GHYG vs. ESHY
Compare and contrast key facts about iShares US & Intl High Yield Corp Bond ETF (GHYG) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY).
GHYG and ESHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx Global Developed Markets High Yield Index. It was launched on Apr 3, 2012. ESHY is a passively managed fund by Deutsche Bank that tracks the performance of the JPMorgan ESG DM Corporate High Yield USD Index. It was launched on Mar 3, 2015. Both GHYG and ESHY 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: GHYG or ESHY.
Key characteristics
| GHYG | ESHY |
|---|
Correlation
The correlation between GHYG and ESHY is 0.45, 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
GHYG vs. ESHY - Performance Comparison
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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GHYG vs. ESHY - Expense Ratio Comparison
GHYG has a 0.40% expense ratio, which is higher than ESHY's 0.20% expense ratio.
Risk-Adjusted Performance
GHYG vs. ESHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US & Intl High Yield Corp Bond ETF (GHYG) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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
GHYG vs. ESHY - Dividend Comparison
GHYG's dividend yield for the trailing twelve months is around 5.84%, while ESHY has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHYG iShares US & Intl High Yield Corp Bond ETF | 5.84% | 5.61% | 4.64% | 4.57% | 4.36% | 4.61% | 5.62% | 4.60% | 4.61% | 4.78% | 5.73% | 5.52% |
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF | 2.39% | 7.07% | 6.39% | 5.31% | 5.88% | 5.85% | 7.55% | 5.68% | 5.31% | 5.25% | 0.00% | 0.00% |
Drawdowns
GHYG vs. ESHY - Drawdown Comparison
Volatility
GHYG vs. ESHY - Volatility Comparison
iShares US & Intl High Yield Corp Bond ETF (GHYG) has a higher volatility of 1.36% compared to Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY) at 0.00%. This indicates that GHYG's price experiences larger fluctuations and is considered to be riskier than ESHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.