HYS vs. RGHYX
HYS (PIMCO 0-5 Year High Yield Corporate Bond Index ETF) and RGHYX (RBC BlueBay High Yield Bond Fund) are both High Yield Bonds funds. Over the past 10 years, HYS returned 5.19%/yr vs 5.88%/yr for RGHYX. Their 0.56 correlation means they have sometimes moved together and sometimes differently. HYS charges 0.56%/yr vs 0.57%/yr for RGHYX.
Performance
HYS vs. RGHYX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HYS having a 1.42% return and RGHYX slightly lower at 1.35%. Over the past 10 years, HYS has underperformed RGHYX with an annualized return of 5.19%, while RGHYX has yielded a comparatively higher 5.88% annualized return.
HYS
- 1D
- 0.06%
- 1M
- -0.28%
- 6M
- 1.03%
- YTD
- 1.42%
- 1Y
- 5.05%
- 3Y*
- 8.13%
- 5Y*
- 5.03%
- 10Y*
- 5.19%
- ALL TIME*
- 4.99%
RGHYX
- 1D
- 0.20%
- 1M
- -0.50%
- 6M
- 0.65%
- YTD
- 1.35%
- 1Y
- 4.96%
- 3Y*
- 8.01%
- 5Y*
- 4.38%
- 10Y*
- 5.88%
- ALL TIME*
- 6.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.07M | $9.33M | $11.19M | |
| $0.00 | $0.00 | $0.00 |
HYS vs. RGHYX - 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 | 1.42% | 8.80% | 8.42% | 11.38% | -5.42% | 4.77% | 3.27% | 10.22% | -1.05% | 5.75% |
RGHYX RBC BlueBay High Yield Bond Fund | 1.35% | 9.02% | 7.14% | 12.88% | -8.48% | 3.72% | 9.65% | 15.83% | -0.73% | 6.72% |
Correlation
The correlation between HYS and RGHYX is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.56 |
The correlation between HYS and RGHYX shifts across timeframes, from 0.56 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HYS vs. RGHYX — Risk / Return Rank
HYS
RGHYX
HYS vs. RGHYX - 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 RBC BlueBay High Yield Bond Fund (RGHYX). 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 | RGHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.39 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.88 | +0.88 |
| Martin ratioReturn relative to average drawdown | 10.85 | 8.46 | +2.39 |
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Drawdowns
HYS vs. RGHYX - Drawdown Comparison
The maximum HYS drawdown since its inception was -20.91%, which is greater than RGHYX's maximum drawdown of -17.38%. Use the drawdown chart below to compare losses from any high point for HYS and RGHYX.
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Drawdown Indicators
| HYS | RGHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.91% | -17.38% | -3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -1.88% | -2.65% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -4.98% | -4.01% | -0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -10.61% | -12.79% | +2.18% |
Max Drawdown (10Y)Largest decline over 10 years | -20.91% | -17.38% | -3.53% |
Current DrawdownCurrent decline from peak | -0.53% | -0.70% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -1.52% | -1.46% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.59% | -0.11% |
Volatility
HYS vs. RGHYX - Volatility Comparison
PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) has a higher volatility of 0.76% compared to RBC BlueBay High Yield Bond Fund (RGHYX) at 0.65%. This indicates that HYS's price experiences larger fluctuations and is considered to be riskier than RGHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYS | RGHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.65% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 2.20% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 2.67% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.26% | 4.39% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.78% | 4.65% | +2.13% |
HYS vs. RGHYX - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is lower than RGHYX's 0.57% expense ratio.
Dividends
HYS vs. RGHYX - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 7.48%, more than RGHYX's 6.30% 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 | 6.87% | 7.20% | 7.43% | 6.44% | 5.01% | 3.74% | 4.52% | 4.98% | 4.64% | 5.01% | 5.13% | 5.22% |
RGHYX RBC BlueBay High Yield Bond Fund | 5.72% | 6.68% | 6.91% | 6.22% | 6.04% | 5.29% | 5.54% | 4.88% | 6.79% | 3.88% | 4.44% | 4.38% |
Frequently Asked Questions
HYS and RGHYX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYS has higher volatility (0.76%) compared to RGHYX (0.65%). In terms of maximum drawdown, HYS dropped -20.91% vs RGHYX's -17.38%.
RGHYX currently has the higher Sharpe Ratio (1.88 vs 1.53), 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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