PIMCO 0-5 Year High Yield Corporate Bond… (HYS) Performance
HYS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.3% since Dec 31, 2025
- 1 year
- +1.2% total return
- 5 years
- +4.8% a year
- 10 years
- +4.8% a year
- Since first price
- +4.9% a year since 2011
HYS trailing returns vs AGG, TLT, SPY
| Period | HYS total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −1.3% | −1.8% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.4% | −3.1% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.3% | −4.7% | −1.5% | −3.8% | +7.8% |
| YTD | −0.3% | −5.5% | −1.0% | −3.4% | +12.3% |
| 1 year | +1.2% | −6.0% | −1.1% | −6.9% | +14.4% |
| 3 years | +27.0%+8.3%/yr | +1.0% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +26.6%+4.8%/yr | −9.4% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +59.3%+4.8%/yr | −10.1% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| 15 years | +111.9%+5.1%/yr | −7.6% | +32.2%+1.9%/yr | +9.9%+0.6%/yr | +696.0%+14.8%/yr |
| Since inceptionJun 17, 2011 | +108.7%+4.9%/yr | −10.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: HYS vs AGG
From Jun 17, 2011: HYS grew to $20,868, AGG to $13,589.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
HYS returns by calendar year
10 of 14 full years positive. Best 2016 (+15.0%), worst 2022 (−5.4%). 2026 is year to date.
HYS annual returns table
| Year | HYS | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −0.3% | −2.8% | −1.0% | −3.4% | +12.3% |
| 2025 | +8.8% | −5.0% | +7.2% | +4.3% | +17.7% |
| 2024 | +8.4% | −1.9% | +1.3% | −8.1% | +24.9% |
| 2023 | +12.7% | −3.2% | +5.7% | +2.8% | +26.2% |
| 2022 | −5.4% | −10.3% | −13.0% | −31.2% | −18.2% |
| 2021 | +4.8% | −1.6% | −1.8% | −4.6% | +28.7% |
| 2020 | +3.3% | −20.9% | +7.5% | +18.2% | +18.3% |
| 2019 | +10.2% | −1.6% | +8.5% | +14.1% | +31.2% |
| 2018 | −0.7% | −5.5% | +0.1% | −1.6% | −4.6% |
| 2017 | +5.7% | −1.8% | +3.6% | +9.2% | +21.7% |
| 2016 | +15.0% | −5.1% | +2.4% | +1.2% | +12.0% |
| 2015 | −4.6% | −9.0% | +0.5% | −1.8% | +1.2% |
| 2014 | −0.1% | −4.8% | +6.0% | +27.3% | +13.5% |
| 2013 | +7.7% | −4.7% | −2.0% | −13.4% | +32.3% |
| 2012 | +11.4% | −2.3% | +3.8% | +2.6% | +16.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
HYS largest drawdowns
Now 2.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 12, 2020 | −20.9% | Mar 23, 2020 | Nov 24, 2020 | 40 days | 9 months |
| Jun 1, 2015 | −12.3% | Feb 11, 2016 | Jun 8, 2016 | 8 months | 1.0 years |
| Dec 31, 2021 | −10.6% | Jun 13, 2022 | Jul 13, 2023 | 5 months | 1.5 years |
| Jul 26, 2011 | −8.3% | Oct 4, 2011 | Jan 12, 2012 | 2 months | 6 months |
| Oct 2, 2018 | −5.5% | Dec 24, 2018 | Feb 5, 2019 | 3 months | 4 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
HYS risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2011 |
|---|---|---|---|---|
| Annualized return | +8.0% | +4.9% | +4.9% | +4.9% |
| Volatility (annualized) | 4.2% | 5.9% | 6.4% | 6.1% |
| Sharpe ratio | 0.84 | 0.24 | 0.42 | 0.58 |
| Sortino ratio | 1.52 | 0.35 | 0.56 | 0.81 |
| Best month | +3.9% | +4.9% | +4.9% | +5.3% |
| Worst month | −2.2% | −5.5% | −11.6% | −11.6% |
| Best 12 months | +15.4% | +15.4% | +21.2% | +21.2% |
| Worst 12 months | +1.7% | −8.4% | −10.0% | −10.0% |
| Positive months | 72% | 63% | 67% | 67% |
| Beta vs S&P 500 | 0.24 | 0.31 | 0.34 | — |
| Correlation with S&P 500 | 0.72 | 0.82 | 0.81 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
HYS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 173 | −10.0% | +5.8% | +21.2% | 81% |
| 3-year (a year) | 149 | −0.6% | +4.5% | +10.9% | 99% |
| 5-year (a year) | 125 | +1.5% | +4.5% | +7.8% | 100% |
| 10-year (a year) | 65 | +3.2% | +4.6% | +6.3% | 100% |
Every holding period starting at a month-end since 2011. Returns for 3 years and longer are annualized.
HYS performance overview
PIMCO 0-5 Year High Yield Corporate Bond… (HYS) returned +1.2% over the past year and +4.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2011 it has returned +4.9% a year, turning $10,000 into about $20,868. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −20.9%, from Feb 12, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. HYS finished 10 of its 14 full calendar years with a gain; the best year was 2016 (+15.0%) and the worst 2022 (−5.4%). Volatility has been 6.1% a year.
Related: HYS chart, HYS dividends, HYS bond profile. See the HYS overview for the latest quote and fund facts.
HYS performance FAQ
What is the HYS return over the past year?
HYS returned +1.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 6.0%.
What is the average annual return of HYS?
HYS has returned +4.8% a year over 5 years, +4.8% a year over 10 years, +4.9% a year since June 17, 2011 (total return, distributions reinvested).
How much would $10,000 invested in HYS be worth?
$10,000 invested in HYS at its first recorded close on June 17, 2011 would be worth about $20,868 on October 23, 2026 with distributions reinvested.
What was the worst year for HYS?
The worst calendar year was 2022, with a total return of −5.4%. The best was 2016 at +15.0%.
What is the biggest drawdown of HYS?
The largest peak-to-trough decline was −20.9% between February 12, 2020 and March 23, 2020. It recovered to the old high on November 24, 2020, 8 months after the bottom.
How volatile is HYS?
Over the past 3 years HYS had an annualized volatility of 4.2% and a Sharpe ratio of 0.84 (excess return over 1–3 month T-bills per unit of risk).