USCL vs. HYLD

Last updated Aug 2, 2026

USCL (iShares Climate Conscious & Transition MSCI USA ETF) and HYLD (High Yield ETF) are both exchange-traded funds - USCL is a Large Cap Blend Equities fund tracking the MSCI USA Extended Climate Action Index, while HYLD is a High Yield Bonds fund actively managed by Exchange Traded Concepts. USCL is passively managed, while HYLD is actively managed. Their 0.11 correlation means their historical movements had little consistent relationship. USCL charges 0.08%/yr vs 1.29%/yr for HYLD.

Performance

USCL vs. HYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Climate Conscious & Transition MSCI USA ETF (USCL) and High Yield ETF (HYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USCL

• 1D: 1.06%
• 1M: 0.92%
• 6M: 6.47%
• YTD: 6.48%
• 1Y: 14.82%
• 3Y*: 17.50%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.30%

HYLD

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
USCL iShares Climate Conscious & Transition MSCI USA ETF	$6.10K	$67.08K	$1.69M

USCL vs. HYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USCL iShares Climate Conscious & Transition MSCI USA ETF	6.48%	14.26%	27.04%	12.71%
HYLD High Yield ETF	0.00%	0.00%	0.00%	0.74%

Correlation

The correlation between USCL and HYLD is 0.11, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.01
Correlation (All Time) Calculated using the full available price history since Jun 8, 2023	0.11

The correlation between USCL and HYLD shifts across timeframes, from 0.01 (3 years) to 0.11 (all time), reflecting how their relationship changes across market environments.

Return for Risk

USCL vs. HYLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

USCL

USCL Risk / Return Rank: 39
USCL Sharpe Ratio Rank: 40
USCL Sortino Ratio Rank: 38
USCL Omega Ratio Rank: 38
USCL Calmar Ratio Rank: 36
USCL Martin Ratio Rank: 42

HYLD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

USCL vs. HYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Climate Conscious & Transition MSCI USA ETF (USCL) and High Yield ETF (HYLD). 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.

	USCL	HYLD	Difference
Sharpe ratio: Return per unit of total volatility	0.99	—	—
Sortino ratio: Return per unit of downside risk	1.42	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.26	—	—
Martin ratio: Return relative to average drawdown	4.65	—	—

Drawdowns

Drawdown Indicators

	USCL	HYLD	Difference
Max Drawdown Largest peak-to-trough decline	-19.00%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.00%	—	—
Current Drawdown Current decline from peak	-1.37%	—	—
Average Drawdown Average peak-to-trough decline	-2.27%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	—	—

Volatility

Volatility by Period

	USCL	HYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.85%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.85%	—	—

USCL vs. HYLD - Expense Ratio Comparison

USCL has a 0.08% expense ratio, which is lower than HYLD's 1.29% expense ratio.

Dividends

USCL vs. HYLD - Dividend Comparison

USCL's dividend yield for the trailing twelve months is around 1.10%, while HYLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYLD High Yield ETF	0.00%	0.00%	0.00%	4.67%	7.86%	6.45%	7.52%	7.46%	7.97%	7.18%	6.59%	10.87%
USCL iShares Climate Conscious & Transition MSCI USA ETF	1.10%	1.10%	1.18%	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USCL and HYLD in my portfolio?

USCL and HYLD have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USCL or HYLD?

On fees, USCL is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USCL or HYLD?

USCL is cheaper with a 0.08% expense ratio, compared with 1.29% for HYLD.

Which ETF pays a higher dividend yield, USCL or HYLD?

USCL has the higher dividend yield at 1.10%, compared with 0.00% for HYLD.

What is the main difference between USCL and HYLD?

USCL is categorized as Large Cap Blend Equities, while HYLD is High Yield Bonds. They also come from different issuers: iShares and Exchange Traded Concepts. Their fees differ too: 0.08% for USCL and 1.29% for HYLD.