HYS vs. USHY
Compare and contrast key facts about PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
HYS and USHY 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. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017. Both HYS and USHY 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 USHY.
Key characteristics
| HYS | USHY | |
|---|---|---|
| YTD Return | 7.93% | 8.49% |
| 1Y Return | 13.19% | 13.41% |
| 3Y Return (Ann) | 5.05% | 3.05% |
| 5Y Return (Ann) | 4.84% | 4.36% |
| Sharpe Ratio | 3.20 | 3.27 |
| Sortino Ratio | 5.04 | 5.23 |
| Omega Ratio | 1.63 | 1.67 |
| Calmar Ratio | 7.21 | 3.17 |
| Martin Ratio | 32.39 | 25.72 |
| Ulcer Index | 0.43% | 0.56% |
| Daily Std Dev | 4.39% | 4.44% |
| Max Drawdown | -20.91% | -22.44% |
| Current Drawdown | -0.71% | -0.40% |
Correlation
The correlation between HYS and USHY is 0.86, 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. USHY - Performance Comparison
In the year-to-date period, HYS achieves a 7.93% return, which is significantly lower than USHY's 8.49% 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. USHY - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is higher than USHY's 0.15% expense ratio.
Risk-Adjusted Performance
HYS vs. USHY - 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 Broad USD High Yield Corporate Bond ETF (USHY). 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. USHY - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 8.37%, more than USHY's 6.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 8.37% | 7.58% | 5.01% | 3.74% | 4.52% | 4.98% | 4.97% | 5.00% | 5.13% | 5.22% | 5.42% | 4.59% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.68% | 6.62% | 6.08% | 5.07% | 5.31% | 5.91% | 6.30% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYS vs. USHY - Drawdown Comparison
The maximum HYS drawdown since its inception was -20.91%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for HYS and USHY. For additional features, visit the drawdowns tool.
Volatility
HYS vs. USHY - Volatility Comparison
PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) has a higher volatility of 1.30% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 1.06%. This indicates that HYS's price experiences larger fluctuations and is considered to be riskier than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.