HYGH vs. FTSL
Compare and contrast key facts about iShares Interest Rate Hedged High Yield Bond ETF (HYGH) and First Trust Senior Loan Fund (FTSL).
HYGH and FTSL 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. FTSL is an actively managed fund by First Trust. It was launched on May 1, 2013.
Performance
HYGH vs. FTSL - Performance Comparison
Loading graphics...
HYGH vs. FTSL - 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% |
FTSL First Trust Senior Loan Fund | -0.69% | 5.98% | 8.27% | 11.58% | -2.50% | 3.94% | 2.99% | 10.11% | -1.30% | 2.59% |
Returns By Period
In the year-to-date period, HYGH achieves a 0.64% return, which is significantly higher than FTSL's -0.69% return. Over the past 10 years, HYGH has outperformed FTSL with an annualized return of 6.47%, while FTSL has yielded a comparatively lower 4.50% 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%
FTSL
- 1D
- 0.11%
- 1M
- 1.04%
- YTD
- -0.69%
- 6M
- 0.98%
- 1Y
- 4.82%
- 3Y*
- 7.14%
- 5Y*
- 4.89%
- 10Y*
- 4.50%
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. FTSL - Expense Ratio Comparison
HYGH has a 0.53% expense ratio, which is lower than FTSL's 0.86% expense ratio.
Return for Risk
HYGH vs. FTSL — Risk / Return Rank
HYGH
FTSL
HYGH vs. FTSL - 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 First Trust Senior Loan Fund (FTSL). 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 | FTSL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.56 | -0.47 |
Sortino ratioReturn per unit of downside risk | 1.39 | 2.05 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.42 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 2.06 | -0.88 |
Martin ratioReturn relative to average drawdown | 8.73 | 7.37 | +1.37 |
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 | FTSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.56 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 1.46 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.87 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.83 | -0.30 |
Correlation
The correlation between HYGH and FTSL is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HYGH vs. FTSL - Dividend Comparison
HYGH's dividend yield for the trailing twelve months is around 6.77%, more than FTSL's 6.58% 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% |
FTSL First Trust Senior Loan Fund | 6.58% | 6.59% | 7.56% | 7.59% | 4.77% | 3.17% | 3.48% | 4.44% | 4.29% | 3.64% | 3.70% | 3.95% |
Drawdowns
HYGH vs. FTSL - Drawdown Comparison
The maximum HYGH drawdown since its inception was -23.88%, which is greater than FTSL's maximum drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for HYGH and FTSL.
Loading graphics...
Drawdown Indicators
| HYGH | FTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.88% | -22.67% | -1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -2.33% | -4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -8.24% | -6.96% | -1.28% |
Max Drawdown (10Y)Largest decline over 10 years | -23.88% | -22.67% | -1.21% |
Current DrawdownCurrent decline from peak | -0.38% | -1.13% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -0.77% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.65% | +0.25% |
Volatility
HYGH vs. FTSL - Volatility Comparison
iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a higher volatility of 1.85% compared to First Trust Senior Loan Fund (FTSL) at 1.36%. This indicates that HYGH's price experiences larger fluctuations and is considered to be riskier than FTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HYGH | FTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 1.36% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 1.91% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.11% | 3.11% | +4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.06% | 3.36% | +3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.39% | 5.19% | +3.20% |