HYGH vs. BNDX
Compare and contrast key facts about iShares Interest Rate Hedged High Yield Bond ETF (HYGH) and Vanguard Total International Bond ETF (BNDX).
HYGH and BNDX 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. BNDX is a passively managed fund by Vanguard that tracks the performance of the Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged). It was launched on May 31, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYGH or BNDX.
Key characteristics
| HYGH | BNDX | |
|---|---|---|
| YTD Return | 4.67% | -0.31% |
| 1Y Return | 16.04% | 4.80% |
| 3Y Return (Ann) | 6.29% | -1.60% |
| 5Y Return (Ann) | 5.24% | 0.13% |
| Sharpe Ratio | 3.47 | 0.99 |
| Daily Std Dev | 4.44% | 4.84% |
| Max Drawdown | -23.88% | -16.23% |
| Current Drawdown | 0.00% | -7.66% |
Correlation
The correlation between HYGH and BNDX is -0.08. 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.
Performance
HYGH vs. BNDX - Performance Comparison
In the year-to-date period, HYGH achieves a 4.67% return, which is significantly higher than BNDX's -0.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HYGH vs. BNDX - Expense Ratio Comparison
HYGH has a 0.53% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Risk-Adjusted Performance
HYGH vs. BNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged High Yield Bond ETF (HYGH) and Vanguard Total International Bond ETF (BNDX). 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
HYGH vs. BNDX - Dividend Comparison
HYGH's dividend yield for the trailing twelve months is around 8.97%, more than BNDX's 4.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 8.97% | 8.95% | 6.21% | 3.74% | 4.06% | 4.88% | 6.45% | 4.79% | 4.60% | 5.75% | 3.62% | 0.00% |
BNDX Vanguard Total International Bond ETF | 4.65% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
HYGH vs. BNDX - Drawdown Comparison
The maximum HYGH drawdown since its inception was -23.88%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for HYGH and BNDX. For additional features, visit the drawdowns tool.
Volatility
HYGH vs. BNDX - Volatility Comparison
The current volatility for iShares Interest Rate Hedged High Yield Bond ETF (HYGH) is 0.89%, while Vanguard Total International Bond ETF (BNDX) has a volatility of 1.16%. This indicates that HYGH experiences smaller price fluctuations and is considered to be less risky than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.