FXED vs. HYG
Compare and contrast key facts about Sound Enhanced Fixed Income ETF (FXED) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
FXED and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXED is an actively managed fund by Sound Income Strategies. It was launched on Dec 30, 2020. 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.
Performance
FXED vs. HYG - Performance Comparison
Loading graphics...
FXED vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FXED Sound Enhanced Fixed Income ETF | -2.60% | 5.77% | 5.18% | 15.09% | -14.68% | 9.75% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | -0.35% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% |
Returns By Period
In the year-to-date period, FXED achieves a -2.60% return, which is significantly lower than HYG's -0.35% return.
FXED
- 1D
- 0.67%
- 1M
- -1.93%
- YTD
- -2.60%
- 6M
- -2.71%
- 1Y
- 1.72%
- 3Y*
- 6.24%
- 5Y*
- 2.61%
- 10Y*
- —
HYG
- 1D
- 0.95%
- 1M
- -0.95%
- YTD
- -0.35%
- 6M
- 0.87%
- 1Y
- 6.89%
- 3Y*
- 7.90%
- 5Y*
- 3.61%
- 10Y*
- 5.13%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FXED vs. HYG - Expense Ratio Comparison
FXED has a 2.33% expense ratio, which is higher than HYG's 0.49% expense ratio.
Return for Risk
FXED vs. HYG — Risk / Return Rank
FXED
HYG
FXED vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sound Enhanced Fixed Income ETF (FXED) 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.
| FXED | HYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.20 | 1.24 | -1.05 |
Sortino ratioReturn per unit of downside risk | 0.33 | 1.87 | -1.53 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.29 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 0.29 | 1.78 | -1.50 |
Martin ratioReturn relative to average drawdown | 0.88 | 9.42 | -8.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FXED | HYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 1.24 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.48 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.45 | -0.10 |
Correlation
The correlation between FXED and HYG is 0.53, 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.
Dividends
FXED vs. HYG - Dividend Comparison
FXED's dividend yield for the trailing twelve months is around 7.24%, more than HYG's 5.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXED Sound Enhanced Fixed Income ETF | 7.24% | 6.96% | 6.70% | 5.65% | 5.94% | 4.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.86% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
Drawdowns
FXED vs. HYG - Drawdown Comparison
The maximum FXED drawdown since its inception was -19.70%, smaller than the maximum HYG drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for FXED and HYG.
Loading graphics...
Drawdown Indicators
| FXED | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -34.25% | +14.55% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -3.93% | -2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -19.70% | -15.79% | -3.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.03% | — |
Current DrawdownCurrent decline from peak | -4.41% | -1.30% | -3.11% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -3.27% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 0.74% | +1.40% |
Volatility
FXED vs. HYG - Volatility Comparison
Sound Enhanced Fixed Income ETF (FXED) has a higher volatility of 2.64% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 2.28%. This indicates that FXED'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.
Loading graphics...
Volatility by Period
| FXED | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 2.28% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 5.08% | 2.92% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.73% | 5.56% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.73% | 7.51% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.63% | 8.31% | +0.32% |