LDUR vs. USHY
Compare and contrast key facts about PIMCO Enhanced Low Duration Active ETF (LDUR) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
LDUR and USHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LDUR is an actively managed fund by PIMCO. It was launched on Jan 22, 2014. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LDUR or USHY.
Key characteristics
| LDUR | USHY | |
|---|---|---|
| YTD Return | 4.23% | 8.90% |
| 1Y Return | 7.26% | 14.82% |
| 3Y Return (Ann) | 1.58% | 3.19% |
| 5Y Return (Ann) | 1.94% | 4.47% |
| Sharpe Ratio | 3.36 | 3.46 |
| Sortino Ratio | 5.54 | 5.57 |
| Omega Ratio | 1.77 | 1.71 |
| Calmar Ratio | 2.66 | 2.92 |
| Martin Ratio | 30.97 | 27.25 |
| Ulcer Index | 0.23% | 0.56% |
| Daily Std Dev | 2.14% | 4.42% |
| Max Drawdown | -8.68% | -22.44% |
| Current Drawdown | -0.50% | -0.03% |
Correlation
The correlation between LDUR and USHY is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
LDUR vs. USHY - Performance Comparison
In the year-to-date period, LDUR achieves a 4.23% return, which is significantly lower than USHY's 8.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LDUR vs. USHY - Expense Ratio Comparison
LDUR has a 0.56% expense ratio, which is higher than USHY's 0.15% expense ratio.
Risk-Adjusted Performance
LDUR vs. USHY - Risk-Adjusted Performance 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.
Dividends
LDUR vs. USHY - Dividend Comparison
LDUR's dividend yield for the trailing twelve months is around 5.50%, less than USHY's 6.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
LDUR PIMCO Enhanced Low Duration Active ETF | 5.50% | 4.87% | 2.22% | 0.90% | 2.15% | 3.14% | 3.36% | 2.08% | 1.85% | 2.92% | 1.66% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.66% | 6.62% | 6.08% | 5.07% | 5.31% | 5.91% | 6.30% | 0.73% | 0.00% | 0.00% | 0.00% |
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. For additional features, visit the drawdowns tool.
Volatility
LDUR vs. USHY - Volatility Comparison
The current volatility for PIMCO Enhanced Low Duration Active ETF (LDUR) is 0.56%, 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.