QHY vs. ESHY

Last updated Jun 5, 2026

QHY (WisdomTree U.S. Short-Term Corporate Bond Fund) and ESHY (Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - QHY tracks the WisdomTree U.S. High Yield Corporate Bond Index while ESHY tracks the JPMorgan ESG DM Corporate High Yield USD Index. Both are passively managed. QHY charges 0.38%/yr vs 0.20%/yr for ESHY.

Performance

QHY vs. ESHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QHY

• 1D: 0.05%
• 1M: 0.46%
• YTD: 1.51%
• 6M: 1.74%
• 1Y: 7.04%
• 3Y*: 8.17%
• 5Y*: 3.22%
• 10Y*: 4.96%

ESHY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QHY vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
QHY WisdomTree U.S. Short-Term Corporate Bond Fund	0.83%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

Return for Risk

QHY vs. ESHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QHY

QHY Risk / Return Rank: 61
QHY Sharpe Ratio Rank: 59
QHY Sortino Ratio Rank: 64
QHY Omega Ratio Rank: 64
QHY Calmar Ratio Rank: 53
QHY Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QHY vs. ESHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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.

	QHY	ESHY	Difference
Sharpe ratio: Return per unit of total volatility	1.95	—	—
Sortino ratio: Return per unit of downside risk	2.95	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	2.55	—	—
Martin ratio: Return relative to average drawdown	11.61	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QHY	ESHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	—	—

Drawdowns

QHY vs. ESHY - Drawdown Comparison

The maximum QHY drawdown since its inception was -22.74%, which is greater than ESHY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for QHY and ESHY.

Drawdown Indicators

	QHY	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	-22.74%	0.00%	-22.74%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.74%	—	—
Current Drawdown Current decline from peak	-0.03%	0.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-2.75%	0.00%	-2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.61%	—	—

Volatility

Volatility by Period

	QHY	ESHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.64%	0.00%	+3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.57%	0.00%	+7.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.20%	0.00%	+8.20%

QHY vs. ESHY - Expense Ratio Comparison

QHY has a 0.38% expense ratio, which is higher than ESHY's 0.20% expense ratio.

Dividends

QHY vs. ESHY - Dividend Comparison

QHY's dividend yield for the trailing twelve months is around 6.25%, while ESHY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QHY WisdomTree U.S. Short-Term Corporate Bond Fund	6.25%	6.26%	6.40%	6.11%	5.44%	4.09%	4.80%	5.21%	5.93%	6.47%	4.39%

Frequently Asked Questions

Which ETF is better, QHY or ESHY?

On fees, ESHY is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QHY or ESHY?

ESHY is cheaper with a 0.20% expense ratio, compared with 0.38% for QHY.

Which ETF pays a higher dividend yield, QHY or ESHY?

QHY has the higher dividend yield at 6.25%, compared with 0.00% for ESHY.

What is the main difference between QHY and ESHY?

QHY tracks WisdomTree U.S. High Yield Corporate Bond Index, while ESHY tracks JPMorgan ESG DM Corporate High Yield USD Index. They also come from different issuers: WisdomTree and Deutsche Bank. Their fees differ too: 0.38% for QHY and 0.20% for ESHY.