HYG vs. AGG
Compare and contrast key facts about iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and iShares Core U.S. Aggregate Bond ETF (AGG).
HYG and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003. Both HYG and AGG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYG or AGG.
Performance
HYG vs. AGG - Performance Comparison
Returns By Period
In the year-to-date period, HYG achieves a 8.59% return, which is significantly higher than AGG's 1.91% return. Over the past 10 years, HYG has outperformed AGG with an annualized return of 3.94%, while AGG has yielded a comparatively lower 1.46% annualized return.
HYG
8.59%
0.50%
6.74%
13.19%
3.63%
3.94%
AGG
1.91%
-0.74%
3.31%
6.52%
-0.24%
1.46%
Key characteristics
| HYG | AGG | |
|---|---|---|
| Sharpe Ratio | 2.87 | 1.15 |
| Sortino Ratio | 4.48 | 1.68 |
| Omega Ratio | 1.56 | 1.20 |
| Calmar Ratio | 2.66 | 0.46 |
| Martin Ratio | 21.54 | 3.78 |
| Ulcer Index | 0.62% | 1.76% |
| Daily Std Dev | 4.65% | 5.76% |
| Max Drawdown | -34.24% | -18.43% |
| Current Drawdown | -0.40% | -8.40% |
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HYG vs. AGG - Expense Ratio Comparison
HYG has a 0.49% expense ratio, which is higher than AGG's 0.05% expense ratio.
Correlation
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.
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.
Dividends
HYG vs. AGG - Dividend Comparison
HYG's dividend yield for the trailing twelve months is around 6.36%, more than AGG's 3.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 6.36% | 5.75% | 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 | 3.96% | 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.
Volatility
HYG vs. AGG - Volatility Comparison
The current volatility for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is 1.03%, 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.