XCH.TO vs. HYXF
XCH.TO (iShares China Index ETF) and HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) are both exchange-traded funds - XCH.TO is a China Equities fund tracking the Morningstar China GR CAD, while HYXF is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Corporate Choice ESG Screened. Both are passively managed. Over the past 5 years, XCH.TO returned -0.72%/yr vs 6.64%/yr for HYXF. At a 0.18 correlation, their price movements are largely independent. XCH.TO charges 0.87%/yr vs 0.35%/yr for HYXF.
Performance
XCH.TO vs. HYXF - Performance Comparison
Loading charts...
Different Trading Currencies
XCH.TO is traded in CAD, while HYXF is traded in USD. To make them comparable, the HYXF values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XCH.TO achieves a -6.21% return, which is significantly lower than HYXF's 3.10% return.
XCH.TO
- 1D
- 1.21%
- 1M
- -3.47%
- YTD
- -6.21%
- 6M
- -7.43%
- 1Y
- 1.29%
- 3Y*
- 11.77%
- 5Y*
- -0.72%
- 10Y*
- 3.62%
HYXF
- 1D
- 0.13%
- 1M
- 2.43%
- YTD
- 3.10%
- 6M
- 3.23%
- 1Y
- 8.75%
- 3Y*
- 10.13%
- 5Y*
- 6.64%
- 10Y*
- —
XCH.TO vs. HYXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XCH.TO iShares China Index ETF | -6.21% | 22.48% | 39.50% | -14.76% | -15.40% | -20.56% | 7.17% | 8.11% | -6.28% | 27.28% |
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 3.10% | 3.91% | 17.52% | 9.21% | -6.32% | 2.55% | 3.55% | 10.14% | 8.15% | -0.35% |
Correlation
The correlation between XCH.TO and HYXF is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2016 | 0.18 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XCH.TO vs. HYXF — Risk / Return Rank
XCH.TO
HYXF
XCH.TO vs. HYXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China Index ETF (XCH.TO) and iShares ESG Advanced High Yield Corporate Bond ETF (HYXF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XCH.TO | HYXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.25 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.08 | -2.12 |
| Martin ratioReturn relative to average drawdown | -0.09 | 5.63 | -5.72 |
Loading charts...
Drawdowns
XCH.TO vs. HYXF - Drawdown Comparison
The maximum XCH.TO drawdown since its inception was -58.02%, which is greater than HYXF's maximum drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for XCH.TO and HYXF.
Loading charts...
Drawdown Indicators
| XCH.TO | HYXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.02% | -15.68% | -42.34% |
Max Drawdown (1Y)Largest decline over 1 year | -16.51% | -3.94% | -12.57% |
Max Drawdown (3Y)Largest decline over 3 years | -27.28% | -7.38% | -19.90% |
Max Drawdown (5Y)Largest decline over 5 years | -50.32% | -15.68% | -34.64% |
Max Drawdown (10Y)Largest decline over 10 years | -58.02% | — | — |
Current DrawdownCurrent decline from peak | -21.70% | 0.00% | -21.70% |
Average DrawdownAverage peak-to-trough decline | -20.40% | -3.00% | -17.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.55% | 1.45% | +7.10% |
Volatility
XCH.TO vs. HYXF - Volatility Comparison
iShares China Index ETF (XCH.TO) has a higher volatility of 5.94% compared to iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) at 1.53%. This indicates that XCH.TO's price experiences larger fluctuations and is considered to be riskier than HYXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XCH.TO | HYXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 1.53% | +4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 13.42% | 4.20% | +9.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.18% | 5.74% | +13.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.79% | 10.30% | +19.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.71% | 10.53% | +15.18% |
XCH.TO vs. HYXF - Expense Ratio Comparison
XCH.TO has a 0.87% expense ratio, which is higher than HYXF's 0.35% expense ratio.
Dividends
XCH.TO vs. HYXF - Dividend Comparison
XCH.TO's dividend yield for the trailing twelve months is around 2.25%, less than HYXF's 6.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.09% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% | 0.00% |
XCH.TO iShares China Index ETF | 2.25% | 2.11% | 1.54% | 2.86% | 2.35% | 1.51% | 2.17% | 2.50% | 2.45% | 2.41% | 2.21% | 2.58% |
Frequently Asked Questions
XCH.TO and HYXF have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYXF is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYXF is cheaper with a 0.35% expense ratio, compared with 0.87% for XCH.TO.
XCH.TO is categorized as China Equities, while HYXF is High Yield Bonds. XCH.TO tracks Morningstar China GR CAD, while HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened. Their fees differ too: 0.87% for XCH.TO and 0.35% for HYXF.
Find the right allocation for XCH.TO and HYXF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer