HNDL vs. HYLD

Last updated Jun 24, 2026

HNDL (Strategy Shares Nasdaq 7HANDL Index ETF) and HYLD (High Yield ETF) are both exchange-traded funds - HNDL is a Diversified Portfolio fund tracking the NASDAQ 7 HANDL™ Index, while HYLD is a High Yield Bonds fund actively managed by Exchange Traded Concepts. HNDL is passively managed, while HYLD is actively managed. At a 0.25 correlation, their price movements are largely independent. HNDL charges 0.97%/yr vs 1.29%/yr for HYLD.

Performance

HNDL vs. HYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) and High Yield ETF (HYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HNDL

• 1D: -0.20%
• 1M: -0.34%
• YTD: 6.62%
• 6M: 6.43%
• 1Y: 14.43%
• 3Y*: 11.67%
• 5Y*: 4.77%
• 10Y*: —

HYLD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HNDL vs. HYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HNDL Strategy Shares Nasdaq 7HANDL Index ETF	6.62%	10.76%	10.66%	13.28%	-19.12%	9.06%	12.03%	15.66%	-5.82%
HYLD High Yield ETF	0.00%	0.00%	0.00%	2.80%	-11.48%	5.41%	3.11%	7.16%	-0.93%

Correlation

The correlation between HNDL and HYLD is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jan 17, 2018	0.25

The correlation between HNDL and HYLD shifts across timeframes, from 0.12 (3 years) to 0.31 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

HNDL vs. HYLD — Risk / Return Rank

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

HNDL

HNDL Risk / Return Rank: 62
HNDL Sharpe Ratio Rank: 61
HNDL Sortino Ratio Rank: 59
HNDL Omega Ratio Rank: 61
HNDL Calmar Ratio Rank: 62
HNDL Martin Ratio Rank: 68

HYLD

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

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.

HNDL vs. HYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) and High Yield ETF (HYLD). 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.

	HNDL	HYLD	Difference
Sharpe ratio: Return per unit of total volatility	1.90	—	—
Sortino ratio: Return per unit of downside risk	2.63	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.92	—	—
Martin ratio: Return relative to average drawdown	11.88	—	—

Drawdowns

Drawdown Indicators

	HNDL	HYLD	Difference
Max Drawdown Largest peak-to-trough decline	-23.72%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.72%	—	—
Current Drawdown Current decline from peak	-0.77%	—	—
Average Drawdown Average peak-to-trough decline	-4.84%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	—	—

Volatility

Volatility by Period

	HNDL	HYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.63%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.55%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.74%	—	—

HNDL vs. HYLD - Expense Ratio Comparison

HNDL has a 0.97% expense ratio, which is lower than HYLD's 1.29% expense ratio.

Dividends

HNDL vs. HYLD - Dividend Comparison

HNDL's dividend yield for the trailing twelve months is around 6.89%, while HYLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HNDL Strategy Shares Nasdaq 7HANDL Index ETF	6.89%	6.86%	7.02%	6.78%	7.87%	6.86%	6.21%	5.27%	6.42%	0.00%	0.00%	0.00%
HYLD High Yield ETF	0.00%	0.00%	0.00%	4.67%	7.86%	6.45%	7.52%	7.46%	7.97%	7.18%	6.59%	10.87%

Frequently Asked Questions

Can I hold both HNDL and HYLD in my portfolio?

HNDL and HYLD have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HNDL or HYLD?

On fees, HNDL is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HNDL or HYLD?

HNDL is cheaper with a 0.97% expense ratio, compared with 1.29% for HYLD.

Which ETF pays a higher dividend yield, HNDL or HYLD?

HNDL has the higher dividend yield at 6.89%, compared with 0.00% for HYLD.

What is the main difference between HNDL and HYLD?

HNDL is categorized as Diversified Portfolio, while HYLD is High Yield Bonds. They also come from different issuers: Rational Capital LLC and Exchange Traded Concepts. Their fees differ too: 0.97% for HNDL and 1.29% for HYLD.