XB vs. ET
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 8.25%/yr vs 22.86%/yr for ET. At a 0.31 correlation, their price movements are largely independent.
Performance
XB vs. ET - Performance Comparison
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Returns By Period
In the year-to-date period, XB achieves a 2.07% return, which is significantly lower than ET's 17.84% return.
XB
- 1D
- -0.49%
- 1M
- 1.07%
- YTD
- 2.07%
- 6M
- 2.60%
- 1Y
- 6.98%
- 3Y*
- 8.25%
- 5Y*
- —
- 10Y*
- —
ET
- 1D
- -0.85%
- 1M
- -7.13%
- YTD
- 17.84%
- 6M
- 18.55%
- 1Y
- 12.66%
- 3Y*
- 22.86%
- 5Y*
- 21.38%
- 10Y*
- 12.68%
XB vs. ET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 2.07% | 7.81% | 7.41% | 12.94% | -2.91% |
ET Energy Transfer LP | 17.84% | -9.37% | 53.87% | 27.87% | 8.27% |
Correlation
The correlation between XB and ET is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 26, 2022 | 0.31 |
The correlation between XB and ET shifts across timeframes, from -0.09 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XB vs. ET — Risk / Return Rank
XB
ET
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 ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.14 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 1.45 | +1.81 |
| Martin ratioReturn relative to average drawdown | 14.09 | 3.25 | +10.84 |
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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.
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Drawdown Indicators
| XB | ET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.25% | -87.81% | +78.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | -8.79% | +6.63% |
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 DrawdownCurrent decline from peak | -0.49% | -8.04% | +7.55% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -25.71% | +24.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 3.90% | -3.40% |
Volatility
XB vs. ET - Volatility Comparison
The current volatility for BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) is 1.38%, while Energy Transfer LP (ET) has a volatility of 4.80%. 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.
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Volatility by Period
| XB | ET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 4.80% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 12.07% | -9.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 16.10% | -12.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.45% | 24.72% | -17.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.45% | 34.99% | -27.54% |
Dividends
XB vs. ET - Dividend Comparison
XB's dividend yield for the trailing twelve months is around 7.06%, which matches ET's 7.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ET Energy Transfer LP | 7.12% | 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 | 7.06% | 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 ET have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ET has higher volatility (4.80%) compared to XB (1.38%). In terms of maximum drawdown, XB dropped -9.25% vs ET's -87.81%.
XB currently has the higher Sharpe Ratio (1.85 vs 0.79), 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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