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XHYD vs. FTSL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XHYD vs. FTSL

Last updated Jun 4, 2026

XHYD (BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF) and FTSL (First Trust Senior Loan Fund) are both High Yield Bonds funds. XHYD is passively managed, while FTSL is actively managed. Over the past 3 years, XHYD returned 7.51%/yr vs 7.34%/yr for FTSL. At a 0.48 correlation, their price movements are largely independent. XHYD charges 0.35%/yr vs 0.86%/yr for FTSL.

Performance

XHYD vs. FTSL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF (XHYD) and First Trust Senior Loan Fund (FTSL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XHYD achieves a 0.44% return, which is significantly lower than FTSL's 0.62% return.

XHYD

1D
0.00%
1M
-0.54%
YTD
0.44%
6M
0.85%
1Y
5.47%
3Y*
7.51%
5Y*
—
10Y*
—

FTSL

1D
-0.02%
1M
0.20%
YTD
0.62%
6M
0.99%
1Y
4.53%
3Y*
7.34%
5Y*
5.02%
10Y*
4.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XHYD vs. FTSL - Yearly Performance Comparison

2026 (YTD)2025202420232022
XHYD
BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF		0.44%8.33%6.29%11.75%-5.80%
FTSL
First Trust Senior Loan Fund		0.62%5.98%8.27%11.58%-1.99%

Correlation

The correlation between XHYD and FTSL is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.43

Correlation (All Time)
Calculated using the full available price history since Feb 18, 2022

0.48

The correlation between XHYD and FTSL shifts across timeframes, from 0.34 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.

XHYD vs. FTSL - Sectors Allocation Comparison

Sectors
XHYD
FTSL

Consumer Defensive

29.7%

-

Utilities

23.8%

-

Consumer Cyclical

9.7%

-

Financial Services

2.0%

-

Industrials

1.8%

-

Basic Materials

1.0%
100.0%

Communication Services

-

-

Energy

-

-

Healthcare

-

-

Real Estate

-

-

Technology

-

-

Consumer Defensive

XHYD
29.7%
FTSL

-

Utilities

XHYD
23.8%
FTSL

-

Consumer Cyclical

XHYD
9.7%
FTSL

-

Financial Services

XHYD
2.0%
FTSL

-

Industrials

XHYD
1.8%
FTSL

-

Basic Materials

XHYD
1.0%
FTSL
100.0%

Communication Services

XHYD

-

FTSL

-

Energy

XHYD

-

FTSL

-

Healthcare

XHYD

-

FTSL

-

Real Estate

XHYD

-

FTSL

-

Technology

XHYD

-

FTSL

-

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BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF

First Trust Senior Loan Fund

Often compared with XHYD:
XHYD vs. BBDD.LXHYD vs. XHYFXHYD vs. BSJPXHYD vs. EUNL.DEXHYD vs. SPYXHYD vs. SKORXHYD vs. AAPL
Often compared with FTSL:
FTSL vs. BKLNFTSL vs. AAAFTSL vs. SJNKFTSL vs. HYLBFTSL vs. PFFDFTSL vs. LONZFTSL vs. SLYV

Return for Risk

XHYD vs. FTSL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XHYD
XHYD Risk / Return Rank: 5050
Overall Rank
XHYD Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
XHYD Sortino Ratio Rank: 4545
Sortino Ratio Rank
XHYD Omega Ratio Rank: 5151
Omega Ratio Rank
XHYD Calmar Ratio Rank: 4848
Calmar Ratio Rank
XHYD Martin Ratio Rank: 6060
Martin Ratio Rank
FTSL
FTSL Risk / Return Rank: 6060
Overall Rank
FTSL Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
FTSL Sortino Ratio Rank: 7373
Sortino Ratio Rank
FTSL Omega Ratio Rank: 8383
Omega Ratio Rank
FTSL Calmar Ratio Rank: 3939
Calmar Ratio Rank
FTSL Martin Ratio Rank: 4444
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XHYD vs. FTSL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF (XHYD) and First Trust Senior Loan Fund (FTSL). 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.

XHYDFTSLDifference
Sharpe ratioReturn per unit of total volatility
1.55
2.15

-0.60

Sortino ratioReturn per unit of downside risk
2.20
3.35

-1.15

Omega ratioGain probability vs. loss probability

1.32

1.51

-0.19

Calmar ratioReturn relative to maximum drawdown

2.36

1.95

+0.40

Martin ratioReturn relative to average drawdown

10.53

7.25

+3.28

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XHYD vs. FTSL - Sharpe Ratio Comparison

The current XHYD Sharpe Ratio is 1.55, which is comparable to the FTSL Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of XHYD and FTSL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XHYDFTSLDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.55

2.15

-0.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.50

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.86

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

0.85

-0.18

Drawdowns

XHYD vs. FTSL - Drawdown Comparison

The maximum XHYD drawdown since its inception was -11.02%, smaller than the maximum FTSL drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for XHYD and FTSL.

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Drawdown Indicators

XHYDFTSLDifference

Max Drawdown

Largest peak-to-trough decline

-11.02%

-22.67%

+11.65%

Max Drawdown (1Y)

Largest decline over 1 year

-2.49%

-2.33%

-0.16%

Max Drawdown (3Y)

Largest decline over 3 years

-3.70%

-2.66%

-1.04%

Max Drawdown (5Y)

Largest decline over 5 years

—

-6.96%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-22.67%

—

Current Drawdown

Current decline from peak

-1.08%

-0.03%

-1.05%

Average Drawdown

Average peak-to-trough decline

-2.04%

-0.76%

-1.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.56%

0.63%

-0.07%

Volatility

XHYD vs. FTSL - Volatility Comparison

BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF (XHYD) has a higher volatility of 1.83% compared to First Trust Senior Loan Fund (FTSL) at 0.36%. This indicates that XHYD's price experiences larger fluctuations and is considered to be riskier than FTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XHYDFTSLDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.83%

0.36%

+1.47%

Volatility (6M)

Calculated over the trailing 6-month period

3.28%

1.95%

+1.33%

Volatility (1Y)

Calculated over the trailing 1-year period

3.79%

2.11%

+1.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.15%

3.35%

+3.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.15%

5.19%

+1.96%

XHYD vs. FTSL - Expense Ratio Comparison

XHYD has a 0.35% expense ratio, which is lower than FTSL's 0.86% expense ratio.

Dividends

XHYD vs. FTSL - Dividend Comparison

XHYD's dividend yield for the trailing twelve months is around 5.31%, less than FTSL's 6.46% yield.

PositionTTM20252024202320222021202020192018201720162015
FTSL
First Trust Senior Loan Fund		6.46%6.59%7.56%7.59%4.77%3.17%3.48%4.44%4.29%3.64%3.70%3.95%
XHYD
BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF		5.31%5.83%6.32%5.80%5.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XHYD and FTSL have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XHYD has higher volatility (1.83%) compared to FTSL (0.36%). In terms of maximum drawdown, XHYD dropped -11.02% vs FTSL's -22.67%.

On 3-year performance, XHYD leads with 7.51% vs 7.34% for FTSL. On fees, XHYD is cheaper at 0.35% per year. On volatility, FTSL has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, XHYD has performed better with a 7.51% return vs 7.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XHYD is cheaper with a 0.35% expense ratio, compared with 0.86% for FTSL.

FTSL has the higher dividend yield at 6.46%, compared with 5.31% for XHYD.

They also come from different issuers: BondBloxx and First Trust. Their fees differ too: 0.35% for XHYD and 0.86% for FTSL.

FTSL currently has the higher Sharpe Ratio (2.15 vs 1.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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