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HIYS vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HIYS and BND is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

HIYS vs. BND

Last updated May 31, 2025

Compare and contrast key facts about Invesco High Yield Select ETF (HIYS) and Vanguard Total Bond Market ETF (BND).

HIYS and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIYS is an actively managed fund by Invesco. It was launched on Dec 5, 2022. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HIYS or BND.

Performance

HIYS vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco High Yield Select ETF (HIYS) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

HIYS:

1.66

BND:

1.10

Sortino Ratio

HIYS:

2.35

BND:

1.60

Omega Ratio

HIYS:

1.34

BND:

1.19

Calmar Ratio

HIYS:

1.72

BND:

0.47

Martin Ratio

HIYS:

8.55

BND:

2.79

Ulcer Index

HIYS:

0.83%

BND:

2.11%

Daily Std Dev

HIYS:

4.44%

BND:

5.32%

Max Drawdown

HIYS:

-4.17%

BND:

-18.84%

Current Drawdown

HIYS:

0.00%

BND:

-7.09%

Returns By Period

The year-to-date returns for both investments are quite close, with HIYS having a 2.40% return and BND slightly higher at 2.49%.

HIYS

YTD

2.40%

1M

1.94%

6M

1.52%

1Y

7.33%

3Y*

N/A

5Y*

N/A

10Y*

N/A

BND

YTD

2.49%

1M

-0.67%

6M

0.77%

1Y

5.82%

3Y*

1.52%

5Y*

-1.00%

10Y*

1.54%

*Annualized

Compare stocks, funds, or ETFs

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Invesco High Yield Select ETF

Vanguard Total Bond Market ETF

HIYS vs. BND - Expense Ratio Comparison

HIYS has a 0.50% expense ratio, which is higher than BND's 0.03% expense ratio.

HIYS
Invesco High Yield Select ETF
BND
Vanguard Total Bond Market ETF
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

HIYS vs. BND — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HIYS
The Risk-Adjusted Performance Rank of HIYS is 9191
Overall Rank
The Sharpe Ratio Rank of HIYS is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of HIYS is 9191
Sortino Ratio Rank
The Omega Ratio Rank of HIYS is 9191
Omega Ratio Rank
The Calmar Ratio Rank of HIYS is 9090
Calmar Ratio Rank
The Martin Ratio Rank of HIYS is 9191
Martin Ratio Rank
BND
The Risk-Adjusted Performance Rank of BND is 7171
Overall Rank
The Sharpe Ratio Rank of BND is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of BND is 8282
Sortino Ratio Rank
The Omega Ratio Rank of BND is 7777
Omega Ratio Rank
The Calmar Ratio Rank of BND is 5151
Calmar Ratio Rank
The Martin Ratio Rank of BND is 6767
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HIYS vs. BND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Select ETF (HIYS) and Vanguard Total Bond Market ETF (BND). 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.

The current HIYS Sharpe Ratio is 1.66, which is higher than the BND Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of HIYS and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

HIYS vs. BND - Dividend Comparison

HIYS's dividend yield for the trailing twelve months is around 6.75%, more than BND's 3.74% yield.

TTM20242023202220212020201920182017201620152014
HIYS
Invesco High Yield Select ETF		6.75%6.80%7.43%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BND
Vanguard Total Bond Market ETF		3.74%3.67%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%

Drawdowns

HIYS vs. BND - Drawdown Comparison

The maximum HIYS drawdown since its inception was -4.17%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for HIYS and BND.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

HIYS vs. BND - Volatility Comparison

The current volatility for Invesco High Yield Select ETF (HIYS) is 1.33%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.52%. This indicates that HIYS experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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