BRHY vs HYBX
iShares High Yield Active ETF vs TCW High Yield Bond ETF
Which is better, BRHY or HYBX?
BRHY has been ahead.
BRHY has a lower expense ratio. BRHY led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BRHY | HYBX |
|---|---|---|
| Expense Ratio | 0.45%Best | 0.50% |
| AUM | $133M | - |
| Dividend Yield | 7.77% | 8.24% |
| Holdings | 910 | 253 |
| YTD Return | +0.29% | +0.62%Best |
| 1Y Return | +2.26%Best | +1.75% |
| Volatility (annualized) | 3.8% | 3.3%Best |
| Max Drawdown | -4.4% | -3.9%Best |
| $10,000 over 1.9 years | $11,075Best | $10,756 |
| Fund Family | BlackRock, Inc. (US) | TCW ETFs |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Jun 17, 2024 | Feb 1, 1989 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 18, 2024 to Oct 15, 2026 (1.9 years).
BRHY vs HYBX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
BRHY vs HYBX Performance
iShares High Yield Active ETF (BRHY) is an ETF from BlackRock, Inc. (US) and TCW High Yield Bond ETF (HYBX) is an ETF from TCW ETFs. Over the past year BRHY returned +2.26% while HYBX returned +1.75%. Year to date, BRHY is up 0.29% versus a gain of 0.62% for HYBX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BRHY has been the more volatile fund, with annualized monthly volatility of 3.8% compared with 3.3% for HYBX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -4.4% for BRHY and -3.9% for HYBX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BRHY charges 0.45% per year while HYBX charges 0.50%. On a $10,000 position that is $45 vs $50 annually, a gap of $5 per year that compounds over a long holding period. On income, BRHY currently yields 7.77% against 8.24% for HYBX.
Holdings Overlap
We hold position weights for 512 holdings in BRHY and 148 in HYBX, totalling 61.1% and 67.6% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 66 positions appear in both.
66 positions in common, counted across the 512 positions we hold weights for in BRHY and 148 in HYBX, against full books of 910 and 253.
Top Shared Holdings
| Stock | Weight in BRHY | Weight in HYBX | Difference |
|---|---|---|---|
| BHCCN 10 04/15/32 141261229 Bc Ltd 144A 10% Apr 15, 2032 | 1.02% | 1.32% | 0.30% |
| LVLT 6.875 06/30/33 | 0.81% | 0.82% | 0.01% |
| TDG 6.375 05/31/33 1Transdigm Inc 6.375% 05/31/33 | 0.73% | 0.78% | 0.05% |
| SATS 10.75 11/30/29 | 0.51% | 1.00% | 0.49% |
| WASPRO 7 02/01/33 14Waste Pro Usa Inc Regd 144A P/P 7.00000000 | 0.48% | 0.80% | 0.32% |
| WIN 8.25 10/01/31 14Windstream Escrow Llc / Windstream Escrow Finance Corp 8.25% 2031-10-01 | 0.49% | 0.58% | 0.09% |
| HBGCN 7.25 06/15/30 | 0.60% | 0.45% | 0.15% |
| GFLCN 4 08/01/28 144Gfl Environmental Inc 4% 08/01/2028 | 0.07% | 0.98% | 0.91% |
| ALIANT 7 01/15/31 14Alliant Holdings 7% 01/31 | 0.32% | 0.65% | 0.33% |
| SURCEN 7.25 04/15/32Surgery Center Holdings Inc 144A 7.250000% 04/15/2032 | 0.43% | 0.53% | 0.10% |
You are not choosing between two funds in isolation.
Whichever of BRHY and HYBX you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BRHY or HYBX?
BRHY has an expense ratio of 0.45% while HYBX charges 0.50%. BRHY is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, BRHY or HYBX?
Over the past year BRHY returned +2.26% vs +1.75% for HYBX, so BRHY leads on 1-year performance. Over the longest common window we track (2 years), BRHY annualized +5.52% vs +3.91% for HYBX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BRHY or HYBX?
BRHY has been the more volatile fund at 3.8% annualized versus 3.3% for HYBX. Worst drawdown: BRHY -4.4% vs HYBX -3.9%.
Should I hold both BRHY and HYBX?
BRHY and HYBX have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BRHY or HYBX?
BRHY yields 7.77% while HYBX yields 8.24%, so HYBX currently pays the higher dividend yield.
Is HYBX better than BRHY?
BRHY has a lower expense ratio. BRHY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.