QHY vs. FSYD

Last updated Jun 3, 2026

QHY (WisdomTree U.S. Short-Term Corporate Bond Fund) and FSYD (Fidelity Sustainable High Yield ETF) are both High Yield Bonds funds. QHY is passively managed, while FSYD is actively managed. Over the past 3 years, QHY returned 8.13%/yr vs 9.54%/yr for FSYD. Their correlation of 0.95 suggests significant overlap in exposure. QHY charges 0.38%/yr vs 0.55%/yr for FSYD.

Performance

QHY vs. FSYD - 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 Fidelity Sustainable High Yield ETF (FSYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QHY achieves a 1.54% return, which is significantly lower than FSYD's 3.35% return.

QHY

• 1D: 0.08%
• 1M: 0.33%
• YTD: 1.54%
• 6M: 1.94%
• 1Y: 7.59%
• 3Y*: 8.13%
• 5Y*: 3.29%
• 10Y*: 4.97%

FSYD

• 1D: -0.27%
• 1M: 0.75%
• YTD: 3.35%
• 6M: 3.97%
• 1Y: 10.19%
• 3Y*: 9.54%
• 5Y*: —
• 10Y*: —

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

QHY vs. FSYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QHY WisdomTree U.S. Short-Term Corporate Bond Fund	1.54%	9.61%	5.92%	10.12%	-7.16%
FSYD Fidelity Sustainable High Yield ETF	3.35%	9.09%	8.74%	12.22%	-6.59%

Correlation

The correlation between QHY and FSYD is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022	0.95

The correlation between QHY and FSYD has been stable across timeframes, ranging from 0.85 to 0.95 - a consistent structural relationship.

Return for Risk

QHY vs. FSYD — Risk / Return Rank

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

QHY

QHY Risk / Return Rank: 63
QHY Sharpe Ratio Rank: 61
QHY Sortino Ratio Rank: 67
QHY Omega Ratio Rank: 67
QHY Calmar Ratio Rank: 54
QHY Martin Ratio Rank: 67

FSYD

FSYD Risk / Return Rank: 79
FSYD Sharpe Ratio Rank: 75
FSYD Sortino Ratio Rank: 83
FSYD Omega Ratio Rank: 82
FSYD Calmar Ratio Rank: 76
FSYD Martin Ratio Rank: 78

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. FSYD - 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 Fidelity Sustainable High Yield ETF (FSYD). 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	FSYD	Difference
Sharpe ratio Return per unit of total volatility	2.09	2.49	-0.40
Sortino ratio Return per unit of downside risk	3.17	3.79	-0.63
Omega ratio Gain probability vs. loss probability	1.41	1.50	-0.09
Calmar ratio Return relative to maximum drawdown	2.73	3.83	-1.09
Martin ratio Return relative to average drawdown	12.45	15.34	-2.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QHY vs. FSYD - Sharpe Ratio Comparison

The current QHY Sharpe Ratio is 2.09, which is comparable to the FSYD Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of QHY and FSYD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QHY	FSYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	2.49	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.77	-0.16

Drawdowns

QHY vs. FSYD - Drawdown Comparison

The maximum QHY drawdown since its inception was -22.74%, which is greater than FSYD's maximum drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for QHY and FSYD.

Drawdown Indicators

	QHY	FSYD	Difference
Max Drawdown Largest peak-to-trough decline	-22.74%	-12.11%	-10.63%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	-2.67%	-0.10%
Max Drawdown (3Y) Largest decline over 3 years	-4.58%	-5.49%	+0.91%
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	0.00%	-0.27%	+0.27%
Average Drawdown Average peak-to-trough decline	-2.75%	-2.40%	-0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.61%	0.67%	-0.06%

Volatility

QHY vs. FSYD - Volatility Comparison

WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) and Fidelity Sustainable High Yield ETF (FSYD) have volatilities of 1.12% and 1.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QHY	FSYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.12%	1.12%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	2.87%	3.13%	-0.26%
Volatility (1Y) Calculated over the trailing 1-year period	3.64%	4.12%	-0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.57%	7.85%	-0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.20%	7.85%	+0.35%

QHY vs. FSYD - Expense Ratio Comparison

QHY has a 0.38% expense ratio, which is lower than FSYD's 0.55% expense ratio.

Dividends

QHY vs. FSYD - Dividend Comparison

QHY's dividend yield for the trailing twelve months is around 6.25%, less than FSYD's 6.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FSYD Fidelity Sustainable High Yield ETF	6.32%	6.49%	6.47%	6.70%	5.29%	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

Can I hold both QHY and FSYD in my portfolio?

QHY and FSYD have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QHY or FSYD?

FSYD has higher volatility (1.12%) compared to QHY (1.12%). In terms of maximum drawdown, QHY dropped -22.74% vs FSYD's -12.11%.

Which ETF is better, QHY or FSYD?

On 3-year performance, FSYD leads with 9.54% vs 8.13% for QHY. On fees, QHY is cheaper at 0.38% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QHY or FSYD?

Over the 3-year period, FSYD has performed better with a 9.54% return vs 8.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QHY or FSYD?

QHY is cheaper with a 0.38% expense ratio, compared with 0.55% for FSYD.

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

FSYD has the higher dividend yield at 6.32%, compared with 6.25% for QHY.

What is the main difference between QHY and FSYD?

They also come from different issuers: WisdomTree and Fidelity. Their fees differ too: 0.38% for QHY and 0.55% for FSYD.

Which has better risk-adjusted returns?

FSYD currently has the higher Sharpe Ratio (2.49 vs 2.09), 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.