ULST vs GHY

Comparison between STATE STREET(R) ULTRA SHORT TERM BOND ETF (ULST, ETF) and PGIM Global High Yield Fund Inc (GHY, ETF).

5-Year PerformanceGHY has outperformed ULST, delivering a return of +5.1% compared to +3.6%

ULST vs GHY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ULST(ETF)	GHY(ETF)
Net Assets	$533M	$531M
Expense Ratio	0.20%	N/A
Max Drawdown	6.34%	55.57%
Sharpe Ratio	-0.16	-0.01
5Y Beta	-0.01	0.43
5Y Dividends CAGR	39.62%	1.61%

Net Assets

Winner

ULST

$533M

GHY

$531M

Expense Ratio

ULST

0.20%

GHY

N/A

Max Drawdown

Winner

ULST

6.34%

GHY

55.57%

Sharpe Ratio

ULST

-0.16

Winner

GHY

-0.01

5Y Beta

Winner

ULST

-0.01

GHY

0.43

5Y Dividends CAGR

Winner

ULST

39.62%

GHY

1.61%

ULST vs GHY - Historical Returns

Returns include dividend reinvestment.

Period	ULST	GHY
1 month	+0.27%	+1.99%
3 months	+0.71%	+2.06%
6 months	+1.50%	-1.66%
1 year	+3.75%	+2.55%
5 years(CAGR)	+3.58%	+5.10%
10 years(CAGR)	+2.68%	+6.97%
Max(CAGR)	+2.21%	+5.59%

ULST

+0.27%

Winner

GHY

+1.99%

ULST

+0.71%

Winner

GHY

+2.06%

Winner

ULST

+1.50%

GHY

-1.66%

Winner

ULST

+3.75%

GHY

+2.55%

5Y(CAGR)

ULST

+3.58%

Winner

GHY

+5.10%

10Y(CAGR)

ULST

+2.68%

Winner

GHY

+6.97%

Max(CAGR)

ULST

+2.21%

Winner

GHY

+5.59%

ULST vs GHY - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	ULST	GHY
2026	+1.58%	+1.76%
2025	+4.81%	+8.75%
2024	+5.25%	+18.99%
2023	+5.59%	+16.12%
2022	+0.87%	-19.80%
2021	+0.21%	+13.81%
2020	+1.45%	+6.26%
2019	+3.25%	+25.23%
2018	+1.94%	-4.14%
2017	+1.29%	+4.57%
2016	+1.54%	+14.99%
2015	+0.14%	-2.05%
2014	+0.29%	+1.79%
2013	+0.22%	-5.63%
2012	N/A	+0.20%

ULST vs GHY Drawdown Comparison

The maximum drawdown for ULST was -6.20%, occurring on Mar 25, 2020. Recovery took 81 trading sessions.

The maximum drawdown for GHY was -41.30%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.

The current ULST drawdown is -0.03%. The current GHY drawdown is -3.44%.

Rank	ULST	GHY
#1	-6.20% Mar 5, 2020 - Jun 30, 2020	-41.30% Feb 19, 2020 - Dec 2, 2020
#2	-1.22% Oct 5, 2021 - Nov 23, 2022	-29.44% Sep 13, 2021 - Jun 12, 2024
#3	-0.54% Aug 5, 2024 - Aug 13, 2024	-16.36% Mar 25, 2025 - Jun 12, 2025
#4	-0.54% May 2, 2014 - Jul 22, 2014	-14.81% Jun 17, 2014 - Jun 6, 2016
#5	-0.51% Jan 31, 2025 - Feb 11, 2025	-13.72% Jan 16, 2013 - Jun 13, 2014
#6	-0.50% Feb 8, 2016 - Apr 7, 2016	-11.93% Feb 13, 2026 - Mar 30, 2026
#7	-0.49% Nov 12, 2014 - Jun 1, 2015	-7.87% Jul 9, 2025 - Feb 12, 2026
#8	-0.44% Jun 1, 2015 - Feb 8, 2016	-7.75% Oct 11, 2017 - Jan 30, 2019
#9	-0.39% Jul 22, 2014 - Nov 3, 2014	-6.76% Aug 31, 2016 - Jan 11, 2017
#10	-0.39% Sep 18, 2020 - Nov 25, 2020	-4.13% Jun 30, 2021 - Aug 5, 2021
#11	-0.37% Apr 3, 2025 - Apr 16, 2025	-4.05% Nov 8, 2024 - Nov 22, 2024
#12	-0.34% May 31, 2016 - Jun 8, 2016	-3.80% Dec 6, 2024 - Jan 6, 2025
#13	-0.32% Jun 10, 2016 - Jul 18, 2016	-3.64% Jul 18, 2019 - Sep 12, 2019
#14	-0.27% May 19, 2016 - May 31, 2016	-3.46% Jan 27, 2025 - Feb 5, 2025
#15	-0.27% Jan 13, 2014 - Feb 25, 2014	-3.19% Jun 20, 2016 - Jul 14, 2016

Correlation

Correlation between ULST and GHY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (2013 - 2026)

ULST vs GHY dividend yield comparison.

Year	ULST	GHY
2026	1.99%	5.28%
2025	4.46%	10.21%
2024	5.03%	10.23%
2023	4.45%	11.09%
2022	1.70%	11.62%
2021	0.54%	8.35%
2020	1.34%	8.67%
2019	2.56%	8.04%
2018	2.13%	7.72%
2017	1.21%	7.77%
2016	0.93%	8.53%
2015	0.37%	10.07%
2014	0.34%	11.02%
2013	0.07%	8.65%