XBB vs. HYLB
XBB (BondBloxx BB Rated USD High Yield Corporate Bond ETF) and HYLB (Xtrackers USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - XBB tracks the ICE BofA BB 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, XBB returned 7.84%/yr vs 8.79%/yr for HYLB. Their correlation of 0.88 suggests significant overlap in exposure. XBB charges 0.20%/yr vs 0.15%/yr for HYLB.
Performance
XBB vs. HYLB - Performance Comparison
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Returns By Period
In the year-to-date period, XBB achieves a 1.53% return, which is significantly lower than HYLB's 1.65% return.
XBB
- 1D
- 0.21%
- 1M
- 0.46%
- YTD
- 1.53%
- 6M
- 1.76%
- 1Y
- 6.37%
- 3Y*
- 7.84%
- 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*
- —
XBB vs. HYLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 1.53% | 8.59% | 6.41% | 10.63% | -3.77% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.65% | 8.74% | 8.14% | 12.03% | -3.89% |
Correlation
The correlation between XBB and HYLB is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 27, 2022 | 0.88 |
The correlation between XBB and HYLB has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
XBB vs. HYLB — Risk / Return Rank
XBB
HYLB
XBB vs. HYLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) 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.
| XBB | HYLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 3.00 | -0.71 |
| Martin ratioReturn relative to average drawdown | 9.49 | 12.90 | -3.42 |
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
| XBB | HYLB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.84 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.58 | +0.22 |
Drawdowns
XBB vs. HYLB - Drawdown Comparison
The maximum XBB drawdown since its inception was -8.87%, smaller than the maximum HYLB drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for XBB and HYLB.
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Drawdown Indicators
| XBB | HYLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.87% | -22.91% | +14.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -2.27% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -4.51% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.54% | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.09% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -1.33% | -2.43% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.53% | +0.14% |
Volatility
XBB vs. HYLB - Volatility Comparison
BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) has a higher volatility of 1.25% compared to Xtrackers USD High Yield Corporate Bond ETF (HYLB) at 1.19%. This indicates that XBB'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
| XBB | HYLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.19% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.92% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 3.70% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.08% | 7.47% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.08% | 8.18% | -1.10% |
XBB vs. HYLB - Expense Ratio Comparison
XBB has a 0.20% expense ratio, which is higher than HYLB's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XBB vs. HYLB - Dividend Comparison
XBB's dividend yield for the trailing twelve months is around 5.55%, less 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% |
XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 5.55% | 5.42% | 6.35% | 6.15% | 3.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XBB and HYLB have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XBB has higher volatility (1.25%) compared to HYLB (1.19%). In terms of maximum drawdown, XBB dropped -8.87% vs HYLB's -22.91%.
On 3-year performance, HYLB leads with 8.79% vs 7.84% for XBB. On fees, HYLB is cheaper at 0.15% per year. Their volatility is very similar. 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 7.84%. 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 0.20% for XBB.
HYLB has the higher dividend yield at 6.48%, compared with 5.55% for XBB.
XBB tracks ICE BofA BB 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: 0.20% for XBB and 0.15% for HYLB.
HYLB currently has the higher Sharpe Ratio (1.84 vs 1.64), 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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