CAAA vs HYBX
Comparison between FIRST TRUST AAA CMBS ETF (CAAA, ETF) and TCW High Yield Bond ETF (HYBX, ETF).
CAAA vs HYBX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
CAAA vs HYBX - Holdings Comparison
CAAA and HYBX have 0 common holdings. Overlap is 0.00%
CAAA's top 25 holdings weight is 4.13%. HYBX's top 25 holdings weight is 0.02%.
| Rank | CAAA | HYBX |
|---|---|---|
| #1 | MORGAN STANLEY INSTL LQUDTY TRS INSTL (MISXX) - 4.13% | TCW FDS (TGCXX) - 0.02% |
| #2 | N/A | N/A |
| #3 | N/A | N/A |
| #4 | N/A | N/A |
| #5 | N/A | N/A |
| #6 | N/A | N/A |
| #7 | N/A | N/A |
| #8 | N/A | N/A |
| #9 | N/A | N/A |
| #10 | N/A | N/A |
| #11 | N/A | N/A |
| #12 | N/A | N/A |
| #13 | N/A | N/A |
| #14 | N/A | N/A |
| #15 | N/A | N/A |
| #16 | N/A | N/A |
| #17 | N/A | N/A |
| #18 | N/A | N/A |
| #19 | N/A | N/A |
| #20 | N/A | N/A |
| #21 | N/A | N/A |
| #22 | N/A | N/A |
| #23 | N/A | N/A |
| #24 | N/A | N/A |
| #25 | N/A | N/A |
| Total Holdings | 1 | 1 |
CAAA vs HYBX - Historical Returns
Returns include dividend reinvestment.
CAAA vs HYBX - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | CAAA | HYBX |
|---|---|---|
| 2026 | +0.41% | +1.12% |
| 2025 | +7.92% | +6.16% |
| 2024 | +4.65% | -0.26% |
CAAA vs HYBX Drawdown Comparison
The maximum drawdown for CAAA was -2.24%, occurring on Nov 13, 2024. Recovery took 107 trading sessions.
The maximum drawdown for HYBX was -3.92%, occurring on Apr 8, 2025. Recovery took 50 trading sessions.
The current CAAA drawdown is -1.21%. The current HYBX drawdown is -0.93%.
| Rank | CAAA | HYBX |
|---|---|---|
| #1 | -2.24% Sep 17, 2024 - Feb 21, 2025 | -3.92% Feb 28, 2025 - May 12, 2025 |
| #2 | -2.08% Feb 17, 2026 - Mar 27, 2026 | -2.15% Jan 27, 2026 - Apr 8, 2026 |
| #3 | -1.63% Mar 27, 2024 - Jun 3, 2024 | -1.76% Oct 28, 2025 - Dec 19, 2025 |
| #4 | -1.47% Apr 4, 2025 - Apr 28, 2025 | -1.72% Dec 6, 2024 - Jan 24, 2025 |
| #5 | -1.01% Sep 15, 2025 - Oct 27, 2025 | -1.49% Aug 13, 2025 - Sep 2, 2025 |
| #6 | -0.97% May 1, 2025 - Jun 4, 2025 | -1.48% Sep 23, 2025 - Oct 28, 2025 |
| #7 | -0.90% Aug 5, 2024 - Aug 21, 2024 | -1.38% Dec 19, 2025 - Dec 23, 2025 |
| #8 | -0.83% Nov 28, 2025 - Jan 12, 2026 | -1.38% Apr 27, 2026 - May 19, 2026 |
| #9 | -0.83% Jun 30, 2025 - Aug 1, 2025 | -0.85% Nov 18, 2024 - Dec 3, 2024 |
| #10 | -0.79% Mar 8, 2024 - Mar 27, 2024 | -0.84% May 20, 2025 - May 28, 2025 |
| #11 | -0.72% Jun 18, 2024 - Jul 5, 2024 | -0.81% Jan 20, 2026 - Jan 27, 2026 |
| #12 | -0.62% Jun 6, 2024 - Jun 13, 2024 | -0.72% Jul 9, 2025 - Jul 21, 2025 |
| #13 | -0.59% Jul 16, 2024 - Jul 31, 2024 | -0.69% Jul 23, 2025 - Aug 11, 2025 |
| #14 | -0.56% Jan 12, 2026 - Feb 5, 2026 | -0.68% Sep 5, 2025 - Sep 18, 2025 |
| #15 | -0.53% Oct 27, 2025 - Nov 18, 2025 | -0.66% Dec 24, 2025 - Jan 2, 2026 |
Correlation
Correlation between CAAA and HYBX is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2024 - 2026)
CAAA vs HYBX dividend yield comparison.
| Year | CAAA | HYBX |
|---|---|---|
| 2026 | 1.86% | 3.21% |
| 2025 | 6.09% | 7.82% |
| 2024 | 4.01% | 1.08% |
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