FDHY vs. HYGV
Compare and contrast key facts about Fidelity High Yield Factor ETF (FDHY) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV).
FDHY and HYGV 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. HYGV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust High Yield Value-Scored US Corporate Bond Index. It was launched on Jul 17, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDHY or HYGV.
Correlation
The correlation between FDHY and HYGV is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FDHY vs. HYGV - Performance Comparison
Key characteristics
FDHY:
2.08
HYGV:
2.22
FDHY:
3.08
HYGV:
3.22
FDHY:
1.38
HYGV:
1.42
FDHY:
4.48
HYGV:
3.58
FDHY:
14.24
HYGV:
15.61
FDHY:
0.62%
HYGV:
0.61%
FDHY:
4.27%
HYGV:
4.28%
FDHY:
-20.01%
HYGV:
-23.47%
FDHY:
-0.43%
HYGV:
-0.11%
Returns By Period
In the year-to-date period, FDHY achieves a 0.83% return, which is significantly lower than HYGV's 0.88% return.
FDHY
0.83%
1.45%
3.84%
8.71%
4.18%
N/A
HYGV
0.88%
1.58%
4.79%
9.04%
4.12%
N/A
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FDHY vs. HYGV - Expense Ratio Comparison
FDHY has a 0.45% expense ratio, which is higher than HYGV's 0.37% expense ratio.
Risk-Adjusted Performance
FDHY vs. HYGV — Risk-Adjusted Performance Rank
FDHY
HYGV
FDHY vs. HYGV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Yield Factor ETF (FDHY) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV). 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. HYGV - Dividend Comparison
FDHY's dividend yield for the trailing twelve months is around 6.53%, less than HYGV's 8.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
FDHY Fidelity High Yield Factor ETF | 6.53% | 6.58% | 6.26% | 5.34% | 6.09% | 5.78% | 4.94% | 3.07% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 8.13% | 8.20% | 8.77% | 7.64% | 7.15% | 6.18% | 7.95% | 5.63% |
Drawdowns
FDHY vs. HYGV - Drawdown Comparison
The maximum FDHY drawdown since its inception was -20.01%, smaller than the maximum HYGV drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for FDHY and HYGV. For additional features, visit the drawdowns tool.
Volatility
FDHY vs. HYGV - Volatility Comparison
The current volatility for Fidelity High Yield Factor ETF (FDHY) is 1.53%, while FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) has a volatility of 1.86%. This indicates that FDHY experiences smaller price fluctuations and is considered to be less risky than HYGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.