CPHY vs. HYGH
CPHY (F/m Compoundr High Yield Bond ETF) and HYGH (iShares Interest Rate Hedged High Yield Bond ETF) are both High Yield Bonds funds. CPHY is passively managed, while HYGH is actively managed. A 0.68 correlation means they provide meaningful diversification when combined. CPHY charges 0.35%/yr vs 0.53%/yr for HYGH.
Performance
CPHY vs. HYGH - Performance Comparison
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Returns By Period
In the year-to-date period, CPHY achieves a 0.06% return, which is significantly lower than HYGH's 2.76% return.
CPHY
- 1D
- -0.36%
- 1M
- -0.35%
- YTD
- 0.06%
- 6M
- 0.41%
- 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%
CPHY vs. HYGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CPHY F/m Compoundr High Yield Bond ETF | 0.06% | 2.31% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 2.76% | 2.97% |
Correlation
The correlation between CPHY and HYGH is 0.68, 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 Aug 13, 2025 | 0.68 |
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Return for Risk
CPHY vs. HYGH — Risk / Return Rank
CPHY
HYGH
CPHY vs. HYGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m Compoundr High Yield Bond ETF (CPHY) 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
| CPHY | 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 | 0.82 | 0.56 | +0.26 |
Drawdowns
CPHY vs. HYGH - Drawdown Comparison
The maximum CPHY drawdown since its inception was -2.51%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for CPHY and HYGH.
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Drawdown Indicators
| CPHY | HYGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.51% | -23.88% | +21.37% |
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 | -0.92% | -0.31% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -0.56% | -2.23% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.41% | — |
Volatility
CPHY vs. HYGH - Volatility Comparison
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Volatility by Period
| CPHY | 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 | 3.60% | 3.66% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 7.07% | -3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.60% | 8.35% | -4.75% |
CPHY vs. HYGH - Expense Ratio Comparison
CPHY has a 0.35% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Dividends
CPHY vs. HYGH - Dividend Comparison
CPHY has not paid dividends to shareholders, while HYGH's dividend yield for the trailing twelve months is around 6.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPHY F/m Compoundr High Yield Bond ETF | 0.00% | 0.00% | 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
CPHY and HYGH have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CPHY is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CPHY is cheaper with a 0.35% expense ratio, compared with 0.53% for HYGH.
HYGH has the higher dividend yield at 6.63%, compared with 0.00% for CPHY.
They also come from different issuers: F/m Investments and iShares. Their fees differ too: 0.35% for CPHY and 0.53% for HYGH.
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