HYS Alternatives & Similar ETFs

PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HYS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HYS

HYS charges 0.56% annually. There are 95 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.

Symbol	Name	Expense Ratio	AUM	Inception
SCYB	Schwab High Yield Bond ETF	0.03%	2.75B	Jul 2023	HYS vs SCYB
SPHY	SPDR Portfolio High Yield Bond ETF	0.05%	11.60B	Jun 2012	HYS vs SPHY
NHYB	Nuveen High Yield Corporate Bond ETF	0.08%	1.70B	Sep 2025	HYS vs NHYB
HYLB	Xtrackers USD High Yield Corporate Bond ETF	0.15%	3.46B	Dec 2016	HYS vs HYLB
BBHY	JPMorgan BetaBuilders USD High Yield Corporate Bon...	0.15%	615.72M	Sep 2016	HYS vs BBHY

Best Risk-Adjusted Alternatives to HYS

HYS has a PortfoliosLab risk / return rank of 74. There are 29 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
BSJQ	Invesco BulletShares 2026 High Yield Corp Bond ETF	96	870.26M	Aug 2018	HYS vs BSJQ
SEIX	Virtus Seix Senior Loan ETF	96	251.21M	Apr 2019	HYS vs SEIX
HYZD	WisdomTree Interest Rate Hedged High Yield Bond Fu...	92	259.69M	Dec 2013	HYS vs HYZD
BSJR	Invesco BulletShares 2027 High Yield Corporate Bon...	90	865.81M	Sep 2019	HYS vs BSJR
LDRH	iShares iBonds 1-5 Year High Yield and Income Ladd...	90	22.57M	Nov 2024	HYS vs LDRH

Top Performing HYS Alternatives (YTD)

HYS is at 1.42% YTD. There are 71 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 6.35%.

Symbol	Name	YTD Return	AUM	Inception
DADS	Digital Asset Debt Strategy ETF	6.35%	—	Aug 2025	HYS vs DADS
MHY	Man Active High Yield ETF	5.89%	19.82M	Sep 2025	HYS vs MHY
HYEM	VanEck Emerging Markets High Yield Bond ETF	4.23%	521.46M	May 2012	HYS vs HYEM
HYHG	ProShares High Yield-Interest Rate Hedged	4.07%	185.42M	May 2013	HYS vs HYHG
HYGH	iShares Interest Rate Hedged High Yield Bond ETF	3.69%	596.69M	May 2014	HYS vs HYGH

Lowest Volatility Alternatives to HYS

HYS has 3.39% 1-year volatility. There are 40 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.

Symbol	Name	Volatility 1Y	AUM	Inception
ESHY	Xtrackers J.P. Morgan ESG USD High Yield Corporate...	0.00%	6.49M	Mar 2015	HYS vs ESHY
BSJQ	Invesco BulletShares 2026 High Yield Corp Bond ETF	1.30%	870.26M	Aug 2018	HYS vs BSJQ
SEIX	Virtus Seix Senior Loan ETF	1.63%	251.21M	Apr 2019	HYS vs SEIX
MYHA	State Street My2027 High Yield Corporate Bond ETF	1.73%	4.98M	Feb 2026	HYS vs MYHA
BSJR	Invesco BulletShares 2027 High Yield Corporate Bon...	1.95%	865.81M	Sep 2019	HYS vs BSJR

Lowest Drawdown Alternatives to HYS

HYS has a 1-year max drawdown of -1.88%. There are 18 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.54%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
BSJQ	Invesco BulletShares 2026 High Yield Corp Bond ETF	-0.54%	870.26M	Aug 2018	HYS vs BSJQ
IBHG	iShares iBonds 2027 Term High Yield and Income ETF	-0.73%	507.25M	Jul 2021	HYS vs IBHG
SEIX	Virtus Seix Senior Loan ETF	-1.13%	251.21M	Apr 2019	HYS vs SEIX
BSJR	Invesco BulletShares 2027 High Yield Corporate Bon...	-1.16%	865.81M	Sep 2019	HYS vs BSJR
IBHH	iShares iBonds 2028 Term High Yield and Income ETF	-1.22%	457.18M	Mar 2022	HYS vs IBHH

