XHYD vs. IBHH
XHYD (BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF) and IBHH (iShares iBonds 2028 Term High Yield and Income ETF) are both High Yield Bonds funds - XHYD tracks the ICE Diversified US Cash Pay High Yield Consumer Non-Cyclical while IBHH tracks the Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, XHYD returned 7.51%/yr vs 8.48%/yr for IBHH. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
XHYD vs. IBHH - Performance Comparison
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Returns By Period
In the year-to-date period, XHYD achieves a 0.44% return, which is significantly lower than IBHH's 1.66% return.
XHYD
- 1D
- 0.00%
- 1M
- -0.54%
- YTD
- 0.44%
- 6M
- 0.85%
- 1Y
- 5.47%
- 3Y*
- 7.51%
- 5Y*
- —
- 10Y*
- —
IBHH
- 1D
- -0.06%
- 1M
- 0.40%
- YTD
- 1.66%
- 6M
- 2.20%
- 1Y
- 6.59%
- 3Y*
- 8.48%
- 5Y*
- —
- 10Y*
- —
XHYD vs. IBHH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHYD BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF | 0.44% | 8.33% | 6.29% | 11.75% | -3.63% |
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 1.66% | 8.02% | 7.53% | 12.87% | -6.70% |
Correlation
The correlation between XHYD and IBHH is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2022 | 0.78 |
Over the past year, the correlation between XHYD and IBHH has dropped to 0.36 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
XHYD vs. IBHH — Risk / Return Rank
XHYD
IBHH
XHYD vs. IBHH - 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 iShares iBonds 2028 Term High Yield and Income ETF (IBHH). 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.
| XHYD | IBHH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.46 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 5.41 | -3.06 |
| Martin ratioReturn relative to average drawdown | 10.53 | 21.70 | -11.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XHYD | IBHH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 2.35 | -0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.73 | -0.06 |
Drawdowns
XHYD vs. IBHH - Drawdown Comparison
The maximum XHYD drawdown since its inception was -11.02%, smaller than the maximum IBHH drawdown of -12.05%. Use the drawdown chart below to compare losses from any high point for XHYD and IBHH.
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Drawdown Indicators
| XHYD | IBHH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.02% | -12.05% | +1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -1.22% | -1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -3.70% | -4.66% | +0.96% |
Current DrawdownCurrent decline from peak | -1.08% | -0.07% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -2.30% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.30% | +0.26% |
Volatility
XHYD vs. IBHH - Volatility Comparison
BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF (XHYD) has a higher volatility of 1.83% compared to iShares iBonds 2028 Term High Yield and Income ETF (IBHH) at 0.77%. This indicates that XHYD's price experiences larger fluctuations and is considered to be riskier than IBHH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XHYD | IBHH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 0.77% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 2.08% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 2.82% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 7.26% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.15% | 7.26% | -0.11% |
XHYD vs. IBHH - Expense Ratio Comparison
Both XHYD and IBHH have an expense ratio of 0.35%.
Dividends
XHYD vs. IBHH - Dividend Comparison
XHYD's dividend yield for the trailing twelve months is around 5.31%, less than IBHH's 6.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 6.27% | 6.39% | 6.93% | 6.65% | 5.36% |
XHYD BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF | 5.31% | 5.83% | 6.32% | 5.80% | 5.01% |
Frequently Asked Questions
XHYD and IBHH have a correlation of 0.36, 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 IBHH (0.77%). In terms of maximum drawdown, XHYD dropped -11.02% vs IBHH's -12.05%.
On 3-year performance, IBHH leads with 8.48% vs 7.51% for XHYD. Both ETFs have the same 0.35% expense ratio. On volatility, IBHH has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBHH has performed better with a 8.48% return vs 7.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XHYD and IBHH have the same expense ratio: 0.35% per year.
IBHH has the higher dividend yield at 6.27%, compared with 5.31% for XHYD.
XHYD tracks ICE Diversified US Cash Pay High Yield Consumer Non-Cyclical, while IBHH tracks Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. They also come from different issuers: BondBloxx and iShares.
IBHH currently has the higher Sharpe Ratio (2.35 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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