HYS vs. RBIL
HYS (PIMCO 0-5 Year High Yield Corporate Bond Index ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - HYS is a High Yield Bonds fund tracking the ICE BofA US High Yield Constrained (0-5 Y), while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, HYS returned 6.52% vs 4.07% for RBIL. At a correlation of -0.17, they often move in opposite directions. HYS charges 0.56%/yr vs 0.17%/yr for RBIL.
Performance
HYS vs. RBIL - Performance Comparison
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Returns By Period
In the year-to-date period, HYS achieves a 1.56% return, which is significantly lower than RBIL's 2.32% return.
HYS
- 1D
- 0.01%
- 1M
- 0.62%
- YTD
- 1.56%
- 6M
- 1.72%
- 1Y
- 6.52%
- 3Y*
- 8.76%
- 5Y*
- 5.02%
- 10Y*
- 5.38%
RBIL
- 1D
- 0.01%
- 1M
- -0.19%
- YTD
- 2.32%
- 6M
- 2.37%
- 1Y
- 4.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYS vs. RBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 1.56% | 6.70% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.32% | 2.85% |
Correlation
The correlation between HYS and RBIL is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025 | -0.17 |
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Return for Risk
HYS vs. RBIL — Risk / Return Rank
HYS
RBIL
HYS vs. RBIL - 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 F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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.
| HYS | RBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.75 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 2.13 | -0.77 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 7.82 | -4.35 |
| Martin ratioReturn relative to average drawdown | 14.11 | 42.95 | -28.84 |
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Drawdowns
HYS vs. RBIL - Drawdown Comparison
The maximum HYS drawdown since its inception was -20.91%, which is greater than RBIL's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for HYS and RBIL.
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Drawdown Indicators
| HYS | RBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.91% | -0.52% | -20.39% |
Max Drawdown (1Y)Largest decline over 1 year | -1.88% | -0.52% | -1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -4.98% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.91% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.50% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -0.07% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.10% | +0.36% |
Volatility
HYS vs. RBIL - Volatility Comparison
PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) has a higher volatility of 0.79% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.36%. This indicates that HYS's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYS | RBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.36% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 0.85% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 0.95% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.27% | 1.07% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.83% | 1.07% | +5.76% |
HYS vs. RBIL - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is higher than RBIL's 0.17% expense ratio.
Dividends
HYS vs. RBIL - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 7.34%, more than RBIL's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 7.34% | 7.20% | 7.43% | 6.44% | 5.01% | 3.74% | 4.52% | 4.98% | 4.64% | 5.01% | 5.13% | 5.22% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.38% | 3.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYS and RBIL have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYS has higher volatility (0.79%) compared to RBIL (0.36%). In terms of maximum drawdown, HYS dropped -20.91% vs RBIL's -0.52%.
On 1-year performance, HYS leads with 6.52% vs 4.07% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYS has performed better with a 6.52% return vs 4.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RBIL is cheaper with a 0.17% expense ratio, compared with 0.56% for HYS.
HYS has the higher dividend yield at 7.34%, compared with 4.38% for RBIL.
HYS is categorized as High Yield Bonds, while RBIL is Inflation-Protected Bonds. HYS tracks ICE BofA US High Yield Constrained (0-5 Y), while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: PIMCO and F/m. Their fees differ too: 0.56% for HYS and 0.17% for RBIL.
RBIL currently has the higher Sharpe Ratio (4.35 vs 1.89), 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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