XCCC vs. SHV
Compare and contrast key facts about BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) and iShares Short Treasury Bond ETF (SHV).
XCCC and SHV 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. SHV is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Short Treasury Bond Index. It was launched on Jan 11, 2007. Both XCCC and SHV 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 SHV.
Key characteristics
| XCCC | SHV | |
|---|---|---|
| YTD Return | 12.37% | 4.46% |
| 1Y Return | 21.84% | 5.29% |
| Sharpe Ratio | 3.69 | 19.49 |
| Sortino Ratio | 5.56 | 132.81 |
| Omega Ratio | 1.79 | 52.96 |
| Calmar Ratio | 5.89 | 195.06 |
| Martin Ratio | 18.81 | 1,960.61 |
| Ulcer Index | 1.18% | 0.00% |
| Daily Std Dev | 6.02% | 0.27% |
| Max Drawdown | -9.97% | -0.46% |
| Current Drawdown | 0.00% | -0.01% |
Correlation
The correlation between XCCC and SHV is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
XCCC vs. SHV - Performance Comparison
In the year-to-date period, XCCC achieves a 12.37% return, which is significantly higher than SHV's 4.46% 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. SHV - Expense Ratio Comparison
XCCC has a 0.40% expense ratio, which is higher than SHV's 0.15% expense ratio.
Risk-Adjusted Performance
XCCC vs. SHV - 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 Short Treasury Bond ETF (SHV). 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. SHV - Dividend Comparison
XCCC's dividend yield for the trailing twelve months is around 10.72%, more than SHV's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 10.72% | 11.01% | 7.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHV iShares Short Treasury Bond ETF | 5.15% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% | 0.00% | 0.00% |
Drawdowns
XCCC vs. SHV - Drawdown Comparison
The maximum XCCC drawdown since its inception was -9.97%, which is greater than SHV's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for XCCC and SHV. For additional features, visit the drawdowns tool.
Volatility
XCCC vs. SHV - Volatility Comparison
BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) has a higher volatility of 1.28% compared to iShares Short Treasury Bond ETF (SHV) at 0.08%. This indicates that XCCC's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.