XHYF vs. SHYL
XHYF (BondBloxx US High Yield Financial & REIT Sector ETF) and SHYL (Xtrackers Short Duration High Yield Bond ETF) are both High Yield Bonds funds - XHYF tracks the ICE Diversified US Cash Pay High Yield Financial & REIT while SHYL tracks the Solactive USD High Yield Corporates Total Market 0-5 Year Index. Both are passively managed. Over the past 3 years, XHYF returned 9.29%/yr vs 8.28%/yr for SHYL. Their correlation of 0.85 suggests significant overlap in exposure. XHYF charges 0.35%/yr vs 0.20%/yr for SHYL.
Performance
XHYF vs. SHYL - Performance Comparison
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Returns By Period
In the year-to-date period, XHYF achieves a -0.10% return, which is significantly lower than SHYL's 1.15% return.
XHYF
- 1D
- 0.00%
- 1M
- -0.31%
- YTD
- -0.10%
- 6M
- 0.47%
- 1Y
- 5.05%
- 3Y*
- 9.29%
- 5Y*
- —
- 10Y*
- —
SHYL
- 1D
- -0.20%
- 1M
- 0.16%
- YTD
- 1.15%
- 6M
- 1.57%
- 1Y
- 6.04%
- 3Y*
- 8.28%
- 5Y*
- 4.87%
- 10Y*
- —
XHYF vs. SHYL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHYF BondBloxx US High Yield Financial & REIT Sector ETF | -0.10% | 8.69% | 8.65% | 13.29% | -7.22% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 1.15% | 7.78% | 8.52% | 11.39% | -2.85% |
Correlation
The correlation between XHYF and SHYL is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.85 |
Over the past year, the correlation between XHYF and SHYL has dropped to 0.53 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
XHYF vs. SHYL — Risk / Return Rank
XHYF
SHYL
XHYF vs. SHYL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Financial & REIT Sector ETF (XHYF) and Xtrackers Short Duration High Yield Bond ETF (SHYL). 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.
| XHYF | SHYL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.38 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 3.81 | -2.10 |
| Martin ratioReturn relative to average drawdown | 7.44 | 15.01 | -7.57 |
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
| XHYF | SHYL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.90 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.72 | +0.01 |
Drawdowns
XHYF vs. SHYL - Drawdown Comparison
The maximum XHYF drawdown since its inception was -12.92%, smaller than the maximum SHYL drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for XHYF and SHYL.
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Drawdown Indicators
| XHYF | SHYL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.92% | -19.26% | +6.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -1.59% | -1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -4.73% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.60% | — |
Current DrawdownCurrent decline from peak | -0.61% | -0.23% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -1.54% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.40% | +0.34% |
Volatility
XHYF vs. SHYL - Volatility Comparison
BondBloxx US High Yield Financial & REIT Sector ETF (XHYF) has a higher volatility of 0.94% compared to Xtrackers Short Duration High Yield Bond ETF (SHYL) at 0.85%. This indicates that XHYF's price experiences larger fluctuations and is considered to be riskier than SHYL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XHYF | SHYL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.85% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 2.45% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 3.20% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.14% | 5.84% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.14% | 6.69% | +0.45% |
XHYF vs. SHYL - Expense Ratio Comparison
XHYF has a 0.35% expense ratio, which is higher than SHYL's 0.20% expense ratio.
Dividends
XHYF vs. SHYL - Dividend Comparison
XHYF's dividend yield for the trailing twelve months is around 6.27%, less than SHYL's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SHYL Xtrackers Short Duration High Yield Bond ETF | 6.94% | 7.02% | 7.26% | 6.60% | 5.52% | 4.65% | 6.16% | 5.93% | 5.54% |
XHYF BondBloxx US High Yield Financial & REIT Sector ETF | 6.27% | 6.73% | 7.11% | 7.00% | 5.47% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XHYF and SHYL have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XHYF has higher volatility (0.94%) compared to SHYL (0.85%). In terms of maximum drawdown, XHYF dropped -12.92% vs SHYL's -19.26%.
On 3-year performance, XHYF leads with 9.29% vs 8.28% for SHYL. On fees, SHYL is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XHYF has performed better with a 9.29% return vs 8.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHYL is cheaper with a 0.20% expense ratio, compared with 0.35% for XHYF.
SHYL has the higher dividend yield at 6.94%, compared with 6.27% for XHYF.
XHYF tracks ICE Diversified US Cash Pay High Yield Financial & REIT, while SHYL tracks Solactive USD High Yield Corporates Total Market 0-5 Year Index. They also come from different issuers: BondBloxx and Deutsche Bank. Their fees differ too: 0.35% for XHYF and 0.20% for SHYL.
SHYL currently has the higher Sharpe Ratio (1.90 vs 1.57), 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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