XB vs. BP
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 BP (BP p.l.c.) is a stock. Over the past 3 years, XB returned 8.63%/yr vs 8.77%/yr for BP. At a 0.18 correlation, their price movements are largely independent.
Performance
XB vs. BP - Performance Comparison
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Returns By Period
In the year-to-date period, XB achieves a 2.52% return, which is significantly lower than BP's 13.90% return.
XB
- 1D
- -0.11%
- 1M
- 0.82%
- 6M
- 2.21%
- YTD
- 2.52%
- 1Y
- 6.20%
- 3Y*
- 8.63%
- 5Y*
- —
- 10Y*
- —
BP
- 1D
- 3.26%
- 1M
- -10.15%
- 6M
- 15.13%
- YTD
- 13.90%
- 1Y
- 34.52%
- 3Y*
- 8.77%
- 5Y*
- 14.14%
- 10Y*
- 6.63%
XB vs. BP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 2.52% | 7.81% | 7.41% | 12.94% | -2.91% |
BP BP p.l.c. | 13.90% | 24.54% | -11.84% | 6.00% | 10.37% |
Correlation
The correlation between XB and BP is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 26, 2022 | 0.18 |
The correlation between XB and BP shifts across timeframes, from -0.10 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XB vs. BP — Risk / Return Rank
XB
BP
XB vs. BP - 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 BP p.l.c. (BP). 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 | BP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.22 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 1.49 | +1.40 |
| Martin ratioReturn relative to average drawdown | 12.54 | 5.66 | +6.88 |
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Drawdowns
XB vs. BP - Drawdown Comparison
The maximum XB drawdown since its inception was -9.25%, smaller than the maximum BP drawdown of -74.94%. Use the drawdown chart below to compare losses from any high point for XB and BP.
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Drawdown Indicators
| XB | BP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.25% | -74.94% | +65.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | -23.23% | +21.07% |
Max Drawdown (3Y)Largest decline over 3 years | -5.36% | -30.63% | +25.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.91% | — |
Current DrawdownCurrent decline from peak | -0.12% | -18.01% | +17.89% |
Average DrawdownAverage peak-to-trough decline | -1.29% | -25.25% | +23.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 6.11% | -5.61% |
Volatility
XB vs. BP - Volatility Comparison
The current volatility for BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) is 0.97%, while BP p.l.c. (BP) has a volatility of 9.13%. This indicates that XB experiences smaller price fluctuations and is considered to be less risky than BP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XB | BP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 9.13% | -8.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 22.52% | -19.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 27.43% | -23.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.41% | 28.63% | -21.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.41% | 31.22% | -23.81% |
Dividends
XB vs. BP - Dividend Comparison
XB's dividend yield for the trailing twelve months is around 7.01%, more than BP's 5.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BP BP p.l.c. | 5.17% | 5.64% | 6.20% | 4.71% | 3.94% | 4.83% | 9.21% | 6.52% | 6.41% | 5.66% | 6.37% | 7.63% |
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 7.01% | 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
XB and BP have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BP has higher volatility (9.13%) compared to XB (0.97%). In terms of maximum drawdown, XB dropped -9.25% vs BP's -74.94%.
XB currently has the higher Sharpe Ratio (1.65 vs 1.27), 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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