HG vs. USHY
Compare and contrast key facts about Hamilton Insurance Group Ltd. (HG) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HG or USHY.
Key characteristics
| HG | USHY | |
|---|---|---|
| YTD Return | 19.06% | 8.93% |
| Daily Std Dev | 34.72% | 4.48% |
| Max Drawdown | -21.07% | -22.44% |
| Current Drawdown | -12.57% | 0.00% |
Correlation
The correlation between HG and USHY is 0.14, 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
HG vs. USHY - Performance Comparison
In the year-to-date period, HG achieves a 19.06% return, which is significantly higher than USHY's 8.93% return. 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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Risk-Adjusted Performance
HG vs. USHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Insurance Group Ltd. (HG) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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.
Not enough dataDividends
HG vs. USHY - Dividend Comparison
HG has not paid dividends to shareholders, while USHY's dividend yield for the trailing twelve months is around 6.65%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
HG Hamilton Insurance Group Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.65% | 6.62% | 6.08% | 5.07% | 5.31% | 5.91% | 6.30% | 0.73% |
Drawdowns
HG vs. USHY - Drawdown Comparison
The maximum HG drawdown since its inception was -21.07%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for HG and USHY. For additional features, visit the drawdowns tool.
Volatility
HG vs. USHY - Volatility Comparison
Hamilton Insurance Group Ltd. (HG) has a higher volatility of 8.57% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 0.97%. This indicates that HG's price experiences larger fluctuations and is considered to be riskier than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.