VZ vs. USHY
VZ (Verizon Communications Inc.) is a stock, while USHY (iShares Broad USD High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the ICE BofA US High Yield Constrained Index. Over the past 5 years, VZ returned 1.67%/yr vs 4.16%/yr for USHY. At a 0.21 correlation, their price movements are largely independent.
Performance
VZ vs. USHY - Performance Comparison
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Returns By Period
In the year-to-date period, VZ achieves a 15.21% return, which is significantly higher than USHY's 1.29% return.
VZ
- 1D
- 0.15%
- 1M
- -3.77%
- YTD
- 15.21%
- 6M
- 13.62%
- 1Y
- 10.73%
- 3Y*
- 16.17%
- 5Y*
- 1.67%
- 10Y*
- 3.91%
USHY
- 1D
- 0.08%
- 1M
- -0.14%
- YTD
- 1.29%
- 6M
- 1.85%
- 1Y
- 6.84%
- 3Y*
- 8.79%
- 5Y*
- 4.16%
- 10Y*
- —
VZ vs. USHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VZ Verizon Communications Inc. | 15.21% | 8.86% | 13.14% | 2.71% | -20.02% | -7.55% | -0.13% | 13.83% | 11.26% | 8.78% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 1.29% | 8.81% | 8.45% | 12.73% | -11.18% | 5.02% | 6.17% | 14.24% | -2.41% | 0.16% |
Correlation
The correlation between VZ and USHY is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.21 |
The correlation between VZ and USHY shifts across timeframes, from -0.03 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VZ vs. USHY — Risk / Return Rank
VZ
USHY
VZ vs. USHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Verizon Communications Inc. (VZ) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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.
| VZ | USHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.36 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 2.83 | -2.02 |
| Martin ratioReturn relative to average drawdown | 1.72 | 12.68 | -10.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VZ | USHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 1.88 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.57 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.58 | -0.38 |
Drawdowns
VZ vs. USHY - Drawdown Comparison
The maximum VZ drawdown since its inception was -50.66%, which is greater than USHY's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for VZ and USHY.
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Drawdown Indicators
| VZ | USHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.66% | -22.44% | -28.22% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -2.43% | -10.89% |
Max Drawdown (3Y)Largest decline over 3 years | -14.93% | -4.66% | -10.27% |
Max Drawdown (5Y)Largest decline over 5 years | -38.38% | -15.56% | -22.82% |
Max Drawdown (10Y)Largest decline over 10 years | -41.21% | — | — |
Current DrawdownCurrent decline from peak | -10.23% | -0.41% | -9.82% |
Average DrawdownAverage peak-to-trough decline | -14.83% | -2.66% | -12.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.24% | 0.54% | +5.70% |
Volatility
VZ vs. USHY - Volatility Comparison
Verizon Communications Inc. (VZ) has a higher volatility of 6.15% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 1.13%. This indicates that VZ's price experiences larger fluctuations and is considered to be riskier than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VZ | USHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.15% | 1.13% | +5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 17.91% | 2.95% | +14.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 3.67% | +18.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.61% | 7.34% | +14.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.34% | 8.25% | +12.09% |
Dividends
VZ vs. USHY - Dividend Comparison
VZ's dividend yield for the trailing twelve months is around 6.08%, less than USHY's 6.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.93% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% | 0.00% | 0.00% |
VZ Verizon Communications Inc. | 6.08% | 6.68% | 6.68% | 6.96% | 6.53% | 4.85% | 4.21% | 3.95% | 4.22% | 4.39% | 4.26% | 4.79% |
Frequently Asked Questions
VZ and USHY have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VZ has higher volatility (6.15%) compared to USHY (1.13%). In terms of maximum drawdown, VZ dropped -50.66% vs USHY's -22.44%.
USHY currently has the higher Sharpe Ratio (1.88 vs 0.48), 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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