AUSF vs. HYGH
AUSF (Global X Adaptive U.S. Factor ETF) and HYGH (iShares Interest Rate Hedged High Yield Bond ETF) are both exchange-traded funds - AUSF is a Mid Cap Value Equities fund tracking the Adaptive Wealth Strategies U.S. Factor Index, while HYGH is a High Yield Bonds fund actively managed by iShares. AUSF is passively managed, while HYGH is actively managed. Over the past 5 years, AUSF returned 13.35%/yr vs 7.00%/yr for HYGH. A 0.59 correlation means they provide meaningful diversification when combined. AUSF charges 0.27%/yr vs 0.53%/yr for HYGH.
Performance
AUSF vs. HYGH - Performance Comparison
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Returns By Period
In the year-to-date period, AUSF achieves a 9.27% return, which is significantly higher than HYGH's 3.24% return.
AUSF
- 1D
- 0.70%
- 1M
- 2.94%
- YTD
- 9.27%
- 6M
- 8.68%
- 1Y
- 17.75%
- 3Y*
- 19.94%
- 5Y*
- 13.35%
- 10Y*
- —
HYGH
- 1D
- 0.17%
- 1M
- 0.74%
- YTD
- 3.24%
- 6M
- 3.69%
- 1Y
- 8.03%
- 3Y*
- 9.63%
- 5Y*
- 7.00%
- 10Y*
- 6.50%
AUSF vs. HYGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AUSF Global X Adaptive U.S. Factor ETF | 9.27% | 13.69% | 16.05% | 22.26% | -0.18% | 27.48% | 1.27% | 24.06% | -11.18% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 3.24% | 6.94% | 11.22% | 12.17% | -0.92% | 5.82% | 0.54% | 11.09% | -4.89% |
Correlation
The correlation between AUSF and HYGH is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2018 | 0.59 |
The correlation between AUSF and HYGH shifts across timeframes, from 0.41 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AUSF vs. HYGH — Risk / Return Rank
AUSF
HYGH
AUSF vs. HYGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Adaptive U.S. Factor ETF (AUSF) 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.
| AUSF | HYGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.41 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 4.88 | -2.02 |
| Martin ratioReturn relative to average drawdown | 8.29 | 19.08 | -10.79 |
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Drawdowns
AUSF vs. HYGH - Drawdown Comparison
The maximum AUSF drawdown since its inception was -44.25%, which is greater than HYGH's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for AUSF and HYGH.
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Drawdown Indicators
| AUSF | HYGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.25% | -23.88% | -20.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.84% | -1.62% | -4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -12.29% | -8.06% | -4.23% |
Max Drawdown (5Y)Largest decline over 5 years | -14.23% | -8.24% | -5.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.88% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -2.22% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.41% | +1.61% |
Volatility
AUSF vs. HYGH - Volatility Comparison
Global X Adaptive U.S. Factor ETF (AUSF) has a higher volatility of 2.70% compared to iShares Interest Rate Hedged High Yield Bond ETF (HYGH) at 0.68%. This indicates that AUSF'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
| AUSF | HYGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 0.68% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 6.72% | 2.80% | +3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.14% | 3.66% | +6.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.66% | 7.07% | +6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.04% | 8.34% | +10.70% |
AUSF vs. HYGH - Expense Ratio Comparison
AUSF has a 0.27% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Dividends
AUSF vs. HYGH - Dividend Comparison
AUSF's dividend yield for the trailing twelve months is around 2.69%, less than HYGH's 6.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AUSF Global X Adaptive U.S. Factor ETF | 2.69% | 2.78% | 2.63% | 1.83% | 2.51% | 2.22% | 2.95% | 4.02% | 1.46% | 0.00% | 0.00% | 0.00% |
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
AUSF and HYGH have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AUSF has higher volatility (2.70%) compared to HYGH (0.68%). In terms of maximum drawdown, AUSF dropped -44.25% vs HYGH's -23.88%.
On 5-year performance, AUSF leads with 13.35% vs 7.00% for HYGH. On fees, AUSF is cheaper at 0.27% per year. On volatility, HYGH has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AUSF has performed better with a 13.35% return vs 7.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AUSF is cheaper with a 0.27% expense ratio, compared with 0.53% for HYGH.
HYGH has the higher dividend yield at 6.60%, compared with 2.69% for AUSF.
AUSF is categorized as Mid Cap Value Equities, while HYGH is High Yield Bonds. They also come from different issuers: Global X and iShares. Their fees differ too: 0.27% for AUSF and 0.53% for HYGH.
HYGH currently has the higher Sharpe Ratio (2.16 vs 1.65), 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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