HYFI vs. SDFI

Last updated Jun 4, 2026

HYFI (AB High Yield ETF) and SDFI (AB Short Duration Income ETF) are both exchange-traded funds - HYFI is a High Yield Bonds fund actively managed by AllianceBernstein, while SDFI is a Short-Term Bond fund tracking the Actively Managed. HYFI is actively managed, while SDFI is passively managed. Over the past year, HYFI returned 7.81% vs 4.51% for SDFI. At a 0.47 correlation, their price movements are largely independent. HYFI charges 0.40%/yr vs 0.30%/yr for SDFI.

Performance

HYFI vs. SDFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB High Yield ETF (HYFI) and AB Short Duration Income ETF (SDFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYFI achieves a 1.95% return, which is significantly higher than SDFI's 0.86% return.

HYFI

• 1D: -0.24%
• 1M: 0.55%
• YTD: 1.95%
• 6M: 2.21%
• 1Y: 7.81%
• 3Y*: 9.12%
• 5Y*: —
• 10Y*: —

SDFI

• 1D: -0.06%
• 1M: 0.12%
• YTD: 0.86%
• 6M: 1.12%
• 1Y: 4.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYFI vs. SDFI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HYFI AB High Yield ETF	1.95%	8.91%	5.55%
SDFI AB Short Duration Income ETF	0.86%	6.39%	3.71%

Correlation

The correlation between HYFI and SDFI is 0.51, 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	0.51
Correlation (All Time) Calculated using the full available price history since Jun 11, 2024	0.47

The correlation between HYFI and SDFI has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.

HYFI vs. SDFI - Sectors Allocation Comparison

Sectors	HYFI	SDFI
Communication Services	80.8%	-
Consumer Cyclical	19.0%	-
Energy	0.2%	100.0%
Basic Materials	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

HYFI vs. SDFI — Risk / Return Rank

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

HYFI

HYFI Risk / Return Rank: 65
HYFI Sharpe Ratio Rank: 59
HYFI Sortino Ratio Rank: 67
HYFI Omega Ratio Rank: 63
HYFI Calmar Ratio Rank: 64
HYFI Martin Ratio Rank: 75

SDFI

SDFI Risk / Return Rank: 74
SDFI Sharpe Ratio Rank: 67
SDFI Sortino Ratio Rank: 74
SDFI Omega Ratio Rank: 74
SDFI Calmar Ratio Rank: 76
SDFI Martin Ratio Rank: 80

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.

HYFI vs. SDFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB High Yield ETF (HYFI) and AB Short Duration Income ETF (SDFI). 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.

	HYFI	SDFI	Difference
Sharpe ratio: Return per unit of total volatility	1.99	2.17	-0.18
Sortino ratio: Return per unit of downside risk	3.08	3.27	-0.19
Omega ratio: Gain probability vs. loss probability	1.38	1.43	-0.05
Calmar ratio: Return relative to maximum drawdown	3.15	3.77	-0.62
Martin ratio: Return relative to average drawdown	14.18	15.42	-1.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYFI vs. SDFI - Sharpe Ratio Comparison

The current HYFI Sharpe Ratio is 1.99, which is comparable to the SDFI Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of HYFI and SDFI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYFI	SDFI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	2.17	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	1.70	2.25	-0.55

Drawdowns

HYFI vs. SDFI - Drawdown Comparison

The maximum HYFI drawdown since its inception was -6.34%, which is greater than SDFI's maximum drawdown of -1.21%. Use the drawdown chart below to compare losses from any high point for HYFI and SDFI.

Drawdown Indicators

	HYFI	SDFI	Difference
Max Drawdown Largest peak-to-trough decline	-6.34%	-1.21%	-5.13%
Max Drawdown (1Y) Largest decline over 1 year	-2.49%	-1.20%	-1.29%
Max Drawdown (3Y) Largest decline over 3 years	-6.34%	—	—
Current Drawdown Current decline from peak	-0.24%	-0.17%	-0.07%
Average Drawdown Average peak-to-trough decline	-0.51%	-0.22%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.55%	0.29%	+0.26%

Volatility

HYFI vs. SDFI - Volatility Comparison

AB High Yield ETF (HYFI) has a higher volatility of 1.09% compared to AB Short Duration Income ETF (SDFI) at 0.52%. This indicates that HYFI's price experiences larger fluctuations and is considered to be riskier than SDFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYFI	SDFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.09%	0.52%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	3.10%	1.33%	+1.77%
Volatility (1Y) Calculated over the trailing 1-year period	3.95%	2.09%	+1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.36%	2.48%	+2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.36%	2.48%	+2.88%

HYFI vs. SDFI - Expense Ratio Comparison

HYFI has a 0.40% expense ratio, which is higher than SDFI's 0.30% expense ratio.

Dividends

HYFI vs. SDFI - Dividend Comparison

HYFI's dividend yield for the trailing twelve months is around 6.64%, more than SDFI's 4.61% yield.

Position	TTM	2025	2024	2023
HYFI AB High Yield ETF	6.64%	6.66%	6.57%	4.17%
SDFI AB Short Duration Income ETF	4.61%	4.66%	3.11%	0.00%

Frequently Asked Questions

Can I hold both HYFI and SDFI in my portfolio?

HYFI and SDFI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYFI or SDFI?

HYFI has higher volatility (1.09%) compared to SDFI (0.52%). In terms of maximum drawdown, HYFI dropped -6.34% vs SDFI's -1.21%.

Which ETF is better, HYFI or SDFI?

On 1-year performance, HYFI leads with 7.81% vs 4.51% for SDFI. On fees, SDFI is cheaper at 0.30% per year. On volatility, SDFI has been the lower-risk option at 0.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYFI or SDFI?

Over the 1-year period, HYFI has performed better with a 7.81% return vs 4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYFI or SDFI?

SDFI is cheaper with a 0.30% expense ratio, compared with 0.40% for HYFI.

Which ETF pays a higher dividend yield, HYFI or SDFI?

HYFI has the higher dividend yield at 6.64%, compared with 4.61% for SDFI.

What is the main difference between HYFI and SDFI?

HYFI is categorized as High Yield Bonds, while SDFI is Short-Term Bond. Their fees differ too: 0.40% for HYFI and 0.30% for SDFI.

Which has better risk-adjusted returns?

SDFI currently has the higher Sharpe Ratio (2.17 vs 1.99), 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.