GOLY vs. HYG
Compare and contrast key facts about Strategy Shares Gold-Hedged Bond ETF (GOLY) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
GOLY and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOLY is a passively managed fund by Strategy Shares that tracks the performance of the Solactive Gold-Backed Bond Index. It was launched on May 17, 2021. 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 GOLY 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: GOLY or HYG.
Correlation
The correlation between GOLY and HYG is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GOLY vs. HYG - Performance Comparison
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Key characteristics
GOLY:
1.48
HYG:
1.65
GOLY:
2.25
HYG:
2.42
GOLY:
1.28
HYG:
1.35
GOLY:
3.39
HYG:
2.03
GOLY:
9.22
HYG:
10.73
GOLY:
3.55%
HYG:
0.86%
GOLY:
20.35%
HYG:
5.73%
GOLY:
-35.99%
HYG:
-34.24%
GOLY:
-5.74%
HYG:
0.00%
Returns By Period
In the year-to-date period, GOLY achieves a 18.24% return, which is significantly higher than HYG's 2.82% return.
GOLY
18.24%
1.05%
15.86%
29.84%
N/A
N/A
HYG
2.82%
3.91%
2.44%
9.40%
5.54%
3.99%
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GOLY vs. HYG - Expense Ratio Comparison
GOLY has a 0.79% expense ratio, which is higher than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
GOLY vs. HYG — Risk-Adjusted Performance Rank
GOLY
HYG
GOLY vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GOLY) 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.
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Dividends
GOLY vs. HYG - Dividend Comparison
GOLY's dividend yield for the trailing twelve months is around 3.96%, less than HYG's 5.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | 3.96% | 3.84% | 2.94% | 2.58% | 1.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.83% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
Drawdowns
GOLY vs. HYG - Drawdown Comparison
The maximum GOLY drawdown since its inception was -35.99%, which is greater than HYG's maximum drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for GOLY and HYG. For additional features, visit the drawdowns tool.
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Volatility
GOLY vs. HYG - Volatility Comparison
Strategy Shares Gold-Hedged Bond ETF (GOLY) has a higher volatility of 9.08% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.76%. This indicates that GOLY'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.
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