HSRT vs. SCYB

Last updated Jun 6, 2026

HSRT (Hartford AAA CLO ETF) and SCYB (Schwab High Yield Bond ETF) are both exchange-traded funds - HSRT is a CLO fund tracking the JP Morgan CLOIE AAA Index, while SCYB is a High Yield Bonds fund tracking the ICE BofA US Cash Pay High Yield Constrained Index. Both are passively managed. At a 0.24 correlation, their price movements are largely independent. HSRT charges 0.24%/yr vs 0.03%/yr for SCYB.

Performance

HSRT vs. SCYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford AAA CLO ETF (HSRT) and Schwab High Yield Bond ETF (SCYB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HSRT

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

SCYB

• 1D: -0.42%
• 1M: -0.31%
• YTD: 1.33%
• 6M: 1.60%
• 1Y: 6.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HSRT vs. SCYB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HSRT Hartford AAA CLO ETF	0.00%	0.60%	6.44%	4.75%
SCYB Schwab High Yield Bond ETF	1.33%	8.33%	8.15%	6.74%

Correlation

The correlation between HSRT and SCYB is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 12, 2023	0.24

Return for Risk

HSRT vs. SCYB — Risk / Return Rank

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

SCYB

SCYB Risk / Return Rank: 60
SCYB Sharpe Ratio Rank: 55
SCYB Sortino Ratio Rank: 59
SCYB Omega Ratio Rank: 60
SCYB Calmar Ratio Rank: 58
SCYB 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.

HSRT vs. SCYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford AAA CLO ETF (HSRT) and Schwab High Yield Bond ETF (SCYB). 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

	HSRT	SCYB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.66	—

Drawdowns

Drawdown Indicators

	HSRT	SCYB	Difference
Max Drawdown Largest peak-to-trough decline	—	-4.92%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.44%	—
Current Drawdown Current decline from peak	—	-0.54%	—
Average Drawdown Average peak-to-trough decline	—	-0.52%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.55%	—

Volatility

Volatility by Period

	HSRT	SCYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.77%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	5.13%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	5.13%	—

HSRT vs. SCYB - Expense Ratio Comparison

HSRT has a 0.24% expense ratio, which is higher than SCYB's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

HSRT vs. SCYB - Dividend Comparison

HSRT has not paid dividends to shareholders, while SCYB's dividend yield for the trailing twelve months is around 6.95%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HSRT Hartford AAA CLO ETF	0.00%	1.29%	6.37%	3.98%	2.67%	2.23%	2.88%	3.50%	1.62%
SCYB Schwab High Yield Bond ETF	6.95%	6.99%	7.06%	3.36%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HSRT and SCYB in my portfolio?

HSRT and SCYB have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HSRT or SCYB?

On fees, SCYB is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HSRT or SCYB?

SCYB is cheaper with a 0.03% expense ratio, compared with 0.24% for HSRT.

Which ETF pays a higher dividend yield, HSRT or SCYB?

SCYB has the higher dividend yield at 6.95%, compared with 0.00% for HSRT.

What is the main difference between HSRT and SCYB?

HSRT is categorized as CLO, while SCYB is High Yield Bonds. HSRT tracks JP Morgan CLOIE AAA Index, while SCYB tracks ICE BofA US Cash Pay High Yield Constrained Index. They also come from different issuers: Hartford and Charles Schwab. Their fees differ too: 0.24% for HSRT and 0.03% for SCYB.