GBHI vs. USHY

Last updated Jun 6, 2026

GBHI (Gabelli High Income ETF) and USHY (iShares Broad USD High Yield Corporate Bond ETF) are both High Yield Bonds funds. GBHI is actively managed, while USHY is passively managed. Their correlation of 0.80 suggests significant overlap in exposure. GBHI charges 0.55%/yr vs 0.15%/yr for USHY.

Performance

GBHI vs. USHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli High Income ETF (GBHI) and iShares Broad USD High Yield Corporate Bond ETF (USHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GBHI achieves a 1.77% return, which is significantly higher than USHY's 1.20% return.

GBHI

• 1D: -0.39%
• 1M: -0.24%
• YTD: 1.77%
• 6M: 2.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USHY

• 1D: -0.43%
• 1M: -0.30%
• YTD: 1.20%
• 6M: 1.55%
• 1Y: 6.78%
• 3Y*: 8.80%
• 5Y*: 4.20%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GBHI vs. USHY - Yearly Performance Comparison

	2026 (YTD)	2025
GBHI Gabelli High Income ETF	1.77%	1.29%
USHY iShares Broad USD High Yield Corporate Bond ETF	1.20%	1.65%

Correlation

The correlation between GBHI and USHY is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.80

Return for Risk

GBHI vs. USHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USHY

USHY Risk / Return Rank: 61
USHY Sharpe Ratio Rank: 56
USHY Sortino Ratio Rank: 61
USHY Omega Ratio Rank: 60
USHY Calmar Ratio Rank: 58
USHY Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GBHI vs. USHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli High Income ETF (GBHI) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GBHI	USHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.86	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.73	0.58	+1.15

Drawdowns

GBHI vs. USHY - Drawdown Comparison

The maximum GBHI drawdown since its inception was -2.12%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for GBHI and USHY.

Drawdown Indicators

	GBHI	USHY	Difference
Max Drawdown Largest peak-to-trough decline	-2.12%	-22.44%	+20.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.43%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.56%	—
Current Drawdown Current decline from peak	-0.43%	-0.49%	+0.06%
Average Drawdown Average peak-to-trough decline	-0.27%	-2.66%	+2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.54%	—

Volatility

Volatility by Period

	GBHI	USHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.34%	3.67%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.34%	7.34%	-4.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.34%	8.25%	-4.91%

GBHI vs. USHY - Expense Ratio Comparison

GBHI has a 0.55% expense ratio, which is higher than USHY's 0.15% expense ratio.

Dividends

GBHI vs. USHY - Dividend Comparison

GBHI's dividend yield for the trailing twelve months is around 1.85%, less than USHY's 6.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GBHI Gabelli High Income ETF	1.85%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USHY iShares Broad USD High Yield Corporate Bond ETF	6.94%	6.79%	6.89%	6.63%	6.08%	5.07%	5.30%	5.92%	6.30%	0.73%

Frequently Asked Questions

Can I hold both GBHI and USHY in my portfolio?

GBHI and USHY have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GBHI or USHY?

On fees, USHY is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GBHI or USHY?

USHY is cheaper with a 0.15% expense ratio, compared with 0.55% for GBHI.

Which ETF pays a higher dividend yield, GBHI or USHY?

USHY has the higher dividend yield at 6.94%, compared with 1.85% for GBHI.

What is the main difference between GBHI and USHY?

They also come from different issuers: Gabelli and iShares. Their fees differ too: 0.55% for GBHI and 0.15% for USHY.