XB vs. ET

Last updated Jul 17, 2026

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 ET (Energy Transfer LP) is a stock. Over the past 3 years, XB returned 8.03%/yr vs 25.46%/yr for ET. At a 0.30 correlation, their price movements are largely independent.

Performance

XB vs. ET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) and Energy Transfer LP (ET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XB achieves a 2.50% return, which is significantly lower than ET's 26.95% return.

XB

• 1D: -0.03%
• 1M: -0.07%
• 6M: 1.93%
• YTD: 2.50%
• 1Y: 6.36%
• 3Y*: 8.03%
• 5Y*: —
• 10Y*: —

ET

• 1D: 1.46%
• 1M: 6.82%
• 6M: 19.90%
• YTD: 26.95%
• 1Y: 24.78%
• 3Y*: 25.46%
• 5Y*: 25.37%
• 10Y*: 10.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XB vs. ET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XB BondBloxx B Rated USD High Yield Corporate Bond ETF	2.50%	7.81%	7.41%	12.94%	-2.91%
ET Energy Transfer LP	26.95%	-9.37%	53.87%	27.87%	8.27%

Correlation

The correlation between XB and ET is -0.11, 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	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since May 26, 2022	0.30

The correlation between XB and ET shifts across timeframes, from -0.11 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XB vs. ET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XB

XB Risk / Return Rank: 72
XB Sharpe Ratio Rank: 64
XB Sortino Ratio Rank: 72
XB Omega Ratio Rank: 70
XB Calmar Ratio Rank: 73
XB Martin Ratio Rank: 83

ET

ET Risk / Return Rank: 83
ET Sharpe Ratio Rank: 85
ET Sortino Ratio Rank: 84
ET Omega Ratio Rank: 79
ET Calmar Ratio Rank: 85
ET Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XB vs. ET - 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 Energy Transfer LP (ET). 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	ET	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.52	+0.16
Sortino ratio: Return per unit of downside risk	2.60	2.32	+0.28
Omega ratio: Gain probability vs. loss probability	1.33	1.26	+0.07
Calmar ratio: Return relative to maximum drawdown	2.96	2.90	+0.06
Martin ratio: Return relative to average drawdown	12.82	6.30	+6.52

XB vs. ET - Sharpe Ratio Comparison

The current XB Sharpe Ratio is 1.69, which is comparable to the ET Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of XB and ET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XB vs. ET - Drawdown Comparison

The maximum XB drawdown since its inception was -9.25%, smaller than the maximum ET drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for XB and ET.

Drawdown Indicators

	XB	ET	Difference
Max Drawdown Largest peak-to-trough decline	-9.25%	-87.81%	+78.56%
Max Drawdown (1Y) Largest decline over 1 year	-2.16%	-8.59%	+6.43%
Max Drawdown (3Y) Largest decline over 3 years	-5.36%	-24.56%	+19.20%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-72.82%	—
Current Drawdown Current decline from peak	-0.14%	-0.93%	+0.79%
Average Drawdown Average peak-to-trough decline	-1.29%	-25.63%	+24.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.50%	3.94%	-3.44%

Volatility

XB vs. ET - Volatility Comparison

The current volatility for BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) is 0.86%, while Energy Transfer LP (ET) has a volatility of 5.37%. This indicates that XB experiences smaller price fluctuations and is considered to be less risky than ET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XB	ET	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.86%	5.37%	-4.51%
Volatility (6M) Calculated over the trailing 6-month period	3.09%	12.38%	-9.29%
Volatility (1Y) Calculated over the trailing 1-year period	3.79%	16.37%	-12.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.38%	24.56%	-17.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.38%	34.32%	-26.94%

Dividends

XB vs. ET - Dividend Comparison

XB's dividend yield for the trailing twelve months is around 7.01%, more than ET's 6.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ET Energy Transfer LP	6.61%	7.97%	6.51%	8.95%	7.33%	7.41%	17.27%	9.51%	9.24%	6.66%	5.90%	7.42%
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

Can I hold both XB and ET in my portfolio?

XB and ET have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XB or ET?

ET has higher volatility (5.37%) compared to XB (0.86%). In terms of maximum drawdown, XB dropped -9.25% vs ET's -87.81%.

Which has better risk-adjusted returns?

XB currently has the higher Sharpe Ratio (1.69 vs 1.52), 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.