LDUR vs. USHY
LDUR (PIMCO Enhanced Low Duration Active ETF) and USHY (iShares Broad USD High Yield Corporate Bond ETF) are both exchange-traded funds - LDUR is a Short-Term Bond fund actively managed by PIMCO, while USHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Constrained Index. LDUR is actively managed, while USHY is passively managed. Over the past 5 years, LDUR returned 2.31%/yr vs 4.15%/yr for USHY. At a 0.20 correlation, their price movements are largely independent. LDUR charges 0.54%/yr vs 0.15%/yr for USHY.
Performance
LDUR vs. USHY - Performance Comparison
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Returns By Period
In the year-to-date period, LDUR achieves a 1.11% return, which is significantly lower than USHY's 1.70% return.
LDUR
- 1D
- 0.12%
- 1M
- 0.33%
- YTD
- 1.11%
- 6M
- 1.29%
- 1Y
- 4.15%
- 3Y*
- 5.20%
- 5Y*
- 2.31%
- 10Y*
- 2.46%
USHY
- 1D
- -0.08%
- 1M
- 0.48%
- YTD
- 1.70%
- 6M
- 1.87%
- 1Y
- 6.34%
- 3Y*
- 9.18%
- 5Y*
- 4.15%
- 10Y*
- —
LDUR vs. USHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LDUR PIMCO Enhanced Low Duration Active ETF | 1.11% | 5.76% | 5.14% | 4.78% | -4.23% | -0.55% | 4.49% | 4.27% | 1.05% | -0.07% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 1.70% | 8.81% | 8.45% | 12.73% | -11.18% | 5.02% | 6.17% | 14.24% | -2.41% | 0.16% |
Correlation
The correlation between LDUR and USHY is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.20 |
Over the past year, LDUR and USHY have become more correlated (0.40) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
LDUR vs. USHY — Risk / Return Rank
LDUR
USHY
LDUR vs. USHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Low Duration Active ETF (LDUR) 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.
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.
| LDUR | USHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.33 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.47 | 2.62 | +1.85 |
| Martin ratioReturn relative to average drawdown | 21.51 | 11.73 | +9.78 |
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Drawdowns
LDUR vs. USHY - Drawdown Comparison
The maximum LDUR drawdown since its inception was -8.68%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for LDUR and USHY.
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Drawdown Indicators
| LDUR | USHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.68% | -22.44% | +13.76% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | -2.43% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -1.17% | -4.66% | +3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -6.75% | -15.56% | +8.81% |
Max Drawdown (10Y)Largest decline over 10 years | -8.68% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.19% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -2.65% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 0.54% | -0.35% |
Volatility
LDUR vs. USHY - Volatility Comparison
The current volatility for PIMCO Enhanced Low Duration Active ETF (LDUR) is 0.46%, while iShares Broad USD High Yield Corporate Bond ETF (USHY) has a volatility of 0.95%. This indicates that LDUR experiences smaller price fluctuations and is considered to be less risky than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDUR | USHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 0.95% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 1.13% | 2.96% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.55% | 3.68% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.04% | 7.35% | -5.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.77% | 8.23% | -5.46% |
LDUR vs. USHY - Expense Ratio Comparison
LDUR has a 0.54% expense ratio, which is higher than USHY's 0.15% expense ratio.
Dividends
LDUR vs. USHY - Dividend Comparison
LDUR's dividend yield for the trailing twelve months is around 4.34%, less than USHY's 6.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDUR PIMCO Enhanced Low Duration Active ETF | 4.34% | 4.60% | 4.77% | 4.11% | 2.22% | 0.90% | 2.15% | 3.14% | 2.66% | 2.08% | 1.85% | 2.92% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.90% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% | 0.00% | 0.00% |
Frequently Asked Questions
LDUR and USHY have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USHY has higher volatility (0.95%) compared to LDUR (0.46%). In terms of maximum drawdown, LDUR dropped -8.68% vs USHY's -22.44%.
On 5-year performance, USHY leads with 4.15% vs 2.31% for LDUR. On fees, USHY is cheaper at 0.15% per year. On volatility, LDUR has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USHY has performed better with a 4.15% return vs 2.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USHY is cheaper with a 0.15% expense ratio, compared with 0.54% for LDUR.
USHY has the higher dividend yield at 6.90%, compared with 4.34% for LDUR.
LDUR is categorized as Short-Term Bond, while USHY is High Yield Bonds. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.54% for LDUR and 0.15% for USHY.
LDUR currently has the higher Sharpe Ratio (2.70 vs 1.73), 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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