HYS vs. PRFRX
Compare and contrast key facts about PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) and T. Rowe Price Floating Rate Fund (PRFRX).
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. PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011.
Performance
HYS vs. PRFRX - Performance Comparison
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HYS vs. PRFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 10.22% | -1.05% | 5.75% |
PRFRX T. Rowe Price Floating Rate Fund | -0.06% | 13.09% | 8.80% | 13.78% | -1.95% | 4.60% | 1.75% | 8.46% | -0.08% | 3.48% |
Returns By Period
In the year-to-date period, HYS achieves a -0.39% return, which is significantly lower than PRFRX's -0.06% return. Both investments have delivered pretty close results over the past 10 years, with HYS having a 5.62% annualized return and PRFRX not far ahead at 5.66%.
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%
PRFRX
- 1D
- 0.00%
- 1M
- -0.11%
- YTD
- -0.06%
- 6M
- 3.35%
- 1Y
- 11.72%
- 3Y*
- 10.22%
- 5Y*
- 7.18%
- 10Y*
- 5.66%
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HYS vs. PRFRX - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is lower than PRFRX's 0.75% expense ratio.
Return for Risk
HYS vs. PRFRX — Risk / Return Rank
HYS
PRFRX
HYS vs. PRFRX - 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 T. Rowe Price Floating Rate Fund (PRFRX). 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 | PRFRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 3.66 | -2.32 |
Sortino ratioReturn per unit of downside risk | 1.93 | 7.34 | -5.40 |
Omega ratioGain probability vs. loss probability | 1.32 | 2.39 | -1.07 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 5.81 | -4.03 |
Martin ratioReturn relative to average drawdown | 9.95 | 28.10 | -18.15 |
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 | PRFRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 3.66 | -2.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 2.48 | -1.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 1.45 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 1.43 | -0.62 |
Correlation
The correlation between HYS and PRFRX is 0.29, 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. PRFRX - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 7.40%, less than PRFRX's 12.94% 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% |
PRFRX T. Rowe Price Floating Rate Fund | 12.94% | 12.91% | 8.17% | 9.57% | 4.03% | 3.86% | 4.00% | 4.84% | 4.87% | 4.04% | 4.07% | 4.07% |
Drawdowns
HYS vs. PRFRX - Drawdown Comparison
The maximum HYS drawdown since its inception was -20.91%, roughly equal to the maximum PRFRX drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for HYS and PRFRX.
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Drawdown Indicators
| HYS | PRFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.91% | -20.05% | -0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -2.07% | -1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -10.61% | -5.94% | -4.67% |
Max Drawdown (10Y)Largest decline over 10 years | -20.91% | -20.05% | -0.86% |
Current DrawdownCurrent decline from peak | -1.02% | -0.64% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -0.69% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.43% | +0.30% |
Volatility
HYS vs. PRFRX - Volatility Comparison
PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) has a higher volatility of 1.88% compared to T. Rowe Price Floating Rate Fund (PRFRX) at 0.74%. This indicates that HYS's price experiences larger fluctuations and is considered to be riskier than PRFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYS | PRFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 0.74% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.18% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.38% | 3.34% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 2.91% | +3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.85% | 3.92% | +2.93% |