USHY vs. VTHRX

Last updated Jun 13, 2026

USHY (iShares Broad USD High Yield Corporate Bond ETF) and VTHRX (Vanguard Target Retirement 2030 Fund) are both funds - USHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Constrained Index, while VTHRX is a Target Retirement Date fund managed by Vanguard. Over the past 5 years, USHY returned 4.21%/yr vs 6.55%/yr for VTHRX. A 0.76 correlation means they provide meaningful diversification when combined. USHY charges 0.15%/yr vs 0.08%/yr for VTHRX.

Performance

USHY vs. VTHRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Broad USD High Yield Corporate Bond ETF (USHY) and Vanguard Target Retirement 2030 Fund (VTHRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USHY achieves a 1.75% return, which is significantly lower than VTHRX's 6.52% return.

USHY

• 1D: 0.03%
• 1M: 0.59%
• YTD: 1.75%
• 6M: 2.37%
• 1Y: 6.90%
• 3Y*: 8.94%
• 5Y*: 4.21%
• 10Y*: —

VTHRX

• 1D: 1.60%
• 1M: 0.22%
• YTD: 6.52%
• 6M: 7.17%
• 1Y: 16.51%
• 3Y*: 13.65%
• 5Y*: 6.55%
• 10Y*: 8.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

USHY vs. VTHRX - 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%
VTHRX Vanguard Target Retirement 2030 Fund	6.52%	16.25%	10.43%	16.24%	-16.28%	11.37%	14.11%	21.08%	-5.85%	1.29%

Correlation

The correlation between USHY and VTHRX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017	0.76

The correlation between USHY and VTHRX has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

USHY vs. VTHRX - Sectors Allocation Comparison

Sectors	USHY	VTHRX
Energy	99.2%	4.3%
Real Estate	0.8%	2.5%
Basic Materials	-	4.2%
Communication Services	-	8.0%
Consumer Cyclical	-	9.4%
Consumer Defensive	-	4.8%
Financial Services	-	16.0%
Healthcare	-	8.3%
Industrials	-	12.3%
Technology	-	27.4%
Utilities	-	2.7%

Return for Risk

USHY vs. VTHRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USHY

USHY Risk / Return Rank: 71
USHY Sharpe Ratio Rank: 66
USHY Sortino Ratio Rank: 73
USHY Omega Ratio Rank: 71
USHY Calmar Ratio Rank: 65
USHY Martin Ratio Rank: 77

VTHRX

VTHRX Risk / Return Rank: 73
VTHRX Sharpe Ratio Rank: 73
VTHRX Sortino Ratio Rank: 73
VTHRX Omega Ratio Rank: 73
VTHRX Calmar Ratio Rank: 69
VTHRX Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USHY vs. VTHRX - 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 Vanguard Target Retirement 2030 Fund (VTHRX). 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	VTHRX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.00	-0.12
Sortino ratio: Return per unit of downside risk	2.83	2.82	+0.01
Omega ratio: Gain probability vs. loss probability	1.36	1.38	-0.01
Calmar ratio: Return relative to maximum drawdown	2.85	2.60	+0.26
Martin ratio: Return relative to average drawdown	12.77	11.15	+1.62

USHY vs. VTHRX - Sharpe Ratio Comparison

The current USHY Sharpe Ratio is 1.88, which is comparable to the VTHRX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of USHY and VTHRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USHY vs. VTHRX - Drawdown Comparison

The maximum USHY drawdown since its inception was -22.44%, smaller than the maximum VTHRX drawdown of -49.57%. Use the drawdown chart below to compare losses from any high point for USHY and VTHRX.

Drawdown Indicators

	USHY	VTHRX	Difference
Max Drawdown Largest peak-to-trough decline	-22.44%	-49.57%	+27.13%
Max Drawdown (1Y) Largest decline over 1 year	-2.43%	-6.56%	+4.13%
Max Drawdown (3Y) Largest decline over 3 years	-4.66%	-9.64%	+4.98%
Max Drawdown (5Y) Largest decline over 5 years	-15.56%	-22.75%	+7.19%
Max Drawdown (10Y) Largest decline over 10 years	—	-24.86%	—
Current Drawdown Current decline from peak	0.00%	-1.42%	+1.42%
Average Drawdown Average peak-to-trough decline	-2.66%	-6.18%	+3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	1.53%	-0.99%

Volatility

USHY vs. VTHRX - Volatility Comparison

The current volatility for iShares Broad USD High Yield Corporate Bond ETF (USHY) is 1.20%, while Vanguard Target Retirement 2030 Fund (VTHRX) has a volatility of 3.52%. This indicates that USHY experiences smaller price fluctuations and is considered to be less risky than VTHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USHY	VTHRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	3.52%	-2.32%
Volatility (6M) Calculated over the trailing 6-month period	2.96%	7.09%	-4.13%
Volatility (1Y) Calculated over the trailing 1-year period	3.69%	8.53%	-4.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.35%	10.43%	-3.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.24%	11.28%	-3.04%

USHY vs. VTHRX - Expense Ratio Comparison

USHY has a 0.15% expense ratio, which is higher than VTHRX's 0.08% 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%.

Dividends

USHY vs. VTHRX - Dividend Comparison

USHY's dividend yield for the trailing twelve months is around 6.90%, more than VTHRX's 3.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VTHRX Vanguard Target Retirement 2030 Fund	3.78%	4.03%	3.63%	2.59%	2.53%	17.56%	2.56%	2.38%	2.71%	0.06%	2.38%	3.72%

Frequently Asked Questions

Can I hold both USHY and VTHRX in my portfolio?

USHY and VTHRX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USHY or VTHRX?

VTHRX has higher volatility (3.52%) compared to USHY (1.20%). In terms of maximum drawdown, USHY dropped -22.44% vs VTHRX's -49.57%.

Which has better risk-adjusted returns?

VTHRX currently has the higher Sharpe Ratio (2.00 vs 1.88), 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.