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.
Key characteristics
| FDHY | HYGV | |
|---|---|---|
| YTD Return | 7.65% | 7.97% |
| 1Y Return | 13.45% | 14.12% |
| 3Y Return (Ann) | 2.25% | 2.46% |
| 5Y Return (Ann) | 4.59% | 4.73% |
| Sharpe Ratio | 2.84 | 3.12 |
| Sortino Ratio | 4.61 | 4.95 |
| Omega Ratio | 1.56 | 1.63 |
| Calmar Ratio | 1.97 | 1.85 |
| Martin Ratio | 23.34 | 23.87 |
| Ulcer Index | 0.57% | 0.59% |
| Daily Std Dev | 4.67% | 4.50% |
| Max Drawdown | -20.01% | -23.47% |
| Current Drawdown | -0.36% | -0.51% |
Correlation
The correlation between FDHY and HYGV is 0.83, 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
The year-to-date returns for both investments are quite close, with FDHY having a 7.65% return and HYGV slightly higher at 7.97%. 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. 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 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 6.42%, less than HYGV's 8.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FDHY Fidelity High Yield Factor ETF | 6.42% | 6.26% | 5.34% | 6.09% | 5.78% | 4.94% | 3.07% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 8.27% | 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
Fidelity High Yield Factor ETF (FDHY) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) have volatilities of 1.10% and 1.13%, 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.