XCCC vs. RIET
Compare and contrast key facts about BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) and Hoya Capital High Dividend Yield ETF (RIET).
XCCC and RIET 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. RIET is a passively managed fund by Pettee Investors that tracks the performance of the Hoya Capital High Dividend Yield Index. It was launched on Sep 21, 2021. Both XCCC and RIET 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 RIET.
Key characteristics
| XCCC | RIET | |
|---|---|---|
| YTD Return | 12.37% | 7.78% |
| 1Y Return | 21.84% | 28.07% |
| Sharpe Ratio | 3.69 | 1.57 |
| Sortino Ratio | 5.56 | 2.26 |
| Omega Ratio | 1.79 | 1.29 |
| Calmar Ratio | 5.89 | 0.95 |
| Martin Ratio | 18.81 | 5.42 |
| Ulcer Index | 1.18% | 5.34% |
| Daily Std Dev | 6.02% | 18.40% |
| Max Drawdown | -9.97% | -34.61% |
| Current Drawdown | 0.00% | -10.36% |
Correlation
The correlation between XCCC and RIET is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XCCC vs. RIET - Performance Comparison
In the year-to-date period, XCCC achieves a 12.37% return, which is significantly higher than RIET's 7.78% 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. RIET - Expense Ratio Comparison
XCCC has a 0.40% expense ratio, which is lower than RIET's 0.50% expense ratio.
Risk-Adjusted Performance
XCCC vs. RIET - 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 Hoya Capital High Dividend Yield ETF (RIET). 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. RIET - Dividend Comparison
XCCC's dividend yield for the trailing twelve months is around 10.72%, more than RIET's 9.45% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 10.72% | 11.01% | 7.64% | 0.00% |
RIET Hoya Capital High Dividend Yield ETF | 9.45% | 9.38% | 9.38% | 2.01% |
Drawdowns
XCCC vs. RIET - Drawdown Comparison
The maximum XCCC drawdown since its inception was -9.97%, smaller than the maximum RIET drawdown of -34.61%. Use the drawdown chart below to compare losses from any high point for XCCC and RIET. For additional features, visit the drawdowns tool.
Volatility
XCCC vs. RIET - Volatility Comparison
The current volatility for BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) is 1.28%, while Hoya Capital High Dividend Yield ETF (RIET) has a volatility of 4.51%. This indicates that XCCC experiences smaller price fluctuations and is considered to be less risky than RIET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.