AGGH vs. HYG
Compare and contrast key facts about Simplify Aggregate Bond ETF (AGGH) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
AGGH and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AGGH is an actively managed fund by Simplify. It was launched on Feb 14, 2022. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGGH or HYG.
Performance
AGGH vs. HYG - Performance Comparison
Returns By Period
In the year-to-date period, AGGH achieves a 1.48% return, which is significantly lower than HYG's 8.60% return.
AGGH
1.48%
0.05%
3.35%
6.57%
N/A
N/A
HYG
8.60%
0.96%
6.75%
13.01%
3.63%
3.93%
Key characteristics
| AGGH | HYG | |
|---|---|---|
| Sharpe Ratio | 0.72 | 2.80 |
| Sortino Ratio | 1.07 | 4.37 |
| Omega Ratio | 1.13 | 1.55 |
| Calmar Ratio | 0.89 | 2.63 |
| Martin Ratio | 2.70 | 20.97 |
| Ulcer Index | 2.41% | 0.62% |
| Daily Std Dev | 9.07% | 4.65% |
| Max Drawdown | -13.26% | -34.24% |
| Current Drawdown | -4.73% | -0.39% |
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AGGH vs. HYG - Expense Ratio Comparison
AGGH has a 0.33% expense ratio, which is lower than HYG's 0.49% expense ratio.
Correlation
The correlation between AGGH and HYG is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
AGGH vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Aggregate Bond ETF (AGGH) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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.
Dividends
AGGH vs. HYG - Dividend Comparison
AGGH's dividend yield for the trailing twelve months is around 9.73%, more than HYG's 5.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGGH Simplify Aggregate Bond ETF | 9.73% | 9.51% | 2.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.88% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
Drawdowns
AGGH vs. HYG - Drawdown Comparison
The maximum AGGH drawdown since its inception was -13.26%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for AGGH and HYG. For additional features, visit the drawdowns tool.
Volatility
AGGH vs. HYG - Volatility Comparison
Simplify Aggregate Bond ETF (AGGH) has a higher volatility of 1.87% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 0.94%. This indicates that AGGH's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.