HYS vs. HYSZX
Compare and contrast key facts about PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) and PGIM Short Duration High Yield Income Fund (HYSZX).
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. HYSZX is managed by PGIM Investments. It was launched on Oct 26, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYS or HYSZX.
Key characteristics
| HYS | HYSZX | |
|---|---|---|
| YTD Return | 8.35% | 6.87% |
| 1Y Return | 14.33% | 12.50% |
| 3Y Return (Ann) | 5.07% | 4.14% |
| 5Y Return (Ann) | 4.89% | 4.86% |
| 10Y Return (Ann) | 4.53% | 4.75% |
| Sharpe Ratio | 3.30 | 3.72 |
| Sortino Ratio | 5.20 | 7.25 |
| Omega Ratio | 1.65 | 2.05 |
| Calmar Ratio | 7.45 | 7.03 |
| Martin Ratio | 33.74 | 25.39 |
| Ulcer Index | 0.43% | 0.50% |
| Daily Std Dev | 4.39% | 3.40% |
| Max Drawdown | -20.91% | -18.31% |
| Current Drawdown | 0.00% | -0.17% |
Correlation
The correlation between HYS and HYSZX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HYS vs. HYSZX - Performance Comparison
In the year-to-date period, HYS achieves a 8.35% return, which is significantly higher than HYSZX's 6.87% return. Both investments have delivered pretty close results over the past 10 years, with HYS having a 4.53% annualized return and HYSZX not far ahead at 4.75%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HYS vs. HYSZX - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is lower than HYSZX's 0.75% expense ratio.
Risk-Adjusted Performance
HYS vs. HYSZX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) and PGIM Short Duration High Yield Income Fund (HYSZX). 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.
Dividends
HYS vs. HYSZX - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 8.33%, more than HYSZX's 6.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 8.33% | 7.58% | 5.01% | 3.74% | 4.52% | 4.98% | 4.97% | 5.00% | 5.13% | 5.22% | 5.42% | 4.59% |
HYSZX PGIM Short Duration High Yield Income Fund | 6.69% | 6.42% | 6.15% | 5.01% | 5.00% | 5.53% | 5.95% | 5.73% | 6.13% | 6.76% | 6.22% | 6.01% |
Drawdowns
HYS vs. HYSZX - Drawdown Comparison
The maximum HYS drawdown since its inception was -20.91%, which is greater than HYSZX's maximum drawdown of -18.31%. Use the drawdown chart below to compare losses from any high point for HYS and HYSZX. For additional features, visit the drawdowns tool.
Volatility
HYS vs. HYSZX - Volatility Comparison
PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) has a higher volatility of 1.17% compared to PGIM Short Duration High Yield Income Fund (HYSZX) at 0.62%. This indicates that HYS's price experiences larger fluctuations and is considered to be riskier than HYSZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.