XB vs. SCYB

Last updated Jun 23, 2026

XB (BondBloxx B Rated USD High Yield Corporate Bond ETF) and SCYB (Schwab High Yield Bond ETF) are both High Yield Bonds funds - XB tracks the ICE BofA Single-B US Cash Pay High Yield Constrained Index while SCYB tracks the ICE BofA US Cash Pay High Yield Constrained Index. Both are passively managed. Over the past year, XB returned 6.90% vs 6.69% for SCYB. Their correlation of 0.83 suggests significant overlap in exposure. XB charges 0.30%/yr vs 0.03%/yr for SCYB.

Performance

XB vs. SCYB - 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 Schwab High Yield Bond ETF (SCYB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XB achieves a 2.29% return, which is significantly higher than SCYB's 1.92% return.

XB

• 1D: -0.13%
• 1M: 0.78%
• YTD: 2.29%
• 6M: 2.62%
• 1Y: 6.90%
• 3Y*: 8.69%
• 5Y*: —
• 10Y*: —

SCYB

• 1D: -0.04%
• 1M: 0.50%
• YTD: 1.92%
• 6M: 2.07%
• 1Y: 6.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XB vs. SCYB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XB BondBloxx B Rated USD High Yield Corporate Bond ETF	2.29%	7.81%	7.41%	7.47%
SCYB Schwab High Yield Bond ETF	1.92%	8.33%	8.15%	7.29%

Correlation

The correlation between XB and SCYB is 0.85, 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	0.85
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023	0.83

The correlation between XB and SCYB has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.

Return for Risk

XB vs. SCYB — Risk / Return Rank

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

XB

XB Risk / Return Rank: 64
XB Sharpe Ratio Rank: 54
XB Sortino Ratio Rank: 62
XB Omega Ratio Rank: 60
XB Calmar Ratio Rank: 67
XB Martin Ratio Rank: 76

SCYB

SCYB Risk / Return Rank: 59
SCYB Sharpe Ratio Rank: 54
SCYB Sortino Ratio Rank: 58
SCYB Omega Ratio Rank: 58
SCYB Calmar Ratio Rank: 57
SCYB Martin Ratio Rank: 68

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. SCYB - 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 Schwab High Yield Bond ETF (SCYB). 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	SCYB	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.77	+0.05
Sortino ratio: Return per unit of downside risk	2.80	2.66	+0.15
Omega ratio: Gain probability vs. loss probability	1.36	1.35	+0.01
Calmar ratio: Return relative to maximum drawdown	3.22	2.75	+0.47
Martin ratio: Return relative to average drawdown	13.92	12.23	+1.69

XB vs. SCYB - Sharpe Ratio Comparison

The current XB Sharpe Ratio is 1.82, which is comparable to the SCYB Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of XB and SCYB, 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. SCYB - Drawdown Comparison

The maximum XB drawdown since its inception was -9.25%, which is greater than SCYB's maximum drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for XB and SCYB.

Drawdown Indicators

	XB	SCYB	Difference
Max Drawdown Largest peak-to-trough decline	-9.25%	-4.92%	-4.33%
Max Drawdown (1Y) Largest decline over 1 year	-2.16%	-2.44%	+0.28%
Max Drawdown (3Y) Largest decline over 3 years	-5.36%	—	—
Current Drawdown Current decline from peak	-0.27%	-0.15%	-0.12%
Average Drawdown Average peak-to-trough decline	-1.30%	-0.51%	-0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.50%	0.55%	-0.05%

Volatility

XB vs. SCYB - Volatility Comparison

BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) has a higher volatility of 1.08% compared to Schwab High Yield Bond ETF (SCYB) at 1.00%. This indicates that XB's price experiences larger fluctuations and is considered to be riskier than SCYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XB	SCYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.08%	1.00%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	3.06%	3.02%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	3.82%	3.79%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.44%	5.12%	+2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.44%	5.12%	+2.32%

XB vs. SCYB - Expense Ratio Comparison

XB has a 0.30% expense ratio, which is higher than SCYB's 0.03% expense ratio.

Dividends

XB vs. SCYB - Dividend Comparison

XB's dividend yield for the trailing twelve months is around 7.05%, more than SCYB's 6.91% yield.

Position	TTM	2025	2024	2023	2022
SCYB Schwab High Yield Bond ETF	6.91%	6.99%	7.06%	3.36%	0.00%
XB BondBloxx B Rated USD High Yield Corporate Bond ETF	7.05%	6.96%	7.74%	7.87%	5.01%

Frequently Asked Questions

Can I hold both XB and SCYB in my portfolio?

XB and SCYB have a correlation of 0.85, 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 SCYB?

XB has higher volatility (1.08%) compared to SCYB (1.00%). In terms of maximum drawdown, XB dropped -9.25% vs SCYB's -4.92%.

Which ETF is better, XB or SCYB?

On 1-year performance, XB leads with 6.90% vs 6.69% for SCYB. On fees, SCYB is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XB or SCYB?

Over the 1-year period, XB has performed better with a 6.90% return vs 6.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XB or SCYB?

SCYB is cheaper with a 0.03% expense ratio, compared with 0.30% for XB.

Which ETF pays a higher dividend yield, XB or SCYB?

XB has the higher dividend yield at 7.05%, compared with 6.91% for SCYB.

What is the main difference between XB and SCYB?

XB tracks ICE BofA Single-B US Cash Pay High Yield Constrained Index, while SCYB tracks ICE BofA US Cash Pay High Yield Constrained Index. They also come from different issuers: BondBloxx and Charles Schwab. Their fees differ too: 0.30% for XB and 0.03% for SCYB.

Which has better risk-adjusted returns?

XB currently has the higher Sharpe Ratio (1.82 vs 1.77), 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.