HYG vs. DE
Compare and contrast key facts about iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and Deere & Company (DE).
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: HYG or DE.
Correlation
The correlation between HYG and DE is 0.65, 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.
Performance
HYG vs. DE - Performance Comparison
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Key characteristics
HYG:
1.45
DE:
0.77
HYG:
2.08
DE:
1.41
HYG:
1.30
DE:
1.16
HYG:
1.74
DE:
1.08
HYG:
9.20
DE:
3.04
HYG:
0.86%
DE:
7.65%
HYG:
5.64%
DE:
29.01%
HYG:
-34.24%
DE:
-73.27%
HYG:
-0.52%
DE:
-2.94%
Returns By Period
In the year-to-date period, HYG achieves a 1.81% return, which is significantly lower than DE's 16.67% return. Over the past 10 years, HYG has underperformed DE with an annualized return of 3.96%, while DE has yielded a comparatively higher 20.64% annualized return.
HYG
1.81%
3.19%
1.32%
8.32%
5.19%
3.96%
DE
16.67%
10.90%
25.92%
22.56%
31.42%
20.64%
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Risk-Adjusted Performance
HYG vs. DE — Risk-Adjusted Performance Rank
HYG
DE
HYG vs. DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and Deere & Company (DE). 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
HYG vs. DE - Dividend Comparison
HYG's dividend yield for the trailing twelve months is around 5.89%, more than DE's 1.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.89% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
DE Deere & Company | 1.25% | 1.42% | 1.33% | 1.05% | 1.14% | 1.13% | 1.75% | 1.84% | 1.53% | 2.33% | 3.15% | 2.61% |
Drawdowns
HYG vs. DE - Drawdown Comparison
The maximum HYG drawdown since its inception was -34.24%, smaller than the maximum DE drawdown of -73.27%. Use the drawdown chart below to compare losses from any high point for HYG and DE. For additional features, visit the drawdowns tool.
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Volatility
HYG vs. DE - Volatility Comparison
The current volatility for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is 2.38%, while Deere & Company (DE) has a volatility of 8.39%. This indicates that HYG experiences smaller price fluctuations and is considered to be less risky than DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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