DE vs. HYG
Compare and contrast key facts about Deere & Company (DE) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DE or HYG.
Key characteristics
| DE | HYG | |
|---|---|---|
| YTD Return | -0.61% | 1.30% |
| 1Y Return | 5.05% | 9.36% |
| 3Y Return (Ann) | 3.24% | 1.01% |
| 5Y Return (Ann) | 20.59% | 2.75% |
| 10Y Return (Ann) | 17.89% | 3.24% |
| Sharpe Ratio | 0.20 | 1.50 |
| Daily Std Dev | 23.37% | 6.21% |
| Max Drawdown | -73.27% | -34.24% |
| Current Drawdown | -10.31% | -0.43% |
Correlation
The correlation between DE and HYG is 0.43, 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
DE vs. HYG - Performance Comparison
In the year-to-date period, DE achieves a -0.61% return, which is significantly lower than HYG's 1.30% return. Over the past 10 years, DE has outperformed HYG with an annualized return of 17.89%, while HYG has yielded a comparatively lower 3.24% annualized 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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Risk-Adjusted Performance
DE vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Deere & Company (DE) 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
DE vs. HYG - Dividend Comparison
DE's dividend yield for the trailing twelve months is around 1.40%, less than HYG's 5.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DE Deere & Company | 1.40% | 1.33% | 1.05% | 1.14% | 1.13% | 1.75% | 1.84% | 1.53% | 2.33% | 3.15% | 2.61% | 2.23% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.96% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
Drawdowns
DE vs. HYG - Drawdown Comparison
The maximum DE drawdown since its inception was -73.27%, which is greater than HYG's maximum drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for DE and HYG. For additional features, visit the drawdowns tool.
Volatility
DE vs. HYG - Volatility Comparison
Deere & Company (DE) has a higher volatility of 6.09% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.87%. This indicates that DE'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.