HTDIX vs. HYG
HTDIX (Tactical Dividend and Momentum Fund) and HYG (iShares iBoxx $ High Yield Corporate Bond ETF) are both funds - HTDIX is a Tactical Allocation fund managed by Hanlon, while HYG is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Index. Over the past 10 years, HTDIX returned 7.36%/yr vs 4.94%/yr for HYG. A 0.61 correlation means they provide meaningful diversification when combined. HTDIX charges 1.40%/yr vs 0.49%/yr for HYG.
Performance
HTDIX vs. HYG - Performance Comparison
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Returns By Period
In the year-to-date period, HTDIX achieves a 8.49% return, which is significantly higher than HYG's 1.32% return. Over the past 10 years, HTDIX has outperformed HYG with an annualized return of 7.36%, while HYG has yielded a comparatively lower 4.94% annualized return.
HTDIX
- 1D
- 0.31%
- 1M
- 6.01%
- YTD
- 8.49%
- 6M
- 8.57%
- 1Y
- 20.77%
- 3Y*
- 16.56%
- 5Y*
- 7.77%
- 10Y*
- 7.36%
HYG
- 1D
- -0.28%
- 1M
- 0.36%
- YTD
- 1.32%
- 6M
- 1.73%
- 1Y
- 6.51%
- 3Y*
- 8.48%
- 5Y*
- 3.77%
- 10Y*
- 4.94%
HTDIX vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTDIX Tactical Dividend and Momentum Fund | 8.49% | 12.92% | 18.32% | 12.48% | -15.78% | 17.64% | 4.37% | 14.00% | -5.63% | 14.81% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.32% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -2.02% | 6.07% |
Correlation
The correlation between HTDIX and HYG is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2015 | 0.61 |
The correlation between HTDIX and HYG shifts across timeframes, from 0.57 (5 years) to 0.72 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HTDIX vs. HYG — Risk / Return Rank
HTDIX
HYG
HTDIX vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tactical Dividend and Momentum Fund (HTDIX) 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.
| HTDIX | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.33 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 2.79 | +0.85 |
| Martin ratioReturn relative to average drawdown | 13.41 | 12.34 | +1.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HTDIX | HYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 1.72 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.50 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.60 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.46 | +0.09 |
Drawdowns
HTDIX vs. HYG - Drawdown Comparison
The maximum HTDIX drawdown since its inception was -18.08%, smaller than the maximum HYG drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for HTDIX and HYG.
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Drawdown Indicators
| HTDIX | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -34.25% | +16.17% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -2.34% | -3.59% |
Max Drawdown (3Y)Largest decline over 3 years | -18.08% | -4.56% | -13.52% |
Max Drawdown (5Y)Largest decline over 5 years | -18.08% | -15.79% | -2.29% |
Max Drawdown (10Y)Largest decline over 10 years | -18.08% | -22.03% | +3.95% |
Current DrawdownCurrent decline from peak | 0.00% | -0.28% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -3.24% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 0.53% | +1.08% |
Volatility
HTDIX vs. HYG - Volatility Comparison
Tactical Dividend and Momentum Fund (HTDIX) has a higher volatility of 2.52% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.21%. This indicates that HTDIX'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
| HTDIX | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 1.21% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 6.88% | 3.01% | +3.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.10% | 3.81% | +6.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.38% | 7.53% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.15% | 8.29% | +3.86% |
HTDIX vs. HYG - Expense Ratio Comparison
HTDIX has a 1.40% expense ratio, which is higher than HYG's 0.49% expense ratio.
Dividends
HTDIX vs. HYG - Dividend Comparison
HTDIX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTDIX Tactical Dividend and Momentum Fund | 0.00% | 0.00% | 0.00% | 1.92% | 0.00% | 14.07% | 0.00% | 0.69% | 0.36% | 0.65% | 1.29% | 0.34% |
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
HTDIX and HYG have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HTDIX has higher volatility (2.52%) compared to HYG (1.21%). In terms of maximum drawdown, HTDIX dropped -18.08% vs HYG's -34.25%.
HTDIX currently has the higher Sharpe Ratio (2.14 vs 1.72), 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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