^XNG vs. HYGW

In the year-to-date period, ^XNG achieves a 7.16% return, which is significantly higher than HYGW's 2.34% return.

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This table presents a comparison of risk-adjusted performance metrics for NYSE Arca Natural Gas Index (^XNG) and iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

The current ^XNG Sharpe Ratio is 0.79, which is lower than the HYGW Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of ^XNG and HYGW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The correlation between ^XNG and HYGW is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

The maximum ^XNG drawdown since its inception was -84.52%, which is greater than HYGW's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for ^XNG and HYGW.

NYSE Arca Natural Gas Index (^XNG) has a higher volatility of 3.51% compared to iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) at 0.62%. This indicates that ^XNG's price experiences larger fluctuations and is considered to be riskier than HYGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.