RAFE vs. HYS
Compare and contrast key facts about PIMCO RAFI ESG U.S. ETF (RAFE) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS).
RAFE and HYS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RAFE is a passively managed fund by PIMCO that tracks the performance of the RAFI ESG US Index. It was launched on Dec 18, 2019. HYS is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US High Yield Constrained (0-5 Y). It was launched on Jun 16, 2011. Both RAFE and HYS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
RAFE vs. HYS - Performance Comparison
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RAFE vs. HYS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RAFE PIMCO RAFI ESG U.S. ETF | -0.90% | 17.60% | 13.81% | 18.80% | -13.76% | 30.16% | 5.29% | 0.55% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | -0.39% | 8.80% | 8.42% | 11.38% | -5.42% | 4.77% | 3.27% | 0.18% |
Returns By Period
In the year-to-date period, RAFE achieves a -0.90% return, which is significantly lower than HYS's -0.39% return.
RAFE
- 1D
- 2.17%
- 1M
- -4.75%
- YTD
- -0.90%
- 6M
- 3.09%
- 1Y
- 16.61%
- 3Y*
- 15.03%
- 5Y*
- 9.22%
- 10Y*
- —
HYS
- 1D
- 0.70%
- 1M
- -0.57%
- YTD
- -0.39%
- 6M
- 1.22%
- 1Y
- 7.13%
- 3Y*
- 8.21%
- 5Y*
- 4.94%
- 10Y*
- 5.62%
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RAFE vs. HYS - Expense Ratio Comparison
RAFE has a 0.30% expense ratio, which is lower than HYS's 0.56% expense ratio.
Return for Risk
RAFE vs. HYS — Risk / Return Rank
RAFE
HYS
RAFE vs. HYS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAFI ESG U.S. ETF (RAFE) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS). 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.
| RAFE | HYS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.33 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.93 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.78 | -0.27 |
Martin ratioReturn relative to average drawdown | 6.68 | 9.95 | -3.27 |
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
| RAFE | HYS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.33 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.80 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.80 | -0.26 |
Correlation
The correlation between RAFE and HYS is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
RAFE vs. HYS - Dividend Comparison
RAFE's dividend yield for the trailing twelve months is around 1.68%, less than HYS's 7.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAFE PIMCO RAFI ESG U.S. ETF | 1.68% | 1.67% | 1.79% | 1.81% | 2.22% | 1.42% | 2.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 7.40% | 7.20% | 7.43% | 6.44% | 5.01% | 3.74% | 4.52% | 4.98% | 4.64% | 5.01% | 5.13% | 5.22% |
Drawdowns
RAFE vs. HYS - Drawdown Comparison
The maximum RAFE drawdown since its inception was -35.74%, which is greater than HYS's maximum drawdown of -20.91%. Use the drawdown chart below to compare losses from any high point for RAFE and HYS.
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Drawdown Indicators
| RAFE | HYS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.74% | -20.91% | -14.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.57% | -4.06% | -7.51% |
Max Drawdown (5Y)Largest decline over 5 years | -24.28% | -10.61% | -13.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.91% | — |
Current DrawdownCurrent decline from peak | -5.45% | -1.02% | -4.43% |
Average DrawdownAverage peak-to-trough decline | -6.37% | -1.55% | -4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 0.73% | +1.90% |
Volatility
RAFE vs. HYS - Volatility Comparison
PIMCO RAFI ESG U.S. ETF (RAFE) has a higher volatility of 4.53% compared to PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) at 1.88%. This indicates that RAFE's price experiences larger fluctuations and is considered to be riskier than HYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAFE | HYS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 1.88% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 8.69% | 2.52% | +6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 5.38% | +10.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.09% | 6.22% | +8.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 6.85% | +12.76% |