ETF Evaluator: Xtrackers USD High Yld BB-B ex Fin ETF () Follow This ETF

Xtrackers USD High Yld BB-B ex Fin ETF Overview

Xtrackers USD High Yld BB-B ex Fin ETF (BHYB) is a passively managed Taxable Bond High Yield Bond exchange-traded fund (ETF). Xtrackers launched the ETF in 2023.

The investment seeks results that correspond generally to the performance, before fees and expenses, of the ICE BofA BB-B Non-FNCL Non-Distressed U.S. HY Constrained Index. The fund, using a passive or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the underlying index. The underlying index is a subset of the ICE BofA U.S. High Yield Index, which is designed to track the performance of U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market. The fund is non-diversified.

About Xtrackers USD High Yld BB-B ex Fin ETF (BHYB)

There are 2 members of the management team with an average tenure of 2.52 years: Benjamin Spalding (2023) and Nancy Thai (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: ICE BofA BB-B N F N D U.S. HY Con TR USD index with a weighting of 100%. Xtrackers USD High Yld BB-B ex Fin ETF has 1468 securities in its portfolio. The top 10 holdings constitute 3.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Xtrackers USD High Yld BB-B ex Fin ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Xtrackers USD High Yld BB-B ex Fin ETF has 12.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.5% (86.3% domestic bond, 12.2% foreign bond and 0.0% convertible bond). Xtrackers USD High Yld BB-B ex Fin ETF has 1.5% of the portfolio in cash.

Assets Under Management

The fund has $2 billion in total assets, which is above the $1 billion average for the High Yield Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

BHYB Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Xtrackers USD High Yld BB-B ex Fin ETF expense ratio is below average compared to funds in the High Yield Bond category. Xtrackers USD High Yld BB-B ex Fin ETF has an expense ratio of 0.20%, which is 50% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Xtrackers USD High Yld BB-B ex Fin ETF has a portfolio turnover rate of 37%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 69% for the High Yield Bond category.

Recently, in the month of July 2026, Xtrackers USD High Yld BB-B ex Fin ETF returned -0.3%, which earned it a grade of C, as the High Yield Bond category had an average return of -0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Xtrackers USD High Yld BB-B ex Fin ETF has a trailing yield of 6.34%, which is below the 6.77% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Xtrackers USD High Yld BB-B ex Fin ETF Grades

Year to date, the ETF has returned 1.8%, 0.2 percentage points better than the category, which translates into a grade of B. The fund has returned 5.6% over the past year (grade of A).

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