SCYB vs. PFXF
Compare and contrast key facts about Schwab High Yield Bond ETF (SCYB) and VanEck Vectors Preferred Securities ex Financials ETF (PFXF).
SCYB and PFXF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCYB is a passively managed fund by Charles Schwab that tracks the performance of the ICE BofA US Cash Pay High Yield Constrained Index. It was launched on Jul 10, 2023. PFXF is a passively managed fund by VanEck that tracks the performance of the Wells Fargo Hybrid and Preferred Securities ex Financials Index. It was launched on Jul 16, 2012. Both SCYB and PFXF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCYB or PFXF.
Key characteristics
| SCYB | PFXF | |
|---|---|---|
| YTD Return | 10.64% | 10.61% |
| 1Y Return | 16.51% | 16.13% |
| Sharpe Ratio | 3.81 | 2.14 |
| Sortino Ratio | 6.21 | 3.06 |
| Omega Ratio | 1.78 | 1.39 |
| Calmar Ratio | 8.50 | 1.30 |
| Martin Ratio | 33.36 | 11.38 |
| Ulcer Index | 0.53% | 1.64% |
| Daily Std Dev | 4.64% | 8.69% |
| Max Drawdown | -3.57% | -35.49% |
| Current Drawdown | -0.49% | -1.55% |
Correlation
The correlation between SCYB and PFXF is 0.67, 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.
Performance
SCYB vs. PFXF - Performance Comparison
The year-to-date returns for both stocks are quite close, with SCYB having a 10.64% return and PFXF slightly lower at 10.61%. 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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SCYB vs. PFXF - Expense Ratio Comparison
SCYB has a 0.03% expense ratio, which is lower than PFXF's 0.41% expense ratio.
Risk-Adjusted Performance
SCYB vs. PFXF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab High Yield Bond ETF (SCYB) and VanEck Vectors Preferred Securities ex Financials ETF (PFXF). 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
SCYB vs. PFXF - Dividend Comparison
SCYB's dividend yield for the trailing twelve months is around 10.18%, more than PFXF's 6.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCYB Schwab High Yield Bond ETF | 10.18% | 3.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFXF VanEck Vectors Preferred Securities ex Financials ETF | 6.88% | 7.89% | 6.74% | 4.67% | 5.19% | 5.35% | 6.57% | 5.93% | 5.81% | 5.98% | 5.92% | 6.50% |
Drawdowns
SCYB vs. PFXF - Drawdown Comparison
The maximum SCYB drawdown since its inception was -3.57%, smaller than the maximum PFXF drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for SCYB and PFXF. For additional features, visit the drawdowns tool.
Volatility
SCYB vs. PFXF - Volatility Comparison
The current volatility for Schwab High Yield Bond ETF (SCYB) is 1.21%, while VanEck Vectors Preferred Securities ex Financials ETF (PFXF) has a volatility of 3.13%. This indicates that SCYB experiences smaller price fluctuations and is considered to be less risky than PFXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.