BYLD vs. FDHY
Compare and contrast key facts about iShares Yield Optimized Bond ETF (BYLD) and Fidelity High Yield Factor ETF (FDHY).
BYLD and FDHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BYLD is a passively managed fund by iShares that tracks the performance of the Morningstar U.S. Bond Market Yield-Optimized Index. It was launched on Apr 22, 2014. FDHY is an actively managed fund by Fidelity. It was launched on Jun 12, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BYLD or FDHY.
Correlation
The correlation between BYLD and FDHY is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BYLD vs. FDHY - Performance Comparison
Key characteristics
BYLD:
1.54
FDHY:
1.56
BYLD:
2.29
FDHY:
2.25
BYLD:
1.29
FDHY:
1.28
BYLD:
1.17
FDHY:
3.49
BYLD:
7.34
FDHY:
10.25
BYLD:
0.90%
FDHY:
0.66%
BYLD:
4.31%
FDHY:
4.33%
BYLD:
-14.75%
FDHY:
-20.01%
BYLD:
-0.28%
FDHY:
-1.78%
Returns By Period
In the year-to-date period, BYLD achieves a 2.30% return, which is significantly higher than FDHY's 0.52% return.
BYLD
2.30%
-0.09%
1.12%
6.53%
2.33%
2.53%
FDHY
0.52%
-1.54%
0.53%
6.88%
6.82%
N/A
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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.
Risk-Adjusted Performance
BYLD vs. FDHY — Risk-Adjusted Performance Rank
BYLD
FDHY
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.
Dividends
BYLD vs. FDHY - Dividend Comparison
BYLD's dividend yield for the trailing twelve months is around 5.43%, less than FDHY's 6.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYLD iShares Yield Optimized Bond ETF | 5.43% | 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 | 6.71% | 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.
Volatility
BYLD vs. FDHY - Volatility Comparison
The current volatility for iShares Yield Optimized Bond ETF (BYLD) is 1.03%, while Fidelity High Yield Factor ETF (FDHY) has a volatility of 1.83%. 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.