IBND vs. HYXU

Last updated Jun 4, 2026

IBND (SPDR Bloomberg Barclays International Corporate Bond ETF) and HYXU (iShares Euro High Yield Corporate Bond USD Hedged ETF) are both exchange-traded funds - IBND is a Corporate Bonds fund tracking the Bloomberg Global Aggregate x USD >$1B: Corporate Bond, while HYXU is a High Yield Bonds fund tracking the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. Both are passively managed. IBND charges 0.50%/yr vs 0.35%/yr for HYXU.

Performance

IBND vs. HYXU - Performance Comparison

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

Returns By Period

IBND

• 1D: -0.44%
• 1M: -0.01%
• YTD: -1.08%
• 6M: -0.51%
• 1Y: 2.86%
• 3Y*: 6.69%
• 5Y*: -1.50%
• 10Y*: 0.65%

HYXU

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

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

IBND vs. HYXU - Yearly Performance Comparison

	2026 (YTD)
IBND SPDR Bloomberg Barclays International Corporate Bond ETF	-0.77%
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%

Return for Risk

IBND vs. HYXU — Risk / Return Rank

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

IBND

IBND Risk / Return Rank: 13
IBND Sharpe Ratio Rank: 14
IBND Sortino Ratio Rank: 13
IBND Omega Ratio Rank: 13
IBND Calmar Ratio Rank: 14
IBND Martin Ratio Rank: 14

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.

IBND vs. HYXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) and iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU). 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.

	IBND	HYXU	Difference
Sharpe ratio: Return per unit of total volatility	0.36	—	—
Sortino ratio: Return per unit of downside risk	0.58	—	—
Omega ratio: Gain probability vs. loss probability	1.07	—	—
Calmar ratio: Return relative to maximum drawdown	0.42	—	—
Martin ratio: Return relative to average drawdown	1.16	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBND	HYXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	—	—

Drawdowns

IBND vs. HYXU - Drawdown Comparison

The maximum IBND drawdown since its inception was -35.62%, which is greater than HYXU's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IBND and HYXU.

Drawdown Indicators

	IBND	HYXU	Difference
Max Drawdown Largest peak-to-trough decline	-35.62%	0.00%	-35.62%
Max Drawdown (1Y) Largest decline over 1 year	-6.75%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.32%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.62%	—	—
Current Drawdown Current decline from peak	-9.45%	0.00%	-9.45%
Average Drawdown Average peak-to-trough decline	-10.64%	0.00%	-10.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	—	—

Volatility

Volatility by Period

	IBND	HYXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.97%	0.00%	+7.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.74%	0.00%	+9.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.94%	0.00%	+8.94%

IBND vs. HYXU - Expense Ratio Comparison

IBND has a 0.50% expense ratio, which is higher than HYXU's 0.35% expense ratio.

Dividends

IBND vs. HYXU - Dividend Comparison

IBND's dividend yield for the trailing twelve months is around 2.74%, while HYXU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IBND SPDR Bloomberg Barclays International Corporate Bond ETF	2.74%	2.49%	2.61%	2.08%	0.54%	0.38%	0.45%	0.67%	0.71%	0.34%	0.01%	0.01%

Frequently Asked Questions

Which ETF is better, IBND or HYXU?

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, IBND or HYXU?

HYXU is cheaper with a 0.35% expense ratio, compared with 0.50% for IBND.

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

IBND has the higher dividend yield at 2.74%, compared with 0.00% for HYXU.

What is the main difference between IBND and HYXU?

IBND is categorized as Corporate Bonds, while HYXU is High Yield Bonds. IBND tracks Bloomberg Global Aggregate x USD >$1B: Corporate Bond, while HYXU tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.50% for IBND and 0.35% for HYXU.