THY vs. HYS

Last updated Jun 4, 2026

THY (Agility Shares Dynamic Tactical Income ETF) and HYS (PIMCO 0-5 Year High Yield Corporate Bond Index ETF) are both High Yield Bonds funds. THY is actively managed, while HYS is passively managed. Over the past 5 years, THY returned 1.71%/yr vs 5.08%/yr for HYS. A 0.66 correlation means they provide meaningful diversification when combined. THY charges 1.36%/yr vs 0.56%/yr for HYS.

Performance

THY vs. HYS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Agility Shares Dynamic Tactical Income ETF (THY) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, THY achieves a 0.45% return, which is significantly lower than HYS's 1.33% return.

THY

• 1D: -0.26%
• 1M: -0.43%
• YTD: 0.45%
• 6M: 0.64%
• 1Y: 4.31%
• 3Y*: 5.21%
• 5Y*: 1.71%
• 10Y*: —

HYS

• 1D: -0.09%
• 1M: 0.47%
• YTD: 1.33%
• 6M: 1.83%
• 1Y: 7.07%
• 3Y*: 8.58%
• 5Y*: 5.08%
• 10Y*: 5.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

THY vs. HYS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
THY Agility Shares Dynamic Tactical Income ETF	0.45%	4.44%	5.38%	4.97%	-5.62%	-0.46%	4.04%
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF	1.33%	8.80%	8.42%	11.38%	-5.42%	4.77%	9.99%

Correlation

The correlation between THY and HYS is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jun 26, 2020	0.66

The correlation between THY and HYS has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.

THY vs. HYS - Sectors Allocation Comparison

Sectors	THY	HYS
Financial Services	99.9%	-
Energy	0.1%	-
Basic Materials	-	-
Communication Services	-	100.0%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

THY vs. HYS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

THY

THY Risk / Return Rank: 44
THY Sharpe Ratio Rank: 41
THY Sortino Ratio Rank: 43
THY Omega Ratio Rank: 41
THY Calmar Ratio Rank: 55
THY Martin Ratio Rank: 41

HYS

HYS Risk / Return Rank: 68
HYS Sharpe Ratio Rank: 59
HYS Sortino Ratio Rank: 68
HYS Omega Ratio Rank: 63
HYS Calmar Ratio Rank: 74
HYS Martin Ratio Rank: 78

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.

THY vs. HYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Agility Shares Dynamic Tactical Income ETF (THY) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS). 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.

	THY	HYS	Difference
Sharpe ratio Return per unit of total volatility	1.46	2.04	-0.58
Sortino ratio Return per unit of downside risk	2.18	3.17	-0.99
Omega ratio Gain probability vs. loss probability	1.27	1.39	-0.12
Calmar ratio Return relative to maximum drawdown	2.70	3.77	-1.07
Martin ratio Return relative to average drawdown	6.56	15.35	-8.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

THY vs. HYS - Sharpe Ratio Comparison

The current THY Sharpe Ratio is 1.46, which is comparable to the HYS Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of THY and HYS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	THY	HYS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	2.04	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.82	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.81	-0.33

Drawdowns

THY vs. HYS - Drawdown Comparison

The maximum THY drawdown since its inception was -8.56%, smaller than the maximum HYS drawdown of -20.91%. Use the drawdown chart below to compare losses from any high point for THY and HYS.

Drawdown Indicators

	THY	HYS	Difference
Max Drawdown Largest peak-to-trough decline	-8.56%	-20.91%	+12.35%
Max Drawdown (1Y) Largest decline over 1 year	-1.60%	-1.88%	+0.28%
Max Drawdown (3Y) Largest decline over 3 years	-2.74%	-4.98%	+2.24%
Max Drawdown (5Y) Largest decline over 5 years	-8.56%	-10.61%	+2.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.91%	—
Current Drawdown Current decline from peak	-0.83%	-0.14%	-0.69%
Average Drawdown Average peak-to-trough decline	-2.61%	-1.53%	-1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	0.46%	+0.20%

Volatility

THY vs. HYS - Volatility Comparison

The current volatility for Agility Shares Dynamic Tactical Income ETF (THY) is 0.93%, while PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) has a volatility of 1.23%. This indicates that THY experiences smaller price fluctuations and is considered to be less risky than HYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THY	HYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	1.23%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	1.87%	2.74%	-0.87%
Volatility (1Y) Calculated over the trailing 1-year period	2.97%	3.47%	-0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.55%	6.26%	-1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.48%	6.84%	-2.36%

THY vs. HYS - Expense Ratio Comparison

THY has a 1.36% expense ratio, which is higher than HYS's 0.56% expense ratio.

Dividends

THY vs. HYS - Dividend Comparison

THY's dividend yield for the trailing twelve months is around 5.40%, less than HYS's 7.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF	7.36%	7.20%	7.43%	6.44%	5.01%	3.74%	4.52%	4.98%	4.64%	5.01%	5.13%	5.22%
THY Agility Shares Dynamic Tactical Income ETF	5.40%	6.00%	5.09%	4.59%	2.56%	3.46%	2.53%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both THY and HYS in my portfolio?

THY and HYS have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THY or HYS?

HYS has higher volatility (1.23%) compared to THY (0.93%). In terms of maximum drawdown, THY dropped -8.56% vs HYS's -20.91%.

Which ETF is better, THY or HYS?

On 5-year performance, HYS leads with 5.08% vs 1.71% for THY. On fees, HYS is cheaper at 0.56% per year. On volatility, THY has been the lower-risk option at 0.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, THY or HYS?

Over the 5-year period, HYS has performed better with a 5.08% return vs 1.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, THY or HYS?

HYS is cheaper with a 0.56% expense ratio, compared with 1.36% for THY.

Which ETF pays a higher dividend yield, THY or HYS?

HYS has the higher dividend yield at 7.36%, compared with 5.40% for THY.

What is the main difference between THY and HYS?

They also come from different issuers: Toews Corp. and PIMCO. Their fees differ too: 1.36% for THY and 0.56% for HYS.

Which has better risk-adjusted returns?

HYS currently has the higher Sharpe Ratio (2.04 vs 1.46), 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.