PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SMSI vs. USHY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SMSI vs. USHY

Last updated Jun 4, 2026

SMSI (Smith Micro Software, Inc.) is a stock, while USHY (iShares Broad USD High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the ICE BofA US High Yield Constrained. Over the past 5 years, SMSI returned -54.55%/yr vs 4.24%/yr for USHY. At a 0.28 correlation, their price movements are largely independent.

Performance

SMSI vs. USHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Smith Micro Software, Inc. (SMSI) and iShares Broad USD High Yield Corporate Bond ETF (USHY). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SMSI achieves a 49.02% return, which is significantly higher than USHY's 1.42% return.

SMSI

1D
-4.41%
1M
-9.55%
YTD
49.02%
6M
32.25%
1Y
-0.12%
3Y*
-56.41%
5Y*
-54.55%
10Y*
-28.29%

USHY

1D
-0.27%
1M
0.40%
YTD
1.42%
6M
1.77%
1Y
7.02%
3Y*
8.91%
5Y*
4.24%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SMSI vs. USHY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SMSI
Smith Micro Software, Inc.		49.02%-58.76%-80.18%-60.67%-57.32%-9.23%36.18%121.11%-36.62%60.45%
USHY
iShares Broad USD High Yield Corporate Bond ETF		1.42%8.81%8.45%12.73%-11.18%5.02%6.17%14.24%-2.41%0.16%

Correlation

The correlation between SMSI and USHY is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.22

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

0.21

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Oct 27, 2017

0.28

Compare stocks, funds, or ETFs

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

Smith Micro Software, Inc.

iShares Broad USD High Yield Corporate Bond ETF

Often compared with SMSI:
SMSI vs. NVDA
Often compared with USHY:
USHY vs. HYGUSHY vs. SPHYUSHY vs. HYSUSHY vs. JNKUSHY vs. BKLNUSHY vs. HYLBUSHY vs. SPY

Return for Risk

SMSI vs. USHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SMSI
SMSI Risk / Return Rank: 4242
Overall Rank
SMSI Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
SMSI Sortino Ratio Rank: 4444
Sortino Ratio Rank
SMSI Omega Ratio Rank: 4242
Omega Ratio Rank
SMSI Calmar Ratio Rank: 4040
Calmar Ratio Rank
SMSI Martin Ratio Rank: 4040
Martin Ratio Rank
USHY
USHY Risk / Return Rank: 6060
Overall Rank
USHY Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
USHY Sortino Ratio Rank: 6161
Sortino Ratio Rank
USHY Omega Ratio Rank: 6060
Omega Ratio Rank
USHY Calmar Ratio Rank: 5858
Calmar Ratio Rank
USHY Martin Ratio Rank: 6969
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.

SMSI vs. USHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Smith Micro Software, Inc. (SMSI) 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.

SMSIUSHYDifference
Sharpe ratioReturn per unit of total volatility
-0.00
1.93

-1.94

Sortino ratioReturn per unit of downside risk
0.57
2.91

-2.35

Omega ratioGain probability vs. loss probability

1.07

1.37

-0.31

Calmar ratioReturn relative to maximum drawdown

-0.00

2.90

-2.90

Martin ratioReturn relative to average drawdown

-0.00

13.03

-13.03

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

SMSI vs. USHY - Sharpe Ratio Comparison

The current SMSI Sharpe Ratio is -0.00, which is lower than the USHY Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of SMSI and USHY, 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

SMSIUSHYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.00

1.93

-1.94

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.56

0.58

-1.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.32

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.16

0.58

-0.74

Drawdowns

SMSI vs. USHY - Drawdown Comparison

The maximum SMSI drawdown since its inception was -99.95%, which is greater than USHY's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for SMSI and USHY.

Loading charts...

Drawdown Indicators

SMSIUSHYDifference

Max Drawdown

Largest peak-to-trough decline

-99.95%

-22.44%

-77.51%

Max Drawdown (1Y)

Largest decline over 1 year

-61.48%

-2.43%

-59.05%

Max Drawdown (3Y)

Largest decline over 3 years

-96.87%

-4.66%

-92.21%

Max Drawdown (5Y)

Largest decline over 5 years

-99.12%

-15.56%

-83.56%

Max Drawdown (10Y)

Largest decline over 10 years

-99.31%

—

—

Current Drawdown

Current decline from peak

-99.90%

-0.27%

-99.63%

Average Drawdown

Average peak-to-trough decline

-85.05%

-2.67%

-82.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

37.92%

0.54%

+37.38%

Volatility

SMSI vs. USHY - Volatility Comparison

Smith Micro Software, Inc. (SMSI) has a higher volatility of 14.10% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 1.13%. This indicates that SMSI's price experiences larger fluctuations and is considered to be riskier than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SMSIUSHYDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.10%

1.13%

+12.97%

Volatility (6M)

Calculated over the trailing 6-month period

50.79%

2.91%

+47.88%

Volatility (1Y)

Calculated over the trailing 1-year period

75.37%

3.65%

+71.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

97.85%

7.34%

+90.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

88.44%

8.25%

+80.19%

Dividends

SMSI vs. USHY - Dividend Comparison

SMSI has not paid dividends to shareholders, while USHY's dividend yield for the trailing twelve months is around 6.92%.

PositionTTM202520242023202220212020201920182017
SMSI
Smith Micro Software, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
USHY
iShares Broad USD High Yield Corporate Bond ETF		6.92%6.79%6.89%6.63%6.08%5.07%5.30%5.92%6.30%0.73%

Frequently Asked Questions

SMSI and USHY have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SMSI has higher volatility (14.10%) compared to USHY (1.13%). In terms of maximum drawdown, SMSI dropped -99.95% vs USHY's -22.44%.

USHY currently has the higher Sharpe Ratio (1.93 vs -0.00), 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 SMSI and USHY

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