XB vs. HYLB
XB (BondBloxx B Rated USD High Yield Corporate Bond ETF) and HYLB (Xtrackers USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - XB tracks the ICE BofA Single-B US Cash Pay High Yield Constrained Index while HYLB tracks the Solactive USD High Yield Corporates Total Market Index. Both are passively managed. Over the past 3 years, XB returned 8.50%/yr vs 8.79%/yr for HYLB. Their correlation of 0.90 suggests significant overlap in exposure. XB charges 0.30%/yr vs 0.15%/yr for HYLB.
Performance
XB vs. HYLB - Performance Comparison
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Returns By Period
In the year-to-date period, XB achieves a 1.99% return, which is significantly higher than HYLB's 1.65% return.
XB
- 1D
- 0.17%
- 1M
- 0.64%
- YTD
- 1.99%
- 6M
- 2.60%
- 1Y
- 7.31%
- 3Y*
- 8.50%
- 5Y*
- —
- 10Y*
- —
HYLB
- 1D
- 0.11%
- 1M
- 0.35%
- YTD
- 1.65%
- 6M
- 2.09%
- 1Y
- 6.78%
- 3Y*
- 8.79%
- 5Y*
- 4.06%
- 10Y*
- —
XB vs. HYLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 1.99% | 7.81% | 7.41% | 12.94% | -4.25% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.65% | 8.74% | 8.14% | 12.03% | -3.89% |
Correlation
The correlation between XB and HYLB is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 27, 2022 | 0.90 |
The correlation between XB and HYLB has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
XB vs. HYLB — Risk / Return Rank
XB
HYLB
XB vs. HYLB - 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 Xtrackers USD High Yield Corporate Bond ETF (HYLB). 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.
| XB | HYLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.36 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 3.00 | +0.41 |
| Martin ratioReturn relative to average drawdown | 14.93 | 12.90 | +2.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XB | HYLB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 1.84 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.58 | +0.27 |
Drawdowns
XB vs. HYLB - Drawdown Comparison
The maximum XB drawdown since its inception was -9.25%, smaller than the maximum HYLB drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for XB and HYLB.
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Drawdown Indicators
| XB | HYLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.25% | -22.91% | +13.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | -2.27% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -5.36% | -4.51% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.54% | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.09% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -2.43% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.53% | -0.04% |
Volatility
XB vs. HYLB - Volatility Comparison
BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) has a higher volatility of 1.37% compared to Xtrackers USD High Yield Corporate Bond ETF (HYLB) at 1.19%. This indicates that XB's price experiences larger fluctuations and is considered to be riskier than HYLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XB | HYLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.19% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 2.92% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 3.70% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 7.47% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.44% | 8.18% | -0.74% |
XB vs. HYLB - Expense Ratio Comparison
XB has a 0.30% expense ratio, which is higher than HYLB's 0.15% expense ratio.
Dividends
XB vs. HYLB - Dividend Comparison
XB's dividend yield for the trailing twelve months is around 7.07%, more than HYLB's 6.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.48% | 6.29% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% |
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 7.07% | 6.96% | 7.74% | 7.87% | 5.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XB and HYLB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XB has higher volatility (1.37%) compared to HYLB (1.19%). In terms of maximum drawdown, XB dropped -9.25% vs HYLB's -22.91%.
On 3-year performance, HYLB leads with 8.79% vs 8.50% for XB. On fees, HYLB is cheaper at 0.15% per year. On volatility, HYLB has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HYLB has performed better with a 8.79% return vs 8.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYLB is cheaper with a 0.15% expense ratio, compared with 0.30% for XB.
XB has the higher dividend yield at 7.07%, compared with 6.48% for HYLB.
XB tracks ICE BofA Single-B US Cash Pay High Yield Constrained Index, while HYLB tracks Solactive USD High Yield Corporates Total Market Index. They also come from different issuers: BondBloxx and DWS. Their fees differ too: 0.30% for XB and 0.15% for HYLB.
XB currently has the higher Sharpe Ratio (1.97 vs 1.84), 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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