YLD vs. HNDL
YLD (Principal Active High Yield ETF) and HNDL (Strategy Shares Nasdaq 7HANDL Index ETF) are both exchange-traded funds - YLD is a High Yield Bonds fund actively managed by Principal, while HNDL is a Diversified Portfolio fund tracking the NASDAQ 7 HANDL™ Index. YLD is actively managed, while HNDL is passively managed. Over the past 5 years, YLD returned 4.66%/yr vs 4.38%/yr for HNDL. Their 0.54 correlation means they have sometimes moved together and sometimes differently. YLD charges 0.39%/yr vs 0.97%/yr for HNDL.
Performance
YLD vs. HNDL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, YLD achieves a 3.34% return, which is significantly lower than HNDL's 6.31% return.
YLD
- 1D
- 0.02%
- 1M
- -0.01%
- 6M
- 2.42%
- YTD
- 3.34%
- 1Y
- 5.69%
- 3Y*
- 8.40%
- 5Y*
- 4.66%
- 10Y*
- 5.58%
- ALL TIME*
- 5.33%
HNDL
- 1D
- 0.06%
- 1M
- -0.83%
- 6M
- 4.60%
- YTD
- 6.31%
- 1Y
- 11.49%
- 3Y*
- 10.63%
- 5Y*
- 4.38%
- 10Y*
- —
- ALL TIME*
- 5.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.07M | $1.08M | $1.31M | |
| $3.84M | $3.59M | $3.77M |
YLD vs. HNDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
YLD Principal Active High Yield ETF | 3.34% | 6.55% | 9.19% | 12.93% | -8.78% | 9.17% | 1.50% | 13.58% | -3.96% |
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 6.31% | 10.76% | 10.66% | 13.28% | -19.12% | 9.06% | 12.03% | 15.66% | -5.82% |
Correlation
The correlation between YLD and HNDL is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2018 | 0.54 |
The correlation between YLD and HNDL has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
YLD vs. HNDL — Risk / Return Rank
YLD
HNDL
YLD vs. HNDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Active High Yield ETF (YLD) and Strategy Shares Nasdaq 7HANDL Index ETF (HNDL). 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.
| YLD | HNDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 2.28 | +0.58 |
| Martin ratioReturn relative to average drawdown | 9.79 | 9.13 | +0.66 |
Loading charts...
Drawdowns
YLD vs. HNDL - Drawdown Comparison
The maximum YLD drawdown since its inception was -28.34%, which is greater than HNDL's maximum drawdown of -23.72%. Use the drawdown chart below to compare losses from any high point for YLD and HNDL.
Loading charts...
Drawdown Indicators
| YLD | HNDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.34% | -23.72% | -4.62% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -4.96% | +2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -5.62% | -12.25% | +6.63% |
Max Drawdown (5Y)Largest decline over 5 years | -13.89% | -23.72% | +9.83% |
Max Drawdown (10Y)Largest decline over 10 years | -28.34% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -1.34% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -4.79% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 1.24% | -0.66% |
Volatility
YLD vs. HNDL - Volatility Comparison
The current volatility for Principal Active High Yield ETF (YLD) is 0.77%, while Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) has a volatility of 1.58%. This indicates that YLD experiences smaller price fluctuations and is considered to be less risky than HNDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| YLD | HNDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 1.58% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 5.87% | -2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.42% | 7.55% | -3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 11.56% | -5.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.11% | 10.69% | -2.58% |
YLD vs. HNDL - Expense Ratio Comparison
YLD has a 0.39% expense ratio, which is lower than HNDL's 0.97% expense ratio.
Dividends
YLD vs. HNDL - Dividend Comparison
YLD's dividend yield for the trailing twelve months is around 7.28%, more than HNDL's 6.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 6.98% | 6.86% | 7.02% | 6.78% | 7.87% | 6.86% | 6.21% | 5.27% | 6.42% | 0.00% | 0.00% | 0.00% |
YLD Principal Active High Yield ETF | 6.70% | 7.33% | 7.12% | 6.46% | 6.51% | 3.92% | 4.40% | 4.81% | 5.42% | 6.28% | 4.47% | 2.56% |
Frequently Asked Questions
YLD and HNDL have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HNDL has higher volatility (1.58%) compared to YLD (0.77%). In terms of maximum drawdown, YLD dropped -28.34% vs HNDL's -23.72%.
On 5-year performance, YLD leads with 4.66% vs 4.38% for HNDL. On fees, YLD is cheaper at 0.39% per year. On volatility, YLD has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, YLD has performed better with a 4.66% return vs 4.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YLD is cheaper with a 0.39% expense ratio, compared with 0.97% for HNDL.
HNDL has the higher dividend yield at 6.98%, compared with 6.70% for YLD.
YLD is categorized as High Yield Bonds, while HNDL is Diversified Portfolio. They also come from different issuers: Principal and Strategy Shares. Their fees differ too: 0.39% for YLD and 0.97% for HNDL.
HNDL currently has the higher Sharpe Ratio (1.50 vs 1.28), 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.
Find the right allocation for YLD and HNDL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer