XHYI vs. PHYD

Last updated Apr 3, 2026

Compare and contrast key facts about BondBloxx US High Yield Industrial Sector ETF (XHYI) and Putnam ESG High Yield ETF - (PHYD).

XHYI and PHYD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHYI is a passively managed fund by BondBloxx that tracks the performance of the ICE Diversified US Cash Pay High Yield Core Industrial Index. It was launched on Feb 15, 2022. PHYD is an actively managed fund by Putnam. It was launched on Jan 19, 2023.

Performance

XHYI vs. PHYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx US High Yield Industrial Sector ETF (XHYI) and Putnam ESG High Yield ETF - (PHYD). The values are adjusted to include any dividend payments, if applicable.

XHYI vs. PHYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XHYI BondBloxx US High Yield Industrial Sector ETF	-0.78%	7.90%	7.46%	8.43%
PHYD Putnam ESG High Yield ETF -	0.87%	8.84%	7.35%	8.07%

Returns By Period

In the year-to-date period, XHYI achieves a -0.78% return, which is significantly lower than PHYD's 0.87% return.

XHYI

• 1D: 0.00%
• 1M: -0.80%
• YTD: -0.78%
• 6M: 0.52%
• 1Y: 6.43%
• 3Y*: 7.11%
• 5Y*: —
• 10Y*: —

PHYD

• 1D: 0.45%
• 1M: 0.76%
• YTD: 0.87%
• 6M: 2.60%
• 1Y: 8.58%
• 3Y*: 8.37%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XHYI vs. PHYD - Expense Ratio Comparison

XHYI has a 0.35% expense ratio, which is lower than PHYD's 0.55% expense ratio.

PHYD

Putnam ESG High Yield ETF -

XHYI

BondBloxx US High Yield Industrial Sector ETF

Return for Risk

XHYI vs. PHYD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XHYI

XHYI Risk / Return Rank: 72
XHYI Sharpe Ratio Rank: 74
XHYI Sortino Ratio Rank: 79
XHYI Omega Ratio Rank: 74
XHYI Calmar Ratio Rank: 62
XHYI Martin Ratio Rank: 71

PHYD

PHYD Risk / Return Rank: 85
PHYD Sharpe Ratio Rank: 83
PHYD Sortino Ratio Rank: 90
PHYD Omega Ratio Rank: 92
PHYD Calmar Ratio Rank: 72
PHYD Martin Ratio Rank: 88

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.

XHYI vs. PHYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Industrial Sector ETF (XHYI) and Putnam ESG High Yield ETF - (PHYD). 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.

	XHYI	PHYD	Difference
Sharpe ratio Return per unit of total volatility	1.40	1.71	-0.31
Sortino ratio Return per unit of downside risk	2.15	2.70	-0.55
Omega ratio Gain probability vs. loss probability	1.29	1.41	-0.12
Calmar ratio Return relative to maximum drawdown	1.93	2.36	-0.43
Martin ratio Return relative to average drawdown	8.84	12.66	-3.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XHYI vs. PHYD - Sharpe Ratio Comparison

The current XHYI Sharpe Ratio is 1.40, which is comparable to the PHYD Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of XHYI and PHYD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XHYI	PHYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	1.71	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	1.70	-0.98

Correlation

The correlation between XHYI and PHYD is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XHYI vs. PHYD - Dividend Comparison

XHYI's dividend yield for the trailing twelve months is around 6.70%, less than PHYD's 9.71% yield.

	TTM	2025	2024	2023	2022
XHYI BondBloxx US High Yield Industrial Sector ETF	6.70%	6.49%	6.89%	6.41%	5.57%
PHYD Putnam ESG High Yield ETF -	9.71%	6.63%	6.80%	6.15%	0.00%

Drawdowns

XHYI vs. PHYD - Drawdown Comparison

The maximum XHYI drawdown since its inception was -10.96%, which is greater than PHYD's maximum drawdown of -4.33%. Use the drawdown chart below to compare losses from any high point for XHYI and PHYD.

Drawdown Indicators

	XHYI	PHYD	Difference
Max Drawdown Largest peak-to-trough decline	-10.96%	-4.33%	-6.63%
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	-2.81%	-0.01%
Current Drawdown Current decline from peak	-1.60%	-0.04%	-1.56%
Average Drawdown Average peak-to-trough decline	-1.77%	-0.65%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	0.69%	+0.05%

Volatility

XHYI vs. PHYD - Volatility Comparison

BondBloxx US High Yield Industrial Sector ETF (XHYI) and Putnam ESG High Yield ETF - (PHYD) have volatilities of 1.92% and 1.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XHYI	PHYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.92%	1.96%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	2.83%	2.67%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	4.62%	5.05%	-0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.05%	4.65%	+2.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.05%	4.65%	+2.40%