BGHSX vs. SHYG
Compare and contrast key facts about BrandywineGLOBAL - High Yield Fund (BGHSX) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG).
BGHSX is managed by Franklin Templeton Investments. It was launched on Dec 3, 2014. SHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid High Yield 0-5 Index. It was launched on Oct 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGHSX or SHYG.
Key characteristics
| BGHSX | SHYG | |
|---|---|---|
| YTD Return | 8.06% | 7.49% |
| 1Y Return | 17.71% | 14.58% |
| 3Y Return (Ann) | 4.50% | 4.40% |
| 5Y Return (Ann) | 3.75% | 4.37% |
| Sharpe Ratio | 4.81 | 3.65 |
| Sortino Ratio | 9.80 | 6.07 |
| Omega Ratio | 2.46 | 1.77 |
| Calmar Ratio | 3.27 | 5.94 |
| Martin Ratio | 42.16 | 34.68 |
| Ulcer Index | 0.41% | 0.41% |
| Daily Std Dev | 3.61% | 3.88% |
| Max Drawdown | -18.15% | -19.26% |
| Current Drawdown | -0.00% | -0.19% |
Correlation
The correlation between BGHSX and SHYG 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.
Performance
BGHSX vs. SHYG - Performance Comparison
In the year-to-date period, BGHSX achieves a 8.06% return, which is significantly higher than SHYG's 7.49% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BGHSX vs. SHYG - Expense Ratio Comparison
BGHSX has a 0.54% expense ratio, which is higher than SHYG's 0.30% expense ratio.
Risk-Adjusted Performance
BGHSX vs. SHYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - High Yield Fund (BGHSX) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG). 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
BGHSX vs. SHYG - Dividend Comparison
BGHSX's dividend yield for the trailing twelve months is around 7.22%, more than SHYG's 6.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGHSX BrandywineGLOBAL - High Yield Fund | 7.22% | 6.97% | 6.34% | 5.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 6.68% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% | 4.33% | 0.85% |
Drawdowns
BGHSX vs. SHYG - Drawdown Comparison
The maximum BGHSX drawdown since its inception was -18.15%, smaller than the maximum SHYG drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for BGHSX and SHYG. For additional features, visit the drawdowns tool.
Volatility
BGHSX vs. SHYG - Volatility Comparison
BrandywineGLOBAL - High Yield Fund (BGHSX) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) have volatilities of 0.67% and 0.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.