FSYD vs. USHY
FSYD (Fidelity Sustainable High Yield ETF) and USHY (iShares Broad USD High Yield Corporate Bond ETF) are both High Yield Bonds funds. FSYD is actively managed, while USHY is passively managed. Over the past 3 years, FSYD returned 8.88%/yr vs 8.63%/yr for USHY. Their 0.95 correlation means they have historically moved very closely together. FSYD charges 0.55%/yr vs 0.15%/yr for USHY.
Performance
FSYD vs. USHY - Performance Comparison
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Returns By Period
In the year-to-date period, FSYD achieves a 3.26% return, which is significantly higher than USHY's 2.08% return.
FSYD
- 1D
- 0.23%
- 1M
- -0.28%
- 6M
- 2.16%
- YTD
- 3.26%
- 1Y
- 8.07%
- 3Y*
- 8.88%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.76%
USHY
- 1D
- 0.31%
- 1M
- 0.01%
- 6M
- 1.32%
- YTD
- 2.08%
- 1Y
- 5.64%
- 3Y*
- 8.63%
- 5Y*
- 4.16%
- 10Y*
- —
- ALL TIME*
- 4.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.48M | $1.25M | $1.35M | |
| $552.78M | $427.44M | $406.45M |
FSYD vs. USHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FSYD Fidelity Sustainable High Yield ETF | 3.26% | 9.09% | 8.74% | 12.22% | -6.63% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 2.08% | 8.81% | 8.45% | 12.73% | -7.32% |
Correlation
The correlation between FSYD and USHY is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022 | 0.95 |
The correlation between FSYD and USHY has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
FSYD vs. USHY — Risk / Return Rank
FSYD
USHY
FSYD vs. USHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable High Yield ETF (FSYD) 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.
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 | USHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.29 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.33 | +0.69 |
| Martin ratioReturn relative to average drawdown | 11.85 | 10.25 | +1.60 |
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Drawdowns
FSYD vs. USHY - Drawdown Comparison
The maximum FSYD drawdown since its inception was -12.11%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for FSYD and USHY.
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Drawdown Indicators
| FSYD | USHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.11% | -22.44% | +10.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -2.43% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -5.49% | -4.66% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.56% | — |
Current DrawdownCurrent decline from peak | -0.51% | -0.18% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -2.62% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.55% | +0.13% |
Volatility
FSYD vs. USHY - Volatility Comparison
Fidelity Sustainable High Yield ETF (FSYD) and iShares Broad USD High Yield Corporate Bond ETF (USHY) have volatilities of 0.82% and 0.82%, 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 | USHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 0.82% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 3.03% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 3.69% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.73% | 7.35% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.73% | 8.18% | -0.45% |
FSYD vs. USHY - Expense Ratio Comparison
FSYD has a 0.55% expense ratio, which is higher than USHY's 0.15% expense ratio.
Dividends
FSYD vs. USHY - Dividend Comparison
FSYD's dividend yield for the trailing twelve months is around 6.38%, less than USHY's 6.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FSYD Fidelity Sustainable High Yield ETF | 6.38% | 6.49% | 6.47% | 6.70% | 5.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.95% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% |
Frequently Asked Questions
FSYD and USHY have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USHY has higher volatility (0.82%) compared to FSYD (0.82%). In terms of maximum drawdown, FSYD dropped -12.11% vs USHY's -22.44%.
On 3-year performance, FSYD leads with 8.88% vs 8.63% for USHY. On fees, USHY is cheaper at 0.15% 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 8.88% return vs 8.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USHY is cheaper with a 0.15% expense ratio, compared with 0.55% for FSYD.
USHY has the higher dividend yield at 6.95%, compared with 6.38% for FSYD.
They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.55% for FSYD and 0.15% for USHY.
FSYD currently has the higher Sharpe Ratio (1.98 vs 1.54), 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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