FDHY vs. HYGH
Compare and contrast key facts about Fidelity High Yield Factor ETF (FDHY) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
FDHY and HYGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDHY is an actively managed fund by Fidelity. It was launched on Jun 12, 2018. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDHY or HYGH.
Key characteristics
| FDHY | HYGH | |
|---|---|---|
| YTD Return | 7.65% | 10.38% |
| 1Y Return | 13.45% | 13.82% |
| 3Y Return (Ann) | 2.25% | 7.44% |
| 5Y Return (Ann) | 4.59% | 6.01% |
| Sharpe Ratio | 2.84 | 2.89 |
| Sortino Ratio | 4.61 | 4.01 |
| Omega Ratio | 1.56 | 1.64 |
| Calmar Ratio | 1.97 | 3.59 |
| Martin Ratio | 23.34 | 28.81 |
| Ulcer Index | 0.57% | 0.47% |
| Daily Std Dev | 4.67% | 4.64% |
| Max Drawdown | -20.01% | -23.88% |
| Current Drawdown | -0.36% | -0.31% |
Correlation
The correlation between FDHY and HYGH is 0.70, 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
FDHY vs. HYGH - Performance Comparison
In the year-to-date period, FDHY achieves a 7.65% return, which is significantly lower than HYGH's 10.38% 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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FDHY vs. HYGH - Expense Ratio Comparison
FDHY has a 0.45% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Risk-Adjusted Performance
FDHY vs. HYGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Yield Factor ETF (FDHY) 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.
Dividends
FDHY vs. HYGH - Dividend Comparison
FDHY's dividend yield for the trailing twelve months is around 6.42%, less than HYGH's 8.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FDHY Fidelity High Yield Factor ETF | 6.42% | 6.26% | 5.34% | 6.09% | 5.78% | 4.94% | 3.07% | 0.00% | 0.00% | 0.00% | 0.00% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 8.18% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.59% | 5.74% | 3.62% |
Drawdowns
FDHY vs. HYGH - Drawdown Comparison
The maximum FDHY drawdown since its inception was -20.01%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for FDHY and HYGH. For additional features, visit the drawdowns tool.
Volatility
FDHY vs. HYGH - Volatility Comparison
Fidelity High Yield Factor ETF (FDHY) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH) have volatilities of 1.10% and 1.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.