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USHY vs. WMT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USHY vs. WMT

Last updated Jun 13, 2026

USHY (iShares Broad USD High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the ICE BofA US High Yield Constrained Index, while WMT (Walmart Inc.) is a stock. Over the past 5 years, USHY returned 4.21%/yr vs 22.42%/yr for WMT. At a 0.23 correlation, their price movements are largely independent.

Performance

USHY vs. WMT - 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 Walmart Inc. (WMT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, USHY achieves a 1.75% return, which is significantly lower than WMT's 9.07% return.

USHY

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

WMT

1D
0.45%
1M
-7.93%
YTD
9.07%
6M
4.13%
1Y
28.71%
3Y*
34.18%
5Y*
22.42%
10Y*
19.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USHY vs. WMT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
WMT
Walmart Inc.		9.07%24.49%73.99%12.88%-0.46%1.97%23.32%30.16%-3.43%12.18%

Correlation

The correlation between USHY and WMT is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.04

Correlation (3Y)
Calculated over the trailing 3-year period

0.17

Correlation (5Y)
Calculated over the trailing 5-year period

0.22

Correlation (All Time)
Calculated using the full available price history since Oct 26, 2017

0.23

The correlation between USHY and WMT shifts across timeframes, from 0.04 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.

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iShares Broad USD High Yield Corporate Bond ETF

Walmart Inc.

Often compared with USHY:
USHY vs. HYGUSHY vs. SPHYUSHY vs. HYSUSHY vs. JNKUSHY vs. BKLNUSHY vs. HYLBUSHY vs. SPY
Often compared with WMT:
WMT vs. COSTWMT vs. TGTWMT vs. VOOWMT vs. KRWMT vs. XLPWMT vs. SCHDWMT vs. ABBV

Return for Risk

USHY vs. WMT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USHY
USHY Risk / Return Rank: 7171
Overall Rank
USHY Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
USHY Sortino Ratio Rank: 7373
Sortino Ratio Rank
USHY Omega Ratio Rank: 7171
Omega Ratio Rank
USHY Calmar Ratio Rank: 6565
Calmar Ratio Rank
USHY Martin Ratio Rank: 7777
Martin Ratio Rank
WMT
WMT Risk / Return Rank: 7676
Overall Rank
WMT Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
WMT Sortino Ratio Rank: 7373
Sortino Ratio Rank
WMT Omega Ratio Rank: 7474
Omega Ratio Rank
WMT Calmar Ratio Rank: 7575
Calmar Ratio Rank
WMT Martin Ratio Rank: 8080
Martin Ratio Rank
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. WMT - 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 Walmart Inc. (WMT). 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.

USHYWMTDifference
Sharpe ratioReturn per unit of total volatility
1.88
1.22

+0.66

Sortino ratioReturn per unit of downside risk
2.83
1.79

+1.03

Omega ratioGain probability vs. loss probability

1.36

1.23

+0.13

Calmar ratioReturn relative to maximum drawdown

2.85

1.83

+1.02

Martin ratioReturn relative to average drawdown

12.77

5.82

+6.95

USHY vs. WMT - Sharpe Ratio Comparison

The current USHY Sharpe Ratio is 1.88, which is higher than the WMT Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of USHY and WMT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

USHY vs. WMT - Drawdown Comparison

The maximum USHY drawdown since its inception was -22.44%, smaller than the maximum WMT drawdown of -77.14%. Use the drawdown chart below to compare losses from any high point for USHY and WMT.

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Drawdown Indicators

USHYWMTDifference

Max Drawdown

Largest peak-to-trough decline

-22.44%

-77.14%

+54.70%

Max Drawdown (1Y)

Largest decline over 1 year

-2.43%

-15.75%

+13.32%

Max Drawdown (3Y)

Largest decline over 3 years

-4.66%

-21.93%

+17.27%

Max Drawdown (5Y)

Largest decline over 5 years

-15.56%

-25.74%

+10.18%

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.74%

—

Current Drawdown

Current decline from peak

0.00%

-9.81%

+9.81%

Average Drawdown

Average peak-to-trough decline

-2.66%

-14.63%

+11.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.54%

4.94%

-4.40%

Volatility

USHY vs. WMT - Volatility Comparison

The current volatility for iShares Broad USD High Yield Corporate Bond ETF (USHY) is 1.20%, while Walmart Inc. (WMT) has a volatility of 9.86%. This indicates that USHY experiences smaller price fluctuations and is considered to be less risky than WMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

USHYWMTDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.20%

9.86%

-8.66%

Volatility (6M)

Calculated over the trailing 6-month period

2.96%

18.49%

-15.53%

Volatility (1Y)

Calculated over the trailing 1-year period

3.69%

23.67%

-19.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.35%

21.68%

-14.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.24%

21.73%

-13.49%

Dividends

USHY vs. WMT - Dividend Comparison

USHY's dividend yield for the trailing twelve months is around 6.90%, more than WMT's 0.80% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
WMT
Walmart Inc.		0.80%0.84%0.92%1.45%1.58%1.52%1.50%1.78%2.23%2.07%2.89%3.20%

Frequently Asked Questions

USHY and WMT have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WMT has higher volatility (9.86%) compared to USHY (1.20%). In terms of maximum drawdown, USHY dropped -22.44% vs WMT's -77.14%.

USHY currently has the higher Sharpe Ratio (1.88 vs 1.22), 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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