ADC vs. HYGH
ADC (Agree Realty Corporation) is a stock, while HYGH (iShares Interest Rate Hedged High Yield Bond ETF) is High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Interest Hedged Index. Over the past 10 years, ADC returned 9.48%/yr vs 6.48%/yr for HYGH. At a 0.20 correlation, their price movements are largely independent.
Performance
ADC vs. HYGH - Performance Comparison
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Returns By Period
In the year-to-date period, ADC achieves a 5.07% return, which is significantly higher than HYGH's 3.33% return. Over the past 10 years, ADC has outperformed HYGH with an annualized return of 9.48%, while HYGH has yielded a comparatively lower 6.48% annualized return.
ADC
- 1D
- 1.34%
- 1M
- -1.09%
- YTD
- 5.07%
- 6M
- 5.44%
- 1Y
- 2.37%
- 3Y*
- 9.35%
- 5Y*
- 5.61%
- 10Y*
- 9.48%
HYGH
- 1D
- -0.03%
- 1M
- 0.56%
- YTD
- 3.33%
- 6M
- 3.56%
- 1Y
- 7.74%
- 3Y*
- 9.87%
- 5Y*
- 6.91%
- 10Y*
- 6.48%
ADC vs. HYGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADC Agree Realty Corporation | 5.07% | 6.62% | 17.20% | -7.07% | 3.50% | 11.28% | -1.40% | 22.71% | 19.75% | 16.42% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 3.33% | 6.94% | 11.22% | 12.17% | -0.92% | 5.82% | 0.54% | 11.09% | -0.85% | 6.38% |
Correlation
The correlation between ADC and HYGH is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 29, 2014 | 0.20 |
The correlation between ADC and HYGH shifts across timeframes, from -0.09 (1 year) to 0.21 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
ADC vs. HYGH — Risk / Return Rank
ADC
HYGH
ADC vs. HYGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agree Realty Corporation (ADC) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ADC | HYGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.40 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 4.80 | -4.59 |
| Martin ratioReturn relative to average drawdown | 0.51 | 18.77 | -18.26 |
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Drawdowns
ADC vs. HYGH - Drawdown Comparison
The maximum ADC drawdown since its inception was -70.25%, which is greater than HYGH's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for ADC and HYGH.
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Drawdown Indicators
| ADC | HYGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.25% | -23.88% | -46.37% |
Max Drawdown (1Y)Largest decline over 1 year | -11.14% | -1.62% | -9.52% |
Max Drawdown (3Y)Largest decline over 3 years | -21.08% | -8.06% | -13.02% |
Max Drawdown (5Y)Largest decline over 5 years | -29.52% | -8.24% | -21.28% |
Max Drawdown (10Y)Largest decline over 10 years | -39.00% | -23.88% | -15.12% |
Current DrawdownCurrent decline from peak | -8.25% | -0.08% | -8.17% |
Average DrawdownAverage peak-to-trough decline | -9.63% | -2.22% | -7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 0.41% | +4.38% |
Volatility
ADC vs. HYGH - Volatility Comparison
Agree Realty Corporation (ADC) has a higher volatility of 5.11% compared to iShares Interest Rate Hedged High Yield Bond ETF (HYGH) at 0.63%. This indicates that ADC's price experiences larger fluctuations and is considered to be riskier than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADC | HYGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 0.63% | +4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 12.29% | 2.81% | +9.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 3.64% | +12.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.77% | 7.08% | +11.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.67% | 8.30% | +15.37% |
Dividends
ADC vs. HYGH - Dividend Comparison
ADC's dividend yield for the trailing twelve months is around 4.21%, less than HYGH's 6.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADC Agree Realty Corporation | 4.21% | 4.28% | 4.26% | 4.64% | 3.95% | 3.65% | 3.61% | 3.25% | 3.65% | 3.94% | 4.17% | 5.43% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 6.60% | 6.86% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% |
Frequently Asked Questions
ADC and HYGH have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADC has higher volatility (5.11%) compared to HYGH (0.63%). In terms of maximum drawdown, ADC dropped -70.25% vs HYGH's -23.88%.
HYGH currently has the higher Sharpe Ratio (2.14 vs 0.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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