FGD vs. HYG
Compare and contrast key facts about First Trust Dow Jones Global Select Dividend Index Fund (FGD) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
FGD and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FGD is a passively managed fund by First Trust that tracks the performance of the Dow Jones Global Select Dividend Index. It was launched on Nov 21, 2007. 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. Both FGD and HYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGD or HYG.
Correlation
The correlation between FGD and HYG is 0.60, 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
FGD vs. HYG - Performance Comparison
Key characteristics
FGD:
1.03
HYG:
2.33
FGD:
1.44
HYG:
3.41
FGD:
1.18
HYG:
1.44
FGD:
1.37
HYG:
4.15
FGD:
3.46
HYG:
16.10
FGD:
3.56%
HYG:
0.61%
FGD:
12.01%
HYG:
4.19%
FGD:
-68.05%
HYG:
-34.24%
FGD:
-2.72%
HYG:
-0.19%
Returns By Period
In the year-to-date period, FGD achieves a 5.49% return, which is significantly higher than HYG's 1.73% return. Over the past 10 years, FGD has outperformed HYG with an annualized return of 4.41%, while HYG has yielded a comparatively lower 3.95% annualized return.
FGD
5.49%
3.90%
-0.02%
11.36%
5.33%
4.41%
HYG
1.73%
0.57%
3.26%
9.43%
3.23%
3.95%
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FGD vs. HYG - Expense Ratio Comparison
FGD has a 0.59% expense ratio, which is higher than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
FGD vs. HYG — Risk-Adjusted Performance Rank
FGD
HYG
FGD vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Global Select Dividend Index Fund (FGD) 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.
Dividends
FGD vs. HYG - Dividend Comparison
FGD's dividend yield for the trailing twelve months is around 5.56%, less than HYG's 6.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGD First Trust Dow Jones Global Select Dividend Index Fund | 5.56% | 5.87% | 6.44% | 5.74% | 5.34% | 6.17% | 5.19% | 5.87% | 4.02% | 4.36% | 5.06% | 5.18% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 6.38% | 6.49% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
Drawdowns
FGD vs. HYG - Drawdown Comparison
The maximum FGD drawdown since its inception was -68.05%, which is greater than HYG's maximum drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for FGD and HYG. For additional features, visit the drawdowns tool.
Volatility
FGD vs. HYG - Volatility Comparison
First Trust Dow Jones Global Select Dividend Index Fund (FGD) has a higher volatility of 2.85% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 0.90%. This indicates that FGD'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.