HYG vs. HYGH
Compare and contrast key facts about iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
HYG and HYGH 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. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Performance
HYG vs. HYGH - Performance Comparison
Loading graphics...
HYG vs. HYGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 0.13% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -2.02% | 6.07% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 0.76% | 6.94% | 11.22% | 12.17% | -0.92% | 5.82% | 0.54% | 11.09% | -0.85% | 6.38% |
Returns By Period
In the year-to-date period, HYG achieves a 0.13% return, which is significantly lower than HYGH's 0.76% return. Over the past 10 years, HYG has underperformed HYGH with an annualized return of 5.21%, while HYGH has yielded a comparatively higher 6.50% annualized return.
HYG
- 1D
- 0.24%
- 1M
- -0.22%
- YTD
- 0.13%
- 6M
- 1.21%
- 1Y
- 6.94%
- 3Y*
- 8.10%
- 5Y*
- 3.71%
- 10Y*
- 5.21%
HYGH
- 1D
- 0.12%
- 1M
- 0.44%
- YTD
- 0.76%
- 6M
- 2.25%
- 1Y
- 7.51%
- 3Y*
- 9.56%
- 5Y*
- 6.57%
- 10Y*
- 6.50%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HYG vs. HYGH - Expense Ratio Comparison
HYG has a 0.49% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Return for Risk
HYG vs. HYGH — Risk / Return Rank
HYG
HYGH
HYG vs. HYGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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 | HYGH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 1.06 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.88 | 1.36 | +0.52 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.18 | +0.64 |
Martin ratioReturn relative to average drawdown | 9.56 | 8.72 | +0.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| HYG | HYGH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.06 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.94 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.78 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.54 | -0.09 |
Correlation
The correlation between HYG and HYGH is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HYG vs. HYGH - Dividend Comparison
HYG's dividend yield for the trailing twelve months is around 5.87%, less than HYGH's 6.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.87% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 6.78% | 6.86% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% |
Drawdowns
HYG vs. HYGH - Drawdown Comparison
The maximum HYG drawdown since its inception was -34.25%, which is greater than HYGH's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for HYG and HYGH.
Loading graphics...
Drawdown Indicators
| HYG | HYGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.25% | -23.88% | -10.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -4.07% | +1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -15.79% | -8.24% | -7.55% |
Max Drawdown (10Y)Largest decline over 10 years | -22.03% | -23.88% | +1.85% |
Current DrawdownCurrent decline from peak | -0.82% | -0.26% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -2.26% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.90% | -0.15% |
Volatility
HYG vs. HYGH - Volatility Comparison
iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a higher volatility of 2.28% compared to iShares Interest Rate Hedged High Yield Bond ETF (HYGH) at 1.82%. This indicates that HYG's price experiences larger fluctuations and is considered to be riskier than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HYG | HYGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 1.82% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 2.97% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.57% | 7.11% | -1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.51% | 7.05% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.31% | 8.39% | -0.08% |