XCCC vs. HYGW
Compare and contrast key facts about BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) and iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW).
XCCC and HYGW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XCCC is a passively managed fund by BondBloxx that tracks the performance of the ICE BofA CCC and Lower US High Yield Constrained Index. It was launched on May 24, 2022. HYGW is a passively managed fund by iShares that tracks the performance of the Cboe HYG BuyWrite Index. It was launched on Aug 18, 2022. Both XCCC and HYGW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XCCC or HYGW.
Key characteristics
| XCCC | HYGW | |
|---|---|---|
| YTD Return | 12.37% | 7.64% |
| 1Y Return | 22.19% | 10.01% |
| Sharpe Ratio | 3.56 | 3.90 |
| Sortino Ratio | 5.34 | 6.09 |
| Omega Ratio | 1.76 | 1.90 |
| Calmar Ratio | 5.70 | 4.51 |
| Martin Ratio | 18.23 | 39.72 |
| Ulcer Index | 1.18% | 0.25% |
| Daily Std Dev | 6.05% | 2.57% |
| Max Drawdown | -9.97% | -5.49% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between XCCC and HYGW is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XCCC vs. HYGW - Performance Comparison
In the year-to-date period, XCCC achieves a 12.37% return, which is significantly higher than HYGW's 7.64% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XCCC vs. HYGW - Expense Ratio Comparison
XCCC has a 0.40% expense ratio, which is lower than HYGW's 0.69% expense ratio.
Risk-Adjusted Performance
XCCC vs. HYGW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) and iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW). 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.
Dividends
XCCC vs. HYGW - Dividend Comparison
XCCC's dividend yield for the trailing twelve months is around 10.72%, less than HYGW's 12.53% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 10.72% | 11.01% | 7.64% |
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 12.53% | 15.98% | 8.72% |
Drawdowns
XCCC vs. HYGW - Drawdown Comparison
The maximum XCCC drawdown since its inception was -9.97%, which is greater than HYGW's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for XCCC and HYGW. For additional features, visit the drawdowns tool.
Volatility
XCCC vs. HYGW - Volatility Comparison
BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) has a higher volatility of 1.28% compared to iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) at 1.04%. This indicates that XCCC's price experiences larger fluctuations and is considered to be riskier than HYGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.