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XCCC vs. HYGW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

XCCC vs. HYGW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) and iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
10.18%
4.06%
XCCC
HYGW

Returns By Period

In the year-to-date period, XCCC achieves a 12.22% return, which is significantly higher than HYGW's 7.21% return.


XCCC

YTD

12.22%

1M

0.63%

6M

10.18%

1Y

20.02%

5Y (annualized)

N/A

10Y (annualized)

N/A

HYGW

YTD

7.21%

1M

0.35%

6M

4.06%

1Y

9.14%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


XCCCHYGW
Sharpe Ratio3.433.48
Sortino Ratio5.105.40
Omega Ratio1.731.77
Calmar Ratio5.375.02
Martin Ratio17.1434.38
Ulcer Index1.18%0.27%
Daily Std Dev5.90%2.64%
Max Drawdown-9.97%-5.49%
Current Drawdown-0.13%-0.40%

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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.


HYGW
iShares High Yield Corporate Bond Buywrite Strategy ETF
Expense ratio chart for HYGW: current value at 0.69% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.69%
Expense ratio chart for XCCC: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%

Correlation

-0.50.00.51.00.8

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.

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.


Sharpe ratio
The chart of Sharpe ratio for XCCC, currently valued at 3.43, compared to the broader market0.002.004.006.003.433.48
The chart of Sortino ratio for XCCC, currently valued at 5.10, compared to the broader market-2.000.002.004.006.008.0010.0012.005.105.40
The chart of Omega ratio for XCCC, currently valued at 1.73, compared to the broader market0.501.001.502.002.503.001.731.77
The chart of Calmar ratio for XCCC, currently valued at 5.37, compared to the broader market0.005.0010.0015.005.375.02
The chart of Martin ratio for XCCC, currently valued at 17.14, compared to the broader market0.0020.0040.0060.0080.00100.00120.0017.1434.38
XCCC
HYGW

The current XCCC Sharpe Ratio is 3.43, which is comparable to the HYGW Sharpe Ratio of 3.48. The chart below compares the historical Sharpe Ratios of XCCC and HYGW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
3.43
3.48
XCCC
HYGW

Dividends

XCCC vs. HYGW - Dividend Comparison

XCCC's dividend yield for the trailing twelve months is around 10.74%, less than HYGW's 12.58% yield.


TTM20232022
XCCC
BondBloxx CCC Rated USD High Yield Corporate Bond ETF
10.74%11.01%7.64%
HYGW
iShares High Yield Corporate Bond Buywrite Strategy ETF
12.58%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.


-2.50%-2.00%-1.50%-1.00%-0.50%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.13%
-0.40%
XCCC
HYGW

Volatility

XCCC vs. HYGW - Volatility Comparison

BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) has a higher volatility of 1.27% compared to iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) at 1.07%. 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.


0.50%1.00%1.50%2.00%2.50%JuneJulyAugustSeptemberOctoberNovember
1.27%
1.07%
XCCC
HYGW