PY vs. YLD
Compare and contrast key facts about Principal Value ETF (PY) and Principal Active High Yield ETF (YLD).
PY and YLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PY is an actively managed fund by Principal. It was launched on Mar 21, 2016. YLD is an actively managed fund by Principal. It was launched on Jul 9, 2015.
Performance
PY vs. YLD - Performance Comparison
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PY vs. YLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PY Principal Value ETF | -1.34% | 7.74% | 16.79% | 9.11% | -5.10% | 34.83% | 2.71% | 26.87% | -13.34% | 18.87% |
YLD Principal Active High Yield ETF | 0.96% | 6.55% | 9.19% | 12.93% | -8.78% | 9.17% | 1.50% | 13.58% | -3.30% | 9.12% |
Returns By Period
In the year-to-date period, PY achieves a -1.34% return, which is significantly lower than YLD's 0.96% return. Over the past 10 years, PY has outperformed YLD with an annualized return of 10.38%, while YLD has yielded a comparatively lower 5.97% annualized return.
PY
- 1D
- 1.59%
- 1M
- -4.13%
- YTD
- -1.34%
- 6M
- -0.79%
- 1Y
- 7.25%
- 3Y*
- 11.03%
- 5Y*
- 7.67%
- 10Y*
- 10.38%
YLD
- 1D
- 1.17%
- 1M
- -0.31%
- YTD
- 0.96%
- 6M
- 1.18%
- 1Y
- 6.99%
- 3Y*
- 8.54%
- 5Y*
- 4.95%
- 10Y*
- 5.97%
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PY vs. YLD - Expense Ratio Comparison
PY has a 0.15% expense ratio, which is lower than YLD's 0.39% expense ratio.
Return for Risk
PY vs. YLD — Risk / Return Rank
PY
YLD
PY vs. YLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Value ETF (PY) and Principal Active High Yield ETF (YLD). 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.
| PY | YLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 1.08 | -0.66 |
Sortino ratioReturn per unit of downside risk | 0.71 | 1.60 | -0.89 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.56 | -0.92 |
Martin ratioReturn relative to average drawdown | 2.77 | 8.21 | -5.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PY | YLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 1.08 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.78 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.73 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.63 | -0.12 |
Correlation
The correlation between PY and YLD is 0.39, 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.
Dividends
PY vs. YLD - Dividend Comparison
PY's dividend yield for the trailing twelve months is around 2.17%, less than YLD's 7.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PY Principal Value ETF | 2.17% | 2.14% | 2.22% | 2.68% | 3.02% | 2.83% | 2.95% | 2.25% | 2.34% | 1.68% | 1.85% | 0.00% |
YLD Principal Active High Yield ETF | 7.30% | 7.33% | 7.12% | 6.46% | 6.51% | 3.92% | 4.40% | 4.81% | 5.42% | 6.28% | 4.47% | 2.56% |
Drawdowns
PY vs. YLD - Drawdown Comparison
The maximum PY drawdown since its inception was -45.44%, which is greater than YLD's maximum drawdown of -28.34%. Use the drawdown chart below to compare losses from any high point for PY and YLD.
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Drawdown Indicators
| PY | YLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.44% | -28.34% | -17.10% |
Max Drawdown (1Y)Largest decline over 1 year | -13.27% | -4.42% | -8.85% |
Max Drawdown (5Y)Largest decline over 5 years | -17.84% | -13.89% | -3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -45.44% | -28.34% | -17.10% |
Current DrawdownCurrent decline from peak | -4.54% | -0.77% | -3.77% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -2.74% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 0.84% | +2.24% |
Volatility
PY vs. YLD - Volatility Comparison
Principal Value ETF (PY) has a higher volatility of 3.54% compared to Principal Active High Yield ETF (YLD) at 2.39%. This indicates that PY's price experiences larger fluctuations and is considered to be riskier than YLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PY | YLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 2.39% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 3.40% | +4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 6.50% | +10.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 6.38% | +9.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.10% | 8.26% | +11.84% |