AVT vs. HYG
Compare and contrast key facts about Avnet, Inc. (AVT) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
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: AVT or HYG.
Performance
AVT vs. HYG - Performance Comparison
Returns By Period
In the year-to-date period, AVT achieves a 10.11% return, which is significantly higher than HYG's 8.60% return. Over the past 10 years, AVT has outperformed HYG with an annualized return of 4.36%, while HYG has yielded a comparatively lower 3.93% annualized return.
AVT
10.11%
1.00%
0.33%
18.12%
8.90%
4.36%
HYG
8.60%
0.96%
6.75%
13.01%
3.63%
3.93%
Key characteristics
| AVT | HYG | |
|---|---|---|
| Sharpe Ratio | 0.74 | 2.80 |
| Sortino Ratio | 1.17 | 4.37 |
| Omega Ratio | 1.15 | 1.55 |
| Calmar Ratio | 1.33 | 2.63 |
| Martin Ratio | 3.34 | 20.97 |
| Ulcer Index | 5.42% | 0.62% |
| Daily Std Dev | 24.52% | 4.65% |
| Max Drawdown | -84.52% | -34.24% |
| Current Drawdown | -5.62% | -0.39% |
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Correlation
The correlation between AVT and HYG is 0.48, 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.
Risk-Adjusted Performance
AVT vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avnet, Inc. (AVT) 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
AVT vs. HYG - Dividend Comparison
AVT's dividend yield for the trailing twelve months is around 2.31%, less than HYG's 5.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVT Avnet, Inc. | 2.31% | 2.38% | 2.65% | 2.21% | 2.39% | 1.93% | 2.16% | 1.82% | 1.43% | 1.54% | 1.44% | 0.68% |
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
AVT vs. HYG - Drawdown Comparison
The maximum AVT drawdown since its inception was -84.52%, which is greater than HYG's maximum drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for AVT and HYG. For additional features, visit the drawdowns tool.
Volatility
AVT vs. HYG - Volatility Comparison
Avnet, Inc. (AVT) has a higher volatility of 11.22% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 0.94%. This indicates that AVT'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.