ESHY vs. USHY
Compare and contrast key facts about Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
ESHY and USHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ESHY is a passively managed fund by Deutsche Bank that tracks the performance of the JPMorgan ESG DM Corporate High Yield USD Index. It was launched on Mar 3, 2015. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017. Both ESHY and USHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESHY or USHY.
Key characteristics
| ESHY | USHY |
|---|
Correlation
The correlation between ESHY and USHY is 0.65, 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
ESHY vs. USHY - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ESHY vs. USHY - Expense Ratio Comparison
ESHY has a 0.20% expense ratio, which is higher than USHY's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ESHY vs. USHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY) 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.
Dividends
ESHY vs. USHY - Dividend Comparison
ESHY has not paid dividends to shareholders, while USHY's dividend yield for the trailing twelve months is around 6.65%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF | 2.39% | 7.07% | 6.39% | 5.31% | 5.88% | 5.85% | 7.55% | 5.68% | 5.31% | 5.25% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.65% | 6.62% | 6.08% | 5.07% | 5.31% | 5.91% | 6.30% | 0.73% | 0.00% | 0.00% |
Drawdowns
ESHY vs. USHY - Drawdown Comparison
Volatility
ESHY vs. USHY - Volatility Comparison
The current volatility for Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY) is 0.00%, while iShares Broad USD High Yield Corporate Bond ETF (USHY) has a volatility of 0.97%. This indicates that ESHY experiences smaller price fluctuations and is considered to be less risky than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.