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FALN vs. HYG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FALN and HYG is 0.63, 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.


-0.50.00.51.0
Correlation: 0.6

Performance

FALN vs. HYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Fallen Angels USD Bond ETF (FALN) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). The values are adjusted to include any dividend payments, if applicable.

40.00%50.00%60.00%70.00%80.00%NovemberDecember2025FebruaryMarchApril
71.33%
50.18%
FALN
HYG

Key characteristics

Sharpe Ratio

FALN:

1.04

HYG:

1.55

Sortino Ratio

FALN:

1.48

HYG:

2.30

Omega Ratio

FALN:

1.23

HYG:

1.33

Calmar Ratio

FALN:

1.18

HYG:

1.95

Martin Ratio

FALN:

6.16

HYG:

10.43

Ulcer Index

FALN:

1.14%

HYG:

0.85%

Daily Std Dev

FALN:

6.74%

HYG:

5.74%

Max Drawdown

FALN:

-29.22%

HYG:

-34.24%

Current Drawdown

FALN:

-1.79%

HYG:

-0.75%

Returns By Period

In the year-to-date period, FALN achieves a 0.32% return, which is significantly lower than HYG's 1.57% return.


FALN

YTD

0.32%

1M

-1.30%

6M

0.74%

1Y

7.25%

5Y*

7.16%

10Y*

N/A

HYG

YTD

1.57%

1M

0.08%

6M

2.26%

1Y

9.38%

5Y*

5.52%

10Y*

3.88%

*Annualized

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FALN vs. HYG - Expense Ratio Comparison

FALN has a 0.25% expense ratio, which is lower than HYG's 0.49% expense ratio.


Expense ratio chart for HYG: current value is 0.49%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HYG: 0.49%
Expense ratio chart for FALN: current value is 0.25%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FALN: 0.25%

Risk-Adjusted Performance

FALN vs. HYG — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FALN
The Risk-Adjusted Performance Rank of FALN is 8383
Overall Rank
The Sharpe Ratio Rank of FALN is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of FALN is 8080
Sortino Ratio Rank
The Omega Ratio Rank of FALN is 8383
Omega Ratio Rank
The Calmar Ratio Rank of FALN is 8585
Calmar Ratio Rank
The Martin Ratio Rank of FALN is 8787
Martin Ratio Rank

HYG
The Risk-Adjusted Performance Rank of HYG is 9292
Overall Rank
The Sharpe Ratio Rank of HYG is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of HYG is 9191
Sortino Ratio Rank
The Omega Ratio Rank of HYG is 9191
Omega Ratio Rank
The Calmar Ratio Rank of HYG is 9393
Calmar Ratio Rank
The Martin Ratio Rank of HYG is 9393
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FALN vs. HYG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels USD Bond ETF (FALN) 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.


The chart of Sharpe ratio for FALN, currently valued at 1.04, compared to the broader market-1.000.001.002.003.004.00
FALN: 1.04
HYG: 1.55
The chart of Sortino ratio for FALN, currently valued at 1.48, compared to the broader market-2.000.002.004.006.008.00
FALN: 1.48
HYG: 2.30
The chart of Omega ratio for FALN, currently valued at 1.23, compared to the broader market0.501.001.502.002.50
FALN: 1.23
HYG: 1.33
The chart of Calmar ratio for FALN, currently valued at 1.18, compared to the broader market0.002.004.006.008.0010.0012.00
FALN: 1.18
HYG: 1.95
The chart of Martin ratio for FALN, currently valued at 6.16, compared to the broader market0.0020.0040.0060.00
FALN: 6.16
HYG: 10.43

The current FALN Sharpe Ratio is 1.04, which is lower than the HYG Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of FALN and HYG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
1.04
1.55
FALN
HYG

Dividends

FALN vs. HYG - Dividend Comparison

FALN's dividend yield for the trailing twelve months is around 6.30%, more than HYG's 5.87% yield.


TTM20242023202220212020201920182017201620152014
FALN
iShares Fallen Angels USD Bond ETF
6.30%6.24%5.37%5.08%3.40%5.14%5.35%5.97%6.98%3.55%0.00%0.00%
HYG
iShares iBoxx $ High Yield Corporate Bond ETF
5.87%6.01%5.74%5.30%4.02%4.88%4.99%5.54%5.12%5.27%5.90%5.69%

Drawdowns

FALN vs. HYG - Drawdown Comparison

The maximum FALN drawdown since its inception was -29.22%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for FALN and HYG. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.79%
-0.75%
FALN
HYG

Volatility

FALN vs. HYG - Volatility Comparison

iShares Fallen Angels USD Bond ETF (FALN) has a higher volatility of 5.26% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 4.20%. This indicates that FALN'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.


1.00%2.00%3.00%4.00%5.00%NovemberDecember2025FebruaryMarchApril
5.26%
4.20%
FALN
HYG