HYGH vs. BND
Compare and contrast key facts about iShares Interest Rate Hedged High Yield Bond ETF (HYGH) and Vanguard Total Bond Market ETF (BND).
HYGH and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
HYGH vs. BND - Performance Comparison
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HYGH vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 0.64% | 6.94% | 11.22% | 12.17% | -0.92% | 5.82% | 0.54% | 11.09% | -0.85% | 6.38% |
BND Vanguard Total Bond Market ETF | 0.09% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Returns By Period
In the year-to-date period, HYGH achieves a 0.64% return, which is significantly higher than BND's 0.09% return. Over the past 10 years, HYGH has outperformed BND with an annualized return of 6.47%, while BND has yielded a comparatively lower 1.68% annualized return.
HYGH
- 1D
- 0.28%
- 1M
- 0.25%
- YTD
- 0.64%
- 6M
- 2.16%
- 1Y
- 7.68%
- 3Y*
- 9.43%
- 5Y*
- 6.55%
- 10Y*
- 6.47%
BND
- 1D
- 0.04%
- 1M
- -1.30%
- YTD
- 0.09%
- 6M
- 0.74%
- 1Y
- 3.96%
- 3Y*
- 3.60%
- 5Y*
- 0.25%
- 10Y*
- 1.68%
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HYGH vs. BND - Expense Ratio Comparison
HYGH has a 0.53% expense ratio, which is higher than BND's 0.03% expense ratio.
Return for Risk
HYGH vs. BND — Risk / Return Rank
HYGH
BND
HYGH vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged High Yield Bond ETF (HYGH) and Vanguard Total Bond Market ETF (BND). 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.
| HYGH | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 0.93 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.32 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.16 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.75 | -0.57 |
Martin ratioReturn relative to average drawdown | 8.73 | 4.78 | +3.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYGH | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 0.93 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.04 | +0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.30 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.59 | -0.05 |
Correlation
The correlation between HYGH and BND is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
HYGH vs. BND - Dividend Comparison
HYGH's dividend yield for the trailing twelve months is around 6.77%, more than BND's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 6.77% | 6.86% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% |
BND Vanguard Total Bond Market ETF | 3.93% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
HYGH vs. BND - Drawdown Comparison
The maximum HYGH drawdown since its inception was -23.88%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for HYGH and BND.
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Drawdown Indicators
| HYGH | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.88% | -18.58% | -5.30% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -2.44% | -4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -8.24% | -17.91% | +9.67% |
Max Drawdown (10Y)Largest decline over 10 years | -23.88% | -18.58% | -5.30% |
Current DrawdownCurrent decline from peak | -0.38% | -2.54% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -3.07% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.90% | 0.00% |
Volatility
HYGH vs. BND - Volatility Comparison
iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a higher volatility of 1.85% compared to Vanguard Total Bond Market ETF (BND) at 1.63%. This indicates that HYGH's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYGH | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 1.63% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 2.52% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.11% | 4.30% | +2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.06% | 6.00% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.39% | 5.52% | +2.87% |