HNDL vs. HYGV
HNDL (Strategy Shares Nasdaq 7HANDL Index ETF) and HYGV (FlexShares High Yield Value-Scored US Bond Index Fund) are both exchange-traded funds - HNDL is a Diversified Portfolio fund tracking the NASDAQ 7 HANDL™ Index, while HYGV is a High Yield Bonds fund tracking the Northern Trust High Yield Value-Scored US Corporate Bond Index. Both are passively managed. Over the past 5 years, HNDL returned 4.77%/yr vs 3.36%/yr for HYGV. A 0.70 correlation means they provide meaningful diversification when combined. HNDL charges 0.97%/yr vs 0.37%/yr for HYGV.
Performance
HNDL vs. HYGV - Performance Comparison
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Returns By Period
In the year-to-date period, HNDL achieves a 6.62% return, which is significantly higher than HYGV's 1.68% return.
HNDL
- 1D
- -0.20%
- 1M
- -0.34%
- YTD
- 6.62%
- 6M
- 6.43%
- 1Y
- 14.43%
- 3Y*
- 11.67%
- 5Y*
- 4.77%
- 10Y*
- —
HYGV
- 1D
- -0.10%
- 1M
- 0.59%
- YTD
- 1.68%
- 6M
- 1.77%
- 1Y
- 6.27%
- 3Y*
- 8.59%
- 5Y*
- 3.36%
- 10Y*
- —
HNDL vs. HYGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 6.62% | 10.76% | 10.66% | 13.28% | -19.12% | 9.06% | 12.03% | 15.66% | -5.67% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 1.68% | 7.92% | 8.02% | 12.11% | -12.60% | 5.93% | 8.01% | 15.76% | -4.15% |
Correlation
The correlation between HNDL and HYGV is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2018 | 0.70 |
The correlation between HNDL and HYGV shifts across timeframes, from 0.70 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HNDL vs. HYGV — Risk / Return Rank
HNDL
HYGV
HNDL vs. HYGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV). 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.
| HNDL | HYGV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.35 | +0.57 |
| Martin ratioReturn relative to average drawdown | 11.88 | 10.10 | +1.78 |
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Drawdowns
HNDL vs. HYGV - Drawdown Comparison
The maximum HNDL drawdown since its inception was -23.72%, roughly equal to the maximum HYGV drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for HNDL and HYGV.
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Drawdown Indicators
| HNDL | HYGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -23.47% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -4.96% | -2.68% | -2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -12.25% | -5.56% | -6.69% |
Max Drawdown (5Y)Largest decline over 5 years | -23.72% | -17.12% | -6.60% |
Current DrawdownCurrent decline from peak | -0.77% | -0.27% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -3.30% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.62% | +0.60% |
Volatility
HNDL vs. HYGV - Volatility Comparison
Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) has a higher volatility of 2.68% compared to FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) at 1.04%. This indicates that HNDL's price experiences larger fluctuations and is considered to be riskier than HYGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HNDL | HYGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 1.04% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 5.94% | 3.09% | +2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.63% | 3.89% | +3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.55% | 7.60% | +3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.74% | 9.17% | +1.57% |
HNDL vs. HYGV - Expense Ratio Comparison
HNDL has a 0.97% expense ratio, which is higher than HYGV's 0.37% expense ratio.
Dividends
HNDL vs. HYGV - Dividend Comparison
HNDL's dividend yield for the trailing twelve months is around 6.89%, less than HYGV's 7.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 6.89% | 6.86% | 7.02% | 6.78% | 7.87% | 6.86% | 6.21% | 5.27% | 6.42% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 7.39% | 7.48% | 8.20% | 8.77% | 7.64% | 6.07% | 6.18% | 7.95% | 5.63% |
Frequently Asked Questions
HNDL and HYGV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HNDL has higher volatility (2.68%) compared to HYGV (1.04%). In terms of maximum drawdown, HNDL dropped -23.72% vs HYGV's -23.47%.
On 5-year performance, HNDL leads with 4.77% vs 3.36% for HYGV. On fees, HYGV is cheaper at 0.37% per year. On volatility, HYGV has been the lower-risk option at 1.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HNDL has performed better with a 4.77% return vs 3.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYGV is cheaper with a 0.37% expense ratio, compared with 0.97% for HNDL.
HYGV has the higher dividend yield at 7.39%, compared with 6.89% for HNDL.
HNDL is categorized as Diversified Portfolio, while HYGV is High Yield Bonds. HNDL tracks NASDAQ 7 HANDL™ Index, while HYGV tracks Northern Trust High Yield Value-Scored US Corporate Bond Index. They also come from different issuers: Rational Capital LLC and Northern Trust. Their fees differ too: 0.97% for HNDL and 0.37% for HYGV.
HNDL currently has the higher Sharpe Ratio (1.90 vs 1.62), 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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