SMSI vs. USHY
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 Index. Over the past 5 years, SMSI returned -57.93%/yr vs 4.15%/yr for USHY. At a 0.28 correlation, their price movements are largely independent.
Performance
SMSI vs. USHY - Performance Comparison
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Returns By Period
In the year-to-date period, SMSI achieves a 5.15% return, which is significantly higher than USHY's 1.70% return.
SMSI
- 1D
- -6.58%
- 1M
- -29.04%
- YTD
- 5.15%
- 6M
- 5.81%
- 1Y
- -35.10%
- 3Y*
- -60.01%
- 5Y*
- -57.93%
- 10Y*
- -29.82%
USHY
- 1D
- -0.08%
- 1M
- 0.48%
- YTD
- 1.70%
- 6M
- 1.87%
- 1Y
- 6.34%
- 3Y*
- 9.18%
- 5Y*
- 4.15%
- 10Y*
- —
SMSI vs. USHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMSI Smith Micro Software, Inc. | 5.15% | -58.76% | -80.18% | -60.67% | -57.32% | -9.23% | 36.18% | 121.11% | -36.62% | 82.05% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 1.70% | 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 | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.28 |
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Return for Risk
SMSI vs. USHY — Risk / Return Rank
SMSI
USHY
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.
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.
| SMSI | USHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.33 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 2.62 | -3.19 |
| Martin ratioReturn relative to average drawdown | -0.90 | 11.73 | -12.63 |
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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.
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Drawdown Indicators
| SMSI | USHY | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -99.93% | -0.19% | -99.74% |
Average DrawdownAverage peak-to-trough decline | -85.07% | -2.65% | -82.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.02% | 0.54% | +38.48% |
Volatility
SMSI vs. USHY - Volatility Comparison
Smith Micro Software, Inc. (SMSI) has a higher volatility of 56.14% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 0.95%. 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.
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Volatility by Period
| SMSI | USHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 56.14% | 0.95% | +55.19% |
Volatility (6M)Calculated over the trailing 6-month period | 73.57% | 2.96% | +70.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.91% | 3.68% | +84.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.15% | 7.35% | +92.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.65% | 8.23% | +81.42% |
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 6.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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 | 6.90% | 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 (56.14%) compared to USHY (0.95%). In terms of maximum drawdown, SMSI dropped -99.95% vs USHY's -22.44%.
USHY currently has the higher Sharpe Ratio (1.73 vs -0.40), 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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