LDUR vs. HYS
LDUR (PIMCO Enhanced Low Duration Active ETF) and HYS (PIMCO 0-5 Year High Yield Corporate Bond Index ETF) are both exchange-traded funds - LDUR is a Short-Term Bond fund actively managed by PIMCO, while HYS is a High Yield Bonds fund tracking the ICE BofA US High Yield Constrained (0-5 Y). LDUR is actively managed, while HYS is passively managed. Over the past 10 years, LDUR returned 2.43%/yr vs 5.35%/yr for HYS. At a 0.12 correlation, their price movements are largely independent. LDUR charges 0.54%/yr vs 0.56%/yr for HYS.
Performance
LDUR vs. HYS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LDUR achieves a 0.91% return, which is significantly lower than HYS's 1.33% return. Over the past 10 years, LDUR has underperformed HYS with an annualized return of 2.43%, while HYS has yielded a comparatively higher 5.35% annualized return.
LDUR
- 1D
- -0.02%
- 1M
- 0.15%
- YTD
- 0.91%
- 6M
- 1.29%
- 1Y
- 4.37%
- 3Y*
- 5.11%
- 5Y*
- 2.23%
- 10Y*
- 2.43%
HYS
- 1D
- -0.09%
- 1M
- 0.47%
- YTD
- 1.33%
- 6M
- 1.83%
- 1Y
- 7.07%
- 3Y*
- 8.58%
- 5Y*
- 5.08%
- 10Y*
- 5.35%
LDUR vs. HYS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LDUR PIMCO Enhanced Low Duration Active ETF | 0.91% | 5.76% | 5.14% | 4.78% | -4.23% | -0.55% | 4.49% | 4.27% | 1.05% | 2.06% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 1.33% | 8.80% | 8.42% | 11.38% | -5.42% | 4.77% | 3.27% | 10.22% | -1.05% | 5.75% |
Correlation
The correlation between LDUR and HYS is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2014 | 0.12 |
Over the past year, LDUR and HYS have become more correlated (0.36) than their long-term average of 0.12, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LDUR vs. HYS — Risk / Return Rank
LDUR
HYS
LDUR vs. HYS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Low Duration Active ETF (LDUR) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS). 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.
| LDUR | HYS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.39 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.70 | 3.77 | +0.94 |
| Martin ratioReturn relative to average drawdown | 22.64 | 15.35 | +7.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| LDUR | HYS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.83 | 2.04 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 0.82 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.78 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.81 | +0.05 |
Drawdowns
LDUR vs. HYS - Drawdown Comparison
The maximum LDUR drawdown since its inception was -8.68%, smaller than the maximum HYS drawdown of -20.91%. Use the drawdown chart below to compare losses from any high point for LDUR and HYS.
Loading charts...
Drawdown Indicators
| LDUR | HYS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.68% | -20.91% | +12.23% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | -1.88% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -1.17% | -4.98% | +3.81% |
Max Drawdown (5Y)Largest decline over 5 years | -6.75% | -10.61% | +3.86% |
Max Drawdown (10Y)Largest decline over 10 years | -8.68% | -20.91% | +12.23% |
Current DrawdownCurrent decline from peak | -0.04% | -0.14% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -1.53% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 0.46% | -0.27% |
Volatility
LDUR vs. HYS - Volatility Comparison
The current volatility for PIMCO Enhanced Low Duration Active ETF (LDUR) is 0.44%, while PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) has a volatility of 1.23%. This indicates that LDUR experiences smaller price fluctuations and is considered to be less risky than HYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LDUR | HYS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 1.23% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 1.08% | 2.74% | -1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.55% | 3.47% | -1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.03% | 6.26% | -4.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.77% | 6.84% | -4.07% |
LDUR vs. HYS - Expense Ratio Comparison
LDUR has a 0.54% expense ratio, which is lower than HYS's 0.56% expense ratio.
Dividends
LDUR vs. HYS - Dividend Comparison
LDUR's dividend yield for the trailing twelve months is around 4.35%, less than HYS's 7.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 7.36% | 7.20% | 7.43% | 6.44% | 5.01% | 3.74% | 4.52% | 4.98% | 4.64% | 5.01% | 5.13% | 5.22% |
LDUR PIMCO Enhanced Low Duration Active ETF | 4.35% | 4.60% | 4.77% | 4.11% | 2.22% | 0.90% | 2.15% | 3.14% | 2.66% | 2.08% | 1.85% | 2.92% |
Frequently Asked Questions
LDUR and HYS have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYS has higher volatility (1.23%) compared to LDUR (0.44%). In terms of maximum drawdown, LDUR dropped -8.68% vs HYS's -20.91%.
On 10-year performance, HYS leads with 5.35% vs 2.43% for LDUR. On fees, LDUR is cheaper at 0.54% per year. On volatility, LDUR has been the lower-risk option at 0.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, HYS has performed better with a 5.35% return vs 2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LDUR is cheaper with a 0.54% expense ratio, compared with 0.56% for HYS.
HYS has the higher dividend yield at 7.36%, compared with 4.35% for LDUR.
LDUR is categorized as Short-Term Bond, while HYS is High Yield Bonds. Their fees differ too: 0.54% for LDUR and 0.56% for HYS.
LDUR currently has the higher Sharpe Ratio (2.83 vs 2.04), 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.
Find the right allocation for LDUR and HYS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer