FSYD vs. IBHE
FSYD (Fidelity Sustainable High Yield ETF) and IBHE (iShares iBonds 2025 Term High Yield & Income ETF) are both High Yield Bonds funds. FSYD is actively managed, while IBHE is passively managed. A 0.65 correlation means they provide meaningful diversification when combined. FSYD charges 0.55%/yr vs 0.35%/yr for IBHE.
Performance
FSYD vs. IBHE - Performance Comparison
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Returns By Period
FSYD
- 1D
- -0.23%
- 1M
- -0.31%
- 6M
- 2.54%
- YTD
- 3.47%
- 1Y
- 8.45%
- 3Y*
- 8.87%
- 5Y*
- —
- 10Y*
- —
IBHE
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSYD vs. IBHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FSYD Fidelity Sustainable High Yield ETF | 3.47% | 9.09% | 8.74% | 12.22% | -6.63% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 0.00% | 4.45% | 7.62% | 10.32% | -2.57% |
Correlation
The correlation between FSYD and IBHE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022 | 0.65 |
The correlation between FSYD and IBHE shifts across timeframes, from -0.07 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSYD vs. IBHE — Risk / Return Rank
FSYD
IBHE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FSYD vs. IBHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable High Yield ETF (FSYD) and iShares iBonds 2025 Term High Yield & Income ETF (IBHE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSYD | IBHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.41 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | — | — |
| Martin ratioReturn relative to average drawdown | 12.64 | — | — |
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Drawdowns
FSYD vs. IBHE - Drawdown Comparison
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Drawdown Indicators
| FSYD | IBHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.11% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.49% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | — | — |
Average DrawdownAverage peak-to-trough decline | -2.34% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | — | — |
Volatility
FSYD vs. IBHE - Volatility Comparison
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Volatility by Period
| FSYD | IBHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.76% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.76% | — | — |
FSYD vs. IBHE - Expense Ratio Comparison
FSYD has a 0.55% expense ratio, which is higher than IBHE's 0.35% expense ratio.
Dividends
FSYD vs. IBHE - Dividend Comparison
FSYD's dividend yield for the trailing twelve months is around 6.39%, while IBHE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FSYD Fidelity Sustainable High Yield ETF | 6.39% | 6.49% | 6.47% | 6.70% | 5.29% | 0.00% | 0.00% | 0.00% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 1.87% | 4.53% | 6.92% | 7.17% | 5.77% | 4.84% | 5.74% | 3.73% |
Frequently Asked Questions
FSYD and IBHE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBHE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBHE is cheaper with a 0.35% expense ratio, compared with 0.55% for FSYD.
FSYD has the higher dividend yield at 6.39%, compared with 1.87% for IBHE.
They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.55% for FSYD and 0.35% for IBHE.
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