Correlation
The correlation between HWHIX and HYG is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
HWHIX vs. HYG
Compare and contrast key facts about Hotchkis & Wiley High Yield Fund (HWHIX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
HWHIX is managed by Hotchkis & Wiley. It was launched on Mar 31, 2009. 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: HWHIX or HYG.
Performance
HWHIX vs. HYG - Performance Comparison
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Key characteristics
HWHIX:
1.87
HYG:
1.58
HWHIX:
2.54
HYG:
2.16
HWHIX:
1.41
HYG:
1.31
HWHIX:
1.63
HYG:
1.84
HWHIX:
7.10
HYG:
9.75
HWHIX:
0.94%
HYG:
0.86%
HWHIX:
3.76%
HYG:
5.75%
HWHIX:
-23.03%
HYG:
-34.24%
HWHIX:
-0.76%
HYG:
-0.65%
Returns By Period
In the year-to-date period, HWHIX achieves a 1.20% return, which is significantly lower than HYG's 2.33% return. Both investments have delivered pretty close results over the past 10 years, with HWHIX having a 4.11% annualized return and HYG not far behind at 3.97%.
HWHIX
1.20%
1.39%
1.50%
6.97%
6.80%
7.06%
4.11%
HYG
2.33%
0.83%
2.23%
8.61%
6.78%
4.80%
3.97%
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HWHIX vs. HYG - Expense Ratio Comparison
HWHIX has a 0.70% expense ratio, which is higher than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
HWHIX vs. HYG — Risk-Adjusted Performance Rank
HWHIX
HYG
HWHIX vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley High Yield Fund (HWHIX) 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.
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Dividends
HWHIX vs. HYG - Dividend Comparison
HWHIX's dividend yield for the trailing twelve months is around 6.29%, more than HYG's 5.86% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWHIX Hotchkis & Wiley High Yield Fund | 6.29% | 6.28% | 5.72% | 5.51% | 4.49% | 5.47% | 5.92% | 6.24% | 5.97% | 6.29% | 7.69% | 6.79% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.86% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
Drawdowns
HWHIX vs. HYG - Drawdown Comparison
The maximum HWHIX drawdown since its inception was -23.03%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for HWHIX and HYG.
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Volatility
HWHIX vs. HYG - Volatility Comparison
The current volatility for Hotchkis & Wiley High Yield Fund (HWHIX) is 1.03%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 1.50%. This indicates that HWHIX experiences smaller price fluctuations and is considered to be less risky than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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