HYS vs. VTIP
Compare and contrast key facts about PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
HYS and VTIP 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. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012. Both HYS and VTIP 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 VTIP.
Key characteristics
| HYS | VTIP | |
|---|---|---|
| YTD Return | 8.47% | 4.46% |
| 1Y Return | 14.57% | 7.00% |
| 3Y Return (Ann) | 5.23% | 2.13% |
| 5Y Return (Ann) | 4.98% | 3.52% |
| 10Y Return (Ann) | 4.60% | 2.39% |
| Sharpe Ratio | 3.43 | 3.24 |
| Sortino Ratio | 5.45 | 5.79 |
| Omega Ratio | 1.68 | 1.76 |
| Calmar Ratio | 7.71 | 4.06 |
| Martin Ratio | 34.99 | 27.03 |
| Ulcer Index | 0.43% | 0.26% |
| Daily Std Dev | 4.37% | 2.16% |
| Max Drawdown | -20.91% | -6.27% |
| Current Drawdown | -0.22% | -0.55% |
Correlation
The correlation between HYS and VTIP is 0.22, 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.
Performance
HYS vs. VTIP - Performance Comparison
In the year-to-date period, HYS achieves a 8.47% return, which is significantly higher than VTIP's 4.46% return. Over the past 10 years, HYS has outperformed VTIP with an annualized return of 4.60%, while VTIP has yielded a comparatively lower 2.39% annualized 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. VTIP - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is higher than VTIP's 0.04% expense ratio.
Risk-Adjusted Performance
HYS vs. VTIP - 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 Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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. VTIP - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 8.32%, more than VTIP's 3.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 8.32% | 7.58% | 5.01% | 3.74% | 4.52% | 4.98% | 4.97% | 5.00% | 5.13% | 5.22% | 5.42% | 4.59% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.39% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
HYS vs. VTIP - Drawdown Comparison
The maximum HYS drawdown since its inception was -20.91%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for HYS and VTIP. For additional features, visit the drawdowns tool.
Volatility
HYS vs. VTIP - Volatility Comparison
PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) has a higher volatility of 1.21% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.45%. This indicates that HYS's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.