HYTR vs. USHY
Compare and contrast key facts about CP High Yield Trend ETF (HYTR) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
HYTR and USHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYTR is a passively managed fund by Counterpoint Mutual Funds LLC that tracks the performance of the CP High Yield Trend Index. It was launched on Jan 21, 2020. 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 HYTR 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: HYTR or USHY.
Performance
HYTR vs. USHY - Performance Comparison
Returns By Period
In the year-to-date period, HYTR achieves a 7.04% return, which is significantly lower than USHY's 8.20% return.
HYTR
7.04%
-0.25%
5.10%
12.15%
N/A
N/A
USHY
8.20%
-0.10%
5.68%
13.20%
4.30%
N/A
Key characteristics
| HYTR | USHY | |
|---|---|---|
| Sharpe Ratio | 2.08 | 3.09 |
| Sortino Ratio | 3.09 | 4.85 |
| Omega Ratio | 1.48 | 1.62 |
| Calmar Ratio | 1.38 | 3.03 |
| Martin Ratio | 12.72 | 23.62 |
| Ulcer Index | 0.96% | 0.57% |
| Daily Std Dev | 5.90% | 4.34% |
| Max Drawdown | -13.24% | -22.44% |
| Current Drawdown | -1.62% | -0.67% |
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HYTR vs. USHY - Expense Ratio Comparison
HYTR has a 0.97% expense ratio, which is higher than USHY's 0.15% expense ratio.
Correlation
The correlation between HYTR and USHY is 0.74, 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.
Risk-Adjusted Performance
HYTR vs. USHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) 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
HYTR vs. USHY - Dividend Comparison
HYTR's dividend yield for the trailing twelve months is around 5.67%, less than USHY's 6.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
HYTR CP High Yield Trend ETF | 5.67% | 5.43% | 1.24% | 3.71% | 3.06% | 0.00% | 0.00% | 0.00% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.70% | 6.62% | 6.08% | 5.07% | 5.31% | 5.91% | 6.30% | 0.73% |
Drawdowns
HYTR vs. USHY - Drawdown Comparison
The maximum HYTR drawdown since its inception was -13.24%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for HYTR and USHY. For additional features, visit the drawdowns tool.
Volatility
HYTR vs. USHY - Volatility Comparison
CP High Yield Trend ETF (HYTR) and iShares Broad USD High Yield Corporate Bond ETF (USHY) have volatilities of 1.07% and 1.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.