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HYGH vs. FBNDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HYGH and FBNDX 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.


-0.50.00.51.0
Correlation: -0.1

Performance

HYGH vs. FBNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Interest Rate Hedged High Yield Bond ETF (HYGH) and Fidelity Investment Grade Bond Fund (FBNDX). The values are adjusted to include any dividend payments, if applicable.

20.00%30.00%40.00%50.00%60.00%NovemberDecember2025FebruaryMarchApril
57.45%
22.09%
HYGH
FBNDX

Key characteristics

Sharpe Ratio

HYGH:

1.53

FBNDX:

0.99

Sortino Ratio

HYGH:

2.13

FBNDX:

1.48

Omega Ratio

HYGH:

1.32

FBNDX:

1.17

Calmar Ratio

HYGH:

1.92

FBNDX:

0.38

Martin Ratio

HYGH:

11.28

FBNDX:

2.58

Ulcer Index

HYGH:

0.64%

FBNDX:

2.09%

Daily Std Dev

HYGH:

4.68%

FBNDX:

5.44%

Max Drawdown

HYGH:

-23.88%

FBNDX:

-20.16%

Current Drawdown

HYGH:

-2.14%

FBNDX:

-7.22%

Returns By Period

In the year-to-date period, HYGH achieves a -0.38% return, which is significantly lower than FBNDX's 2.75% return. Over the past 10 years, HYGH has outperformed FBNDX with an annualized return of 4.93%, while FBNDX has yielded a comparatively lower 1.66% annualized return.


HYGH

YTD

-0.38%

1M

-1.03%

6M

2.44%

1Y

7.44%

5Y*

9.75%

10Y*

4.93%

FBNDX

YTD

2.75%

1M

-0.41%

6M

-0.55%

1Y

5.70%

5Y*

0.01%

10Y*

1.66%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


HYGH vs. FBNDX - Expense Ratio Comparison

HYGH has a 0.53% expense ratio, which is higher than FBNDX's 0.45% expense ratio.


HYGH
iShares Interest Rate Hedged High Yield Bond ETF
Expense ratio chart for HYGH: current value is 0.53%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HYGH: 0.53%
Expense ratio chart for FBNDX: current value is 0.45%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FBNDX: 0.45%

Risk-Adjusted Performance

HYGH vs. FBNDX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYGH
The Risk-Adjusted Performance Rank of HYGH is 8989
Overall Rank
The Sharpe Ratio Rank of HYGH is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of HYGH is 8888
Sortino Ratio Rank
The Omega Ratio Rank of HYGH is 9191
Omega Ratio Rank
The Calmar Ratio Rank of HYGH is 8787
Calmar Ratio Rank
The Martin Ratio Rank of HYGH is 9292
Martin Ratio Rank

FBNDX
The Risk-Adjusted Performance Rank of FBNDX is 7474
Overall Rank
The Sharpe Ratio Rank of FBNDX is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of FBNDX is 8080
Sortino Ratio Rank
The Omega Ratio Rank of FBNDX is 7878
Omega Ratio Rank
The Calmar Ratio Rank of FBNDX is 6161
Calmar Ratio Rank
The Martin Ratio Rank of FBNDX is 7070
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HYGH vs. FBNDX - 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 Fidelity Investment Grade Bond Fund (FBNDX). 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.


Sharpe ratio
The chart of Sharpe ratio for HYGH, currently valued at 1.62, compared to the broader market-1.000.001.002.003.004.005.00
HYGH: 1.62
FBNDX: 0.99
The chart of Sortino ratio for HYGH, currently valued at 2.25, compared to the broader market-2.000.002.004.006.008.0010.0012.00
HYGH: 2.25
FBNDX: 1.48
The chart of Omega ratio for HYGH, currently valued at 1.34, compared to the broader market0.501.001.502.002.503.00
HYGH: 1.34
FBNDX: 1.17
The chart of Calmar ratio for HYGH, currently valued at 2.02, compared to the broader market0.005.0010.0015.00
HYGH: 2.02
FBNDX: 0.38
The chart of Martin ratio for HYGH, currently valued at 11.87, compared to the broader market0.0020.0040.0060.0080.00100.00
HYGH: 11.87
FBNDX: 2.58

The current HYGH Sharpe Ratio is 1.53, which is higher than the FBNDX Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of HYGH and FBNDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50NovemberDecember2025FebruaryMarchApril
1.62
0.99
HYGH
FBNDX

Dividends

HYGH vs. FBNDX - Dividend Comparison

HYGH's dividend yield for the trailing twelve months is around 7.05%, more than FBNDX's 3.55% yield.


TTM20242023202220212020201920182017201620152014
HYGH
iShares Interest Rate Hedged High Yield Bond ETF
7.05%7.85%8.95%6.21%3.74%4.06%4.89%6.45%4.79%4.60%5.75%3.62%
FBNDX
Fidelity Investment Grade Bond Fund
3.55%3.99%3.56%2.67%1.53%1.88%2.77%2.84%2.17%2.50%2.90%2.59%

Drawdowns

HYGH vs. FBNDX - Drawdown Comparison

The maximum HYGH drawdown since its inception was -23.88%, which is greater than FBNDX's maximum drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for HYGH and FBNDX. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-2.14%
-7.22%
HYGH
FBNDX

Volatility

HYGH vs. FBNDX - Volatility Comparison

iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a higher volatility of 1.72% compared to Fidelity Investment Grade Bond Fund (FBNDX) at 1.26%. This indicates that HYGH's price experiences larger fluctuations and is considered to be riskier than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.60%0.80%1.00%1.20%1.40%1.60%1.80%NovemberDecember2025FebruaryMarchApril
1.72%
1.26%
HYGH
FBNDX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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