HKIT vs. HYG
HKIT (Hitek Global Inc. Ordinary Share) 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 year, HKIT returned -99.93% vs 5.35% for HYG. At a 0.06 correlation, their price movements are largely independent.
Performance
HKIT vs. HYG - Performance Comparison
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Returns By Period
In the year-to-date period, HKIT achieves a -99.95% return, which is significantly lower than HYG's 1.59% return.
HKIT
- 1D
- -4.85%
- 1M
- -68.80%
- 6M
- -99.95%
- YTD
- -99.95%
- 1Y
- -99.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYG
- 1D
- -0.24%
- 1M
- -0.06%
- 6M
- 1.07%
- YTD
- 1.59%
- 1Y
- 5.35%
- 3Y*
- 8.13%
- 5Y*
- 3.62%
- 10Y*
- 4.65%
HKIT vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HKIT Hitek Global Inc. Ordinary Share | -99.95% | 55.94% | -25.13% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.59% | 8.59% | 7.71% |
Correlation
The correlation between HKIT and HYG is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024 | 0.06 |
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Return for Risk
HKIT vs. HYG — Risk / Return Rank
HKIT
HYG
HKIT vs. HYG - Risk-Adjusted Trends 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.
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.
| HKIT | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -4.42 | ||
| Omega ratioGain probability vs. loss probability | 0.65 | 1.27 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 2.30 | -3.30 |
| Martin ratioReturn relative to average drawdown | -1.54 | 10.14 | -11.68 |
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Drawdowns
HKIT vs. HYG - Drawdown Comparison
The maximum HKIT drawdown since its inception was -99.97%, which is greater than HYG's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for HKIT and HYG.
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Drawdown Indicators
| HKIT | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -34.25% | -65.72% |
Max Drawdown (1Y)Largest decline over 1 year | -99.97% | -2.34% | -97.63% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.56% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.03% | — |
Current DrawdownCurrent decline from peak | -99.97% | -0.44% | -99.53% |
Average DrawdownAverage peak-to-trough decline | -39.72% | -3.23% | -36.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 64.67% | 0.53% | +64.14% |
Volatility
HKIT vs. HYG - Volatility Comparison
Hitek Global Inc. Ordinary Share (HKIT) has a higher volatility of 60.43% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 0.95%. 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.
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Volatility by Period
| HKIT | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 60.43% | 0.95% | +59.48% |
Volatility (6M)Calculated over the trailing 6-month period | 287.56% | 3.13% | +284.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 216.07% | 3.84% | +212.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 153.79% | 7.54% | +146.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 153.79% | 8.22% | +145.57% |
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 5.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 5.92% | 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
HKIT and HYG have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HKIT has higher volatility (60.43%) compared to HYG (0.95%). In terms of maximum drawdown, HKIT dropped -99.97% vs HYG's -34.25%.
HYG currently has the higher Sharpe Ratio (1.40 vs -0.46), 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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