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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYGH or FTABX.
Key characteristics
| HYGH | FTABX | |
|---|---|---|
| YTD Return | 10.30% | 2.16% |
| 1Y Return | 13.35% | 7.25% |
| 3Y Return (Ann) | 7.32% | -0.38% |
| 5Y Return (Ann) | 5.92% | 1.25% |
| 10Y Return (Ann) | 4.86% | 2.46% |
| Sharpe Ratio | 2.87 | 1.88 |
| Sortino Ratio | 3.96 | 2.79 |
| Omega Ratio | 1.64 | 1.44 |
| Calmar Ratio | 3.52 | 0.83 |
| Martin Ratio | 28.19 | 7.54 |
| Ulcer Index | 0.47% | 0.90% |
| Daily Std Dev | 4.60% | 3.58% |
| Max Drawdown | -23.88% | -15.78% |
| Current Drawdown | -0.38% | -2.24% |
Correlation
The correlation between HYGH and FTABX is -0.11. 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. FTABX - Performance Comparison
In the year-to-date period, HYGH achieves a 10.30% return, which is significantly higher than FTABX's 2.16% return. Over the past 10 years, HYGH has outperformed FTABX with an annualized return of 4.86%, while FTABX has yielded a comparatively lower 2.46% annualized 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. FTABX - Expense Ratio Comparison
HYGH has a 0.53% expense ratio, which is higher than FTABX's 0.25% expense ratio.
Risk-Adjusted Performance
HYGH vs. FTABX - 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 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.
Dividends
HYGH vs. FTABX - Dividend Comparison
HYGH's dividend yield for the trailing twelve months is around 8.19%, more than FTABX's 3.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 8.19% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.59% | 5.74% | 3.62% | 0.00% |
FTABX Fidelity Tax-Free Bond Fund | 3.00% | 2.90% | 2.85% | 2.40% | 2.60% | 2.84% | 3.02% | 3.07% | 3.37% | 3.58% | 3.62% | 3.86% |
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 -15.78%. Use the drawdown chart below to compare losses from any high point for HYGH and FTABX. For additional features, visit the drawdowns tool.
Volatility
HYGH vs. FTABX - Volatility Comparison
The current volatility for iShares Interest Rate Hedged High Yield Bond ETF (HYGH) is 1.03%, while Fidelity Tax-Free Bond Fund (FTABX) has a volatility of 1.84%. This indicates that HYGH experiences smaller price fluctuations and is considered to be less risky than FTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.