Other ETFs from PIMCO

The 10 most viewed PIMCO ETFs shown here include MINT, PYLD, BOND and span 12 categories. AUM among these funds goes as high as $16B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
MINT	PIMCO Enhanced Short Maturity Active ETF	Ultrashort Bond	100	2.47%	16.43B	Nov 2009	HYS vs MINT
PYLD	PIMCO Multisector Bond Active Exchange-Traded Fund	Multisector Bonds	67	0.83%	14.71B	Jun 2023	HYS vs PYLD
BOND	PIMCO Active Bond ETF	Intermediate Core-Plus Bond	37	-0.31%	8.31B	Mar 2012	HYS vs BOND
ZROZ	PIMCO 25+ Year Zero Coupon US Treasury Index Fund	Government Bonds, Long-Term Bond	6	-7.23%	1.37B	Oct 2009	HYS vs ZROZ
LTPZ	PIMCO 15+ Year U.S. TIPS Index ETF	Inflation-Protected Bonds	8	-3.75%	707.93M	Sep 2009	HYS vs LTPZ
MUNI	PIMCO Intermediate Municipal Bond Active ETF	Municipal Bonds	74	0.37%	3.09B	Nov 2009	HYS vs MUNI
EMNT	PIMCO Enhanced Short Maturity Active ESG ETF	Ultrashort Bond	99	2.37%	211.82M	Dec 2019	HYS vs EMNT
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	Large Cap Growth Equities, Multi-factor	89	16.05%	290.05M	Aug 2017	HYS vs MFUS
CMDT	PIMCO Commodity Strategy Active Exchange-Traded Fu...	Commodities	77	19.39%	750.61M	May 2023	HYS vs CMDT
CORP	PIMCO Investment Grade Corporate Bond Index ETF	Corporate Bonds, Investment Grade Bonds	30	-0.47%	1.60B	Sep 2010	HYS vs CORP

Often Compared With HYS

Investors most often compare HYS with USHY, HYLD, HYSZX. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
USHY	iShares Broad USD High Yield Corporate Bond ETF	High Yield Bonds	67	1.77%	28.59B	Oct 2017	HYS vs USHY
HYLD	High Yield ETF	High Yield Bonds	—	—	95.91M	Nov 2010	HYS vs HYLD
HYSZX	PGIM Short Duration High Yield Income Fund	High Yield Bonds	67	1.05%	—	Oct 2012	HYS vs HYSZX
LONZ	PIMCO Senior Loan Active Exchange-Traded Fund	Bank Loan	83	2.58%	574.01M	Jun 2022	HYS vs LONZ
HYBB	iShares BB Rated Corporate Bond ETF	High Yield Bonds	69	1.54%	425.75M	Oct 2020	HYS vs HYBB
SVOL	Simplify Volatility Premium ETF	Volatility	38	1.82%	523.04M	May 2021	HYS vs SVOL
RGHYX	RBC BlueBay High Yield Bond Fund	High Yield Bonds	73	1.35%	—	Nov 2011	HYS vs RGHYX
SMAX	iShares Large Cap Max Buffer Sep ETF	Defined Outcome	94	3.95%	—	Sep 2024	HYS vs SMAX
PIPNX	PIMCO Income Fund Class I-3	Multisector Bonds	48	0.16%	—	Apr 2018	HYS vs PIPNX
BAMY	Brookstone Yield ETF	Diversified Portfolio	80	1.25%	43.48M	Sep 2023	HYS vs BAMY
VTIP	Vanguard Short-Term Inflation-Protected Securities...	Inflation-Protected Bonds	92	1.83%	71.10B	Oct 2012	HYS vs VTIP
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	High Yield Bonds	77	1.80%	7.60B	Oct 2013	HYS vs SHYG
AJAN	Innovator Equity Defined Protection ETF - 2 Yr To ...	Options Trading	78	2.19%	—	Dec 2023	HYS vs AJAN
JBBB	Janus Henderson B-BBB CLO ETF	CLO	60	2.73%	1.41B	Jan 2022	HYS vs JBBB
MAXJ	iShares Large Cap Max Buffer Jun ETF	Equity Hedged	95	3.65%	—	Jun 2024	HYS vs MAXJ
IBHD	iShares iBonds 2024 Term High Yield & Income ETF	High Yield Bonds	—	—	310.08M	May 2019	HYS vs IBHD
IGBH	iShares Interest Rate Hedged Long-Term Corporate B...	Corporate Bonds	58	1.53%	221.97M	Jul 2015	HYS vs IGBH
PIMIX	PIMCO Income Fund Institutional Class	Multisector Bonds	52	0.23%	—	Mar 2007	HYS vs PIMIX
FSYD	Fidelity Sustainable High Yield ETF	High Yield Bonds	83	3.03%	136.92M	Feb 2022	HYS vs FSYD
FTSL	First Trust Senior Loan Fund	Bank Loan, High Yield Bonds	72	1.33%	2.32B	May 2013	HYS vs FTSL

Compare HYS with Any Fund or Stock

Compare HYS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair HYS with funds that move differently

PIMCO 0-5 Year High Yield Corporate Bond Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HYS.

Explore HYS Diversifiers

PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) Alternatives