HYBX vs HYDB
TCW High Yield Bond ETF vs iShares High Yield Systematic Bond ETF
Which is better, HYBX or HYDB?
HYBX has been ahead.
HYDB has a lower expense ratio. HYBX 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 | HYBX | HYDB |
|---|---|---|
| Expense Ratio | 0.50% | 0.35%Best |
| AUM | - | $1.6B |
| Dividend Yield | 8.24% | 7.16% |
| Holdings | 253 | 252 |
| YTD Return | +0.48%Best | -5.91% |
| 1Y Return | +2.01%Best | -4.61% |
| 3Y Return (annualized) | - | +6.25% |
| 5Y Return (annualized) | - | +2.70% |
| Volatility (annualized) | 3.3%Best | 4.4% |
| Max Drawdown | -3.9%Best | -6.5% |
| $10,000 over 1.9 years | $10,742Best | $10,124 |
| Fund Family | TCW ETFs | iShares by BlackRock (US) |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Feb 1, 1989 | Jul 11, 2017 |
Not shown on this pair: 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 14, 2026 (1.9 years).
HYBX vs HYDB 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.
HYBX vs HYDB Performance
TCW High Yield Bond ETF (HYBX) is an ETF from TCW ETFs and iShares High Yield Systematic Bond ETF (HYDB) is an ETF from iShares by BlackRock (US). Over the past year HYBX returned +2.01% while HYDB returned -4.61%. Year to date, HYBX is up 0.48% versus a loss of 5.91% for HYDB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HYDB has been the more volatile fund, with annualized monthly volatility of 4.4% 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 -3.9% for HYBX and -6.5% for HYDB. 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
HYBX charges 0.50% per year while HYDB charges 0.35%. On a $10,000 position that is $50 vs $35 annually, a gap of $15 per year that compounds over a long holding period. On income, HYBX currently yields 8.24% against 7.16% for HYDB.
Holdings Overlap
We hold position weights for 148 holdings in HYBX and 183 in HYDB, totalling 67.6% and 73.3% 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, 14 positions appear in both.
14 positions in common, counted across the 148 positions we hold weights for in HYBX and 183 in HYDB, against full books of 253 and 252.
Top Shared Holdings
| Stock | Weight in HYBX | Weight in HYDB | Difference |
|---|---|---|---|
| WIN 8.25 10/01/31 14Windstream Escrow Llc / Windstream Escrow Finance Corp 8.25% 2031-10-01 | 0.58% | 0.71% | 0.13% |
| SURCEN 7.25 04/15/32Surgery Center Holdings Inc 144A 7.250000% 04/15/2032 | 0.53% | 0.75% | 0.22% |
| BECN 6.75 04/30/32 1Queen Mergerco Inc 144A 6.75% Apr 30, 2032 | 0.45% | 0.74% | 0.29% |
| CZR 6 10/15/32 144ACaesars Entertain 6% 10/15/32 | 0.42% | 0.73% | 0.31% |
| SNAP 6.875 03/01/33 | 0.64% | 0.49% | 0.15% |
| VEGLPL 7.75 05/01/35Venture Global Plaquemines Lng Lln 144A 7.75% May 01, 2035 | 0.38% | 0.74% | 0.36% |
| VEGLPL 6.75 01/15/36Venture Global Plaque Sr Secured 144A 01/36 6.75 | 0.57% | 0.51% | 0.06% |
| IEP 9.75 01/15/29Icahn Enterprises Lp 9.75 01/15/2029 | 0.51% | 0.50% | 0.01% |
| IEP 10 11/15/29 144AIcahn Enterprises/Fin Sr Secured 144A 11/29 10 | 0.41% | 0.50% | 0.09% |
| UNIT 8.625 06/15/32 | 0.37% | 0.43% | 0.06% |
You are not choosing between two funds in isolation.
Whichever of HYBX and HYDB 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, HYBX or HYDB?
HYBX has an expense ratio of 0.50% while HYDB charges 0.35%. HYDB is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, HYBX or HYDB?
Over the past year HYBX returned +2.01% vs -4.61% for HYDB, so HYBX leads on 1-year performance. Over the longest common window we track (2 years), HYBX annualized +3.84% vs +0.65% for HYDB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HYBX or HYDB?
HYDB has been the more volatile fund at 4.4% annualized versus 3.3% for HYBX. Worst drawdown: HYBX -3.9% vs HYDB -6.5%.
Should I hold both HYBX and HYDB?
HYBX and HYDB 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, HYBX or HYDB?
HYBX yields 8.24% while HYDB yields 7.16%, so HYBX currently pays the higher dividend yield.
Is HYDB better than HYBX?
HYDB has a lower expense ratio. HYBX 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.