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HYXU vs. PICB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HYXU and PICB is 0.20, 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.


-0.50.00.51.0
Correlation: 0.2

Performance

HYXU vs. PICB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International High Yield Bond ETF (HYXU) and Invesco International Corporate Bond ETF (PICB). The values are adjusted to include any dividend payments, if applicable.

0.00%10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
51.83%
10.58%
HYXU
PICB

Key characteristics

Sharpe Ratio

HYXU:

1.68

PICB:

1.30

Sortino Ratio

HYXU:

2.54

PICB:

2.02

Omega Ratio

HYXU:

1.30

PICB:

1.24

Calmar Ratio

HYXU:

1.27

PICB:

0.45

Martin Ratio

HYXU:

4.49

PICB:

2.69

Ulcer Index

HYXU:

3.13%

PICB:

4.01%

Daily Std Dev

HYXU:

8.34%

PICB:

8.32%

Max Drawdown

HYXU:

-32.45%

PICB:

-37.10%

Current Drawdown

HYXU:

0.00%

PICB:

-14.98%

Returns By Period

In the year-to-date period, HYXU achieves a 10.67% return, which is significantly higher than PICB's 9.56% return. Over the past 10 years, HYXU has outperformed PICB with an annualized return of 3.28%, while PICB has yielded a comparatively lower 0.51% annualized return.


HYXU

YTD

10.67%

1M

5.35%

6M

6.79%

1Y

13.38%

5Y*

5.79%

10Y*

3.28%

PICB

YTD

9.56%

1M

5.71%

6M

4.81%

1Y

10.68%

5Y*

0.27%

10Y*

0.51%

*Annualized

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HYXU vs. PICB - Expense Ratio Comparison

HYXU has a 0.40% expense ratio, which is lower than PICB's 0.50% expense ratio.


Expense ratio chart for PICB: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PICB: 0.50%
Expense ratio chart for HYXU: current value is 0.40%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HYXU: 0.40%

Risk-Adjusted Performance

HYXU vs. PICB — Risk-Adjusted Performance Rank

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

HYXU
The Risk-Adjusted Performance Rank of HYXU is 8989
Overall Rank
The Sharpe Ratio Rank of HYXU is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of HYXU is 9393
Sortino Ratio Rank
The Omega Ratio Rank of HYXU is 9090
Omega Ratio Rank
The Calmar Ratio Rank of HYXU is 8787
Calmar Ratio Rank
The Martin Ratio Rank of HYXU is 8383
Martin Ratio Rank

PICB
The Risk-Adjusted Performance Rank of PICB is 7878
Overall Rank
The Sharpe Ratio Rank of PICB is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of PICB is 8989
Sortino Ratio Rank
The Omega Ratio Rank of PICB is 8585
Omega Ratio Rank
The Calmar Ratio Rank of PICB is 5959
Calmar Ratio Rank
The Martin Ratio Rank of PICB is 7070
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HYXU vs. PICB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International High Yield Bond ETF (HYXU) and Invesco International Corporate Bond ETF (PICB). 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.


The chart of Sharpe ratio for HYXU, currently valued at 1.68, compared to the broader market-1.000.001.002.003.004.00
HYXU: 1.68
PICB: 1.30
The chart of Sortino ratio for HYXU, currently valued at 2.54, compared to the broader market-2.000.002.004.006.008.00
HYXU: 2.54
PICB: 2.02
The chart of Omega ratio for HYXU, currently valued at 1.30, compared to the broader market0.501.001.502.00
HYXU: 1.30
PICB: 1.24
The chart of Calmar ratio for HYXU, currently valued at 1.27, compared to the broader market0.002.004.006.008.0010.0012.00
HYXU: 1.27
PICB: 0.45
The chart of Martin ratio for HYXU, currently valued at 4.49, compared to the broader market0.0020.0040.0060.00
HYXU: 4.49
PICB: 2.69

The current HYXU Sharpe Ratio is 1.68, which is comparable to the PICB Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of HYXU and PICB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
1.68
1.30
HYXU
PICB

Dividends

HYXU vs. PICB - Dividend Comparison

HYXU's dividend yield for the trailing twelve months is around 4.62%, more than PICB's 2.97% yield.


TTM20242023202220212020201920182017201620152014
HYXU
iShares International High Yield Bond ETF
4.62%5.11%3.38%0.61%3.07%1.45%1.19%4.01%0.69%1.50%3.25%4.55%
PICB
Invesco International Corporate Bond ETF
2.97%3.19%2.24%1.64%1.34%1.22%1.42%1.70%1.47%2.20%2.39%2.64%

Drawdowns

HYXU vs. PICB - Drawdown Comparison

The maximum HYXU drawdown since its inception was -32.45%, smaller than the maximum PICB drawdown of -37.10%. Use the drawdown chart below to compare losses from any high point for HYXU and PICB. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril0
-14.98%
HYXU
PICB

Volatility

HYXU vs. PICB - Volatility Comparison

iShares International High Yield Bond ETF (HYXU) and Invesco International Corporate Bond ETF (PICB) have volatilities of 4.00% and 4.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


1.50%2.00%2.50%3.00%3.50%4.00%NovemberDecember2025FebruaryMarchApril
4.00%
4.04%
HYXU
PICB