HYGH vs. FTABX
Compare and contrast key facts about iShares Interest Rate Hedged High Yield Bond ETF (HYGH) and Fidelity Tax-Free Bond Fund (FTABX).
HYGH is an actively managed fund by iShares. It was launched on May 27, 2014. FTABX is managed by Fidelity. It was launched on Apr 10, 2001.
Performance
HYGH vs. FTABX - Performance Comparison
Loading graphics...
HYGH vs. FTABX - 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% |
FTABX Fidelity Tax-Free Bond Fund | -0.50% | 5.60% | 1.54% | 7.51% | -10.74% | 2.20% | 4.80% | 8.58% | 0.67% | 6.45% |
Returns By Period
In the year-to-date period, HYGH achieves a 0.64% return, which is significantly higher than FTABX's -0.50% return. Over the past 10 years, HYGH has outperformed FTABX with an annualized return of 6.47%, while FTABX has yielded a comparatively lower 2.32% 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%
FTABX
- 1D
- 0.27%
- 1M
- -2.32%
- YTD
- -0.50%
- 6M
- 1.06%
- 1Y
- 4.23%
- 3Y*
- 3.59%
- 5Y*
- 0.97%
- 10Y*
- 2.32%
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. FTABX - Expense Ratio Comparison
HYGH has a 0.53% expense ratio, which is higher than FTABX's 0.25% expense ratio.
Return for Risk
HYGH vs. FTABX — Risk / Return Rank
HYGH
FTABX
HYGH vs. FTABX - 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 Fidelity Tax-Free Bond Fund (FTABX). 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 | FTABX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 0.97 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.31 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.15 | +0.03 |
Martin ratioReturn relative to average drawdown | 8.73 | 4.00 | +4.73 |
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
| HYGH | FTABX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 0.97 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.24 | +0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.54 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.04 | -0.50 |
Correlation
The correlation between HYGH and FTABX 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. FTABX - Dividend Comparison
HYGH's dividend yield for the trailing twelve months is around 6.77%, more than FTABX's 3.20% 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% |
FTABX Fidelity Tax-Free Bond Fund | 3.20% | 4.18% | 2.81% | 2.90% | 2.16% | 2.27% | 2.64% | 2.94% | 3.01% | 3.49% | 4.22% | 3.29% |
Drawdowns
HYGH vs. FTABX - Drawdown Comparison
The maximum HYGH drawdown since its inception was -23.88%, which is greater than FTABX's maximum drawdown of -16.14%. Use the drawdown chart below to compare losses from any high point for HYGH and FTABX.
Loading graphics...
Drawdown Indicators
| HYGH | FTABX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.88% | -16.14% | -7.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -4.74% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -8.24% | -16.14% | +7.90% |
Max Drawdown (10Y)Largest decline over 10 years | -23.88% | -16.14% | -7.74% |
Current DrawdownCurrent decline from peak | -0.38% | -2.66% | +2.28% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -2.13% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.37% | -0.47% |
Volatility
HYGH vs. FTABX - Volatility Comparison
iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a higher volatility of 1.85% compared to Fidelity Tax-Free Bond Fund (FTABX) at 1.15%. This indicates that HYGH's price experiences larger fluctuations and is considered to be riskier than FTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HYGH | FTABX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 1.15% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 1.79% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.11% | 4.84% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.06% | 4.12% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.39% | 4.27% | +4.12% |