T. Rowe Price U.S. High Yield ETF (THYF) Performance
THYF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +0.5% since Dec 31, 2025
- 1 year
- +1.9% total return
- 3 years
- +8.5% a year
- Since first price
- +7.5% a year since 2022
THYF trailing returns vs AGG, TLT, SPY
| Period | THYF total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −1.1% | −1.1% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.2% | −2.8% | −0.4% | −1.0% | +3.2% |
| 6 months | −0.2% | −3.5% | −1.5% | −3.8% | +7.8% |
| YTD | +0.5% | −4.4% | −1.0% | −3.4% | +12.3% |
| 1 year | +1.9% | −4.7% | −1.1% | −6.9% | +14.4% |
| 3 years | +27.7%+8.5%/yr | +2.7% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionOct 26, 2022 | +33.3%+7.5%/yr | −0.9% | — | — | — |
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: THYF vs AGG
From Oct 26, 2022: THYF grew to $13,331, AGG to $11,683.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
THYF returns by calendar year
3 of 3 full years positive. Best 2023 (+11.8%), worst 2025 (+7.8%). 2026 is year to date.
THYF annual returns table
| Year | THYF | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +0.5% | −2.8% | −1.0% | −3.4% | +12.3% |
| 2025 | +7.8% | −5.1% | +7.2% | +4.3% | +17.7% |
| 2024 | +8.5% | −1.5% | +1.3% | −8.1% | +24.9% |
| 2023 | +11.8% | −5.2% | +5.7% | +2.8% | +26.2% |
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.
THYF largest drawdowns
Now 2.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 2, 2023 | −5.2% | Mar 20, 2023 | Jul 13, 2023 | 46 days | 5 months |
| Feb 28, 2025 | −5.1% | Apr 8, 2025 | May 30, 2025 | 39 days | 3 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
THYF risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +7.6% | +7.6% |
| Volatility (annualized) | 5.0% | 5.7% |
| Sharpe ratio | 0.63 | 0.55 |
| Sortino ratio | 1.09 | 0.92 |
| Best month | +5.3% | +5.3% |
| Worst month | −2.4% | −2.5% |
| Best 12 months | +16.6% | +16.6% |
| Worst 12 months | +1.6% | +1.6% |
| Positive months | 75% | 72% |
| Beta vs S&P 500 | 0.32 | — |
| Correlation with S&P 500 | 0.78 | — |
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.
THYF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 37 | +1.6% | +7.8% | +16.6% | 100% |
| 3-year (a year) | 13 | +7.6% | +8.2% | +9.5% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
THYF performance overview
T. Rowe Price U.S. High Yield ETF (THYF) returned +1.9% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +7.5% a year, turning $10,000 into about $13,331. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −5.2%, from Feb 2, 2023 to Mar 20, 2023, and it took 4 months to get back to the old high. THYF finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+11.8%) and the worst 2025 (+7.8%). Volatility has been 5.7% a year.
Related: THYF chart, THYF dividends, THYF bond profile. See the THYF overview for the latest quote and fund facts.
THYF performance FAQ
What is the THYF return over the past year?
THYF returned +1.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.7%.
How much would $10,000 invested in THYF be worth?
$10,000 invested in THYF at its first recorded close on October 26, 2022 would be worth about $13,331 on October 23, 2026 with distributions reinvested.
What was the worst year for THYF?
The worst calendar year was 2025, with a total return of +7.8%. The best was 2023 at +11.8%.
What is the biggest drawdown of THYF?
The largest peak-to-trough decline was −5.2% between February 2, 2023 and March 20, 2023. It recovered to the old high on July 13, 2023, 4 months after the bottom.
How volatile is THYF?
Over the past 3 years THYF had an annualized volatility of 5.0% and a Sharpe ratio of 0.63 (excess return over 1–3 month T-bills per unit of risk).