HKIT vs. HYG
Compare and contrast key facts about Hitek Global Inc. Ordinary Share (HKIT) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HKIT or HYG.
Correlation
The correlation between HKIT and HYG is 0.05, 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
HKIT vs. HYG - Performance Comparison
Key characteristics
HKIT:
-0.40
HYG:
2.52
HKIT:
-0.04
HYG:
3.69
HKIT:
1.00
HYG:
1.47
HKIT:
-0.44
HYG:
4.52
HKIT:
-0.73
HYG:
17.52
HKIT:
58.43%
HYG:
0.61%
HKIT:
107.04%
HYG:
4.22%
HKIT:
-98.33%
HYG:
-34.24%
HKIT:
-96.09%
HYG:
0.00%
Returns By Period
In the year-to-date period, HKIT achieves a -6.99% return, which is significantly lower than HYG's 1.87% return.
HKIT
-6.99%
-5.67%
-5.00%
-62.54%
N/A
N/A
HYG
1.87%
0.83%
4.14%
10.13%
3.29%
4.01%
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Risk-Adjusted Performance
HKIT vs. HYG — Risk-Adjusted Performance Rank
HKIT
HYG
HKIT vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hitek Global Inc. Ordinary Share (HKIT) 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.
Dividends
HKIT vs. HYG - Dividend Comparison
HKIT has not paid dividends to shareholders, while HYG's dividend yield for the trailing twelve months is around 5.89%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HKIT Hitek Global Inc. Ordinary Share | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.89% | 6.01% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
Drawdowns
HKIT vs. HYG - Drawdown Comparison
The maximum HKIT drawdown since its inception was -98.33%, which is greater than HYG's maximum drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for HKIT and HYG. For additional features, visit the drawdowns tool.
Volatility
HKIT vs. HYG - Volatility Comparison
Hitek Global Inc. Ordinary Share (HKIT) has a higher volatility of 19.23% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 0.91%. This indicates that HKIT'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.