HYXU vs. PHYD

Last updated Jun 5, 2026

HYXU (iShares Euro High Yield Corporate Bond USD Hedged ETF) and PHYD (Putnam ESG High Yield ETF -) are both High Yield Bonds funds. HYXU is passively managed, while PHYD is actively managed. HYXU charges 0.35%/yr vs 0.55%/yr for PHYD.

Performance

HYXU vs. PHYD - 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 Putnam ESG High Yield ETF - (PHYD). 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*: —

PHYD

• 1D: 0.32%
• 1M: -0.14%
• YTD: 2.49%
• 6M: 3.00%
• 1Y: 7.97%
• 3Y*: 8.82%
• 5Y*: —
• 10Y*: —

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

HYXU vs. PHYD - Yearly Performance Comparison

	2026 (YTD)
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%
PHYD Putnam ESG High Yield ETF -	-0.49%

HYXU vs. PHYD - Sectors Allocation Comparison

Sectors	HYXU	PHYD
Communication Services	100.0%	-
Basic Materials	-	-
Consumer Cyclical	-	0.2%
Consumer Defensive	-	0.5%
Energy	-	0.3%
Financial Services	-	-
Healthcare	-	0.7%
Industrials	-	0.7%
Real Estate	-	0.1%
Technology	-	0.8%
Utilities	-	0.7%

Return for Risk

HYXU vs. PHYD — Risk / Return Rank

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

PHYD

PHYD Risk / Return Rank: 80
PHYD Sharpe Ratio Rank: 75
PHYD Sortino Ratio Rank: 85
PHYD Omega Ratio Rank: 82
PHYD Calmar Ratio Rank: 77
PHYD Martin Ratio Rank: 81

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. PHYD - 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 Putnam ESG High Yield ETF - (PHYD). 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	PHYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.74	—

Drawdowns

HYXU vs. PHYD - Drawdown Comparison

The maximum HYXU drawdown since its inception was 0.00%, smaller than the maximum PHYD drawdown of -4.33%. Use the drawdown chart below to compare losses from any high point for HYXU and PHYD.

Drawdown Indicators

	HYXU	PHYD	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-4.33%	+4.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.14%	—
Current Drawdown Current decline from peak	0.00%	-0.62%	+0.62%
Average Drawdown Average peak-to-trough decline	0.00%	-0.62%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.51%	—

Volatility

Volatility by Period

	HYXU	PHYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	3.35%	-3.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	4.59%	-4.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	4.59%	-4.59%

HYXU vs. PHYD - Expense Ratio Comparison

HYXU has a 0.35% expense ratio, which is lower than PHYD's 0.55% expense ratio.

Dividends

HYXU vs. PHYD - Dividend Comparison

HYXU has not paid dividends to shareholders, while PHYD's dividend yield for the trailing twelve months is around 9.02%.

Position	TTM	2025	2024	2023
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%	0.00%	0.00%	0.00%
PHYD Putnam ESG High Yield ETF -	9.02%	6.63%	6.80%	6.15%

Frequently Asked Questions

Which ETF is better, HYXU or PHYD?

On fees, HYXU is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYXU or PHYD?

HYXU is cheaper with a 0.35% expense ratio, compared with 0.55% for PHYD.

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

PHYD has the higher dividend yield at 9.02%, compared with 0.00% for HYXU.

What is the main difference between HYXU and PHYD?

They also come from different issuers: iShares and Putnam. Their fees differ too: 0.35% for HYXU and 0.55% for PHYD.