EFAA vs. HYGH
Compare and contrast key facts about Invesco MSCI EAFE Income Advantage ETF (EFAA) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
EFAA and HYGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EFAA is an actively managed fund by Invesco. It was launched on Jul 17, 2024. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Performance
EFAA vs. HYGH - Performance Comparison
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EFAA vs. HYGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EFAA Invesco MSCI EAFE Income Advantage ETF | 0.52% | 25.80% | -3.30% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 0.64% | 6.94% | 5.02% |
Returns By Period
In the year-to-date period, EFAA achieves a 0.52% return, which is significantly lower than HYGH's 0.64% return.
EFAA
- 1D
- 0.87%
- 1M
- -4.14%
- YTD
- 0.52%
- 6M
- 4.57%
- 1Y
- 18.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYGH
- 1D
- 0.28%
- 1M
- 0.25%
- YTD
- 0.64%
- 6M
- 2.16%
- 1Y
- 7.68%
- 3Y*
- 9.43%
- 5Y*
- 6.55%
- 10Y*
- 6.47%
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EFAA vs. HYGH - Expense Ratio Comparison
EFAA has a 0.39% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Return for Risk
EFAA vs. HYGH — Risk / Return Rank
EFAA
HYGH
EFAA vs. HYGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI EAFE Income Advantage ETF (EFAA) 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.
| EFAA | HYGH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 1.08 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.39 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.18 | +0.67 |
Martin ratioReturn relative to average drawdown | 7.36 | 8.73 | -1.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EFAA | HYGH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.08 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.54 | +0.44 |
Correlation
The correlation between EFAA and HYGH is 0.45, 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.
Dividends
EFAA vs. HYGH - Dividend Comparison
EFAA's dividend yield for the trailing twelve months is around 8.29%, more than HYGH's 6.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFAA Invesco MSCI EAFE Income Advantage ETF | 8.29% | 7.94% | 3.29% | 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 | 6.77% | 6.86% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% |
Drawdowns
EFAA vs. HYGH - Drawdown Comparison
The maximum EFAA drawdown since its inception was -11.97%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for EFAA and HYGH.
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Drawdown Indicators
| EFAA | HYGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -23.88% | +11.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -6.61% | -3.53% |
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 | -6.06% | -0.38% | -5.68% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -2.26% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 0.90% | +1.65% |
Volatility
EFAA vs. HYGH - Volatility Comparison
Invesco MSCI EAFE Income Advantage ETF (EFAA) has a higher volatility of 6.44% compared to iShares Interest Rate Hedged High Yield Bond ETF (HYGH) at 1.85%. This indicates that EFAA's price experiences larger fluctuations and is considered to be riskier than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFAA | HYGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 1.85% | +4.59% |
Volatility (6M)Calculated over the trailing 6-month period | 9.04% | 2.97% | +6.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.10% | 7.11% | +6.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.91% | 7.06% | +5.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.91% | 8.39% | +4.52% |