XHYE vs. USHY
XHYE (BondBloxx US High Yield Energy Sector ETF) and USHY (iShares Broad USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - XHYE tracks the ICE Diversified US Cash Pay High Yield Energy Index while USHY tracks the ICE BofA US High Yield Constrained Index. Both are passively managed. Over the past 3 years, XHYE returned 8.50%/yr vs 9.01%/yr for USHY. Their correlation of 0.86 suggests significant overlap in exposure. XHYE charges 0.35%/yr vs 0.15%/yr for USHY.
Performance
XHYE vs. USHY - Performance Comparison
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Returns By Period
In the year-to-date period, XHYE achieves a 3.57% return, which is significantly higher than USHY's 1.64% return.
XHYE
- 1D
- 0.00%
- 1M
- -0.19%
- YTD
- 3.57%
- 6M
- 3.82%
- 1Y
- 8.97%
- 3Y*
- 8.50%
- 5Y*
- —
- 10Y*
- —
USHY
- 1D
- 0.22%
- 1M
- 0.46%
- YTD
- 1.64%
- 6M
- 1.98%
- 1Y
- 6.99%
- 3Y*
- 9.01%
- 5Y*
- 4.29%
- 10Y*
- —
XHYE vs. USHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHYE BondBloxx US High Yield Energy Sector ETF | 3.57% | 6.73% | 7.46% | 11.49% | -1.77% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 1.64% | 8.81% | 8.45% | 12.73% | -6.80% |
Correlation
The correlation between XHYE and USHY is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.86 |
Over the past year, the correlation between XHYE and USHY has dropped to 0.51 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
XHYE vs. USHY — Risk / Return Rank
XHYE
USHY
XHYE vs. USHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Energy Sector ETF (XHYE) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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.
| XHYE | USHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.37 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 8.50 | 2.89 | +5.61 |
| Martin ratioReturn relative to average drawdown | 26.98 | 12.99 | +13.99 |
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
| XHYE | USHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.18 | 1.93 | +1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.58 | +0.26 |
Drawdowns
XHYE vs. USHY - Drawdown Comparison
The maximum XHYE drawdown since its inception was -8.87%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for XHYE and USHY.
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Drawdown Indicators
| XHYE | USHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.87% | -22.44% | +13.57% |
Max Drawdown (1Y)Largest decline over 1 year | -1.21% | -2.43% | +1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -6.40% | -4.66% | -1.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.56% | — |
Current DrawdownCurrent decline from peak | -0.36% | -0.06% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -2.66% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.54% | -0.16% |
Volatility
XHYE vs. USHY - Volatility Comparison
The current volatility for BondBloxx US High Yield Energy Sector ETF (XHYE) is 0.56%, while iShares Broad USD High Yield Corporate Bond ETF (USHY) has a volatility of 1.14%. This indicates that XHYE experiences smaller price fluctuations and is considered to be less risky than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XHYE | USHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 1.14% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 2.92% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 3.65% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.60% | 7.34% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.60% | 8.25% | -0.65% |
XHYE vs. USHY - Expense Ratio Comparison
XHYE has a 0.35% expense ratio, which is higher than USHY's 0.15% expense ratio.
Dividends
XHYE vs. USHY - Dividend Comparison
XHYE's dividend yield for the trailing twelve months is around 5.79%, less than USHY's 6.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.91% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% |
XHYE BondBloxx US High Yield Energy Sector ETF | 5.79% | 6.55% | 7.04% | 6.46% | 5.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XHYE and USHY have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USHY has higher volatility (1.14%) compared to XHYE (0.56%). In terms of maximum drawdown, XHYE dropped -8.87% vs USHY's -22.44%.
On 3-year performance, USHY leads with 9.01% vs 8.50% for XHYE. On fees, USHY is cheaper at 0.15% per year. On volatility, XHYE has been the lower-risk option at 0.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, USHY has performed better with a 9.01% return vs 8.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USHY is cheaper with a 0.15% expense ratio, compared with 0.35% for XHYE.
USHY has the higher dividend yield at 6.91%, compared with 5.79% for XHYE.
XHYE tracks ICE Diversified US Cash Pay High Yield Energy Index, while USHY tracks ICE BofA US High Yield Constrained Index. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.35% for XHYE and 0.15% for USHY.
XHYE currently has the higher Sharpe Ratio (3.18 vs 1.93), 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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