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:
0.35
HYG:
1.24
EURUSD=X:
0.59
HYG:
1.69
EURUSD=X:
1.07
HYG:
1.23
EURUSD=X:
0.07
HYG:
1.76
EURUSD=X:
0.58
HYG:
9.24
EURUSD=X:
4.21%
HYG:
0.63%
EURUSD=X:
6.86%
HYG:
4.67%
EURUSD=X:
-39.99%
HYG:
-34.24%
EURUSD=X:
-31.48%
HYG:
-3.29%
Returns By Period
In the year-to-date period, EURUSD=X achieves a 5.80% return, which is significantly higher than HYG's -1.02% return. Over the past 10 years, EURUSD=X has underperformed HYG with an annualized return of 0.12%, while HYG has yielded a comparatively higher 3.62% annualized return.
EURUSD=X
5.80%
1.52%
-0.20%
1.09%
0.26%
0.12%
HYG
-1.02%
-3.12%
-0.75%
5.88%
6.31%
3.62%
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Risk-Adjusted Performance
EURUSD=X vs. HYG — Risk-Adjusted Performance Rank
EURUSD=X
HYG
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 -39.99%, 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 2.44% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 2.27%. 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.