HYXF vs. PSH

Last updated Apr 2, 2026

Compare and contrast key facts about iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) and PGIM Short Duration High Yield ETF (PSH).

HYXF and PSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYXF is a passively managed fund by iShares that tracks the performance of the Bloomberg MSCI US High Yield Corporate Choice ESG Screened. It was launched on Jun 14, 2016. PSH is an actively managed fund by PGIM. It was launched on Dec 14, 2023.

Performance

HYXF vs. PSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) and PGIM Short Duration High Yield ETF (PSH). The values are adjusted to include any dividend payments, if applicable.

HYXF vs. PSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HYXF iShares ESG Advanced High Yield Corporate Bond ETF	-0.72%	8.88%	8.35%	0.17%
PSH PGIM Short Duration High Yield ETF	0.76%	7.34%	7.96%	0.38%

Returns By Period

In the year-to-date period, HYXF achieves a -0.72% return, which is significantly lower than PSH's 0.76% return.

HYXF

• 1D: 0.31%
• 1M: -1.00%
• YTD: -0.72%
• 6M: 0.54%
• 1Y: 6.29%
• 3Y*: 8.13%
• 5Y*: 3.50%
• 10Y*: —

PSH

• 1D: 0.35%
• 1M: 0.20%
• YTD: 0.76%
• 6M: 1.82%
• 1Y: 6.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYXF vs. PSH - Expense Ratio Comparison

HYXF has a 0.35% expense ratio, which is lower than PSH's 0.45% expense ratio.

PSH

PGIM Short Duration High Yield ETF

HYXF

iShares ESG Advanced High Yield Corporate Bond ETF

Return for Risk

HYXF vs. PSH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYXF

HYXF Risk / Return Rank: 42
HYXF Sharpe Ratio Rank: 35
HYXF Sortino Ratio Rank: 34
HYXF Omega Ratio Rank: 56
HYXF Calmar Ratio Rank: 49
HYXF Martin Ratio Rank: 36

PSH

PSH Risk / Return Rank: 85
PSH Sharpe Ratio Rank: 83
PSH Sortino Ratio Rank: 88
PSH Omega Ratio Rank: 90
PSH Calmar Ratio Rank: 79
PSH Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYXF vs. PSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) and PGIM Short Duration High Yield ETF (PSH). 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.

	HYXF	PSH	Difference
Sharpe ratio Return per unit of total volatility	0.70	1.68	-0.98
Sortino ratio Return per unit of downside risk	1.06	2.54	-1.48
Omega ratio Gain probability vs. loss probability	1.22	1.40	-0.18
Calmar ratio Return relative to maximum drawdown	1.39	2.34	-0.95
Martin ratio Return relative to average drawdown	3.58	10.93	-7.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYXF vs. PSH - Sharpe Ratio Comparison

The current HYXF Sharpe Ratio is 0.70, which is lower than the PSH Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of HYXF and PSH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HYXF	PSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	1.68	-0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	2.20	-1.60

Correlation

The correlation between HYXF and PSH is 0.73, 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.

Dividends

HYXF vs. PSH - Dividend Comparison

HYXF's dividend yield for the trailing twelve months is around 6.26%, less than PSH's 6.98% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HYXF iShares ESG Advanced High Yield Corporate Bond ETF	6.26%	6.19%	6.40%	5.93%	5.37%	4.56%	4.96%	5.29%	6.14%	5.85%	3.16%
PSH PGIM Short Duration High Yield ETF	6.98%	6.62%	8.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HYXF vs. PSH - Drawdown Comparison

The maximum HYXF drawdown since its inception was -18.75%, which is greater than PSH's maximum drawdown of -3.06%. Use the drawdown chart below to compare losses from any high point for HYXF and PSH.

Drawdown Indicators

	HYXF	PSH	Difference
Max Drawdown Largest peak-to-trough decline	-18.75%	-3.06%	-15.69%
Max Drawdown (1Y) Largest decline over 1 year	-4.81%	-2.84%	-1.97%
Max Drawdown (5Y) Largest decline over 5 years	-16.00%	—	—
Current Drawdown Current decline from peak	-1.26%	0.00%	-1.26%
Average Drawdown Average peak-to-trough decline	-2.62%	-0.27%	-2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	0.61%	+1.26%

Volatility

HYXF vs. PSH - Volatility Comparison

iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) has a higher volatility of 2.23% compared to PGIM Short Duration High Yield ETF (PSH) at 1.59%. This indicates that HYXF's price experiences larger fluctuations and is considered to be riskier than PSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYXF	PSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.23%	1.59%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	2.90%	2.00%	+0.90%
Volatility (1Y) Calculated over the trailing 1-year period	9.00%	3.94%	+5.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.03%	3.30%	+4.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.38%	3.30%	+5.08%