PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SHYG vs. FSYD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SHYG vs. FSYD

Last updated Jun 4, 2026

SHYG (iShares 0-5 Year High Yield Corporate Bond ETF) and FSYD (Fidelity Sustainable High Yield ETF) are both High Yield Bonds funds. SHYG is passively managed, while FSYD is actively managed. Over the past 3 years, SHYG returned 8.12%/yr vs 9.54%/yr for FSYD. With a 0.95 correlation, they move nearly in lockstep. SHYG charges 0.30%/yr vs 0.55%/yr for FSYD.

Performance

SHYG vs. FSYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) and Fidelity Sustainable High Yield ETF (FSYD). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SHYG achieves a 1.44% return, which is significantly lower than FSYD's 3.35% return.

SHYG

1D
-0.24%
1M
0.35%
YTD
1.44%
6M
1.95%
1Y
6.50%
3Y*
8.12%
5Y*
4.83%
10Y*
5.18%

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)

SHYG vs. FSYD - Yearly Performance Comparison

2026 (YTD)2025202420232022
SHYG
iShares 0-5 Year High Yield Corporate Bond ETF		1.44%7.94%8.17%10.38%-2.37%
FSYD
Fidelity Sustainable High Yield ETF		3.35%9.09%8.74%12.22%-6.59%

Correlation

The correlation between SHYG and FSYD is 0.89, 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

0.89

Correlation (3Y)
Calculated over the trailing 3-year period

0.93

Correlation (All Time)
Calculated using the full available price history since Feb 18, 2022

0.95

The correlation between SHYG and FSYD has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.

SHYG vs. FSYD - Sectors Allocation Comparison

Sectors
SHYG
FSYD

Utilities

99.3%

-

Real Estate

0.7%

-

Basic Materials

-

-

Communication Services

-

0.0%

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

34.4%

Financial Services

-

-

Healthcare

-

94.6%

Industrials

-

-

Technology

-

5.4%

Utilities

SHYG
99.3%
FSYD

-

Real Estate

SHYG
0.7%
FSYD

-

Basic Materials

SHYG

-

FSYD

-

Communication Services

SHYG

-

FSYD
0.0%

Consumer Cyclical

SHYG

-

FSYD

-

Consumer Defensive

SHYG

-

FSYD

-

Energy

SHYG

-

FSYD
34.4%

Financial Services

SHYG

-

FSYD

-

Healthcare

SHYG

-

FSYD
94.6%

Industrials

SHYG

-

FSYD

-

Technology

SHYG

-

FSYD
5.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares 0-5 Year High Yield Corporate Bond ETF

Fidelity Sustainable High Yield ETF

Often compared with SHYG:
SHYG vs. HYGSHYG vs. SJNKSHYG vs. SPHYSHYG vs. SHYSHYG vs. SHYLSHYG vs. LQDSHYG vs. HYDB
Often compared with FSYD:
FSYD vs. FDHYFSYD vs. FLDRFSYD vs. SHYFSYD vs. HYBLFSYD vs. SRLNFSYD vs. FFRHXFSYD vs. BSJP

Return for Risk

SHYG vs. FSYD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SHYG
SHYG Risk / Return Rank: 7070
Overall Rank
SHYG Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
SHYG Sortino Ratio Rank: 6868
Sortino Ratio Rank
SHYG Omega Ratio Rank: 6767
Omega Ratio Rank
SHYG Calmar Ratio Rank: 7474
Calmar Ratio Rank
SHYG Martin Ratio Rank: 8080
Martin Ratio Rank
FSYD
FSYD Risk / Return Rank: 7979
Overall Rank
FSYD Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
FSYD Sortino Ratio Rank: 8383
Sortino Ratio Rank
FSYD Omega Ratio Rank: 8282
Omega Ratio Rank
FSYD Calmar Ratio Rank: 7676
Calmar Ratio Rank
FSYD Martin Ratio Rank: 7878
Martin Ratio Rank
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.

SHYG vs. FSYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) 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.

SHYGFSYDDifference
Sharpe ratioReturn per unit of total volatility
2.07
2.49

-0.42

Sortino ratioReturn per unit of downside risk
3.17
3.79

-0.63

Omega ratioGain probability vs. loss probability

1.41

1.50

-0.09

Calmar ratioReturn relative to maximum drawdown

3.73

3.83

-0.10

Martin ratioReturn relative to average drawdown

16.23

15.34

+0.90

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHYG vs. FSYD - Sharpe Ratio Comparison

The current SHYG Sharpe Ratio is 2.07, which is comparable to the FSYD Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of SHYG 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.

Loading charts...

Sharpe Ratios by Period

SHYGFSYDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.07

2.49

-0.42

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.85

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

0.77

-0.04

Drawdowns

SHYG vs. FSYD - Drawdown Comparison

The maximum SHYG drawdown since its inception was -19.26%, which is greater than FSYD's maximum drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for SHYG and FSYD.

Loading charts...

Drawdown Indicators

SHYGFSYDDifference

Max Drawdown

Largest peak-to-trough decline

-19.26%

-12.11%

-7.15%

Max Drawdown (1Y)

Largest decline over 1 year

-1.75%

-2.67%

+0.92%

Max Drawdown (3Y)

Largest decline over 3 years

-4.53%

-5.49%

+0.96%

Max Drawdown (5Y)

Largest decline over 5 years

-9.39%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-19.26%

—

—

Current Drawdown

Current decline from peak

-0.24%

-0.27%

+0.03%

Average Drawdown

Average peak-to-trough decline

-1.44%

-2.40%

+0.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.40%

0.67%

-0.27%

Volatility

SHYG vs. FSYD - Volatility Comparison

The current volatility for iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) is 0.94%, while Fidelity Sustainable High Yield ETF (FSYD) has a volatility of 1.12%. This indicates that SHYG experiences smaller price fluctuations and is considered to be less risky than FSYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SHYGFSYDDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.94%

1.12%

-0.18%

Volatility (6M)

Calculated over the trailing 6-month period

2.51%

3.13%

-0.62%

Volatility (1Y)

Calculated over the trailing 1-year period

3.16%

4.12%

-0.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.73%

7.85%

-2.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.42%

7.85%

-1.43%

SHYG vs. FSYD - Expense Ratio Comparison

SHYG has a 0.30% expense ratio, which is lower than FSYD's 0.55% expense ratio.

Dividends

SHYG vs. FSYD - Dividend Comparison

SHYG's dividend yield for the trailing twelve months is around 7.02%, more than FSYD's 6.32% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
SHYG
iShares 0-5 Year High Yield Corporate Bond ETF		7.02%7.03%6.93%6.54%5.57%4.83%5.07%5.33%5.90%5.49%5.53%5.17%

Frequently Asked Questions

SHYG and FSYD have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FSYD has higher volatility (1.12%) compared to SHYG (0.94%). In terms of maximum drawdown, SHYG dropped -19.26% vs FSYD's -12.11%.

On 3-year performance, FSYD leads with 9.54% vs 8.12% for SHYG. On fees, SHYG is cheaper at 0.30% per year. On volatility, SHYG has been the lower-risk option at 0.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, FSYD has performed better with a 9.54% return vs 8.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SHYG is cheaper with a 0.30% expense ratio, compared with 0.55% for FSYD.

SHYG has the higher dividend yield at 7.02%, compared with 6.32% for FSYD.

They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.30% for SHYG and 0.55% for FSYD.

FSYD currently has the higher Sharpe Ratio (2.49 vs 2.07), 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.

Portfolio Optimizer

Find the right allocation for SHYG and FSYD

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer