CGHY vs. HYGH
CGHY (Capital Group High Yield Bond ETF) and HYGH (iShares Interest Rate Hedged High Yield Bond ETF) are both High Yield Bonds funds. A 0.58 correlation means they provide meaningful diversification when combined. CGHY charges 0.39%/yr vs 0.53%/yr for HYGH.
Performance
CGHY vs. HYGH - Performance Comparison
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Returns By Period
In the year-to-date period, CGHY achieves a 1.65% return, which is significantly lower than HYGH's 2.76% return.
CGHY
- 1D
- -0.45%
- 1M
- -0.11%
- YTD
- 1.65%
- 6M
- 2.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYGH
- 1D
- -0.17%
- 1M
- 0.61%
- YTD
- 2.76%
- 6M
- 3.17%
- 1Y
- 7.56%
- 3Y*
- 9.72%
- 5Y*
- 6.93%
- 10Y*
- 6.25%
CGHY vs. HYGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CGHY Capital Group High Yield Bond ETF | 1.65% | 3.77% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 2.76% | 4.02% |
Correlation
The correlation between CGHY and HYGH is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.58 |
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Return for Risk
CGHY vs. HYGH — Risk / Return Rank
CGHY
HYGH
CGHY vs. HYGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group High Yield Bond ETF (CGHY) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| CGHY | HYGH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.08 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.98 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.74 | 0.56 | +1.19 |
Drawdowns
CGHY vs. HYGH - Drawdown Comparison
The maximum CGHY drawdown since its inception was -2.38%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for CGHY and HYGH.
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Drawdown Indicators
| CGHY | HYGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.38% | -23.88% | +21.50% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.62% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.88% | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.31% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -2.23% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.41% | — |
Volatility
CGHY vs. HYGH - Volatility Comparison
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Volatility by Period
| CGHY | HYGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.62% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.84% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 3.66% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.36% | 7.07% | -3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.36% | 8.35% | -4.99% |
CGHY vs. HYGH - Expense Ratio Comparison
CGHY has a 0.39% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Dividends
CGHY vs. HYGH - Dividend Comparison
CGHY's dividend yield for the trailing twelve months is around 5.10%, less than HYGH's 6.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGHY Capital Group High Yield Bond ETF | 5.10% | 3.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 6.63% | 6.86% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% |
Frequently Asked Questions
CGHY and HYGH have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CGHY is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CGHY is cheaper with a 0.39% expense ratio, compared with 0.53% for HYGH.
HYGH has the higher dividend yield at 6.63%, compared with 5.10% for CGHY.
They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.39% for CGHY and 0.53% for HYGH.
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