FSYD vs USHY
Fidelity Sustainable High Yield ETF vs iShares Broad USD High Yield Corporate Bond ETF
Which is better, FSYD or USHY?
Nearly the same fund. USHY costs less.
USHY has a lower expense ratio. FSYD led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98.
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 | USHY |
|---|---|---|
| Expense Ratio | 0.55% | 0.08%Best |
| AUM | $141M | $25.1B |
| Dividend Yield | 7.12% | 7.12% |
| Holdings | 403 | 3,787 |
| YTD Return | +0.27%Best | -5.10% |
| 1Y Return | +2.10%Best | -4.07% |
| 3Y Return (annualized) | +8.84%Best | +6.37% |
| 5Y Return (annualized) | - | +2.35% |
| Volatility (annualized) | 7.9% | 7.8%Best |
| Max Drawdown | -12.1%Best | -12.3% |
| $10,000 over 4.7 years | $12,504Best | $11,723 |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Feb 15, 2022 | Oct 25, 2017 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Feb 17, 2022 to Oct 14, 2026 (4.7 years).
FSYD vs USHY 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 4.7 years both funds cover.
FSYD vs USHY Performance
Fidelity Sustainable High Yield ETF (FSYD) is an ETF from Fidelity Investments (US) and iShares Broad USD High Yield Corporate Bond ETF (USHY) is an ETF from iShares by BlackRock (US). Over the past year FSYD returned +2.10% while USHY returned -4.07%. Year to date, FSYD is up 0.27% versus a loss of 5.10% for USHY.
Over three years, FSYD compounded at +8.84% per year against +6.37% for USHY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FSYD has been the more volatile fund, with annualized monthly volatility of 7.9% compared with 7.8% for USHY. 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 -12.1% for FSYD and -12.3% for USHY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. 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 USHY charges 0.08%. On a $10,000 position that is $55 vs $8 annually, a gap of $47 per year that compounds over a long holding period. On income, FSYD currently yields 7.12% against 7.12% for USHY.
Holdings Overlap
We hold position weights for 199 holdings in FSYD and 1,445 in USHY, totalling 66.0% and 74.4% 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, 143 positions appear in both.
143 positions in common, counted across the 199 positions we hold weights for in FSYD and 1,445 in USHY, against full books of 403 and 3,787.
Top Shared Holdings
| Stock | Weight in FSYD | Weight in USHY | Difference |
|---|---|---|---|
| CVS V6.75 12/10/54Cvs Health Corp 6.75% 12/10/2054 | 1.93% | 0.05% | 1.88% |
| ENTG 5.95 06/15/30 1Entegris Escrow Corporation, 5.95% 15jun2030, USD | 1.73% | 0.06% | 1.67% |
| CVA 4.875 12/01/29 1Covert Mergeco Inc | 1.64% | 0.05% | 1.59% |
| TERP 4.75 01/15/30 1United States Treasury Notes 2.25% 02/15/2048 | 1.59% | 0.05% | 1.54% |
| XYZ 6.5 05/15/32Block Inc Sr Unsecured 05/32 6.5 | 1.30% | 0.16% | 1.14% |
| HLT 3.625 02/15/32 1Hilton Domestic Operating Co Inc. 3.625% | 1.36% | 0.09% | 1.27% |
| LVLT 6.875 06/30/33 | 1.16% | 0.15% | 1.01% |
| HBMCN 6.125 04/01/29Hudbay Minerals Inc Corp. Note 2029-04-01 | 1.09% | 0.04% | 1.05% |
| GDDY 3.5 03/01/29 14Go Daddy Opco/Fi 3.5% 03/01/29 | 1.07% | 0.05% | 1.02% |
| CRL 4.25 05/01/28 14Charles River Laboratories International, Inc. | 1.04% | 0.03% | 1.01% |
You are not choosing between two funds in isolation.
Whichever of FSYD and USHY 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 USHY?
FSYD has an expense ratio of 0.55% while USHY charges 0.08%. USHY is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, FSYD or USHY?
Over the past year FSYD returned +2.10% vs -4.07% for USHY, so FSYD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FSYD or USHY?
FSYD has been the more volatile fund at 7.9% annualized versus 7.8% for USHY. Worst drawdown: FSYD -12.1% vs USHY -12.3%.
Should I hold both FSYD and USHY?
FSYD and USHY have a monthly-return correlation of 0.98, 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 USHY?
FSYD yields 7.12% while USHY yields 7.12%, so USHY currently pays the higher dividend yield.
Is USHY better than FSYD?
USHY has a lower expense ratio. FSYD led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.