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GHYG vs. FSYD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GHYG vs. FSYD

Last updated Jun 4, 2026

GHYG (iShares US & Intl High Yield Corp Bond ETF) and FSYD (Fidelity Sustainable High Yield ETF) are both High Yield Bonds funds. GHYG is passively managed, while FSYD is actively managed. Over the past 3 years, GHYG returned 8.91%/yr vs 9.54%/yr for FSYD. Their correlation of 0.86 suggests significant overlap in exposure. GHYG charges 0.40%/yr vs 0.55%/yr for FSYD.

Performance

GHYG vs. FSYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares US & Intl High Yield Corp Bond ETF (GHYG) and Fidelity Sustainable High Yield ETF (FSYD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GHYG achieves a 0.62% return, which is significantly lower than FSYD's 3.35% return.

GHYG

1D
-0.15%
1M
0.20%
YTD
0.62%
6M
0.87%
1Y
6.33%
3Y*
8.91%
5Y*
3.28%
10Y*
4.82%

FSYD

1D
-0.27%
1M
0.75%
YTD
3.35%
6M
3.97%
1Y
10.19%
3Y*
9.54%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GHYG vs. FSYD - Yearly Performance Comparison

2026 (YTD)2025202420232022
GHYG
iShares US & Intl High Yield Corp Bond ETF		0.62%11.28%5.85%13.29%-8.13%
FSYD
Fidelity Sustainable High Yield ETF		3.35%9.09%8.74%12.22%-6.59%

Correlation

The correlation between GHYG and FSYD is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.75

Correlation (3Y)
Calculated over the trailing 3-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Feb 18, 2022

0.86

The correlation between GHYG and FSYD shifts across timeframes, from 0.75 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

GHYG vs. FSYD - Sectors Allocation Comparison

Sectors
GHYG
FSYD

Utilities

99.5%

-

Real Estate

0.5%

-

Basic Materials

-

-

Communication Services

-

0.0%

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

34.4%

Financial Services

-

-

Healthcare

-

94.6%

Industrials

-

-

Technology

-

5.4%

Utilities

GHYG
99.5%
FSYD

-

Real Estate

GHYG
0.5%
FSYD

-

Basic Materials

GHYG

-

FSYD

-

Communication Services

GHYG

-

FSYD
0.0%

Consumer Cyclical

GHYG

-

FSYD

-

Consumer Defensive

GHYG

-

FSYD

-

Energy

GHYG

-

FSYD
34.4%

Financial Services

GHYG

-

FSYD

-

Healthcare

GHYG

-

FSYD
94.6%

Industrials

GHYG

-

FSYD

-

Technology

GHYG

-

FSYD
5.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares US & Intl High Yield Corp Bond ETF

Fidelity Sustainable High Yield ETF

Often compared with GHYG:
GHYG vs. HYGGHYG vs. SHYGGHYG vs. FLHYGHYG vs. USHYGHYG vs. EIFAXGHYG vs. ESHYGHYG vs. SCHD
Often compared with FSYD:
FSYD vs. FDHYFSYD vs. FLDRFSYD vs. SHYFSYD vs. HYBLFSYD vs. SRLNFSYD vs. FFRHXFSYD vs. BSJP

Return for Risk

GHYG vs. FSYD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GHYG
GHYG Risk / Return Rank: 3737
Overall Rank
GHYG Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
GHYG Sortino Ratio Rank: 4040
Sortino Ratio Rank
GHYG Omega Ratio Rank: 3737
Omega Ratio Rank
GHYG Calmar Ratio Rank: 3434
Calmar Ratio Rank
GHYG Martin Ratio Rank: 3939
Martin Ratio Rank
FSYD
FSYD Risk / Return Rank: 7979
Overall Rank
FSYD Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
FSYD Sortino Ratio Rank: 8383
Sortino Ratio Rank
FSYD Omega Ratio Rank: 8282
Omega Ratio Rank
FSYD Calmar Ratio Rank: 7676
Calmar Ratio Rank
FSYD Martin Ratio Rank: 7878
Martin Ratio Rank
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.

