SHECY vs. FDHY

Last updated Jun 24, 2026

SHECY (Shin-Etsu Chemical Co Ltd ADR) is a stock, while FDHY (Fidelity High Yield Factor ETF) is High Yield Bonds fund actively managed by Fidelity. Over the past 5 years, SHECY returned 6.59%/yr vs 3.89%/yr for FDHY. At a 0.35 correlation, their price movements are largely independent.

Performance

SHECY vs. FDHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shin-Etsu Chemical Co Ltd ADR (SHECY) and Fidelity High Yield Factor ETF (FDHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHECY achieves a 44.71% return, which is significantly higher than FDHY's 2.43% return.

SHECY

• 1D: -1.49%
• 1M: 1.45%
• YTD: 44.71%
• 6M: 43.14%
• 1Y: 49.23%
• 3Y*: 12.24%
• 5Y*: 6.59%
• 10Y*: 15.03%

FDHY

• 1D: -0.02%
• 1M: 0.59%
• YTD: 2.43%
• 6M: 2.90%
• 1Y: 7.74%
• 3Y*: 9.11%
• 5Y*: 3.89%
• 10Y*: —

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

SHECY vs. FDHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SHECY Shin-Etsu Chemical Co Ltd ADR	44.71%	-4.97%	-20.30%	71.18%	-29.73%	-1.27%	59.93%	43.23%	-22.61%
FDHY Fidelity High Yield Factor ETF	2.43%	9.24%	7.53%	11.14%	-11.30%	4.33%	10.71%	16.87%	-2.35%

Correlation

The correlation between SHECY and FDHY is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018	0.35

Return for Risk

SHECY vs. FDHY — Risk / Return Rank

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

SHECY

SHECY Risk / Return Rank: 77
SHECY Sharpe Ratio Rank: 80
SHECY Sortino Ratio Rank: 75
SHECY Omega Ratio Rank: 74
SHECY Calmar Ratio Rank: 79
SHECY Martin Ratio Rank: 80

FDHY

FDHY Risk / Return Rank: 77
FDHY Sharpe Ratio Rank: 71
FDHY Sortino Ratio Rank: 79
FDHY Omega Ratio Rank: 79
FDHY Calmar Ratio Rank: 75
FDHY Martin Ratio Rank: 81

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.

SHECY vs. FDHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shin-Etsu Chemical Co Ltd ADR (SHECY) and Fidelity High Yield Factor ETF (FDHY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SHECY	FDHY	Difference
Sharpe ratio: Return per unit of total volatility	1.39	2.18	-0.79
Sortino ratio: Return per unit of downside risk	1.92	3.33	-1.42
Omega ratio: Gain probability vs. loss probability	1.24	1.44	-0.20
Calmar ratio: Return relative to maximum drawdown	2.28	3.66	-1.38
Martin ratio: Return relative to average drawdown	5.93	15.38	-9.45

SHECY vs. FDHY - Sharpe Ratio Comparison

The current SHECY Sharpe Ratio is 1.39, which is lower than the FDHY Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of SHECY and FDHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SHECY vs. FDHY - Drawdown Comparison

The maximum SHECY drawdown since its inception was -82.68%, which is greater than FDHY's maximum drawdown of -20.01%. Use the drawdown chart below to compare losses from any high point for SHECY and FDHY.

Drawdown Indicators

	SHECY	FDHY	Difference
Max Drawdown Largest peak-to-trough decline	-82.68%	-20.01%	-62.67%
Max Drawdown (1Y) Largest decline over 1 year	-21.74%	-2.12%	-19.62%
Max Drawdown (3Y) Largest decline over 3 years	-44.01%	-5.26%	-38.75%
Max Drawdown (5Y) Largest decline over 5 years	-49.23%	-16.38%	-32.85%
Max Drawdown (10Y) Largest decline over 10 years	-49.23%	—	—
Current Drawdown Current decline from peak	-9.60%	-0.20%	-9.40%
Average Drawdown Average peak-to-trough decline	-50.10%	-2.86%	-47.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.33%	0.50%	+7.83%

Volatility

SHECY vs. FDHY - Volatility Comparison

Shin-Etsu Chemical Co Ltd ADR (SHECY) has a higher volatility of 15.15% compared to Fidelity High Yield Factor ETF (FDHY) at 0.82%. This indicates that SHECY's price experiences larger fluctuations and is considered to be riskier than FDHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHECY	FDHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.15%	0.82%	+14.33%
Volatility (6M) Calculated over the trailing 6-month period	28.28%	2.78%	+25.50%
Volatility (1Y) Calculated over the trailing 1-year period	35.69%	3.57%	+32.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.16%	7.14%	+24.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.09%	8.02%	+22.07%

Dividends

SHECY vs. FDHY - Dividend Comparison

SHECY has not paid dividends to shareholders, while FDHY's dividend yield for the trailing twelve months is around 6.51%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FDHY Fidelity High Yield Factor ETF	6.51%	6.56%	6.58%	6.26%	5.34%	6.09%	5.78%	4.94%	2.55%	0.00%	0.00%
SHECY Shin-Etsu Chemical Co Ltd ADR	0.00%	1.18%	1.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.39%

Frequently Asked Questions

Can I hold both SHECY and FDHY in my portfolio?

SHECY and FDHY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHECY or FDHY?

SHECY has higher volatility (15.15%) compared to FDHY (0.82%). In terms of maximum drawdown, SHECY dropped -82.68% vs FDHY's -20.01%.

Which has better risk-adjusted returns?

FDHY currently has the higher Sharpe Ratio (2.18 vs 1.39), 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.