HYLS vs. VTV
HYLS (First Trust Tactical High Yield ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - HYLS is a High Yield Bonds fund actively managed by First Trust, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. HYLS is actively managed, while VTV is passively managed. Over the past 10 years, HYLS returned 4.19%/yr vs 12.57%/yr for VTV. Their 0.51 correlation means they have sometimes moved together and sometimes differently. HYLS charges 1.01%/yr vs 0.04%/yr for VTV.
Performance
HYLS vs. VTV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYLS achieves a 0.57% return, which is significantly lower than VTV's 16.37% return. Over the past 10 years, HYLS has underperformed VTV with an annualized return of 4.19%, while VTV has yielded a comparatively higher 12.57% annualized return.
HYLS
- 1D
- -0.05%
- 1M
- -0.20%
- 6M
- 0.66%
- YTD
- 0.57%
- 1Y
- 3.86%
- 3Y*
- 7.28%
- 5Y*
- 2.88%
- 10Y*
- 4.19%
- ALL TIME*
- 4.23%
VTV
- 1D
- -0.27%
- 1M
- 0.36%
- 6M
- 11.27%
- YTD
- 16.37%
- 1Y
- 27.94%
- 3Y*
- 17.12%
- 5Y*
- 12.29%
- 10Y*
- 12.57%
- ALL TIME*
- 9.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.90M | $12.15M | $7.99M | |
| $688.19M | $688.42M | $619.05M |
HYLS vs. VTV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYLS First Trust Tactical High Yield ETF | 0.57% | 8.00% | 5.85% | 13.66% | -12.83% | 3.69% | 5.32% | 14.66% | -2.46% | 6.39% |
VTV Vanguard Value ETF | 16.37% | 15.27% | 15.95% | 9.32% | -2.09% | 26.53% | 2.33% | 25.66% | -5.47% | 17.15% |
Correlation
The correlation between HYLS and VTV is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2013 | 0.51 |
The correlation between HYLS and VTV has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYLS vs. VTV — Risk / Return Rank
HYLS
VTV
HYLS vs. VTV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Tactical High Yield ETF (HYLS) and Vanguard Value ETF (VTV). 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.
| HYLS | VTV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.47 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 4.24 | -2.96 |
| Martin ratioReturn relative to average drawdown | 5.43 | 16.42 | -11.00 |
Loading charts...
Drawdowns
HYLS vs. VTV - Drawdown Comparison
The maximum HYLS drawdown since its inception was -22.99%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for HYLS and VTV.
Loading charts...
Drawdown Indicators
| HYLS | VTV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.99% | -59.27% | +36.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -6.35% | +3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | -14.52% | +10.56% |
Max Drawdown (5Y)Largest decline over 5 years | -15.75% | -17.04% | +1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -22.99% | -36.78% | +13.79% |
Current DrawdownCurrent decline from peak | -0.47% | -1.36% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -7.82% | +5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 1.64% | -0.91% |
Volatility
HYLS vs. VTV - Volatility Comparison
The current volatility for First Trust Tactical High Yield ETF (HYLS) is 0.75%, while Vanguard Value ETF (VTV) has a volatility of 2.62%. This indicates that HYLS experiences smaller price fluctuations and is considered to be less risky than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HYLS | VTV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 2.62% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 7.72% | -4.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 10.36% | -6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 13.82% | -7.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.68% | 16.61% | -9.93% |
HYLS vs. VTV - Expense Ratio Comparison
HYLS has a 1.01% expense ratio, which is higher than VTV's 0.04% expense ratio.
Dividends
HYLS vs. VTV - Dividend Comparison
HYLS's dividend yield for the trailing twelve months is around 6.79%, more than VTV's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLS First Trust Tactical High Yield ETF | 6.79% | 6.38% | 6.25% | 5.98% | 7.38% | 5.48% | 5.09% | 5.17% | 5.81% | 5.53% | 5.37% | 6.11% |
VTV Vanguard Value ETF | 1.86% | 2.05% | 2.31% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% |
Frequently Asked Questions
HYLS and VTV have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTV has higher volatility (2.62%) compared to HYLS (0.75%). In terms of maximum drawdown, HYLS dropped -22.99% vs VTV's -59.27%.
On 10-year performance, VTV leads with 12.57% vs 4.19% for HYLS. On fees, VTV is cheaper at 0.04% per year. On volatility, HYLS has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VTV has performed better with a 12.57% return vs 4.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTV is cheaper with a 0.04% expense ratio, compared with 1.01% for HYLS.
HYLS has the higher dividend yield at 6.79%, compared with 1.86% for VTV.
HYLS is categorized as High Yield Bonds, while VTV is Large Cap Value Equities. They also come from different issuers: First Trust and Vanguard. Their fees differ too: 1.01% for HYLS and 0.04% for VTV.
VTV currently has the higher Sharpe Ratio (2.62 vs 1.14), 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.
Find the right allocation for HYLS and VTV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer