FTHY vs. DHF
Compare and contrast key facts about First Trust High Yield Opportunities 2027 Term Fund (FTHY) and Dimensional High Yield Fund (DHF).
FTHY is managed by First Trust. It was launched on Jun 25, 2020. DHF is managed by Dimensional Fund Advisors. It was launched on Jan 1, 2013.
Performance
FTHY vs. DHF - Performance Comparison
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FTHY vs. DHF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTHY First Trust High Yield Opportunities 2027 Term Fund | -1.22% | 7.80% | 15.71% | 14.65% | -26.09% | 7.63% | 4.66% |
DHF Dimensional High Yield Fund | -0.19% | 5.67% | 21.12% | 15.00% | -22.70% | 10.35% | 23.67% |
Returns By Period
In the year-to-date period, FTHY achieves a -1.22% return, which is significantly lower than DHF's -0.19% return.
FTHY
- 1D
- 2.11%
- 1M
- -1.78%
- YTD
- -1.22%
- 6M
- -1.53%
- 1Y
- 3.99%
- 3Y*
- 10.25%
- 5Y*
- 2.42%
- 10Y*
- —
DHF
- 1D
- 4.27%
- 1M
- -1.28%
- YTD
- -0.19%
- 6M
- -1.76%
- 1Y
- 4.04%
- 3Y*
- 13.00%
- 5Y*
- 3.57%
- 10Y*
- 6.48%
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FTHY vs. DHF - Expense Ratio Comparison
FTHY has a 0.02% expense ratio, which is lower than DHF's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FTHY vs. DHF — Risk / Return Rank
FTHY
DHF
FTHY vs. DHF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust High Yield Opportunities 2027 Term Fund (FTHY) and Dimensional High Yield Fund (DHF). 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.
| FTHY | DHF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | 0.28 | +0.13 |
Sortino ratioReturn per unit of downside risk | 0.61 | 0.47 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.07 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.49 | 0.48 | +0.02 |
Martin ratioReturn relative to average drawdown | 1.82 | 1.60 | +0.22 |
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
| FTHY | DHF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 0.28 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.23 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.14 | +0.07 |
Correlation
The correlation between FTHY and DHF is 0.42, 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.
Dividends
FTHY vs. DHF - Dividend Comparison
FTHY's dividend yield for the trailing twelve months is around 11.09%, more than DHF's 8.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTHY First Trust High Yield Opportunities 2027 Term Fund | 11.09% | 10.66% | 10.70% | 10.22% | 11.85% | 7.83% | 2.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DHF Dimensional High Yield Fund | 8.61% | 8.47% | 8.14% | 7.86% | 10.12% | 8.24% | 8.60% | 8.52% | 10.41% | 8.98% | 9.76% | 11.30% |
Drawdowns
FTHY vs. DHF - Drawdown Comparison
The maximum FTHY drawdown since its inception was -31.17%, smaller than the maximum DHF drawdown of -71.32%. Use the drawdown chart below to compare losses from any high point for FTHY and DHF.
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Drawdown Indicators
| FTHY | DHF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.17% | -71.32% | +40.15% |
Max Drawdown (1Y)Largest decline over 1 year | -7.56% | -9.84% | +2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -37.82% | +6.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.94% | — |
Current DrawdownCurrent decline from peak | -3.45% | -4.35% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -10.45% | -23.15% | +12.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 3.04% | -0.92% |
Volatility
FTHY vs. DHF - Volatility Comparison
The current volatility for First Trust High Yield Opportunities 2027 Term Fund (FTHY) is 3.46%, while Dimensional High Yield Fund (DHF) has a volatility of 6.29%. This indicates that FTHY experiences smaller price fluctuations and is considered to be less risky than DHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTHY | DHF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 6.29% | -2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 4.99% | 9.45% | -4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.78% | 14.65% | -4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.86% | 15.72% | -2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.39% | 17.75% | -4.36% |