower than IBHD's 5.24% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HYXU vs. IBHD - Expense Ratio Comparison
HYXU has a 0.40% expense ratio, which is higher than IBHD's 0.35% expense ratio.
Risk-Adjusted Performance
HYXU vs. IBHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International High Yield Bond ETF (HYXU) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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.
Dividends
HYXU vs. IBHD - Dividend Comparison
HYXU's dividend yield for the trailing twelve months is around 3.28%, less than IBHD's 6.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYXU iShares International High Yield Bond ETF | 3.28% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.50% | 3.25% | 4.55% | 5.02% |
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 6.27% | 6.90% | 4.91% | 4.43% | 5.50% | 3.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYXU vs. IBHD - Drawdown Comparison
The maximum HYXU drawdown since its inception was -32.45%, which is greater than IBHD's maximum drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for HYXU and IBHD. For additional features, visit the drawdowns tool.
Volatility
HYXU vs. IBHD - Volatility Comparison
iShares International High Yield Bond ETF (HYXU) has a higher volatility of 2.13% compared to iShares iBonds 2024 Term High Yield & Income ETF (IBHD) at 0.25%. This indicates that HYXU's price experiences larger fluctuations and is considered to be riskier than IBHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.