FSYD vs THYF
Fidelity Sustainable High Yield ETF vs T. Rowe Price US High Yield ETF
Which is better, FSYD or THYF?
Nearly the same fund. THYF costs less.
THYF has a lower expense ratio. FSYD led over 3Y and the full window, THYF over 1Y. The two have moved almost in lockstep, correlation 0.96.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FSYD | THYF |
|---|---|---|
| Expense Ratio | 0.55% | 0.50%Best |
| AUM | $141M | $825M |
| Dividend Yield | 7.12% | 7.00% |
| Holdings | 403 | 105 |
| YTD Return | +0.27%Best | +0.08% |
| 1Y Return | +2.10% | +2.12%Best |
| 3Y Return (annualized) | +8.84%Best | +7.87% |
| Volatility (annualized) | 5.5%Best | 5.7% |
| Max Drawdown | -5.5% | -5.2%Best |
| $10,000 over 4 years | $13,640Best | $13,177 |
| Fund Family | Fidelity Investments (US) | T.Rowe Price |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Feb 15, 2022 | Oct 25, 2022 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Oct 26, 2022 to Oct 14, 2026 (4 years).
FSYD vs THYF growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4 years both funds cover.
FSYD vs THYF Performance
Fidelity Sustainable High Yield ETF (FSYD) is an ETF from Fidelity Investments (US) and T. Rowe Price US High Yield ETF (THYF) is an ETF from T.Rowe Price. Over the past year FSYD returned +2.10% while THYF returned +2.12%. Year to date, FSYD is up 0.27% versus a gain of 0.08% for THYF.
Over three years, FSYD compounded at +8.84% per year against +7.87% for THYF. Across the full 4-year window we track, FSYD has the edge at +8.07% annualized vs +7.14%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
THYF has been the more volatile fund, with annualized monthly volatility of 5.7% compared with 5.5% for FSYD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -5.5% for FSYD and -5.2% for THYF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FSYD charges 0.55% per year while THYF charges 0.50%. On a $10,000 position that is $55 vs $50 annually, a gap of $5 per year that compounds over a long holding period. On income, FSYD currently yields 7.12% against 7.00% for THYF.
Holdings Overlap
We hold position weights for 199 holdings in FSYD and 53 in THYF, totalling 66.0% and 46.2% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 7 positions appear in both.
7 positions in common, counted across the 199 positions we hold weights for in FSYD and 53 in THYF, against full books of 403 and 105.
Top Shared Holdings
| Stock | Weight in FSYD | Weight in THYF | Difference |
|---|---|---|---|
| LVLT 6.875 06/30/33 | 1.16% | 0.98% | 0.18% |
| HOUS 7 04/15/30 144AAnywhere Real Estate Group Llc/Anywhere Co-Issuer Corp. 7% | 0.23% | 1.21% | 0.98% |
| IQV 6.25 06/01/32 14Iqvia Inc 144A 6.38% Jun 01, 2032 | 0.27% | 0.98% | 0.71% |
| HLT 5.75 09/15/33 14Hilton Domestic Operating Co Inc 5.75 09/15/2033 | 0.19% | 0.98% | 0.79% |
| EIX V7.875 06/15/54Edison International 7.875 06/15/2054 | 0.48% | 0.48% | 0.00% |
| EIX V8.125 06/15/53Edison International 8.13% | 0.17% | 0.49% | 0.32% |
| CYH 9.75 01/15/34 14Chs/Community Health Sys Sr Secured 144A 01/34 9.75 9.75 08/12/2025 9.75 2025-08-12 | 0.12% | 0.50% | 0.38% |
You are not choosing between two funds in isolation.
Whichever of FSYD and THYF you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FSYD or THYF?
FSYD has an expense ratio of 0.55% while THYF charges 0.50%. THYF is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, FSYD or THYF?
Over the past year FSYD returned +2.10% vs +2.12% for THYF, so THYF leads on 1-year performance. Over the longest common window we track (4 years), FSYD annualized +8.07% vs +7.14% for THYF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FSYD or THYF?
THYF has been the more volatile fund at 5.7% annualized versus 5.5% for FSYD. Worst drawdown: FSYD -5.5% vs THYF -5.2%.
Should I hold both FSYD and THYF?
FSYD and THYF have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, FSYD or THYF?
FSYD yields 7.12% while THYF yields 7.00%, so FSYD currently pays the higher dividend yield.
Is THYF better than FSYD?
THYF has a lower expense ratio. FSYD led over 3Y and the full window, THYF over 1Y. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.