HYS vs. SVOL
Compare and contrast key facts about PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) and Simplify Volatility Premium ETF (SVOL).
HYS and SVOL 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. SVOL is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYS or SVOL.
Key characteristics
| HYS | SVOL | |
|---|---|---|
| YTD Return | 7.99% | 9.71% |
| 1Y Return | 14.10% | 13.02% |
| 3Y Return (Ann) | 5.07% | 8.83% |
| Sharpe Ratio | 3.20 | 1.11 |
| Sortino Ratio | 5.05 | 1.49 |
| Omega Ratio | 1.63 | 1.28 |
| Calmar Ratio | 7.22 | 1.21 |
| Martin Ratio | 32.62 | 7.91 |
| Ulcer Index | 0.43% | 1.67% |
| Daily Std Dev | 4.39% | 11.94% |
| Max Drawdown | -20.91% | -15.68% |
| Current Drawdown | -0.66% | -0.05% |
Correlation
The correlation between HYS and SVOL is 0.54, 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. SVOL - Performance Comparison
In the year-to-date period, HYS achieves a 7.99% return, which is significantly lower than SVOL's 9.71% 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. SVOL - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Risk-Adjusted Performance
HYS vs. SVOL - 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 Simplify Volatility Premium ETF (SVOL). 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. SVOL - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 8.36%, less than SVOL's 16.29% 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% |
SVOL Simplify Volatility Premium ETF | 16.29% | 16.37% | 18.31% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYS vs. SVOL - Drawdown Comparison
The maximum HYS drawdown since its inception was -20.91%, which is greater than SVOL's maximum drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for HYS and SVOL. For additional features, visit the drawdowns tool.
Volatility
HYS vs. SVOL - Volatility Comparison
The current volatility for PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) is 1.30%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 3.40%. This indicates that HYS experiences smaller price fluctuations and is considered to be less risky than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.