BGRN vs. HYG
Compare and contrast key facts about iShares Global Green Bond ETF (BGRN) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
BGRN and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BGRN is a passively managed fund by iShares that tracks the performance of the Bloomberg Barclays MSCI Green Bond Select USD Hedged Index. It was launched on Nov 13, 2018. 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. Both BGRN and HYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGRN or HYG.
Performance
BGRN vs. HYG - Performance Comparison
Returns By Period
In the year-to-date period, BGRN achieves a 3.02% return, which is significantly lower than HYG's 8.63% return.
BGRN
3.02%
-0.46%
3.54%
7.21%
-0.28%
N/A
HYG
8.63%
0.68%
7.16%
13.04%
3.63%
3.95%
Key characteristics
| BGRN | HYG | |
|---|---|---|
| Sharpe Ratio | 1.62 | 2.85 |
| Sortino Ratio | 2.35 | 4.44 |
| Omega Ratio | 1.29 | 1.55 |
| Calmar Ratio | 0.54 | 2.68 |
| Martin Ratio | 6.91 | 21.35 |
| Ulcer Index | 1.07% | 0.62% |
| Daily Std Dev | 4.57% | 4.65% |
| Max Drawdown | -19.16% | -34.24% |
| Current Drawdown | -7.41% | -0.36% |
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BGRN vs. HYG - Expense Ratio Comparison
BGRN has a 0.20% expense ratio, which is lower than HYG's 0.49% expense ratio.
Correlation
The correlation between BGRN and HYG is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
BGRN vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Green Bond ETF (BGRN) 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
BGRN vs. HYG - Dividend Comparison
BGRN's dividend yield for the trailing twelve months is around 3.96%, less than HYG's 5.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRN iShares Global Green Bond ETF | 3.96% | 3.52% | 2.67% | 0.78% | 1.82% | 3.66% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
BGRN vs. HYG - Drawdown Comparison
The maximum BGRN drawdown since its inception was -19.16%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for BGRN and HYG. For additional features, visit the drawdowns tool.
Volatility
BGRN vs. HYG - Volatility Comparison
iShares Global Green Bond ETF (BGRN) has a higher volatility of 1.20% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 0.97%. This indicates that BGRN'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.