XHYT vs. HYGH
Compare and contrast key facts about BondBloxx US High Yield Telecom Media Technology Sector ETF (XHYT) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
XHYT and HYGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHYT is a passively managed fund by BondBloxx that tracks the performance of the ICE Diversified US Cash Pay High Yield Telecom, Media, & Technology Index. It was launched on Feb 15, 2022. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XHYT or HYGH.
Key characteristics
| XHYT | HYGH | |
|---|---|---|
| YTD Return | 7.59% | 10.72% |
| 1Y Return | 15.46% | 14.15% |
| Sharpe Ratio | 2.63 | 2.95 |
| Sortino Ratio | 4.07 | 4.08 |
| Omega Ratio | 1.51 | 1.65 |
| Calmar Ratio | 2.03 | 3.68 |
| Martin Ratio | 8.58 | 29.50 |
| Ulcer Index | 1.72% | 0.47% |
| Daily Std Dev | 5.59% | 4.66% |
| Max Drawdown | -13.49% | -23.88% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between XHYT and HYGH is 0.79, 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.
Performance
XHYT vs. HYGH - Performance Comparison
In the year-to-date period, XHYT achieves a 7.59% return, which is significantly lower than HYGH's 10.72% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XHYT vs. HYGH - Expense Ratio Comparison
XHYT has a 0.35% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Risk-Adjusted Performance
XHYT vs. HYGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Telecom Media Technology Sector ETF (XHYT) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.
Dividends
XHYT vs. HYGH - Dividend Comparison
XHYT's dividend yield for the trailing twelve months is around 8.06%, less than HYGH's 8.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
XHYT BondBloxx US High Yield Telecom Media Technology Sector ETF | 8.06% | 7.54% | 5.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 8.16% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.59% | 5.74% | 3.62% |
Drawdowns
XHYT vs. HYGH - Drawdown Comparison
The maximum XHYT drawdown since its inception was -13.49%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for XHYT and HYGH. For additional features, visit the drawdowns tool.
Volatility
XHYT vs. HYGH - Volatility Comparison
BondBloxx US High Yield Telecom Media Technology Sector ETF (XHYT) has a higher volatility of 1.44% compared to iShares Interest Rate Hedged High Yield Bond ETF (HYGH) at 1.08%. This indicates that XHYT's price experiences larger fluctuations and is considered to be riskier than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.