SIHY vs. FRDM
SIHY (Harbor Scientific Alpha High-Yield ETF) and FRDM (Freedom 100 Emerging Markets ETF) are both exchange-traded funds - SIHY is a High Yield Bonds fund tracking the ICE BofA US High Yield, while FRDM is a Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets Index. Both are passively managed. Over the past 3 years, SIHY returned 9.46%/yr vs 34.29%/yr for FRDM. A 0.55 correlation means they provide meaningful diversification when combined. SIHY charges 0.48%/yr vs 0.49%/yr for FRDM.
Performance
SIHY vs. FRDM - Performance Comparison
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Returns By Period
In the year-to-date period, SIHY achieves a 2.17% return, which is significantly lower than FRDM's 40.13% return.
SIHY
- 1D
- -0.09%
- 1M
- 1.34%
- YTD
- 2.17%
- 6M
- 2.61%
- 1Y
- 8.13%
- 3Y*
- 9.46%
- 5Y*
- —
- 10Y*
- —
FRDM
- 1D
- 0.49%
- 1M
- 9.04%
- YTD
- 40.13%
- 6M
- 46.37%
- 1Y
- 87.32%
- 3Y*
- 34.29%
- 5Y*
- 18.68%
- 10Y*
- —
SIHY vs. FRDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SIHY Harbor Scientific Alpha High-Yield ETF | 2.17% | 8.13% | 8.67% | 13.31% | -7.73% | 0.18% |
FRDM Freedom 100 Emerging Markets ETF | 40.13% | 61.27% | 1.70% | 22.77% | -14.45% | -2.27% |
Correlation
The correlation between SIHY and FRDM is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | 0.55 |
The correlation between SIHY and FRDM has been stable across timeframes, ranging from 0.51 to 0.55 - a consistent structural relationship.
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Return for Risk
SIHY vs. FRDM — Risk / Return Rank
SIHY
FRDM
SIHY vs. FRDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Scientific Alpha High-Yield ETF (SIHY) and Freedom 100 Emerging Markets ETF (FRDM). 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.
| SIHY | FRDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.54 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 5.02 | -2.51 |
| Martin ratioReturn relative to average drawdown | 10.38 | 19.36 | -8.99 |
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Drawdowns
SIHY vs. FRDM - Drawdown Comparison
The maximum SIHY drawdown since its inception was -13.30%, smaller than the maximum FRDM drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for SIHY and FRDM.
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Drawdown Indicators
| SIHY | FRDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.30% | -40.49% | +27.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -16.87% | +13.70% |
Max Drawdown (3Y)Largest decline over 3 years | -5.36% | -16.87% | +11.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.25% | — |
Current DrawdownCurrent decline from peak | -0.09% | -4.36% | +4.27% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -7.09% | +4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 4.37% | -3.61% |
Volatility
SIHY vs. FRDM - Volatility Comparison
The current volatility for Harbor Scientific Alpha High-Yield ETF (SIHY) is 1.19%, while Freedom 100 Emerging Markets ETF (FRDM) has a volatility of 14.27%. This indicates that SIHY experiences smaller price fluctuations and is considered to be less risky than FRDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIHY | FRDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 14.27% | -13.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 24.39% | -21.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 26.86% | -22.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 21.35% | -13.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.56% | 23.09% | -15.53% |
SIHY vs. FRDM - Expense Ratio Comparison
SIHY has a 0.48% expense ratio, which is lower than FRDM's 0.49% expense ratio.
Dividends
SIHY vs. FRDM - Dividend Comparison
SIHY's dividend yield for the trailing twelve months is around 7.23%, more than FRDM's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FRDM Freedom 100 Emerging Markets ETF | 1.56% | 2.26% | 2.53% | 2.66% | 2.72% | 2.17% | 1.11% | 1.07% |
SIHY Harbor Scientific Alpha High-Yield ETF | 7.23% | 7.61% | 7.54% | 7.06% | 6.31% | 1.30% | 0.00% | 0.00% |
Frequently Asked Questions
SIHY and FRDM have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRDM has higher volatility (14.27%) compared to SIHY (1.19%). In terms of maximum drawdown, SIHY dropped -13.30% vs FRDM's -40.49%.
On 3-year performance, FRDM leads with 34.29% vs 9.46% for SIHY. On fees, SIHY is cheaper at 0.48% per year. On volatility, SIHY has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FRDM has performed better with a 34.29% return vs 9.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIHY is cheaper with a 0.48% expense ratio, compared with 0.49% for FRDM.
SIHY has the higher dividend yield at 7.23%, compared with 1.56% for FRDM.
SIHY is categorized as High Yield Bonds, while FRDM is Emerging Markets Diversified. SIHY tracks ICE BofA US High Yield, while FRDM tracks Life + Liberty Freedom 100 Emerging Markets Index. They also come from different issuers: Harbor and Freedom Funds. Their fees differ too: 0.48% for SIHY and 0.49% for FRDM.
FRDM currently has the higher Sharpe Ratio (3.15 vs 1.90), 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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