USXF vs. HYXF
USXF (iShares ESG Advanced MSCI USA ETF) and HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) are both exchange-traded funds - USXF is a Large Cap Growth Equities fund tracking the MSCI USA Choice ESG Screened Index, while HYXF is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Corporate Choice ESG Screened. Both are passively managed. Over the past 5 years, USXF returned 15.64%/yr vs 3.71%/yr for HYXF. A 0.64 correlation means they provide meaningful diversification when combined. USXF charges 0.10%/yr vs 0.35%/yr for HYXF.
Performance
USXF vs. HYXF - Performance Comparison
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Returns By Period
In the year-to-date period, USXF achieves a 20.37% return, which is significantly higher than HYXF's 1.34% return.
USXF
- 1D
- 2.44%
- 1M
- 5.10%
- YTD
- 20.37%
- 6M
- 21.61%
- 1Y
- 36.09%
- 3Y*
- 25.87%
- 5Y*
- 15.64%
- 10Y*
- —
HYXF
- 1D
- 0.29%
- 1M
- 1.24%
- YTD
- 1.34%
- 6M
- 1.95%
- 1Y
- 6.13%
- 3Y*
- 8.59%
- 5Y*
- 3.71%
- 10Y*
- 5.12%
USXF vs. HYXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
USXF iShares ESG Advanced MSCI USA ETF | 20.37% | 16.97% | 26.16% | 31.65% | -21.20% | 27.14% | 23.07% |
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 1.34% | 8.88% | 8.35% | 11.87% | -11.90% | 2.60% | 7.98% |
Correlation
The correlation between USXF and HYXF is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2020 | 0.64 |
The correlation between USXF and HYXF has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
USXF vs. HYXF — Risk / Return Rank
USXF
HYXF
USXF vs. HYXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI USA ETF (USXF) and iShares ESG Advanced High Yield Corporate Bond ETF (HYXF). 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.
| USXF | HYXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.30 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 2.40 | +1.16 |
| Martin ratioReturn relative to average drawdown | 13.71 | 10.72 | +2.99 |
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Drawdowns
USXF vs. HYXF - Drawdown Comparison
The maximum USXF drawdown since its inception was -29.54%, which is greater than HYXF's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for USXF and HYXF.
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Drawdown Indicators
| USXF | HYXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.54% | -18.75% | -10.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -2.57% | -7.62% |
Max Drawdown (3Y)Largest decline over 3 years | -20.93% | -4.81% | -16.12% |
Max Drawdown (5Y)Largest decline over 5 years | -29.54% | -16.00% | -13.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.75% | — |
Current DrawdownCurrent decline from peak | -0.83% | 0.00% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -6.40% | -2.57% | -3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 0.57% | +2.07% |
Volatility
USXF vs. HYXF - Volatility Comparison
iShares ESG Advanced MSCI USA ETF (USXF) has a higher volatility of 7.98% compared to iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) at 1.29%. This indicates that USXF's price experiences larger fluctuations and is considered to be riskier than HYXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USXF | HYXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.98% | 1.29% | +6.69% |
Volatility (6M)Calculated over the trailing 6-month period | 14.39% | 3.01% | +11.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 3.83% | +13.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.76% | 8.05% | +11.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.31% | 8.31% | +11.00% |
USXF vs. HYXF - Expense Ratio Comparison
USXF has a 0.10% expense ratio, which is lower than HYXF's 0.35% expense ratio.
Dividends
USXF vs. HYXF - Dividend Comparison
USXF's dividend yield for the trailing twelve months is around 0.98%, less than HYXF's 6.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.07% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% |
USXF iShares ESG Advanced MSCI USA ETF | 0.98% | 0.93% | 1.00% | 1.21% | 1.39% | 0.86% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USXF and HYXF have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USXF has higher volatility (7.98%) compared to HYXF (1.29%). In terms of maximum drawdown, USXF dropped -29.54% vs HYXF's -18.75%.
On 5-year performance, USXF leads with 15.64% vs 3.71% for HYXF. On fees, USXF is cheaper at 0.10% per year. On volatility, HYXF has been the lower-risk option at 1.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USXF has performed better with a 15.64% return vs 3.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USXF is cheaper with a 0.10% expense ratio, compared with 0.35% for HYXF.
HYXF has the higher dividend yield at 6.07%, compared with 0.98% for USXF.
USXF is categorized as Large Cap Growth Equities, while HYXF is High Yield Bonds. USXF tracks MSCI USA Choice ESG Screened Index, while HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened. Their fees differ too: 0.10% for USXF and 0.35% for HYXF.
USXF currently has the higher Sharpe Ratio (2.10 vs 1.61), 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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