YLD vs. IHY
Compare and contrast key facts about Principal Active High Yield ETF (YLD) and VanEck Vectors International High Yield Bond ETF (IHY).
YLD and IHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YLD is an actively managed fund by Principal. It was launched on Jul 9, 2015. IHY is a passively managed fund by VanEck that tracks the performance of the Bank of America Merrill Lynch Global Ex-‐US Issuers High Yield Constrained Index. It was launched on Apr 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YLD or IHY.
Key characteristics
| YLD | IHY | |
|---|---|---|
| YTD Return | 9.58% | 5.66% |
| 1Y Return | 15.22% | 14.63% |
| 3Y Return (Ann) | 4.13% | 0.41% |
| 5Y Return (Ann) | 5.15% | 1.90% |
| Sharpe Ratio | 2.65 | 2.15 |
| Sortino Ratio | 4.11 | 3.10 |
| Omega Ratio | 1.49 | 1.40 |
| Calmar Ratio | 6.82 | 0.84 |
| Martin Ratio | 29.63 | 13.60 |
| Ulcer Index | 0.50% | 0.98% |
| Daily Std Dev | 5.57% | 6.20% |
| Max Drawdown | -28.34% | -27.63% |
| Current Drawdown | -0.05% | -3.57% |
Correlation
The correlation between YLD and IHY is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
YLD vs. IHY - Performance Comparison
In the year-to-date period, YLD achieves a 9.58% return, which is significantly higher than IHY's 5.66% 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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YLD vs. IHY - Expense Ratio Comparison
YLD has a 0.39% expense ratio, which is lower than IHY's 0.40% expense ratio.
Risk-Adjusted Performance
YLD vs. IHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Active High Yield ETF (YLD) and VanEck Vectors International High Yield Bond ETF (IHY). 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
YLD vs. IHY - Dividend Comparison
YLD's dividend yield for the trailing twelve months is around 6.86%, more than IHY's 5.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YLD Principal Active High Yield ETF | 6.86% | 6.46% | 6.50% | 4.22% | 4.40% | 4.81% | 5.82% | 5.86% | 4.83% | 2.56% | 0.00% | 0.00% |
IHY VanEck Vectors International High Yield Bond ETF | 5.37% | 5.27% | 4.98% | 4.55% | 4.65% | 4.87% | 4.70% | 4.37% | 5.10% | 5.79% | 5.74% | 6.48% |
Drawdowns
YLD vs. IHY - Drawdown Comparison
The maximum YLD drawdown since its inception was -28.34%, roughly equal to the maximum IHY drawdown of -27.63%. Use the drawdown chart below to compare losses from any high point for YLD and IHY. For additional features, visit the drawdowns tool.
Volatility
YLD vs. IHY - Volatility Comparison
Principal Active High Yield ETF (YLD) has a higher volatility of 2.06% compared to VanEck Vectors International High Yield Bond ETF (IHY) at 1.26%. This indicates that YLD's price experiences larger fluctuations and is considered to be riskier than IHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.