GHYG vs. FSYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares US & Intl High Yield Corp Bond ETF (GHYG) and Fidelity Sustainable High Yield ETF (FSYD). 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.

GHYGFSYDDifference
Sharpe ratioReturn per unit of total volatility
1.36
2.49

-1.13

Sortino ratioReturn per unit of downside risk
2.06
3.79

-1.74

Omega ratioGain probability vs. loss probability

1.25

1.50

-0.26

Calmar ratioReturn relative to maximum drawdown

1.66

3.83

-2.17

Martin ratioReturn relative to average drawdown

6.19

15.34

-9.14

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GHYG vs. FSYD - Sharpe Ratio Comparison

The current GHYG Sharpe Ratio is 1.36, which is lower than the FSYD Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of GHYG and FSYD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

GHYGFSYDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.36

2.49

-1.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.43

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.77

-0.22

Drawdowns

GHYG vs. FSYD - Drawdown Comparison

The maximum GHYG drawdown since its inception was -27.36%, which is greater than FSYD's maximum drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for GHYG and FSYD.

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Drawdown Indicators

GHYGFSYDDifference

Max Drawdown

Largest peak-to-trough decline

-27.36%

-12.11%

-15.25%

Max Drawdown (1Y)

Largest decline over 1 year

-3.84%

-2.67%

-1.17%

Max Drawdown (3Y)

Largest decline over 3 years

-4.46%

-5.49%

+1.03%

Max Drawdown (5Y)

Largest decline over 5 years

-20.44%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-27.36%

—

—

Current Drawdown

Current decline from peak

-0.73%

-0.27%

-0.46%

Average Drawdown

Average peak-to-trough decline

-3.35%

-2.40%

-0.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.02%

0.67%

+0.35%

Volatility

GHYG vs. FSYD - Volatility Comparison

iShares US & Intl High Yield Corp Bond ETF (GHYG) has a higher volatility of 1.91% compared to Fidelity Sustainable High Yield ETF (FSYD) at 1.12%. This indicates that GHYG's price experiences larger fluctuations and is considered to be riskier than FSYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GHYGFSYDDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.91%

1.12%

+0.79%

Volatility (6M)

Calculated over the trailing 6-month period

3.84%

3.13%

+0.71%

Volatility (1Y)

Calculated over the trailing 1-year period

4.69%

4.12%

+0.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.64%

7.85%

-0.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.77%

7.85%

+0.92%

GHYG vs. FSYD - Expense Ratio Comparison

GHYG has a 0.40% expense ratio, which is lower than FSYD's 0.55% expense ratio.

Dividends

GHYG vs. FSYD - Dividend Comparison

GHYG's dividend yield for the trailing twelve months is around 6.23%, less than FSYD's 6.32% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
GHYG
iShares US & Intl High Yield Corp Bond ETF		6.23%6.03%6.11%5.60%4.64%4.57%4.36%4.61%5.62%4.60%4.61%4.79%

Frequently Asked Questions

GHYG and FSYD have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GHYG has higher volatility (1.91%) compared to FSYD (1.12%). In terms of maximum drawdown, GHYG dropped -27.36% vs FSYD's -12.11%.

On 3-year performance, FSYD leads with 9.54% vs 8.91% for GHYG. On fees, GHYG is cheaper at 0.40% per year. On volatility, FSYD has been the lower-risk option at 1.12%. 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 8.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

GHYG is cheaper with a 0.40% expense ratio, compared with 0.55% for FSYD.

FSYD has the higher dividend yield at 6.32%, compared with 6.23% for GHYG.

They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.40% for GHYG and 0.55% for FSYD.

FSYD currently has the higher Sharpe Ratio (2.49 vs 1.36), 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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