GPN vs. HYG
GPN (Global Payments Inc.) is a stock, while HYG (iShares iBoxx $ High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Index. Over the past 10 years, GPN returned -0.61%/yr vs 4.94%/yr for HYG. At a 0.45 correlation, their price movements are largely independent.
Performance
GPN vs. HYG - Performance Comparison
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Returns By Period
In the year-to-date period, GPN achieves a -12.05% return, which is significantly lower than HYG's 1.32% return. Over the past 10 years, GPN has underperformed HYG with an annualized return of -0.61%, while HYG has yielded a comparatively higher 4.94% annualized return.
GPN
- 1D
- -8.35%
- 1M
- -5.50%
- YTD
- -12.05%
- 6M
- -14.61%
- 1Y
- -9.35%
- 3Y*
- -11.34%
- 5Y*
- -18.22%
- 10Y*
- -0.61%
HYG
- 1D
- -0.28%
- 1M
- 0.36%
- YTD
- 1.32%
- 6M
- 1.73%
- 1Y
- 6.51%
- 3Y*
- 8.48%
- 5Y*
- 3.77%
- 10Y*
- 4.94%
GPN vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GPN Global Payments Inc. | -12.05% | -30.11% | -10.97% | 29.02% | -25.91% | -36.91% | 18.51% | 77.25% | 2.92% | 44.49% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.32% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -2.02% | 6.07% |
Correlation
The correlation between GPN and HYG is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2007 | 0.45 |
The correlation between GPN and HYG shifts across timeframes, from 0.39 (3 years) to 0.49 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
GPN vs. HYG — Risk / Return Rank
GPN
HYG
GPN vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global Payments Inc. (GPN) 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.
| GPN | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.33 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 2.79 | -3.11 |
| Martin ratioReturn relative to average drawdown | -0.66 | 12.34 | -12.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GPN | HYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.24 | 1.72 | -1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | 0.50 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | 0.60 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.46 | -0.08 |
Drawdowns
GPN vs. HYG - Drawdown Comparison
The maximum GPN drawdown since its inception was -70.06%, which is greater than HYG's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for GPN and HYG.
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Drawdown Indicators
| GPN | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.06% | -34.25% | -35.81% |
Max Drawdown (1Y)Largest decline over 1 year | -29.70% | -2.34% | -27.36% |
Max Drawdown (3Y)Largest decline over 3 years | -53.78% | -4.56% | -49.22% |
Max Drawdown (5Y)Largest decline over 5 years | -66.40% | -15.79% | -50.61% |
Max Drawdown (10Y)Largest decline over 10 years | -70.06% | -22.03% | -48.03% |
Current DrawdownCurrent decline from peak | -67.60% | -0.28% | -67.32% |
Average DrawdownAverage peak-to-trough decline | -18.85% | -3.24% | -15.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.27% | 0.53% | +13.74% |
Volatility
GPN vs. HYG - Volatility Comparison
Global Payments Inc. (GPN) has a higher volatility of 11.70% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.21%. This indicates that GPN'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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Volatility by Period
| GPN | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.70% | 1.21% | +10.49% |
Volatility (6M)Calculated over the trailing 6-month period | 30.17% | 3.01% | +27.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.17% | 3.81% | +35.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.51% | 7.53% | +28.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.49% | 8.29% | +26.20% |
Dividends
GPN vs. HYG - Dividend Comparison
GPN's dividend yield for the trailing twelve months is around 1.47%, less than HYG's 5.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPN Global Payments Inc. | 1.47% | 1.29% | 0.89% | 0.79% | 1.01% | 0.66% | 0.36% | 0.12% | 0.04% | 0.04% | 0.06% | 0.06% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.92% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
Frequently Asked Questions
GPN and HYG have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GPN has higher volatility (11.70%) compared to HYG (1.21%). In terms of maximum drawdown, GPN dropped -70.06% vs HYG's -34.25%.
HYG currently has the higher Sharpe Ratio (1.72 vs -0.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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