XHY.TO vs. XBB
Compare and contrast key facts about iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY.TO) and BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB).
XHY.TO and XBB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHY.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl HY Bd GR CAD. It was launched on Jan 21, 2010. XBB is a passively managed fund by BondBloxx that tracks the performance of the ICE BofA BB US Cash Pay High Yield Constrained Index. It was launched on May 24, 2022. Both XHY.TO and XBB 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: XHY.TO or XBB.
Correlation
The correlation between XHY.TO and XBB is 0.65, 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
XHY.TO vs. XBB - Performance Comparison
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Key characteristics
XHY.TO:
0.96
XBB:
1.26
XHY.TO:
1.39
XBB:
1.89
XHY.TO:
1.19
XBB:
1.25
XHY.TO:
1.36
XBB:
1.80
XHY.TO:
6.16
XBB:
7.61
XHY.TO:
1.09%
XBB:
0.90%
XHY.TO:
7.02%
XBB:
5.36%
XHY.TO:
-28.48%
XBB:
-8.87%
XHY.TO:
-1.26%
XBB:
-0.63%
Returns By Period
In the year-to-date period, XHY.TO achieves a 1.23% return, which is significantly lower than XBB's 2.35% return.
XHY.TO
1.23%
1.68%
0.89%
6.73%
6.20%
4.13%
3.22%
XBB
2.35%
2.36%
2.06%
6.71%
N/A
N/A
N/A
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XHY.TO vs. XBB - Expense Ratio Comparison
XHY.TO has a 0.56% expense ratio, which is higher than XBB's 0.20% expense ratio.
Risk-Adjusted Performance
XHY.TO vs. XBB — Risk-Adjusted Performance Rank
XHY.TO
XBB
XHY.TO vs. XBB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY.TO) and BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB). 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.
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Dividends
XHY.TO vs. XBB - Dividend Comparison
XHY.TO's dividend yield for the trailing twelve months is around 6.54%, more than XBB's 5.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XHY.TO iShares U.S. High Yield Bond Index ETF (CAD-Hedged) | 6.54% | 5.87% | 5.56% | 5.70% | 4.72% | 5.18% | 5.38% | 5.87% | 5.46% | 5.64% | 6.83% | 6.14% |
XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 5.91% | 6.35% | 6.15% | 3.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XHY.TO vs. XBB - Drawdown Comparison
The maximum XHY.TO drawdown since its inception was -28.48%, which is greater than XBB's maximum drawdown of -8.87%. Use the drawdown chart below to compare losses from any high point for XHY.TO and XBB. For additional features, visit the drawdowns tool.
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Volatility
XHY.TO vs. XBB - Volatility Comparison
iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY.TO) has a higher volatility of 2.36% compared to BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) at 1.49%. This indicates that XHY.TO's price experiences larger fluctuations and is considered to be riskier than XBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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