HYLD vs. USCL

Last updated Jun 23, 2026

HYLD (High Yield ETF) and USCL (Ishares Climate Conscious & Transition MSCI USA ETF) are both exchange-traded funds - HYLD is a High Yield Bonds fund actively managed by Exchange Traded Concepts, while USCL is a Large Cap Blend Equities fund tracking the MSCI USA Extended Climate Action Index - Benchmark TR Gross. HYLD is actively managed, while USCL is passively managed. At a 0.12 correlation, their price movements are largely independent. HYLD charges 1.29%/yr vs 0.08%/yr for USCL.

Performance

HYLD vs. USCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in High Yield ETF (HYLD) and Ishares Climate Conscious & Transition MSCI USA ETF (USCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYLD

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

USCL

• 1D: -0.80%
• 1M: -0.80%
• YTD: 4.85%
• 6M: 4.22%
• 1Y: 18.14%
• 3Y*: 19.16%
• 5Y*: —
• 10Y*: —

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

HYLD vs. USCL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HYLD High Yield ETF	0.00%	0.00%	0.00%	0.74%
USCL Ishares Climate Conscious & Transition MSCI USA ETF	4.85%	14.26%	27.04%	12.71%

Correlation

The correlation between HYLD and USCL is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jun 8, 2023	0.12

Return for Risk

HYLD vs. USCL — Risk / Return Rank

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

HYLD

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

USCL

USCL Risk / Return Rank: 40
USCL Sharpe Ratio Rank: 42
USCL Sortino Ratio Rank: 40
USCL Omega Ratio Rank: 40
USCL Calmar Ratio Rank: 36
USCL Martin Ratio Rank: 43

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.

HYLD vs. USCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for High Yield ETF (HYLD) and Ishares Climate Conscious & Transition MSCI USA ETF (USCL). 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.

	HYLD	USCL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.44	—
Sortino ratio: Return per unit of downside risk	—	1.99	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	1.78	—
Martin ratio: Return relative to average drawdown	—	6.85	—

Drawdowns

Drawdown Indicators

	HYLD	USCL	Difference
Max Drawdown Largest peak-to-trough decline	—	-19.00%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.24%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.00%	—
Current Drawdown Current decline from peak	—	-2.88%	—
Average Drawdown Average peak-to-trough decline	—	-2.27%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.65%	—

Volatility

Volatility by Period

	HYLD	USCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.69%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.94%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	14.94%	—

HYLD vs. USCL - Expense Ratio Comparison

HYLD has a 1.29% expense ratio, which is higher than USCL's 0.08% expense ratio.

Dividends

HYLD vs. USCL - Dividend Comparison

HYLD has not paid dividends to shareholders, while USCL's dividend yield for the trailing twelve months is around 1.12%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
USCL Ishares Climate Conscious & Transition MSCI USA ETF	1.12%	1.10%	1.18%	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HYLD and USCL in my portfolio?

HYLD and USCL have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HYLD or USCL?

On fees, USCL is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYLD or USCL?

USCL is cheaper with a 0.08% expense ratio, compared with 1.29% for HYLD.

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

USCL has the higher dividend yield at 1.12%, compared with 0.00% for HYLD.

What is the main difference between HYLD and USCL?

HYLD is categorized as High Yield Bonds, while USCL is Large Cap Blend Equities. They also come from different issuers: Exchange Traded Concepts and iShares. Their fees differ too: 1.29% for HYLD and 0.08% for USCL.