USHY vs. VCEB
Compare and contrast key facts about iShares Broad USD High Yield Corporate Bond ETF (USHY) and Vanguard ESG U.S. Corporate Bond ETF (VCEB).
USHY and VCEB 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. VCEB is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Barclays MSCI US Corp SRI Select Index. It was launched on Sep 22, 2020. Both USHY and VCEB 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 VCEB.
Key characteristics
| USHY | VCEB | |
|---|---|---|
| YTD Return | 8.20% | 2.51% |
| 1Y Return | 13.20% | 8.28% |
| 3Y Return (Ann) | 3.01% | -1.65% |
| Sharpe Ratio | 3.09 | 1.55 |
| Sortino Ratio | 4.85 | 2.30 |
| Omega Ratio | 1.62 | 1.27 |
| Calmar Ratio | 3.03 | 0.62 |
| Martin Ratio | 23.62 | 6.11 |
| Ulcer Index | 0.57% | 1.49% |
| Daily Std Dev | 4.34% | 5.86% |
| Max Drawdown | -22.44% | -21.61% |
| Current Drawdown | -0.67% | -7.50% |
Correlation
The correlation between USHY and VCEB is 0.60, 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. VCEB - Performance Comparison
In the year-to-date period, USHY achieves a 8.20% return, which is significantly higher than VCEB's 2.51% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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USHY vs. VCEB - Expense Ratio Comparison
USHY has a 0.15% expense ratio, which is higher than VCEB's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
USHY vs. VCEB - 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 Vanguard ESG U.S. Corporate Bond ETF (VCEB). 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.
Dividends
USHY vs. VCEB - Dividend Comparison
USHY's dividend yield for the trailing twelve months is around 6.70%, more than VCEB's 4.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.70% | 6.62% | 6.08% | 5.07% | 5.31% | 5.91% | 6.30% | 0.73% |
VCEB Vanguard ESG U.S. Corporate Bond ETF | 4.36% | 3.70% | 2.82% | 1.69% | 0.43% | 0.00% | 0.00% | 0.00% |
Drawdowns
USHY vs. VCEB - Drawdown Comparison
The maximum USHY drawdown since its inception was -22.44%, roughly equal to the maximum VCEB drawdown of -21.61%. Use the drawdown chart below to compare losses from any high point for USHY and VCEB. For additional features, visit the drawdowns tool.
Volatility
USHY vs. VCEB - Volatility Comparison
The current volatility for iShares Broad USD High Yield Corporate Bond ETF (USHY) is 1.06%, while Vanguard ESG U.S. Corporate Bond ETF (VCEB) has a volatility of 1.85%. This indicates that USHY experiences smaller price fluctuations and is considered to be less risky than VCEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.