XB vs. ^GSPC
XB (BondBloxx B Rated USD High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the ICE BofA Single-B US Cash Pay High Yield Constrained Index, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, XB returned 7.92%/yr vs 17.86%/yr for ^GSPC. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
XB vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, XB achieves a 2.42% return, which is significantly lower than ^GSPC's 8.94% return.
XB
- 1D
- -0.08%
- 1M
- 0.34%
- 6M
- 1.80%
- YTD
- 2.42%
- 1Y
- 6.15%
- 3Y*
- 7.92%
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- -1.01%
- 1M
- 0.51%
- 6M
- 7.46%
- YTD
- 8.94%
- 1Y
- 18.43%
- 3Y*
- 17.86%
- 5Y*
- 11.50%
- 10Y*
- 13.17%
XB vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 2.42% | 7.81% | 7.41% | 12.94% | -2.91% |
^GSPC S&P 500 Index | 8.94% | 16.39% | 23.31% | 24.23% | -3.50% |
Correlation
The correlation between XB and ^GSPC is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 26, 2022 | 0.69 |
The correlation between XB and ^GSPC has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.
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Return for Risk
XB vs. ^GSPC — Risk / Return Rank
XB
^GSPC
XB vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) and S&P 500 Index (^GSPC). 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.
| XB | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.27 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 2.03 | +0.83 |
| Martin ratioReturn relative to average drawdown | 12.40 | 8.80 | +3.59 |
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Drawdowns
XB vs. ^GSPC - Drawdown Comparison
The maximum XB drawdown since its inception was -9.25%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for XB and ^GSPC.
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Drawdown Indicators
| XB | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.25% | -56.78% | +47.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | -9.10% | +6.94% |
Max Drawdown (3Y)Largest decline over 3 years | -5.36% | -18.90% | +13.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.21% | -2.00% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -1.29% | -10.70% | +9.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 2.10% | -1.60% |
Volatility
XB vs. ^GSPC - Volatility Comparison
The current volatility for BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) is 0.86%, while S&P 500 Index (^GSPC) has a volatility of 3.36%. This indicates that XB experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XB | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 3.36% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 10.04% | -6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 12.60% | -8.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.38% | 17.00% | -9.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.38% | 18.05% | -10.67% |
Frequently Asked Questions
XB and ^GSPC have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^GSPC has higher volatility (3.36%) compared to XB (0.86%). In terms of maximum drawdown, XB dropped -9.25% vs ^GSPC's -56.78%.
XB currently has the higher Sharpe Ratio (1.63 vs 1.47), 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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