HYLS vs. YLD
HYLS (First Trust Tactical High Yield ETF) and YLD (Principal Active High Yield ETF) are both High Yield Bonds funds. Both are actively managed. Over the past 10 years, HYLS returned 4.41%/yr vs 5.74%/yr for YLD. A 0.50 correlation means they provide meaningful diversification when combined. HYLS charges 1.01%/yr vs 0.39%/yr for YLD.
Performance
HYLS vs. YLD - Performance Comparison
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Returns By Period
In the year-to-date period, HYLS achieves a 0.40% return, which is significantly lower than YLD's 3.32% return. Over the past 10 years, HYLS has underperformed YLD with an annualized return of 4.41%, while YLD has yielded a comparatively higher 5.74% annualized return.
HYLS
- 1D
- 0.16%
- 1M
- 0.46%
- YTD
- 0.40%
- 6M
- 0.76%
- 1Y
- 4.96%
- 3Y*
- 7.62%
- 5Y*
- 2.94%
- 10Y*
- 4.41%
YLD
- 1D
- 0.26%
- 1M
- 1.00%
- YTD
- 3.32%
- 6M
- 3.59%
- 1Y
- 7.20%
- 3Y*
- 8.71%
- 5Y*
- 5.07%
- 10Y*
- 5.74%
HYLS vs. YLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYLS First Trust Tactical High Yield ETF | 0.40% | 8.00% | 5.85% | 13.66% | -12.83% | 3.69% | 5.32% | 14.66% | -2.46% | 6.39% |
YLD Principal Active High Yield ETF | 3.32% | 6.55% | 9.19% | 12.93% | -8.78% | 9.17% | 1.50% | 13.58% | -3.30% | 9.12% |
Correlation
The correlation between HYLS and YLD is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2015 | 0.50 |
The correlation between HYLS and YLD shifts across timeframes, from 0.50 (all time) to 0.70 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HYLS vs. YLD — Risk / Return Rank
HYLS
YLD
HYLS vs. YLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Tactical High Yield ETF (HYLS) and Principal Active High Yield ETF (YLD). 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 | YLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 3.68 | -2.05 |
| Martin ratioReturn relative to average drawdown | 6.91 | 12.63 | -5.72 |
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Drawdowns
HYLS vs. YLD - Drawdown Comparison
The maximum HYLS drawdown since its inception was -22.99%, smaller than the maximum YLD drawdown of -28.34%. Use the drawdown chart below to compare losses from any high point for HYLS and YLD.
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Drawdown Indicators
| HYLS | YLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.99% | -28.34% | +5.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -1.98% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | -5.62% | +1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -15.75% | -13.89% | -1.86% |
Max Drawdown (10Y)Largest decline over 10 years | -22.99% | -28.34% | +5.35% |
Current DrawdownCurrent decline from peak | -0.19% | -0.03% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -2.15% | -2.69% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.58% | +0.15% |
Volatility
HYLS vs. YLD - Volatility Comparison
The current volatility for First Trust Tactical High Yield ETF (HYLS) is 1.02%, while Principal Active High Yield ETF (YLD) has a volatility of 1.15%. This indicates that HYLS experiences smaller price fluctuations and is considered to be less risky than YLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYLS | YLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.15% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 3.51% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.55% | 4.37% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 6.39% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.70% | 8.20% | -1.50% |
HYLS vs. YLD - Expense Ratio Comparison
HYLS has a 1.01% expense ratio, which is higher than YLD's 0.39% expense ratio.
Dividends
HYLS vs. YLD - Dividend Comparison
HYLS's dividend yield for the trailing twelve months is around 6.70%, less than YLD's 7.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLS First Trust Tactical High Yield ETF | 6.70% | 6.38% | 6.25% | 5.98% | 7.38% | 5.48% | 5.09% | 5.17% | 5.81% | 5.53% | 5.37% | 6.11% |
YLD Principal Active High Yield ETF | 7.24% | 7.33% | 7.12% | 6.46% | 6.51% | 3.92% | 4.40% | 4.81% | 5.42% | 6.28% | 4.47% | 2.56% |
Frequently Asked Questions
HYLS and YLD have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YLD has higher volatility (1.15%) compared to HYLS (1.02%). In terms of maximum drawdown, HYLS dropped -22.99% vs YLD's -28.34%.
On 10-year performance, YLD leads with 5.74% vs 4.41% for HYLS. On fees, YLD is cheaper at 0.39% per year. On volatility, HYLS has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, YLD has performed better with a 5.74% return vs 4.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YLD is cheaper with a 0.39% expense ratio, compared with 1.01% for HYLS.
YLD has the higher dividend yield at 7.24%, compared with 6.70% for HYLS.
They also come from different issuers: First Trust and Principal. Their fees differ too: 1.01% for HYLS and 0.39% for YLD.
YLD currently has the higher Sharpe Ratio (1.67 vs 1.42), 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.
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