CBRE vs. HYG

Last updated Jun 4, 2026

CBRE (CBRE Group, Inc.) is a stock, while HYG (iShares iBoxx $ High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the iBoxx $ Liquid High Yield Index. Over the past 10 years, CBRE returned 15.38%/yr vs 4.94%/yr for HYG. A 0.50 correlation means they provide meaningful diversification when combined.

Performance

CBRE vs. HYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CBRE Group, Inc. (CBRE) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBRE achieves a -21.62% return, which is significantly lower than HYG's 1.32% return. Over the past 10 years, CBRE has outperformed HYG with an annualized return of 15.38%, while HYG has yielded a comparatively lower 4.94% annualized return.

CBRE

• 1D: -1.43%
• 1M: -10.01%
• YTD: -21.62%
• 6M: -22.34%
• 1Y: 0.87%
• 3Y*: 17.78%
• 5Y*: 7.46%
• 10Y*: 15.38%

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%

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

CBRE vs. HYG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CBRE CBRE Group, Inc.	-21.62%	22.47%	41.04%	20.96%	-29.08%	73.01%	2.33%	53.07%	-7.55%	37.54%
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 CBRE and HYG is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Apr 12, 2007	0.50

The correlation between CBRE and HYG shifts across timeframes, from 0.50 (all time) to 0.61 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

CBRE vs. HYG — Risk / Return Rank

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

CBRE

CBRE Risk / Return Rank: 39
CBRE Sharpe Ratio Rank: 41
CBRE Sortino Ratio Rank: 35
CBRE Omega Ratio Rank: 35
CBRE Calmar Ratio Rank: 41
CBRE Martin Ratio Rank: 41

HYG

HYG Risk / Return Rank: 55
HYG Sharpe Ratio Rank: 49
HYG Sortino Ratio Rank: 52
HYG Omega Ratio Rank: 52
HYG Calmar Ratio Rank: 55
HYG Martin Ratio Rank: 66

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.

CBRE vs. HYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CBRE Group, Inc. (CBRE) 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.

	CBRE	HYG	Difference
Sharpe ratio: Return per unit of total volatility	0.03	1.72	-1.69
Sortino ratio: Return per unit of downside risk	0.25	2.59	-2.35
Omega ratio: Gain probability vs. loss probability	1.03	1.33	-0.29
Calmar ratio: Return relative to maximum drawdown	0.03	2.79	-2.76
Martin ratio: Return relative to average drawdown	0.08	12.34	-12.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CBRE vs. HYG - Sharpe Ratio Comparison

The current CBRE Sharpe Ratio is 0.03, which is lower than the HYG Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of CBRE and HYG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CBRE	HYG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.03	1.72	-1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.50	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.60	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.46	-0.17

Drawdowns

CBRE vs. HYG - Drawdown Comparison

The maximum CBRE drawdown since its inception was -94.31%, which is greater than HYG's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for CBRE and HYG.

Drawdown Indicators

	CBRE	HYG	Difference
Max Drawdown Largest peak-to-trough decline	-94.31%	-34.25%	-60.06%
Max Drawdown (1Y) Largest decline over 1 year	-27.37%	-2.34%	-25.03%
Max Drawdown (3Y) Largest decline over 3 years	-27.37%	-4.56%	-22.81%
Max Drawdown (5Y) Largest decline over 5 years	-40.38%	-15.79%	-24.59%
Max Drawdown (10Y) Largest decline over 10 years	-53.57%	-22.03%	-31.54%
Current Drawdown Current decline from peak	-26.56%	-0.28%	-26.28%
Average Drawdown Average peak-to-trough decline	-26.59%	-3.24%	-23.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.18%	0.53%	+10.65%

Volatility

CBRE vs. HYG - Volatility Comparison

CBRE Group, Inc. (CBRE) has a higher volatility of 9.04% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.21%. This indicates that CBRE'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.

Volatility by Period

	CBRE	HYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.04%	1.21%	+7.83%
Volatility (6M) Calculated over the trailing 6-month period	25.49%	3.01%	+22.48%
Volatility (1Y) Calculated over the trailing 1-year period	30.31%	3.81%	+26.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.22%	7.53%	+22.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.99%	8.29%	+24.70%

Dividends

CBRE vs. HYG - Dividend Comparison

CBRE has not paid dividends to shareholders, while HYG's dividend yield for the trailing twelve months is around 5.92%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBRE CBRE Group, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both CBRE and HYG in my portfolio?

CBRE and HYG have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CBRE or HYG?

CBRE has higher volatility (9.04%) compared to HYG (1.21%). In terms of maximum drawdown, CBRE dropped -94.31% vs HYG's -34.25%.

Which has better risk-adjusted returns?

HYG currently has the higher Sharpe Ratio (1.72 vs 0.03), 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.