BYLD vs. ZHOG
Compare and contrast key facts about iShares Yield Optimized Bond ETF (BYLD) and F/m Opportunistic Income ETF (ZHOG).
BYLD and ZHOG 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. ZHOG is an actively managed fund by F/m Investments. It was launched on Sep 5, 2023.
Performance
BYLD vs. ZHOG - Performance Comparison
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BYLD vs. ZHOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BYLD iShares Yield Optimized Bond ETF | -0.20% | 8.41% | 4.17% | 5.62% |
ZHOG F/m Opportunistic Income ETF | -0.08% | 5.98% | 4.94% | 5.92% |
Returns By Period
In the year-to-date period, BYLD achieves a -0.20% return, which is significantly lower than ZHOG's -0.08% return.
BYLD
- 1D
- 0.54%
- 1M
- -1.76%
- YTD
- -0.20%
- 6M
- 0.93%
- 1Y
- 5.97%
- 3Y*
- 6.04%
- 5Y*
- 2.16%
- 10Y*
- 3.00%
ZHOG
- 1D
- 0.31%
- 1M
- -0.81%
- YTD
- -0.08%
- 6M
- 1.03%
- 1Y
- 4.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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BYLD vs. ZHOG - Expense Ratio Comparison
BYLD has a 0.17% expense ratio, which is lower than ZHOG's 0.43% expense ratio.
Return for Risk
BYLD vs. ZHOG — Risk / Return Rank
BYLD
ZHOG
BYLD vs. ZHOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Yield Optimized Bond ETF (BYLD) and F/m Opportunistic Income ETF (ZHOG). 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.
| BYLD | ZHOG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.98 | -0.68 |
Sortino ratioReturn per unit of downside risk | 1.83 | 2.64 | -0.81 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.44 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.13 | +0.09 |
Martin ratioReturn relative to average drawdown | 8.14 | 8.62 | -0.48 |
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
| BYLD | ZHOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.98 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 1.60 | -1.05 |
Correlation
The correlation between BYLD and ZHOG is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BYLD vs. ZHOG - Dividend Comparison
BYLD's dividend yield for the trailing twelve months is around 5.36%, less than ZHOG's 5.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYLD iShares Yield Optimized Bond ETF | 5.36% | 5.32% | 5.31% | 4.45% | 3.39% | 2.18% | 3.41% | 3.67% | 4.22% | 3.22% | 3.14% | 3.37% |
ZHOG F/m Opportunistic Income ETF | 5.60% | 5.35% | 5.50% | 1.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BYLD vs. ZHOG - Drawdown Comparison
The maximum BYLD drawdown since its inception was -14.75%, which is greater than ZHOG's maximum drawdown of -3.66%. Use the drawdown chart below to compare losses from any high point for BYLD and ZHOG.
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Drawdown Indicators
| BYLD | ZHOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.75% | -3.66% | -11.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -2.20% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -14.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.75% | — | — |
Current DrawdownCurrent decline from peak | -1.76% | -0.83% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -0.73% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.54% | +0.20% |
Volatility
BYLD vs. ZHOG - Volatility Comparison
iShares Yield Optimized Bond ETF (BYLD) has a higher volatility of 1.98% compared to F/m Opportunistic Income ETF (ZHOG) at 0.70%. This indicates that BYLD's price experiences larger fluctuations and is considered to be riskier than ZHOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BYLD | ZHOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 0.70% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 1.09% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 2.31% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.16% | 4.13% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.43% | 4.13% | +1.30% |