SHYPX vs. USHY
SHYPX (American Beacon SiM High Yld Opps Fund) and USHY (iShares Broad USD High Yield Corporate Bond ETF) are both High Yield Bonds funds. Over the past 5 years, SHYPX returned 5.20%/yr vs 4.21%/yr for USHY. A 0.53 correlation means they provide meaningful diversification when combined. SHYPX charges 1.10%/yr vs 0.15%/yr for USHY.
Performance
SHYPX vs. USHY - Performance Comparison
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Returns By Period
In the year-to-date period, SHYPX achieves a 1.91% return, which is significantly higher than USHY's 1.78% return.
SHYPX
- 1D
- 0.11%
- 1M
- 0.35%
- YTD
- 1.91%
- 6M
- 2.48%
- 1Y
- 9.05%
- 3Y*
- 9.58%
- 5Y*
- 5.20%
- 10Y*
- 6.28%
USHY
- 1D
- -0.05%
- 1M
- 0.57%
- YTD
- 1.78%
- 6M
- 2.04%
- 1Y
- 6.67%
- 3Y*
- 9.21%
- 5Y*
- 4.21%
- 10Y*
- —
SHYPX vs. USHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHYPX American Beacon SiM High Yld Opps Fund | 1.91% | 9.15% | 9.62% | 13.26% | -8.39% | 8.34% | 6.08% | 12.05% | -1.46% | 1.50% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 1.78% | 8.81% | 8.45% | 12.73% | -11.18% | 5.02% | 6.17% | 14.24% | -2.41% | 0.16% |
Correlation
The correlation between SHYPX and USHY is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.53 |
The correlation between SHYPX and USHY has been stable across timeframes, ranging from 0.53 to 0.62 - a consistent structural relationship.
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Return for Risk
SHYPX vs. USHY — Risk / Return Rank
SHYPX
USHY
SHYPX vs. USHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon SiM High Yld Opps Fund (SHYPX) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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.
| SHYPX | USHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +3.17 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.35 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 4.78 | 2.76 | +2.03 |
| Martin ratioReturn relative to average drawdown | 23.68 | 12.34 | +11.34 |
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Drawdowns
SHYPX vs. USHY - Drawdown Comparison
The maximum SHYPX drawdown since its inception was -24.85%, which is greater than USHY's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for SHYPX and USHY.
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Drawdown Indicators
| SHYPX | USHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.85% | -22.44% | -2.41% |
Max Drawdown (1Y)Largest decline over 1 year | -1.90% | -2.43% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -4.66% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -12.50% | -15.56% | +3.06% |
Max Drawdown (10Y)Largest decline over 10 years | -24.85% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.11% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -1.88% | -2.65% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.54% | -0.16% |
Volatility
SHYPX vs. USHY - Volatility Comparison
The current volatility for American Beacon SiM High Yld Opps Fund (SHYPX) is 0.86%, while iShares Broad USD High Yield Corporate Bond ETF (USHY) has a volatility of 0.94%. This indicates that SHYPX experiences smaller price fluctuations and is considered to be less risky than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHYPX | USHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.94% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 2.97% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.76% | 3.68% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.33% | 7.35% | -3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.11% | 8.23% | -3.12% |
SHYPX vs. USHY - Expense Ratio Comparison
SHYPX has a 1.10% expense ratio, which is higher than USHY's 0.15% expense ratio.
Dividends
SHYPX vs. USHY - Dividend Comparison
SHYPX's dividend yield for the trailing twelve months is around 5.94%, less than USHY's 6.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYPX American Beacon SiM High Yld Opps Fund | 5.94% | 6.63% | 6.50% | 7.39% | 4.10% | 5.09% | 6.05% | 5.91% | 6.09% | 5.52% | 6.38% | 4.95% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.90% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% | 0.00% | 0.00% |
Frequently Asked Questions
SHYPX and USHY have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USHY has higher volatility (0.94%) compared to SHYPX (0.86%). In terms of maximum drawdown, SHYPX dropped -24.85% vs USHY's -22.44%.
SHYPX currently has the higher Sharpe Ratio (3.30 vs 1.82), 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.
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