Correlation
The correlation between XB and HYGH is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
XB vs. HYGH
Compare and contrast key facts about BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
XB and HYGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XB is a passively managed fund by BondBloxx that tracks the performance of the ICE BofA Single-B US Cash Pay High Yield Constrained Index. It was launched on May 24, 2022. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XB or HYGH.
Performance
XB vs. HYGH - Performance Comparison
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Key characteristics
XB:
1.26
HYGH:
1.06
XB:
1.86
HYGH:
1.40
XB:
1.27
HYGH:
1.28
XB:
1.45
HYGH:
1.04
XB:
6.99
HYGH:
6.31
XB:
1.11%
HYGH:
1.33%
XB:
6.22%
HYGH:
7.73%
XB:
-9.25%
HYGH:
-23.88%
XB:
-0.16%
HYGH:
-0.44%
Returns By Period
In the year-to-date period, XB achieves a 1.94% return, which is significantly higher than HYGH's 1.78% return.
XB
1.94%
1.03%
1.42%
7.78%
5.67%
N/A
N/A
HYGH
1.78%
2.12%
2.26%
8.17%
8.46%
7.82%
4.98%
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XB vs. HYGH - Expense Ratio Comparison
XB has a 0.30% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Risk-Adjusted Performance
XB vs. HYGH — Risk-Adjusted Performance Rank
XB
HYGH
XB vs. HYGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.
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Dividends
XB vs. HYGH - Dividend Comparison
XB's dividend yield for the trailing twelve months is around 7.30%, less than HYGH's 7.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 7.30% | 7.74% | 7.87% | 5.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 7.45% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% | 3.62% |
Drawdowns
XB vs. HYGH - Drawdown Comparison
The maximum XB drawdown since its inception was -9.25%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for XB and HYGH.
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Volatility
XB vs. HYGH - Volatility Comparison
The current volatility for BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) is 1.64%, while iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a volatility of 1.86%. This indicates that XB experiences smaller price fluctuations and is considered to be less risky than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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