BGHSX vs. GHYG
Compare and contrast key facts about BrandywineGLOBAL - High Yield Fund (BGHSX) and iShares US & Intl High Yield Corp Bond ETF (GHYG).
BGHSX is managed by Franklin Templeton. It was launched on Dec 3, 2014. GHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx Global Developed Markets High Yield Index. It was launched on Apr 3, 2012.
Performance
BGHSX vs. GHYG - Performance Comparison
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BGHSX vs. GHYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BGHSX BrandywineGLOBAL - High Yield Fund | -1.56% | 5.55% | 9.90% | 13.21% | -10.23% | 1.12% |
GHYG iShares US & Intl High Yield Corp Bond ETF | -0.81% | 11.28% | 5.85% | 13.29% | -12.15% | -0.18% |
Returns By Period
In the year-to-date period, BGHSX achieves a -1.56% return, which is significantly lower than GHYG's -0.81% return.
BGHSX
- 1D
- 0.41%
- 1M
- -1.20%
- YTD
- -1.56%
- 6M
- -0.96%
- 1Y
- 3.40%
- 3Y*
- 7.83%
- 5Y*
- —
- 10Y*
- —
GHYG
- 1D
- 0.45%
- 1M
- -0.78%
- YTD
- -0.81%
- 6M
- 0.26%
- 1Y
- 7.81%
- 3Y*
- 8.25%
- 5Y*
- 3.36%
- 10Y*
- 5.06%
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BGHSX vs. GHYG - Expense Ratio Comparison
BGHSX has a 0.54% expense ratio, which is higher than GHYG's 0.40% expense ratio.
Return for Risk
BGHSX vs. GHYG — Risk / Return Rank
BGHSX
GHYG
BGHSX vs. GHYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - High Yield Fund (BGHSX) and iShares US & Intl High Yield Corp Bond ETF (GHYG). 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.
| BGHSX | GHYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 1.41 | -0.50 |
Sortino ratioReturn per unit of downside risk | 1.29 | 2.12 | -0.83 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 2.11 | -1.00 |
Martin ratioReturn relative to average drawdown | 4.19 | 8.04 | -3.85 |
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
| BGHSX | GHYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.41 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.44 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.54 | +0.24 |
Correlation
The correlation between BGHSX and GHYG 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
BGHSX vs. GHYG - Dividend Comparison
BGHSX's dividend yield for the trailing twelve months is around 6.48%, more than GHYG's 6.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGHSX BrandywineGLOBAL - High Yield Fund | 6.48% | 7.08% | 7.49% | 5.23% | 5.32% | 4.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GHYG iShares US & Intl High Yield Corp Bond ETF | 6.24% | 6.03% | 6.11% | 5.60% | 4.64% | 4.57% | 4.36% | 4.61% | 5.62% | 4.60% | 4.61% | 4.79% |
Drawdowns
BGHSX vs. GHYG - Drawdown Comparison
The maximum BGHSX drawdown since its inception was -14.30%, smaller than the maximum GHYG drawdown of -27.36%. Use the drawdown chart below to compare losses from any high point for BGHSX and GHYG.
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Drawdown Indicators
| BGHSX | GHYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.30% | -27.36% | +13.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -3.84% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.36% | — |
Current DrawdownCurrent decline from peak | -1.60% | -2.15% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -3.38% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.01% | -0.10% |
Volatility
BGHSX vs. GHYG - Volatility Comparison
The current volatility for BrandywineGLOBAL - High Yield Fund (BGHSX) is 1.17%, while iShares US & Intl High Yield Corp Bond ETF (GHYG) has a volatility of 2.51%. This indicates that BGHSX experiences smaller price fluctuations and is considered to be less risky than GHYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGHSX | GHYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 2.51% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 3.46% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 5.57% | -1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 7.74% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.50% | 8.78% | -4.28% |