AHYB vs. FUSI

Last updated Jun 5, 2026

AHYB (American Century Select High Yield ETF) and FUSI (American Century Multisector Floating Income ETF) are both exchange-traded funds - AHYB is a High Yield Bonds fund tracking the ICE BofA US High Yield Constrained (BB), while FUSI is a Ultrashort Bond fund actively managed by American Century. AHYB is passively managed, while FUSI is actively managed. Over the past 3 years, AHYB returned 8.04%/yr vs 5.99%/yr for FUSI. At a 0.21 correlation, their price movements are largely independent. AHYB charges 0.45%/yr vs 0.28%/yr for FUSI.

Performance

AHYB vs. FUSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Select High Yield ETF (AHYB) and American Century Multisector Floating Income ETF (FUSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AHYB achieves a 1.31% return, which is significantly lower than FUSI's 2.52% return.

AHYB

• 1D: 0.18%
• 1M: 0.40%
• YTD: 1.31%
• 6M: 2.00%
• 1Y: 6.50%
• 3Y*: 8.04%
• 5Y*: —
• 10Y*: —

FUSI

• 1D: 0.12%
• 1M: 0.84%
• YTD: 2.52%
• 6M: 2.92%
• 1Y: 5.54%
• 3Y*: 5.99%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AHYB vs. FUSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AHYB American Century Select High Yield ETF	1.31%	8.96%	6.32%	9.87%
FUSI American Century Multisector Floating Income ETF	2.52%	4.85%	6.19%	5.89%

Correlation

The correlation between AHYB and FUSI is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Mar 17, 2023	0.21

The correlation between AHYB and FUSI shifts across timeframes, from 0.21 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AHYB vs. FUSI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AHYB

AHYB Risk / Return Rank: 62
AHYB Sharpe Ratio Rank: 59
AHYB Sortino Ratio Rank: 63
AHYB Omega Ratio Rank: 64
AHYB Calmar Ratio Rank: 56
AHYB Martin Ratio Rank: 69

FUSI

FUSI Risk / Return Rank: 98
FUSI Sharpe Ratio Rank: 98
FUSI Sortino Ratio Rank: 99
FUSI Omega Ratio Rank: 99
FUSI Calmar Ratio Rank: 98
FUSI Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AHYB vs. FUSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Select High Yield ETF (AHYB) and American Century Multisector Floating Income ETF (FUSI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AHYB	FUSI	Difference
Sharpe ratio: Return per unit of total volatility	1.95	6.14	-4.19
Sortino ratio: Return per unit of downside risk	2.91	9.53	-6.63
Omega ratio: Gain probability vs. loss probability	1.38	3.03	-1.65
Calmar ratio: Return relative to maximum drawdown	2.71	12.50	-9.79
Martin ratio: Return relative to average drawdown	12.65	92.85	-80.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AHYB vs. FUSI - Sharpe Ratio Comparison

The current AHYB Sharpe Ratio is 1.95, which is lower than the FUSI Sharpe Ratio of 6.14. The chart below compares the historical Sharpe Ratios of AHYB and FUSI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AHYB	FUSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	6.14	-4.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	5.60	-5.06

Drawdowns

AHYB vs. FUSI - Drawdown Comparison

The maximum AHYB drawdown since its inception was -14.76%, which is greater than FUSI's maximum drawdown of -0.70%. Use the drawdown chart below to compare losses from any high point for AHYB and FUSI.

Drawdown Indicators

	AHYB	FUSI	Difference
Max Drawdown Largest peak-to-trough decline	-14.76%	-0.70%	-14.06%
Max Drawdown (1Y) Largest decline over 1 year	-2.41%	-0.45%	-1.96%
Max Drawdown (3Y) Largest decline over 3 years	-3.89%	-0.70%	-3.19%
Current Drawdown Current decline from peak	-0.13%	0.00%	-0.13%
Average Drawdown Average peak-to-trough decline	-3.46%	-0.04%	-3.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	0.06%	+0.46%

Volatility

AHYB vs. FUSI - Volatility Comparison

American Century Select High Yield ETF (AHYB) has a higher volatility of 1.05% compared to American Century Multisector Floating Income ETF (FUSI) at 0.27%. This indicates that AHYB's price experiences larger fluctuations and is considered to be riskier than FUSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AHYB	FUSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	0.27%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	2.57%	0.62%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	3.36%	0.91%	+2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.14%	1.09%	+6.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.14%	1.09%	+6.05%

AHYB vs. FUSI - Expense Ratio Comparison

AHYB has a 0.45% expense ratio, which is higher than FUSI's 0.28% expense ratio.

Dividends

AHYB vs. FUSI - Dividend Comparison

AHYB's dividend yield for the trailing twelve months is around 6.00%, more than FUSI's 5.25% yield.

Position	TTM	2025	2024	2023	2022	2021
AHYB American Century Select High Yield ETF	6.00%	5.80%	5.87%	5.28%	5.06%	0.60%
FUSI American Century Multisector Floating Income ETF	5.25%	5.28%	5.98%	4.97%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AHYB and FUSI in my portfolio?

AHYB and FUSI have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AHYB or FUSI?

AHYB has higher volatility (1.05%) compared to FUSI (0.27%). In terms of maximum drawdown, AHYB dropped -14.76% vs FUSI's -0.70%.

Which ETF is better, AHYB or FUSI?

On 3-year performance, AHYB leads with 8.04% vs 5.99% for FUSI. On fees, FUSI is cheaper at 0.28% per year. On volatility, FUSI has been the lower-risk option at 0.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AHYB or FUSI?

Over the 3-year period, AHYB has performed better with a 8.04% return vs 5.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AHYB or FUSI?

FUSI is cheaper with a 0.28% expense ratio, compared with 0.45% for AHYB.

Which ETF pays a higher dividend yield, AHYB or FUSI?

AHYB has the higher dividend yield at 6.00%, compared with 5.25% for FUSI.

What is the main difference between AHYB and FUSI?

AHYB is categorized as High Yield Bonds, while FUSI is Ultrashort Bond. Their fees differ too: 0.45% for AHYB and 0.28% for FUSI.

Which has better risk-adjusted returns?

FUSI currently has the higher Sharpe Ratio (6.14 vs 1.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.