BGHIX vs. HYDB

Last updated Apr 1, 2026

Compare and contrast key facts about BrandywineGLOBAL - High Yield Fund Class I (BGHIX) and iShares High Yield Bond Factor ETF (HYDB).

BGHIX is an actively managed fund by Franklin Templeton. It was launched on Dec 4, 2014. HYDB is a passively managed fund by iShares that tracks the performance of the BlackRock High Yield Defensive Bond Index. It was launched on Jul 11, 2017.

Performance

BGHIX vs. HYDB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrandywineGLOBAL - High Yield Fund Class I (BGHIX) and iShares High Yield Bond Factor ETF (HYDB). The values are adjusted to include any dividend payments, if applicable.

BGHIX vs. HYDB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BGHIX BrandywineGLOBAL - High Yield Fund Class I	-2.08%	5.53%	9.77%	15.16%	-10.34%	0.97%
HYDB iShares High Yield Bond Factor ETF	-0.64%	8.10%	9.11%	14.02%	-9.99%	1.72%

Returns By Period

In the year-to-date period, BGHIX achieves a -2.08% return, which is significantly lower than HYDB's -0.64% return.

BGHIX

• 1D: 0.20%
• 1M: -1.70%
• YTD: -2.08%
• 6M: -1.52%
• 1Y: 2.86%
• 3Y*: 8.18%
• 5Y*: —
• 10Y*: —

HYDB

• 1D: 0.95%
• 1M: -1.56%
• YTD: -0.64%
• 6M: 0.62%
• 1Y: 6.05%
• 3Y*: 8.82%
• 5Y*: 4.50%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGHIX vs. HYDB - Expense Ratio Comparison

BGHIX has a 0.65% expense ratio, which is higher than HYDB's 0.35% expense ratio.

BGHIX

BrandywineGLOBAL - High Yield Fund Class I

HYDB

iShares High Yield Bond Factor ETF

Return for Risk

BGHIX vs. HYDB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGHIX

BGHIX Risk / Return Rank: 35
BGHIX Sharpe Ratio Rank: 39
BGHIX Sortino Ratio Rank: 36
BGHIX Omega Ratio Rank: 42
BGHIX Calmar Ratio Rank: 30
BGHIX Martin Ratio Rank: 30

HYDB

HYDB Risk / Return Rank: 61
HYDB Sharpe Ratio Rank: 61
HYDB Sortino Ratio Rank: 60
HYDB Omega Ratio Rank: 68
HYDB Calmar Ratio Rank: 54
HYDB Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGHIX vs. HYDB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - High Yield Fund Class I (BGHIX) and iShares High Yield Bond Factor ETF (HYDB). 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.

	BGHIX	HYDB	Difference
Sharpe ratio Return per unit of total volatility	0.85	1.03	-0.18
Sortino ratio Return per unit of downside risk	1.22	1.48	-0.26
Omega ratio Gain probability vs. loss probability	1.19	1.24	-0.05
Calmar ratio Return relative to maximum drawdown	0.86	1.28	-0.42
Martin ratio Return relative to average drawdown	3.27	6.19	-2.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGHIX vs. HYDB - Sharpe Ratio Comparison

The current BGHIX Sharpe Ratio is 0.85, which is comparable to the HYDB Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of BGHIX and HYDB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BGHIX	HYDB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	1.03	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.69	+0.13

Correlation

The correlation between BGHIX and HYDB is 0.60, 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.

Dividends

BGHIX vs. HYDB - Dividend Comparison

BGHIX's dividend yield for the trailing twelve months is around 6.40%, less than HYDB's 7.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGHIX BrandywineGLOBAL - High Yield Fund Class I	6.40%	6.96%	7.37%	6.83%	5.23%	4.66%	0.00%	0.00%	0.00%	0.00%
HYDB iShares High Yield Bond Factor ETF	7.20%	7.04%	6.95%	7.00%	6.30%	4.70%	5.81%	5.68%	6.16%	2.70%

Drawdowns

BGHIX vs. HYDB - Drawdown Comparison

The maximum BGHIX drawdown since its inception was -14.29%, smaller than the maximum HYDB drawdown of -21.58%. Use the drawdown chart below to compare losses from any high point for BGHIX and HYDB.

Drawdown Indicators

	BGHIX	HYDB	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-21.58%	+7.29%
Max Drawdown (1Y) Largest decline over 1 year	-3.43%	-4.84%	+1.41%
Max Drawdown (5Y) Largest decline over 5 years	—	-14.28%	—
Current Drawdown Current decline from peak	-2.11%	-1.80%	-0.31%
Average Drawdown Average peak-to-trough decline	-3.24%	-2.43%	-0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	1.00%	-0.10%

Volatility

BGHIX vs. HYDB - Volatility Comparison

The current volatility for BrandywineGLOBAL - High Yield Fund Class I (BGHIX) is 1.16%, while iShares High Yield Bond Factor ETF (HYDB) has a volatility of 2.22%. This indicates that BGHIX experiences smaller price fluctuations and is considered to be less risky than HYDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGHIX	HYDB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	2.22%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	2.14%	2.91%	-0.77%
Volatility (1Y) Calculated over the trailing 1-year period	3.85%	5.89%	-2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.50%	7.02%	-2.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.50%	7.82%	-3.32%