E vs. HYG
Compare and contrast key facts about Eni S.p.A. (E) 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: E or HYG.
Key characteristics
| E | HYG | |
|---|---|---|
| YTD Return | -1.96% | 0.58% |
| 1Y Return | 16.94% | 8.39% |
| 3Y Return (Ann) | 18.22% | 0.87% |
| 5Y Return (Ann) | 6.20% | 2.59% |
| 10Y Return (Ann) | 1.68% | 3.18% |
| Sharpe Ratio | 0.80 | 1.42 |
| Daily Std Dev | 20.14% | 6.15% |
| Max Drawdown | -66.25% | -34.24% |
| Current Drawdown | -2.81% | -1.14% |
Correlation
The correlation between E and HYG is 0.47, 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
E vs. HYG - Performance Comparison
In the year-to-date period, E achieves a -1.96% return, which is significantly lower than HYG's 0.58% return. Over the past 10 years, E has underperformed HYG with an annualized return of 1.68%, while HYG has yielded a comparatively higher 3.18% 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
E vs. HYG - Risk-Adjusted Performance 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.
Dividends
E vs. HYG - Dividend Comparison
E's dividend yield for the trailing twelve months is around 6.10%, more than HYG's 5.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
E Eni S.p.A. | 6.10% | 5.74% | 6.39% | 5.80% | 5.99% | 6.11% | 5.15% | 5.38% | 5.55% | 7.13% | 8.58% | 5.96% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.88% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
Drawdowns
E vs. HYG - Drawdown Comparison
The maximum E drawdown since its inception was -66.25%, which is greater than HYG's maximum drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for E and HYG. For additional features, visit the drawdowns tool.
Volatility
E vs. HYG - Volatility Comparison
Eni S.p.A. (E) has a higher volatility of 5.15% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.54%. 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.