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BYLD vs. FDHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BYLD and FDHY is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.4

Performance

BYLD vs. FDHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Yield Optimized Bond ETF (BYLD) and Fidelity High Yield Factor ETF (FDHY). The values are adjusted to include any dividend payments, if applicable.

20.00%25.00%30.00%35.00%40.00%45.00%NovemberDecember2025FebruaryMarchApril
20.46%
42.05%
BYLD
FDHY

Key characteristics

Sharpe Ratio

BYLD:

1.49

FDHY:

1.33

Sortino Ratio

BYLD:

2.18

FDHY:

1.91

Omega Ratio

BYLD:

1.29

FDHY:

1.27

Calmar Ratio

BYLD:

1.38

FDHY:

1.40

Martin Ratio

BYLD:

7.67

FDHY:

7.24

Ulcer Index

BYLD:

0.95%

FDHY:

1.02%

Daily Std Dev

BYLD:

4.89%

FDHY:

5.56%

Max Drawdown

BYLD:

-14.75%

FDHY:

-20.01%

Current Drawdown

BYLD:

-0.59%

FDHY:

-1.39%

Returns By Period

In the year-to-date period, BYLD achieves a 1.98% return, which is significantly higher than FDHY's 0.92% return.


BYLD

YTD

1.98%

1M

0.18%

6M

1.85%

1Y

7.56%

5Y*

1.50%

10Y*

2.48%

FDHY

YTD

0.92%

1M

-0.46%

6M

1.51%

1Y

7.73%

5Y*

5.62%

10Y*

N/A

*Annualized

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BYLD vs. FDHY - Expense Ratio Comparison

BYLD has a 0.20% expense ratio, which is lower than FDHY's 0.45% expense ratio.


Expense ratio chart for FDHY: current value is 0.45%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FDHY: 0.45%
Expense ratio chart for BYLD: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BYLD: 0.20%

Risk-Adjusted Performance

BYLD vs. FDHY — Risk-Adjusted Performance Rank

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

BYLD
The Risk-Adjusted Performance Rank of BYLD is 8989
Overall Rank
The Sharpe Ratio Rank of BYLD is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of BYLD is 9090
Sortino Ratio Rank
The Omega Ratio Rank of BYLD is 8989
Omega Ratio Rank
The Calmar Ratio Rank of BYLD is 8888
Calmar Ratio Rank
The Martin Ratio Rank of BYLD is 9090
Martin Ratio Rank

FDHY
The Risk-Adjusted Performance Rank of FDHY is 8888
Overall Rank
The Sharpe Ratio Rank of FDHY is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of FDHY is 8787
Sortino Ratio Rank
The Omega Ratio Rank of FDHY is 8888
Omega Ratio Rank
The Calmar Ratio Rank of FDHY is 8888
Calmar Ratio Rank
The Martin Ratio Rank of FDHY is 8989
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BYLD vs. FDHY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Yield Optimized Bond ETF (BYLD) and Fidelity High Yield Factor ETF (FDHY). 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.


The chart of Sharpe ratio for BYLD, currently valued at 1.49, compared to the broader market-1.000.001.002.003.004.00
BYLD: 1.49
FDHY: 1.33
The chart of Sortino ratio for BYLD, currently valued at 2.18, compared to the broader market-2.000.002.004.006.008.00
BYLD: 2.18
FDHY: 1.91
The chart of Omega ratio for BYLD, currently valued at 1.29, compared to the broader market0.501.001.502.002.50
BYLD: 1.29
FDHY: 1.27
The chart of Calmar ratio for BYLD, currently valued at 1.38, compared to the broader market0.002.004.006.008.0010.0012.00
BYLD: 1.38
FDHY: 1.40
The chart of Martin ratio for BYLD, currently valued at 7.67, compared to the broader market0.0020.0040.0060.00
BYLD: 7.67
FDHY: 7.24

The current BYLD Sharpe Ratio is 1.49, which is comparable to the FDHY Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of BYLD and FDHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
1.49
1.33
BYLD
FDHY

Dividends

BYLD vs. FDHY - Dividend Comparison

BYLD's dividend yield for the trailing twelve months is around 5.45%, less than FDHY's 6.68% yield.


TTM20242023202220212020201920182017201620152014
BYLD
iShares Yield Optimized Bond ETF
5.45%5.31%4.45%3.39%2.18%3.41%3.67%4.22%3.22%3.14%3.37%2.12%
FDHY
Fidelity High Yield Factor ETF
6.68%6.58%6.26%5.34%6.09%5.78%4.94%3.07%0.00%0.00%0.00%0.00%

Drawdowns

BYLD vs. FDHY - Drawdown Comparison

The maximum BYLD drawdown since its inception was -14.75%, smaller than the maximum FDHY drawdown of -20.01%. Use the drawdown chart below to compare losses from any high point for BYLD and FDHY. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-0.59%
-1.39%
BYLD
FDHY

Volatility

BYLD vs. FDHY - Volatility Comparison

The current volatility for iShares Yield Optimized Bond ETF (BYLD) is 2.89%, while Fidelity High Yield Factor ETF (FDHY) has a volatility of 3.95%. This indicates that BYLD experiences smaller price fluctuations and is considered to be less risky than FDHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%NovemberDecember2025FebruaryMarchApril
2.89%
3.95%
BYLD
FDHY