USHY.MI vs. RAAX
Compare and contrast key facts about Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI) and VanEck Inflation Allocation ETF (RAAX).
USHY.MI and RAAX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USHY.MI is a passively managed fund by Amundi that tracks the performance of the Bloomberg MSCI US Corporate High Yield SRI Sustainable index. It was launched on Feb 19, 2024. RAAX is an actively managed fund by VanEck. It was launched on Apr 9, 2018.
Performance
USHY.MI vs. RAAX - Performance Comparison
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USHY.MI vs. RAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 1.09% | -4.75% | 14.46% | 7.63% | -7.29% | 11.41% | -4.63% | 15.22% | 4.62% |
RAAX VanEck Inflation Allocation ETF | 19.21% | 11.70% | 19.92% | 3.51% | 7.81% | 30.65% | -15.83% | 8.54% | 5.17% |
Different Trading Currencies
USHY.MI is traded in EUR, while RAAX is traded in USD. To make them comparable, the RAAX 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 1.09% return, which is significantly lower than RAAX's 19.21% return.
USHY.MI
- 1D
- -0.25%
- 1M
- -0.05%
- YTD
- 1.09%
- 6M
- 1.16%
- 1Y
- -1.18%
- 3Y*
- 5.26%
- 5Y*
- 3.18%
- 10Y*
- —
RAAX
- 1D
- 0.63%
- 1M
- -1.26%
- YTD
- 19.21%
- 6M
- 23.21%
- 1Y
- 28.38%
- 3Y*
- 18.04%
- 5Y*
- 15.35%
- 10Y*
- —
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USHY.MI vs. RAAX - Expense Ratio Comparison
USHY.MI has a 0.25% expense ratio, which is lower than RAAX's 0.78% expense ratio.
Return for Risk
USHY.MI vs. RAAX — Risk / Return Rank
USHY.MI
RAAX
USHY.MI vs. RAAX - 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 VanEck Inflation Allocation ETF (RAAX). 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.
| USHY.MI | RAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.17 | 1.67 | -1.84 |
Sortino ratioReturn per unit of downside risk | -0.16 | 2.20 | -2.36 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.33 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | -0.32 | 2.30 | -2.62 |
Martin ratioReturn relative to average drawdown | -0.60 | 8.02 | -8.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USHY.MI | RAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.17 | 1.67 | -1.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 1.03 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.68 | -0.36 |
Correlation
The correlation between USHY.MI and RAAX is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
USHY.MI vs. RAAX - Dividend Comparison
USHY.MI's dividend yield for the trailing twelve months is around 4.98%, more than RAAX's 1.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 4.98% | 5.03% | 3.29% | 5.61% | 5.95% | 5.86% | 6.17% | 5.53% | 4.73% | 3.61% |
RAAX VanEck Inflation Allocation ETF | 1.99% | 2.34% | 1.91% | 3.66% | 1.53% | 8.72% | 6.27% | 2.37% | 0.56% | 0.00% |
Drawdowns
USHY.MI vs. RAAX - Drawdown Comparison
The maximum USHY.MI drawdown since its inception was -22.33%, smaller than the maximum RAAX drawdown of -34.49%. Use the drawdown chart below to compare losses from any high point for USHY.MI and RAAX.
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Drawdown Indicators
| USHY.MI | RAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.33% | -33.91% | +11.58% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -11.59% | +4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -11.75% | -23.55% | +11.80% |
Current DrawdownCurrent decline from peak | -5.80% | -2.29% | -3.51% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -6.89% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.31% | 2.29% | +4.02% |
Volatility
USHY.MI vs. RAAX - Volatility Comparison
The current volatility for Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI) is 1.81%, while VanEck Inflation Allocation ETF (RAAX) has a volatility of 4.91%. This indicates that USHY.MI experiences smaller price fluctuations and is considered to be less risky than RAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USHY.MI | RAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 4.91% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.80% | 11.73% | -6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.27% | 17.03% | -7.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 14.98% | -6.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.12% | 15.70% | -5.58% |