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 0.11%/yr vs 4.99%/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 -12.72% return, which is significantly lower than HYG's 1.54% return. Over the past 10 years, GPN has underperformed HYG with an annualized return of 0.11%, while HYG has yielded a comparatively higher 4.99% annualized return.
GPN
- 1D
- 4.36%
- 1M
- -8.08%
- YTD
- -12.72%
- 6M
- -16.79%
- 1Y
- -13.95%
- 3Y*
- -11.18%
- 5Y*
- -18.19%
- 10Y*
- 0.11%
HYG
- 1D
- -0.03%
- 1M
- 0.44%
- YTD
- 1.54%
- 6M
- 1.53%
- 1Y
- 5.62%
- 3Y*
- 8.74%
- 5Y*
- 3.66%
- 10Y*
- 4.99%
GPN vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GPN Global Payments Inc. | -12.72% | -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 | 1.54% | 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 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
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 11, 2007 | 0.45 |
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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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GPN | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.28 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 2.41 | -2.88 |
| Martin ratioReturn relative to average drawdown | -0.90 | 10.57 | -11.48 |
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Drawdowns
GPN vs. HYG - Drawdown Comparison
The maximum GPN drawdown since its inception was -70.17%, 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 | -70.17% | -34.25% | -35.92% |
Max Drawdown (1Y)Largest decline over 1 year | -29.95% | -2.34% | -27.61% |
Max Drawdown (3Y)Largest decline over 3 years | -53.95% | -4.56% | -49.39% |
Max Drawdown (5Y)Largest decline over 5 years | -66.52% | -15.79% | -50.73% |
Max Drawdown (10Y)Largest decline over 10 years | -70.17% | -22.03% | -48.14% |
Current DrawdownCurrent decline from peak | -67.84% | -0.24% | -67.60% |
Average DrawdownAverage peak-to-trough decline | -18.96% | -3.23% | -15.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.50% | 0.53% | +14.97% |
Volatility
GPN vs. HYG - Volatility Comparison
Global Payments Inc. (GPN) has a higher volatility of 13.57% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.13%. 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 | 13.57% | 1.13% | +12.44% |
Volatility (6M)Calculated over the trailing 6-month period | 31.10% | 3.11% | +27.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.73% | 3.88% | +35.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.75% | 7.54% | +29.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.53% | 8.27% | +26.26% |
Dividends
GPN vs. HYG - Dividend Comparison
GPN's dividend yield for the trailing twelve months is around 1.49%, less than HYG's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPN Global Payments Inc. | 1.49% | 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 | 5.91% | 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 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GPN has higher volatility (13.57%) compared to HYG (1.13%). In terms of maximum drawdown, GPN dropped -70.17% vs HYG's -34.25%.
HYG currently has the higher Sharpe Ratio (1.46 vs -0.35), 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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