THYF vs USHY
T. Rowe Price US High Yield ETF vs iShares Broad USD High Yield Corporate Bond ETF
Which is better, THYF or USHY?
Nearly the same fund. USHY costs less.
USHY has a lower expense ratio. THYF led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95.
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 | THYF | USHY |
|---|---|---|
| Expense Ratio | 0.50% | 0.08%Best |
| AUM | $825M | $25.1B |
| Dividend Yield | 7.00% | 7.12% |
| Holdings | 105 | 3,787 |
| YTD Return | +0.08%Best | -5.10% |
| 1Y Return | +2.12%Best | -4.07% |
| 3Y Return (annualized) | +7.87%Best | +6.37% |
| 5Y Return (annualized) | - | +2.35% |
| Volatility (annualized) | 5.7% | 5.4%Best |
| Max Drawdown | -5.2%Best | -5.8% |
| $10,000 over 4 years | $13,177Best | $12,802 |
| Fund Family | T.Rowe Price | iShares by BlackRock (US) |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Oct 25, 2022 | Oct 25, 2017 |
Not shown on this pair: 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).
THYF 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 years both funds cover.
THYF vs USHY Performance
T. Rowe Price US High Yield ETF (THYF) is an ETF from T.Rowe Price and iShares Broad USD High Yield Corporate Bond ETF (USHY) is an ETF from iShares by BlackRock (US). Over the past year THYF returned +2.12% while USHY returned -4.07%. Year to date, THYF is up 0.08% versus a loss of 5.10% for USHY.
Over three years, THYF compounded at +7.87% per year against +6.37% for USHY. Across the full 4-year window we track, THYF has the edge at +7.14% annualized vs +6.37%.
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 5.4% 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 -5.2% for THYF and -5.8% 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
THYF charges 0.50% per year while USHY charges 0.08%. On a $10,000 position that is $50 vs $8 annually, a gap of $42 per year that compounds over a long holding period. On income, THYF currently yields 7.00% against 7.12% for USHY.
Holdings Overlap
We hold position weights for 53 holdings in THYF and 1,445 in USHY, totalling 46.2% 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, 42 positions appear in both.
42 positions in common, counted across the 53 positions we hold weights for in THYF and 1,445 in USHY, against full books of 105 and 3,787.
Top Shared Holdings
| Stock | Weight in THYF | Weight in USHY | Difference |
|---|---|---|---|
| SOBOCNSouth Bow Canadian Infrastructure Holdings Ltd 0.075 03/01/2055 | 1.88% | 0.05% | 1.83% |
| BHCCN 10 04/15/32 141261229 Bc Ltd 144A 10% Apr 15, 2032 | 1.02% | 0.50% | 0.52% |
| CAR 8.25 01/15/30 14Avis Budget Car Rental, Llc 8% 2030-01-15 | 1.44% | 0.04% | 1.40% |
| SATS 10.75 11/30/29 | 1.01% | 0.41% | 0.60% |
| WLSC 7.375 10/01/31 | 1.29% | 0.03% | 1.26% |
| EVRI 9.25 07/01/32 1Voyager Parent 9.25 7/32 | 1.17% | 0.13% | 1.04% |
| HOUS 7 04/15/30 144AAnywhere Real Estate Group Llc/Anywhere Co-Issuer Corp. 7% | 1.21% | 0.05% | 1.16% |
| FLXJET 8.875 12/15/2One Sky Flight Llc 144A 8.88% Dec 15, 2029 | 1.15% | 0.04% | 1.11% |
| CHTR 7.375 03/01/31 | 1.07% | 0.07% | 1.00% |
| LVLT 6.875 06/30/33 | 0.98% | 0.15% | 0.83% |
You are not choosing between two funds in isolation.
Whichever of THYF 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, THYF or USHY?
THYF has an expense ratio of 0.50% while USHY charges 0.08%. USHY is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, THYF or USHY?
Over the past year THYF returned +2.12% vs -4.07% for USHY, so THYF leads on 1-year performance. Over the longest common window we track (4 years), THYF annualized +7.14% vs +6.37% for USHY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, THYF or USHY?
THYF has been the more volatile fund at 5.7% annualized versus 5.4% for USHY. Worst drawdown: THYF -5.2% vs USHY -5.8%.
Should I hold both THYF and USHY?
THYF and USHY have a monthly-return correlation of 0.95, 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, THYF or USHY?
THYF yields 7.00% while USHY yields 7.12%, so USHY currently pays the higher dividend yield.
Is USHY better than THYF?
USHY has a lower expense ratio. THYF led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.