HYS vs. EMNT
Compare and contrast key facts about PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) and PIMCO Enhanced Short Maturity Active ESG ETF (EMNT).
HYS and EMNT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYS is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US High Yield Constrained (0-5 Y). It was launched on Jun 16, 2011. EMNT is an actively managed fund by PIMCO. It was launched on Dec 10, 2019.
Performance
HYS vs. EMNT - Performance Comparison
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HYS vs. EMNT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | -0.39% | 8.80% | 8.42% | 11.38% | -5.42% | 4.77% | 3.27% | 0.96% |
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 0.97% | 4.74% | 5.79% | 5.84% | -0.57% | 0.11% | 2.08% | 0.09% |
Returns By Period
In the year-to-date period, HYS achieves a -0.39% return, which is significantly lower than EMNT's 0.97% return.
HYS
- 1D
- 0.70%
- 1M
- -0.57%
- YTD
- -0.39%
- 6M
- 1.22%
- 1Y
- 7.13%
- 3Y*
- 8.21%
- 5Y*
- 4.94%
- 10Y*
- 5.62%
EMNT
- 1D
- 0.05%
- 1M
- 0.24%
- YTD
- 0.97%
- 6M
- 2.04%
- 1Y
- 4.51%
- 3Y*
- 5.31%
- 5Y*
- 3.34%
- 10Y*
- —
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HYS vs. EMNT - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is higher than EMNT's 0.24% expense ratio.
Return for Risk
HYS vs. EMNT — Risk / Return Rank
HYS
EMNT
HYS vs. EMNT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) and PIMCO Enhanced Short Maturity Active ESG ETF (EMNT). 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.
| HYS | EMNT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 11.02 | -9.69 |
Sortino ratioReturn per unit of downside risk | 1.93 | 23.01 | -21.07 |
Omega ratioGain probability vs. loss probability | 1.32 | 5.88 | -4.57 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 34.06 | -32.27 |
Martin ratioReturn relative to average drawdown | 9.95 | 226.92 | -216.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYS | EMNT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 11.02 | -9.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 4.08 | -3.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 3.45 | -2.65 |
Correlation
The correlation between HYS and EMNT is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HYS vs. EMNT - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 7.40%, more than EMNT's 4.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 7.40% | 7.20% | 7.43% | 6.44% | 5.01% | 3.74% | 4.52% | 4.98% | 4.64% | 5.01% | 5.13% | 5.22% |
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 4.23% | 4.46% | 5.14% | 4.62% | 2.79% | 0.66% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYS vs. EMNT - Drawdown Comparison
The maximum HYS drawdown since its inception was -20.91%, which is greater than EMNT's maximum drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for HYS and EMNT.
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Drawdown Indicators
| HYS | EMNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.91% | -2.28% | -18.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -0.13% | -3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -10.61% | -1.70% | -8.91% |
Max Drawdown (10Y)Largest decline over 10 years | -20.91% | — | — |
Current DrawdownCurrent decline from peak | -1.02% | 0.00% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -0.24% | -1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.02% | +0.71% |
Volatility
HYS vs. EMNT - Volatility Comparison
PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) has a higher volatility of 1.88% compared to PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) at 0.24%. This indicates that HYS's price experiences larger fluctuations and is considered to be riskier than EMNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYS | EMNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 0.24% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 0.29% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.38% | 0.41% | +4.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 0.82% | +5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.85% | 0.87% | +5.98% |