PBBBX vs. XB
PBBBX (PIA BBB Bond Fund) and XB (BondBloxx B Rated USD High Yield Corporate Bond ETF) are both funds - PBBBX is a Corporate Bonds fund managed by PIA Mutual Funds, while XB is a High Yield Bonds fund tracking the ICE BofA Single-B US Cash Pay High Yield Constrained Index. Over the past 3 years, PBBBX returned 4.88%/yr vs 8.07%/yr for XB. Their 0.53 correlation means they have sometimes moved together and sometimes differently. PBBBX charges 0.15%/yr vs 0.30%/yr for XB.
Performance
PBBBX vs. XB - Performance Comparison
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Returns By Period
In the year-to-date period, PBBBX achieves a -1.58% return, which is significantly lower than XB's 2.43% return.
PBBBX
- 1D
- -0.36%
- 1M
- -1.71%
- 6M
- -1.75%
- YTD
- -1.58%
- 1Y
- 1.19%
- 3Y*
- 4.88%
- 5Y*
- -0.33%
- 10Y*
- 2.45%
- ALL TIME*
- 4.10%
XB
- 1D
- 0.36%
- 1M
- -0.20%
- 6M
- 1.69%
- YTD
- 2.43%
- 1Y
- 5.88%
- 3Y*
- 8.07%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
PBBBX PIA BBB Bond Fund | $0.00 | $0.00 | $0.00 |
| $259.75K | $173.12K | $472.96K |
PBBBX vs. XB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PBBBX PIA BBB Bond Fund | -1.58% | 8.14% | 2.41% | 9.19% | -4.06% |
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 2.43% | 7.81% | 7.41% | 12.94% | -2.91% |
Correlation
The correlation between PBBBX and XB is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 26, 2022 | 0.53 |
The correlation between PBBBX and XB has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.
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Return for Risk
PBBBX vs. XB — Risk / Return Rank
PBBBX
XB
PBBBX vs. XB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIA BBB Bond Fund (PBBBX) and BondBloxx B Rated USD High Yield Corporate Bond ETF (XB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PBBBX | XB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.30 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 2.74 | -2.16 |
| Martin ratioReturn relative to average drawdown | 1.48 | 11.52 | -10.04 |
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Drawdowns
PBBBX vs. XB - Drawdown Comparison
The maximum PBBBX drawdown since its inception was -23.00%, which is greater than XB's maximum drawdown of -9.25%. Use the drawdown chart below to compare losses from any high point for PBBBX and XB.
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Drawdown Indicators
| PBBBX | XB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.00% | -9.25% | -13.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -2.16% | -1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -5.26% | -5.36% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -22.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.00% | — | — |
Current DrawdownCurrent decline from peak | -3.17% | -0.20% | -2.97% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -1.28% | -2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 0.51% | +0.78% |
Volatility
PBBBX vs. XB - Volatility Comparison
PIA BBB Bond Fund (PBBBX) has a higher volatility of 1.01% compared to BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) at 0.91%. This indicates that PBBBX's price experiences larger fluctuations and is considered to be riskier than XB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBBBX | XB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 0.91% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 3.16% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.08% | 3.84% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.67% | 7.35% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.03% | 7.35% | -1.32% |
PBBBX vs. XB - Expense Ratio Comparison
PBBBX has a 0.15% expense ratio, which is lower than XB's 0.30% expense ratio.
Dividends
PBBBX vs. XB - Dividend Comparison
PBBBX's dividend yield for the trailing twelve months is around 3.53%, less than XB's 7.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBBBX PIA BBB Bond Fund | 3.53% | 4.02% | 3.82% | 3.57% | 3.24% | 2.85% | 3.16% | 3.78% | 4.20% | 3.75% | 3.95% | 4.12% |
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 7.00% | 6.96% | 7.74% | 7.87% | 5.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PBBBX and XB have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PBBBX has higher volatility (1.01%) compared to XB (0.91%). In terms of maximum drawdown, PBBBX dropped -23.00% vs XB's -9.25%.
XB currently has the higher Sharpe Ratio (1.54 vs 0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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