USHY vs. HYS
Compare and contrast key facts about iShares Broad USD High Yield Corporate Bond ETF (USHY) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS).
USHY and HYS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017. HYS is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US High Yield Constrained (0-5 Y). It was launched on Jun 16, 2011. Both USHY and HYS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USHY or HYS.
Correlation
The correlation between USHY and HYS is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
USHY vs. HYS - Performance Comparison
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Key characteristics
USHY:
1.69
HYS:
1.64
USHY:
2.42
HYS:
2.30
USHY:
1.36
HYS:
1.36
USHY:
1.98
HYS:
1.84
USHY:
10.20
HYS:
9.85
USHY:
0.91%
HYS:
0.93%
USHY:
5.65%
HYS:
5.70%
USHY:
-22.44%
HYS:
-20.91%
USHY:
0.00%
HYS:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with USHY having a 2.82% return and HYS slightly lower at 2.68%.
USHY
2.82%
4.19%
2.85%
9.46%
6.62%
N/A
HYS
2.68%
3.94%
3.10%
9.32%
7.75%
4.73%
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USHY vs. HYS - Expense Ratio Comparison
USHY has a 0.15% expense ratio, which is lower than HYS's 0.56% expense ratio.
Risk-Adjusted Performance
USHY vs. HYS — Risk-Adjusted Performance Rank
USHY
HYS
USHY vs. HYS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond ETF (USHY) 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.
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Dividends
USHY vs. HYS - Dividend Comparison
USHY's dividend yield for the trailing twelve months is around 6.76%, less than HYS's 7.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.76% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% | 0.00% | 0.00% | 0.00% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 7.40% | 7.43% | 7.58% | 5.01% | 3.74% | 4.52% | 4.98% | 4.97% | 5.01% | 5.13% | 5.22% | 5.42% |
Drawdowns
USHY vs. HYS - Drawdown Comparison
The maximum USHY drawdown since its inception was -22.44%, which is greater than HYS's maximum drawdown of -20.91%. Use the drawdown chart below to compare losses from any high point for USHY and HYS. For additional features, visit the drawdowns tool.
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Volatility
USHY vs. HYS - Volatility Comparison
iShares Broad USD High Yield Corporate Bond ETF (USHY) has a higher volatility of 1.87% compared to PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) at 1.74%. This indicates that USHY's price experiences larger fluctuations and is considered to be riskier than HYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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