USHY.MI vs. LONZ
USHY.MI (Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist) and LONZ (PIMCO Senior Loan Active Exchange-Traded Fund) are both exchange-traded funds - USHY.MI is a High Yield Bonds fund tracking the Bloomberg MSCI US Corporate High Yield SRI Sustainable Index, while LONZ is a Bank Loan fund actively managed by PIMCO. USHY.MI is passively managed, while LONZ is actively managed. Over the past year, USHY.MI returned 8.51% vs 7.58% for LONZ. At a 0.45 correlation, their price movements are largely independent. USHY.MI charges 0.25%/yr vs 0.62%/yr for LONZ.
Performance
USHY.MI vs. LONZ - Performance Comparison
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Different Trading Currencies
USHY.MI is traded in EUR, while LONZ is traded in USD. To make them comparable, the LONZ values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, USHY.MI achieves a 4.99% return, which is significantly lower than LONZ's 5.52% return.
USHY.MI
- 1D
- 0.00%
- 1M
- 1.66%
- 6M
- 3.72%
- YTD
- 4.99%
- 1Y
- 8.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LONZ
- 1D
- 0.26%
- 1M
- 2.18%
- 6M
- 4.27%
- YTD
- 5.52%
- 1Y
- 7.58%
- 3Y*
- 6.98%
- 5Y*
- —
- 10Y*
- —
USHY.MI vs. LONZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 4.99% | -3.98% | 13.31% |
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 5.52% | -7.41% | 13.01% |
Correlation
The correlation between USHY.MI and LONZ is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2024 | 0.45 |
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Return for Risk
USHY.MI vs. LONZ — Risk / Return Rank
USHY.MI
LONZ
USHY.MI vs. LONZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI) and PIMCO Senior Loan Active Exchange-Traded Fund (LONZ). 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.
| USHY.MI | LONZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.22 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.08 | +0.65 |
| Martin ratioReturn relative to average drawdown | 8.87 | 5.61 | +3.26 |
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Drawdowns
USHY.MI vs. LONZ - Drawdown Comparison
The maximum USHY.MI drawdown since its inception was -11.75%, smaller than the maximum LONZ drawdown of -12.58%. Use the drawdown chart below to compare losses from any high point for USHY.MI and LONZ.
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Drawdown Indicators
| USHY.MI | LONZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.75% | -12.58% | +0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -3.67% | +0.52% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.58% | — |
Current DrawdownCurrent decline from peak | -1.37% | -3.38% | +2.01% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -4.23% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.35% | -0.39% |
Volatility
USHY.MI vs. LONZ - Volatility Comparison
Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI) and PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) have volatilities of 1.55% and 1.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USHY.MI | LONZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.50% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 4.41% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 6.30% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 7.82% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 7.82% | -0.65% |
USHY.MI vs. LONZ - Expense Ratio Comparison
USHY.MI has a 0.25% expense ratio, which is lower than LONZ's 0.62% expense ratio.
Dividends
USHY.MI vs. LONZ - Dividend Comparison
USHY.MI's dividend yield for the trailing twelve months is around 5.57%, less than LONZ's 8.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 8.34% | 6.60% | 8.16% | 8.29% | 3.33% |
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 5.57% | 5.85% | 3.47% | 0.00% | 0.00% |
Frequently Asked Questions
USHY.MI and LONZ have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USHY.MI is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USHY.MI is cheaper with a 0.25% expense ratio, compared with 0.62% for LONZ.
USHY.MI is categorized as High Yield Bonds, while LONZ is Bank Loan. They also come from different issuers: Amundi and PIMCO. Their fees differ too: 0.25% for USHY.MI and 0.62% for LONZ.
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