IHY vs. FSYD
IHY (VanEck Vectors International High Yield Bond ETF) and FSYD (Fidelity Sustainable High Yield ETF) are both High Yield Bonds funds. IHY is passively managed, while FSYD is actively managed. Over the past 3 years, IHY returned 8.49%/yr vs 9.70%/yr for FSYD. A 0.68 correlation means they provide meaningful diversification when combined. IHY charges 0.40%/yr vs 0.55%/yr for FSYD.
Performance
IHY vs. FSYD - Performance Comparison
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Returns By Period
In the year-to-date period, IHY achieves a 0.61% return, which is significantly lower than FSYD's 3.38% return.
IHY
- 1D
- -0.05%
- 1M
- -0.04%
- YTD
- 0.61%
- 6M
- 0.55%
- 1Y
- 3.44%
- 3Y*
- 8.49%
- 5Y*
- 1.75%
- 10Y*
- 4.18%
FSYD
- 1D
- -0.02%
- 1M
- 0.45%
- YTD
- 3.38%
- 6M
- 3.32%
- 1Y
- 8.97%
- 3Y*
- 9.70%
- 5Y*
- —
- 10Y*
- —
IHY vs. FSYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IHY VanEck Vectors International High Yield Bond ETF | 0.61% | 13.39% | 3.55% | 12.11% | -10.45% |
FSYD Fidelity Sustainable High Yield ETF | 3.38% | 9.09% | 8.74% | 12.22% | -6.63% |
Correlation
The correlation between IHY and FSYD is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022 | 0.68 |
The correlation between IHY and FSYD has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.
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Return for Risk
IHY vs. FSYD — Risk / Return Rank
IHY
FSYD
IHY vs. FSYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors International High Yield Bond ETF (IHY) and Fidelity Sustainable High Yield ETF (FSYD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IHY | FSYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.44 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 3.37 | -2.64 |
| Martin ratioReturn relative to average drawdown | 2.58 | 13.42 | -10.84 |
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Drawdowns
IHY vs. FSYD - Drawdown Comparison
The maximum IHY drawdown since its inception was -27.63%, which is greater than FSYD's maximum drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for IHY and FSYD.
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Drawdown Indicators
| IHY | FSYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.63% | -12.11% | -15.52% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -2.67% | -2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -4.75% | -5.49% | +0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -26.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.63% | — | — |
Current DrawdownCurrent decline from peak | -1.45% | -0.40% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -2.37% | -2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.67% | +0.67% |
Volatility
IHY vs. FSYD - Volatility Comparison
VanEck Vectors International High Yield Bond ETF (IHY) has a higher volatility of 1.46% compared to Fidelity Sustainable High Yield ETF (FSYD) at 0.98%. This indicates that IHY's price experiences larger fluctuations and is considered to be riskier than FSYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHY | FSYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 0.98% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 3.17% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.41% | 4.11% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.75% | 7.81% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 7.81% | -0.16% |
IHY vs. FSYD - Expense Ratio Comparison
IHY has a 0.40% expense ratio, which is lower than FSYD's 0.55% expense ratio.
Dividends
IHY vs. FSYD - Dividend Comparison
IHY's dividend yield for the trailing twelve months is around 5.71%, less than FSYD's 6.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSYD Fidelity Sustainable High Yield ETF | 6.32% | 6.49% | 6.47% | 6.70% | 5.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IHY VanEck Vectors International High Yield Bond ETF | 5.71% | 5.31% | 5.60% | 5.26% | 4.97% | 4.55% | 4.65% | 4.86% | 4.70% | 4.36% | 5.11% | 5.79% |
Frequently Asked Questions
IHY and FSYD have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IHY has higher volatility (1.46%) compared to FSYD (0.98%). In terms of maximum drawdown, IHY dropped -27.63% vs FSYD's -12.11%.
On 3-year performance, FSYD leads with 9.70% vs 8.49% for IHY. On fees, IHY is cheaper at 0.40% per year. On volatility, FSYD has been the lower-risk option at 0.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FSYD has performed better with a 9.70% return vs 8.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IHY is cheaper with a 0.40% expense ratio, compared with 0.55% for FSYD.
FSYD has the higher dividend yield at 6.32%, compared with 5.71% for IHY.
They also come from different issuers: VanEck and Fidelity. Their fees differ too: 0.40% for IHY and 0.55% for FSYD.
FSYD currently has the higher Sharpe Ratio (2.19 vs 0.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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