HBDC vs. USIG
HBDC (Hilton BDC Corporate Bond ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. HBDC is actively managed, while USIG is passively managed. At a 0.48 correlation, their price movements are largely independent. HBDC charges 0.39%/yr vs 0.04%/yr for USIG.
Performance
HBDC vs. USIG - Performance Comparison
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Returns By Period
In the year-to-date period, HBDC achieves a -0.04% return, which is significantly lower than USIG's 0.22% return.
HBDC
- 1D
- -0.14%
- 1M
- 0.27%
- YTD
- -0.04%
- 6M
- 0.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USIG
- 1D
- -0.51%
- 1M
- -0.44%
- YTD
- 0.22%
- 6M
- 0.29%
- 1Y
- 5.36%
- 3Y*
- 5.35%
- 5Y*
- 0.65%
- 10Y*
- 2.58%
HBDC vs. USIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBDC Hilton BDC Corporate Bond ETF | -0.04% | 2.66% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.22% | 4.87% |
Correlation
The correlation between HBDC and USIG is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025 | 0.48 |
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Return for Risk
HBDC vs. USIG — Risk / Return Rank
HBDC
USIG
HBDC vs. USIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hilton BDC Corporate Bond ETF (HBDC) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| HBDC | USIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.31 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.10 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.53 | +0.36 |
Drawdowns
HBDC vs. USIG - Drawdown Comparison
The maximum HBDC drawdown since its inception was -2.96%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for HBDC and USIG.
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Drawdown Indicators
| HBDC | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.96% | -22.21% | +19.25% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.79% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -0.67% | -1.30% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -3.42% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.86% | — |
Volatility
HBDC vs. USIG - Volatility Comparison
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Volatility by Period
| HBDC | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.98% | 4.12% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.98% | 6.82% | -3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.98% | 6.83% | -3.85% |
HBDC vs. USIG - Expense Ratio Comparison
HBDC has a 0.39% expense ratio, which is higher than USIG's 0.04% expense ratio.
Dividends
HBDC vs. USIG - Dividend Comparison
HBDC's dividend yield for the trailing twelve months is around 4.53%, less than USIG's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBDC Hilton BDC Corporate Bond ETF | 4.53% | 2.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.76% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Frequently Asked Questions
HBDC and USIG have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USIG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USIG is cheaper with a 0.04% expense ratio, compared with 0.39% for HBDC.
USIG has the higher dividend yield at 4.76%, compared with 4.53% for HBDC.
They also come from different issuers: Hilton and iShares. Their fees differ too: 0.39% for HBDC and 0.04% for USIG.
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