E vs. HYG
E (Eni S.p.A.) is a stock, while HYG (iShares iBoxx $ High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Index. Over the past 10 years, E returned 12.67%/yr vs 4.64%/yr for HYG. Their 0.44 correlation means their historical movements had little consistent relationship.
Performance
E vs. HYG - Performance Comparison
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Returns By Period
In the year-to-date period, E achieves a 46.96% return, which is significantly higher than HYG's 1.81% return. Over the past 10 years, E has outperformed HYG with an annualized return of 12.67%, while HYG has yielded a comparatively lower 4.64% annualized return.
E
- 1D
- -1.91%
- 1M
- 16.28%
- 6M
- 36.66%
- YTD
- 46.96%
- 1Y
- 69.58%
- 3Y*
- 29.83%
- 5Y*
- 26.16%
- 10Y*
- 12.67%
- ALL TIME*
- 9.32%
HYG
- 1D
- 0.27%
- 1M
- -0.02%
- 6M
- 1.13%
- YTD
- 1.81%
- 1Y
- 5.12%
- 3Y*
- 8.25%
- 5Y*
- 3.73%
- 10Y*
- 4.64%
- ALL TIME*
- 4.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.64M | $20.95M | $21.73M | |
| $2.88B | $2.52B | $2.69B |
E vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
E Eni S.p.A. | 46.96% | 48.40% | -13.95% | 26.73% | 10.92% | 43.12% | -28.73% | 4.29% | -0.98% | 7.27% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.81% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -2.02% | 6.07% |
Correlation
The correlation between E and HYG is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2007 | 0.44 |
The correlation between E and HYG shifts across timeframes, from -0.01 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
E vs. HYG — Risk / Return Rank
E
HYG
E vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eni S.p.A. (E) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| E | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.25 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 2.20 | +1.30 |
| Martin ratioReturn relative to average drawdown | 12.05 | 9.47 | +2.58 |
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Drawdowns
E vs. HYG - Drawdown Comparison
The maximum E drawdown since its inception was -70.53%, which is greater than HYG's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for E and HYG.
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Drawdown Indicators
| E | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.53% | -34.25% | -36.28% |
Max Drawdown (1Y)Largest decline over 1 year | -20.00% | -2.34% | -17.66% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -4.56% | -15.57% |
Max Drawdown (5Y)Largest decline over 5 years | -33.71% | -15.79% | -17.92% |
Max Drawdown (10Y)Largest decline over 10 years | -61.59% | -22.03% | -39.56% |
Current DrawdownCurrent decline from peak | -4.33% | -0.22% | -4.11% |
Average DrawdownAverage peak-to-trough decline | -23.02% | -3.22% | -19.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.79% | 0.54% | +5.25% |
Volatility
E vs. HYG - Volatility Comparison
Eni S.p.A. (E) has a higher volatility of 10.84% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 0.83%. This indicates that E'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.
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Volatility by Period
| E | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | 0.83% | +10.01% |
Volatility (6M)Calculated over the trailing 6-month period | 21.90% | 3.17% | +18.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.80% | 3.87% | +21.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.38% | 7.53% | +17.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.19% | 8.21% | +19.98% |
Dividends
E vs. HYG - Dividend Comparison
E's dividend yield for the trailing twelve months is around 4.42%, less than HYG's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
E Eni S.p.A. | 4.42% | 5.88% | 7.69% | 5.74% | 6.38% | 5.79% | 5.91% | 6.11% | 5.15% | 3.96% | 3.98% | 5.14% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.91% | 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
E and HYG have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
E has higher volatility (10.84%) compared to HYG (0.83%). In terms of maximum drawdown, E dropped -70.53% vs HYG's -34.25%.
E currently has the higher Sharpe Ratio (2.72 vs 1.33), 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.
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