EURUSD=X vs. HYG
Compare and contrast key facts about EUR/USD (EURUSD=X) 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: EURUSD=X or HYG.
Correlation
The correlation between EURUSD=X and HYG is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EURUSD=X vs. HYG - Performance Comparison
Key characteristics
EURUSD=X:
-0.67
HYG:
1.94
EURUSD=X:
-0.87
HYG:
2.79
EURUSD=X:
0.89
HYG:
1.35
EURUSD=X:
-0.11
HYG:
3.69
EURUSD=X:
-1.37
HYG:
13.41
EURUSD=X:
2.74%
HYG:
0.65%
EURUSD=X:
5.48%
HYG:
4.47%
EURUSD=X:
-57.54%
HYG:
-34.24%
EURUSD=X:
-34.77%
HYG:
-1.14%
Returns By Period
In the year-to-date period, EURUSD=X achieves a -5.50% return, which is significantly lower than HYG's 8.40% return. Over the past 10 years, EURUSD=X has underperformed HYG with an annualized return of -1.46%, while HYG has yielded a comparatively higher 4.04% annualized return.
EURUSD=X
-5.50%
-1.09%
-2.45%
-5.26%
-1.12%
-1.46%
HYG
8.40%
-0.17%
5.65%
8.17%
3.19%
4.04%
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Risk-Adjusted Performance
EURUSD=X vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for EUR/USD (EURUSD=X) 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.
Drawdowns
EURUSD=X vs. HYG - Drawdown Comparison
The maximum EURUSD=X drawdown since its inception was -57.54%, which is greater than HYG's maximum drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for EURUSD=X and HYG. For additional features, visit the drawdowns tool.
Volatility
EURUSD=X vs. HYG - Volatility Comparison
EUR/USD (EURUSD=X) has a higher volatility of 2.12% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.43%. This indicates that EURUSD=X'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.