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HYG vs. AGG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


HYGAGG
YTD Return3.93%0.61%
1Y Return10.19%3.71%
3Y Return (Ann)1.52%-2.97%
5Y Return (Ann)3.09%-0.01%
10Y Return (Ann)3.44%1.45%
Sharpe Ratio1.690.48
Daily Std Dev5.74%6.66%
Max Drawdown-34.24%-18.43%
Current Drawdown-0.40%-9.57%

Correlation

-0.50.00.51.00.1

The correlation between HYG and AGG is 0.09, 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

HYG vs. AGG - Performance Comparison

In the year-to-date period, HYG achieves a 3.93% return, which is significantly higher than AGG's 0.61% return. Over the past 10 years, HYG has outperformed AGG with an annualized return of 3.44%, while AGG has yielded a comparatively lower 1.45% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


60.00%70.00%80.00%90.00%100.00%110.00%120.00%FebruaryMarchAprilMayJuneJuly
121.24%
63.74%
HYG
AGG

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


iShares iBoxx $ High Yield Corporate Bond ETF

iShares Core U.S. Aggregate Bond ETF

HYG vs. AGG - Expense Ratio Comparison

HYG has a 0.49% expense ratio, which is higher than AGG's 0.05% expense ratio.


HYG
iShares iBoxx $ High Yield Corporate Bond ETF
Expense ratio chart for HYG: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%
Expense ratio chart for AGG: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%

Risk-Adjusted Performance

HYG vs. AGG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.


HYG
Sharpe ratio
The chart of Sharpe ratio for HYG, currently valued at 1.69, compared to the broader market0.002.004.006.001.69
Sortino ratio
The chart of Sortino ratio for HYG, currently valued at 2.61, compared to the broader market0.005.0010.0015.002.61
Omega ratio
The chart of Omega ratio for HYG, currently valued at 1.31, compared to the broader market1.002.003.001.31
Calmar ratio
The chart of Calmar ratio for HYG, currently valued at 1.02, compared to the broader market0.005.0010.0015.0020.001.02
Martin ratio
The chart of Martin ratio for HYG, currently valued at 8.66, compared to the broader market0.0050.00100.00150.008.66
AGG
Sharpe ratio
The chart of Sharpe ratio for AGG, currently valued at 0.48, compared to the broader market0.002.004.006.000.48
Sortino ratio
The chart of Sortino ratio for AGG, currently valued at 0.73, compared to the broader market0.005.0010.0015.000.73
Omega ratio
The chart of Omega ratio for AGG, currently valued at 1.08, compared to the broader market1.002.003.001.08
Calmar ratio
The chart of Calmar ratio for AGG, currently valued at 0.18, compared to the broader market0.005.0010.0015.0020.000.18
Martin ratio
The chart of Martin ratio for AGG, currently valued at 1.42, compared to the broader market0.0050.00100.00150.001.42

HYG vs. AGG - Sharpe Ratio Comparison

The current HYG Sharpe Ratio is 1.69, which is higher than the AGG Sharpe Ratio of 0.48. The chart below compares the 12-month rolling Sharpe Ratio of HYG and AGG.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00FebruaryMarchAprilMayJuneJuly
1.69
0.48
HYG
AGG

Dividends

HYG vs. AGG - Dividend Comparison

HYG's dividend yield for the trailing twelve months is around 5.88%, more than AGG's 3.45% yield.


TTM20232022202120202019201820172016201520142013
HYG
iShares iBoxx $ High Yield Corporate Bond ETF
5.88%5.74%5.30%4.02%4.88%4.99%5.54%5.12%5.27%5.90%5.69%6.10%
AGG
iShares Core U.S. Aggregate Bond ETF
3.45%3.13%2.39%1.77%2.14%2.70%2.96%2.32%2.39%2.45%2.40%2.32%

Drawdowns

HYG vs. AGG - Drawdown Comparison

The maximum HYG drawdown since its inception was -34.24%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for HYG and AGG. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%FebruaryMarchAprilMayJuneJuly
-0.40%
-9.57%
HYG
AGG

Volatility

HYG vs. AGG - Volatility Comparison

The current volatility for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is 0.94%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.52%. This indicates that HYG experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.20%1.40%1.60%1.80%2.00%2.20%FebruaryMarchAprilMayJuneJuly
0.94%
1.52%
HYG
AGG