HYS vs. IBHD
Compare and contrast key facts about PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD).
HYS and IBHD 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. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019. Both HYS and IBHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYS or IBHD.
Key characteristics
| HYS | IBHD | |
|---|---|---|
| YTD Return | 7.99% | 5.24% |
| 1Y Return | 14.10% | 6.79% |
| 3Y Return (Ann) | 5.07% | 4.11% |
| 5Y Return (Ann) | 4.90% | 4.04% |
| Sharpe Ratio | 3.20 | 4.16 |
| Sortino Ratio | 5.05 | 6.52 |
| Omega Ratio | 1.63 | 2.07 |
| Calmar Ratio | 7.22 | 13.81 |
| Martin Ratio | 32.62 | 79.28 |
| Ulcer Index | 0.43% | 0.09% |
| Daily Std Dev | 4.39% | 1.71% |
| Max Drawdown | -20.91% | -20.11% |
| Current Drawdown | -0.66% | -0.02% |
Correlation
The correlation between HYS and IBHD is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HYS vs. IBHD - Performance Comparison
In the year-to-date period, HYS achieves a 7.99% return, which is significantly higher than IBHD's 5.24% return. 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. IBHD - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is higher than IBHD's 0.35% expense ratio.
Risk-Adjusted Performance
HYS vs. IBHD - 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 iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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. IBHD - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 8.36%, more than IBHD's 6.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 8.36% | 7.58% | 5.01% | 3.74% | 4.52% | 4.98% | 4.97% | 5.00% | 5.13% | 5.22% | 5.42% | 4.59% |
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 6.27% | 6.90% | 4.91% | 4.43% | 5.50% | 3.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYS vs. IBHD - Drawdown Comparison
The maximum HYS drawdown since its inception was -20.91%, roughly equal to the maximum IBHD drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for HYS and IBHD. For additional features, visit the drawdowns tool.
Volatility
HYS vs. IBHD - Volatility Comparison
PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) has a higher volatility of 1.30% compared to iShares iBonds 2024 Term High Yield & Income ETF (IBHD) at 0.24%. This indicates that HYS's price experiences larger fluctuations and is considered to be riskier than IBHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.