AVT vs. HYG
AVT (Avnet, Inc.) is a stock, while HYG (iShares iBoxx $ High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Index. Over the past 10 years, AVT returned 11.00%/yr vs 4.94%/yr for HYG. At a 0.48 correlation, their price movements are largely independent.
Performance
AVT vs. HYG - Performance Comparison
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Returns By Period
In the year-to-date period, AVT achieves a 95.08% return, which is significantly higher than HYG's 1.32% return. Over the past 10 years, AVT has outperformed HYG with an annualized return of 11.00%, while HYG has yielded a comparatively lower 4.94% annualized return.
AVT
- 1D
- 0.38%
- 1M
- 15.99%
- YTD
- 95.08%
- 6M
- 90.22%
- 1Y
- 87.69%
- 3Y*
- 31.24%
- 5Y*
- 19.21%
- 10Y*
- 11.00%
HYG
- 1D
- -0.28%
- 1M
- 0.36%
- YTD
- 1.32%
- 6M
- 1.73%
- 1Y
- 6.51%
- 3Y*
- 8.48%
- 5Y*
- 3.77%
- 10Y*
- 4.94%
AVT vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVT Avnet, Inc. | 95.08% | -5.57% | 6.43% | 24.41% | 3.39% | 20.16% | -14.86% | 19.88% | -7.24% | -15.28% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.32% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -2.02% | 6.07% |
Correlation
The correlation between AVT and HYG is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2007 | 0.48 |
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Return for Risk
AVT vs. HYG — Risk / Return Rank
AVT
HYG
AVT vs. HYG - Risk-Adjusted Trends 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.
| AVT | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.33 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.27 | 2.79 | +1.47 |
| Martin ratioReturn relative to average drawdown | 11.21 | 12.34 | -1.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVT | HYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 1.72 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.50 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.60 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.46 | -0.23 |
Drawdowns
AVT vs. HYG - Drawdown Comparison
The maximum AVT drawdown since its inception was -84.53%, which is greater than HYG's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for AVT and HYG.
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Drawdown Indicators
| AVT | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.53% | -34.25% | -50.28% |
Max Drawdown (1Y)Largest decline over 1 year | -20.67% | -2.34% | -18.33% |
Max Drawdown (3Y)Largest decline over 3 years | -27.12% | -4.56% | -22.56% |
Max Drawdown (5Y)Largest decline over 5 years | -27.12% | -15.79% | -11.33% |
Max Drawdown (10Y)Largest decline over 10 years | -58.40% | -22.03% | -36.37% |
Current DrawdownCurrent decline from peak | 0.00% | -0.28% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -25.55% | -3.24% | -22.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.85% | 0.53% | +7.32% |
Volatility
AVT vs. HYG - Volatility Comparison
Avnet, Inc. (AVT) has a higher volatility of 11.79% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.21%. 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.
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Volatility by Period
| AVT | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.79% | 1.21% | +10.58% |
Volatility (6M)Calculated over the trailing 6-month period | 26.25% | 3.01% | +23.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.87% | 3.81% | +29.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.20% | 7.53% | +21.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.12% | 8.29% | +22.83% |
Dividends
AVT vs. HYG - Dividend Comparison
AVT's dividend yield for the trailing twelve months is around 1.86%, less than HYG's 5.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVT Avnet, Inc. | 1.86% | 2.83% | 2.45% | 2.38% | 2.65% | 2.21% | 2.39% | 1.93% | 2.16% | 1.82% | 1.43% | 1.54% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.92% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
Frequently Asked Questions
AVT and HYG have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVT has higher volatility (11.79%) compared to HYG (1.21%). In terms of maximum drawdown, AVT dropped -84.53% vs HYG's -34.25%.
AVT currently has the higher Sharpe Ratio (2.69 vs 1.72), 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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