FSYD vs. QHY
FSYD (Fidelity Sustainable High Yield ETF) and QHY (WisdomTree U.S. Short-Term Corporate Bond Fund) are both High Yield Bonds funds. FSYD is actively managed, while QHY is passively managed. Over the past 3 years, FSYD returned 9.54%/yr vs 8.10%/yr for QHY. Their correlation of 0.95 suggests significant overlap in exposure. FSYD charges 0.55%/yr vs 0.38%/yr for QHY.
Performance
FSYD vs. QHY - Performance Comparison
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Returns By Period
In the year-to-date period, FSYD achieves a 3.35% return, which is significantly higher than QHY's 1.46% return.
FSYD
- 1D
- -0.27%
- 1M
- 0.75%
- YTD
- 3.35%
- 6M
- 3.97%
- 1Y
- 10.19%
- 3Y*
- 9.54%
- 5Y*
- —
- 10Y*
- —
QHY
- 1D
- -0.09%
- 1M
- 0.55%
- YTD
- 1.46%
- 6M
- 1.70%
- 1Y
- 7.29%
- 3Y*
- 8.10%
- 5Y*
- 3.21%
- 10Y*
- 4.96%
FSYD vs. QHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FSYD Fidelity Sustainable High Yield ETF | 3.35% | 9.09% | 8.74% | 12.22% | -6.59% |
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 1.46% | 9.61% | 5.92% | 10.12% | -7.16% |
Correlation
The correlation between FSYD and QHY is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.95 |
The correlation between FSYD and QHY has been stable across timeframes, ranging from 0.85 to 0.95 - a consistent structural relationship.
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Return for Risk
FSYD vs. QHY — Risk / Return Rank
FSYD
QHY
FSYD vs. QHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable High Yield ETF (FSYD) and WisdomTree U.S. Short-Term Corporate Bond Fund (QHY). 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.
| FSYD | QHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.39 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 2.65 | +1.18 |
| Martin ratioReturn relative to average drawdown | 15.34 | 12.02 | +3.31 |
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
| FSYD | QHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.01 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.43 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.61 | +0.16 |
Drawdowns
FSYD vs. QHY - Drawdown Comparison
The maximum FSYD drawdown since its inception was -12.11%, smaller than the maximum QHY drawdown of -22.74%. Use the drawdown chart below to compare losses from any high point for FSYD and QHY.
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Drawdown Indicators
| FSYD | QHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.11% | -22.74% | +10.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -2.77% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -5.49% | -4.58% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.74% | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.09% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -2.75% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.61% | +0.06% |
Volatility
FSYD vs. QHY - Volatility Comparison
Fidelity Sustainable High Yield ETF (FSYD) and WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) have volatilities of 1.12% and 1.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSYD | QHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.08% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 2.86% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 3.65% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.85% | 7.57% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 8.20% | -0.35% |
FSYD vs. QHY - Expense Ratio Comparison
FSYD has a 0.55% expense ratio, which is higher than QHY's 0.38% expense ratio.
Dividends
FSYD vs. QHY - Dividend Comparison
FSYD's dividend yield for the trailing twelve months is around 6.32%, which matches QHY's 6.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FSYD Fidelity Sustainable High Yield ETF | 6.32% | 6.49% | 6.47% | 6.70% | 5.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 6.26% | 6.26% | 6.40% | 6.11% | 5.44% | 4.09% | 4.80% | 5.21% | 5.93% | 6.47% | 4.39% |
Frequently Asked Questions
FSYD and QHY have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSYD has higher volatility (1.12%) compared to QHY (1.08%). In terms of maximum drawdown, FSYD dropped -12.11% vs QHY's -22.74%.
On 3-year performance, FSYD leads with 9.54% vs 8.10% for QHY. On fees, QHY is cheaper at 0.38% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FSYD has performed better with a 9.54% return vs 8.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QHY is cheaper with a 0.38% expense ratio, compared with 0.55% for FSYD.
FSYD has the higher dividend yield at 6.32%, compared with 6.26% for QHY.
They also come from different issuers: Fidelity and WisdomTree. Their fees differ too: 0.55% for FSYD and 0.38% for QHY.
FSYD currently has the higher Sharpe Ratio (2.49 vs 2.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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