USHY vs. SGDM
USHY (iShares Broad USD High Yield Corporate Bond ETF) and SGDM (Sprott Gold Miners ETF) are both exchange-traded funds - USHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Constrained Index, while SGDM is a Gold fund tracking the Solactive Gold Miners Custom Factors Index. Both are passively managed. Over the past 5 years, USHY returned 4.21%/yr vs 17.23%/yr for SGDM. At a 0.21 correlation, their price movements are largely independent. USHY charges 0.15%/yr vs 0.50%/yr for SGDM.
Performance
USHY vs. SGDM - Performance Comparison
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Returns By Period
In the year-to-date period, USHY achieves a 1.75% return, which is significantly higher than SGDM's -4.58% return.
USHY
- 1D
- 0.03%
- 1M
- 0.68%
- YTD
- 1.75%
- 6M
- 2.37%
- 1Y
- 7.19%
- 3Y*
- 8.94%
- 5Y*
- 4.21%
- 10Y*
- —
SGDM
- 1D
- 3.49%
- 1M
- -14.98%
- YTD
- -4.58%
- 6M
- -4.02%
- 1Y
- 43.72%
- 3Y*
- 37.20%
- 5Y*
- 17.23%
- 10Y*
- 11.84%
USHY vs. SGDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USHY iShares Broad USD High Yield Corporate Bond ETF | 1.75% | 8.81% | 8.45% | 12.73% | -11.18% | 5.02% | 6.17% | 14.24% | -2.41% | 0.16% |
SGDM Sprott Gold Miners ETF | -4.58% | 153.46% | 12.14% | 2.34% | -8.23% | -9.15% | 21.85% | 44.27% | -15.14% | 1.98% |
Correlation
The correlation between USHY and SGDM is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.21 |
The correlation between USHY and SGDM shifts across timeframes, from 0.21 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
USHY vs. SGDM — Risk / Return Rank
USHY
SGDM
USHY vs. SGDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond ETF (USHY) and Sprott Gold Miners ETF (SGDM). 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 | SGDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.20 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 1.30 | +1.56 |
| Martin ratioReturn relative to average drawdown | 12.77 | 3.60 | +9.18 |
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Drawdowns
USHY vs. SGDM - Drawdown Comparison
The maximum USHY drawdown since its inception was -22.44%, smaller than the maximum SGDM drawdown of -54.95%. Use the drawdown chart below to compare losses from any high point for USHY and SGDM.
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Drawdown Indicators
| USHY | SGDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.44% | -54.95% | +32.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -35.96% | +33.53% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -35.96% | +31.30% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | -45.06% | +29.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.69% | — |
Current DrawdownCurrent decline from peak | 0.00% | -30.31% | +30.31% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -25.46% | +22.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 12.93% | -12.39% |
Volatility
USHY vs. SGDM - Volatility Comparison
The current volatility for iShares Broad USD High Yield Corporate Bond ETF (USHY) is 1.20%, while Sprott Gold Miners ETF (SGDM) has a volatility of 16.53%. This indicates that USHY experiences smaller price fluctuations and is considered to be less risky than SGDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USHY | SGDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 16.53% | -15.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 38.64% | -35.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 46.24% | -42.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.35% | 36.11% | -28.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.24% | 36.97% | -28.73% |
USHY vs. SGDM - Expense Ratio Comparison
USHY has a 0.15% expense ratio, which is lower than SGDM's 0.50% expense ratio.
Dividends
USHY vs. SGDM - Dividend Comparison
USHY's dividend yield for the trailing twelve months is around 6.90%, more than SGDM's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGDM Sprott Gold Miners ETF | 1.09% | 1.04% | 1.04% | 1.39% | 1.42% | 1.33% | 0.30% | 0.25% | 0.50% | 0.58% | 0.02% | 1.47% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.90% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% | 0.00% | 0.00% |
Frequently Asked Questions
USHY and SGDM have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGDM has higher volatility (16.53%) compared to USHY (1.20%). In terms of maximum drawdown, USHY dropped -22.44% vs SGDM's -54.95%.
On 5-year performance, SGDM leads with 17.23% vs 4.21% for USHY. On fees, USHY is cheaper at 0.15% per year. On volatility, USHY has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SGDM has performed better with a 17.23% return vs 4.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USHY is cheaper with a 0.15% expense ratio, compared with 0.50% for SGDM.
USHY has the higher dividend yield at 6.90%, compared with 1.09% for SGDM.
USHY is categorized as High Yield Bonds, while SGDM is Gold. USHY tracks ICE BofA US High Yield Constrained Index, while SGDM tracks Solactive Gold Miners Custom Factors Index. They also come from different issuers: iShares and Sprott. Their fees differ too: 0.15% for USHY and 0.50% for SGDM.
USHY currently has the higher Sharpe Ratio (1.88 vs 1.01), 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.
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