BAC vs. USHY
BAC (Bank of America Corporation) is a stock, while USHY (iShares Broad USD High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the ICE BofA US High Yield Constrained Index. Over the past 5 years, BAC returned 7.45%/yr vs 4.16%/yr for USHY. At a 0.44 correlation, their price movements are largely independent.
Performance
BAC vs. USHY - Performance Comparison
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Returns By Period
In the year-to-date period, BAC achieves a -1.43% return, which is significantly lower than USHY's 1.29% return.
BAC
- 1D
- -0.37%
- 1M
- 5.06%
- YTD
- -1.43%
- 6M
- 0.58%
- 1Y
- 21.86%
- 3Y*
- 25.47%
- 5Y*
- 7.45%
- 10Y*
- 17.09%
USHY
- 1D
- 0.08%
- 1M
- -0.14%
- YTD
- 1.29%
- 6M
- 1.85%
- 1Y
- 6.84%
- 3Y*
- 8.79%
- 5Y*
- 4.16%
- 10Y*
- —
BAC vs. USHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | -1.43% | 28.04% | 33.85% | 4.83% | -23.82% | 49.61% | -11.63% | 46.19% | -15.00% | 7.28% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 1.29% | 8.81% | 8.45% | 12.73% | -11.18% | 5.02% | 6.17% | 14.24% | -2.41% | 0.16% |
Correlation
The correlation between BAC and USHY is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.44 |
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Return for Risk
BAC vs. USHY — Risk / Return Rank
BAC
USHY
BAC vs. USHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of America Corporation (BAC) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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.
| BAC | USHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.36 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.83 | -1.61 |
| Martin ratioReturn relative to average drawdown | 3.15 | 12.68 | -9.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BAC | USHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.88 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.57 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.58 | -0.37 |
Drawdowns
BAC vs. USHY - Drawdown Comparison
The maximum BAC drawdown since its inception was -93.10%, which is greater than USHY's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for BAC and USHY.
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Drawdown Indicators
| BAC | USHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.10% | -22.44% | -70.66% |
Max Drawdown (1Y)Largest decline over 1 year | -17.93% | -2.43% | -15.50% |
Max Drawdown (3Y)Largest decline over 3 years | -27.51% | -4.66% | -22.85% |
Max Drawdown (5Y)Largest decline over 5 years | -46.64% | -15.56% | -31.08% |
Max Drawdown (10Y)Largest decline over 10 years | -48.95% | — | — |
Current DrawdownCurrent decline from peak | -5.30% | -0.41% | -4.89% |
Average DrawdownAverage peak-to-trough decline | -28.31% | -2.66% | -25.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.95% | 0.54% | +6.41% |
Volatility
BAC vs. USHY - Volatility Comparison
Bank of America Corporation (BAC) has a higher volatility of 6.59% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 1.13%. This indicates that BAC's price experiences larger fluctuations and is considered to be riskier than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAC | USHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 1.13% | +5.46% |
Volatility (6M)Calculated over the trailing 6-month period | 16.36% | 2.95% | +13.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.50% | 3.67% | +17.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.89% | 7.34% | +19.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.70% | 8.25% | +22.45% |
Dividends
BAC vs. USHY - Dividend Comparison
BAC's dividend yield for the trailing twelve months is around 2.09%, less than USHY's 6.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 2.09% | 1.96% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.93% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% | 0.00% | 0.00% |
Frequently Asked Questions
BAC and USHY have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAC has higher volatility (6.59%) compared to USHY (1.13%). In terms of maximum drawdown, BAC dropped -93.10% vs USHY's -22.44%.
USHY currently has the higher Sharpe Ratio (1.88 vs 1.02), 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.
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