USHY vs. XBB
Compare and contrast key facts about iShares Broad USD High Yield Corporate Bond ETF (USHY) and BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB).
USHY and XBB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017. XBB is a passively managed fund by BondBloxx that tracks the performance of the ICE BofA BB US Cash Pay High Yield Constrained Index. It was launched on May 24, 2022. Both USHY and XBB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
USHY vs. XBB - Performance Comparison
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USHY vs. XBB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
USHY iShares Broad USD High Yield Corporate Bond ETF | 0.14% | 8.81% | 8.45% | 12.73% | -3.94% |
XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 0.02% | 8.59% | 6.41% | 10.63% | -3.77% |
Returns By Period
In the year-to-date period, USHY achieves a 0.14% return, which is significantly higher than XBB's 0.02% return.
USHY
- 1D
- 0.19%
- 1M
- -0.24%
- YTD
- 0.14%
- 6M
- 1.28%
- 1Y
- 7.26%
- 3Y*
- 8.52%
- 5Y*
- 4.25%
- 10Y*
- —
XBB
- 1D
- 0.28%
- 1M
- -0.91%
- YTD
- 0.02%
- 6M
- 1.10%
- 1Y
- 6.68%
- 3Y*
- 7.13%
- 5Y*
- —
- 10Y*
- —
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USHY vs. XBB - Expense Ratio Comparison
USHY has a 0.15% expense ratio, which is lower than XBB's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
USHY vs. XBB — Risk / Return Rank
USHY
XBB
USHY vs. XBB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond ETF (USHY) and BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB). 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.
| USHY | XBB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 1.33 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.94 | 1.93 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.28 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.84 | +0.07 |
Martin ratioReturn relative to average drawdown | 9.61 | 7.81 | +1.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USHY | XBB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.33 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.77 | -0.21 |
Correlation
The correlation between USHY and XBB is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
USHY vs. XBB - Dividend Comparison
USHY's dividend yield for the trailing twelve months is around 6.93%, more than XBB's 5.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.93% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% |
XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 5.66% | 5.42% | 6.35% | 6.15% | 3.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
USHY vs. XBB - Drawdown Comparison
The maximum USHY drawdown since its inception was -22.44%, which is greater than XBB's maximum drawdown of -8.87%. Use the drawdown chart below to compare losses from any high point for USHY and XBB.
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Drawdown Indicators
| USHY | XBB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.44% | -8.87% | -13.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -3.51% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -1.41% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -1.37% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.83% | -0.05% |
Volatility
USHY vs. XBB - Volatility Comparison
iShares Broad USD High Yield Corporate Bond ETF (USHY) has a higher volatility of 2.19% compared to BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) at 1.95%. This indicates that USHY's price experiences larger fluctuations and is considered to be riskier than XBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USHY | XBB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 1.95% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 3.16% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.52% | 5.04% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.32% | 7.20% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.32% | 7.20% | +1.12% |