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

Correlation

The correlation between HYGH and HYG is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.7

Performance

HYGH vs. HYG - 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 iShares iBoxx $ High Yield Corporate Bond ETF (HYG). The values are adjusted to include any dividend payments, if applicable.

40.00%45.00%50.00%55.00%60.00%NovemberDecember2025FebruaryMarchApril
57.75%
47.30%
HYGH
HYG

Key characteristics

Sharpe Ratio

HYGH:

0.96

HYG:

1.61

Sortino Ratio

HYGH:

1.23

HYG:

2.38

Omega Ratio

HYGH:

1.25

HYG:

1.34

Calmar Ratio

HYGH:

0.90

HYG:

2.03

Martin Ratio

HYGH:

5.71

HYG:

10.84

Ulcer Index

HYGH:

1.27%

HYG:

0.85%

Daily Std Dev

HYGH:

7.55%

HYG:

5.75%

Max Drawdown

HYGH:

-23.88%

HYG:

-34.24%

Current Drawdown

HYGH:

-1.96%

HYG:

-0.84%

Returns By Period

In the year-to-date period, HYGH achieves a -0.20% return, which is significantly lower than HYG's 1.48% return. Over the past 10 years, HYGH has outperformed HYG with an annualized return of 4.88%, while HYG has yielded a comparatively lower 3.86% annualized return.


HYGH

YTD

-0.20%

1M

-1.02%

6M

1.91%

1Y

6.99%

5Y*

8.52%

10Y*

4.88%

HYG

YTD

1.48%

1M

-0.41%

6M

2.06%

1Y

9.06%

5Y*

5.51%

10Y*

3.86%

*Annualized

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HYGH vs. HYG - Expense Ratio Comparison

HYGH has a 0.53% expense ratio, which is higher than HYG's 0.49% expense ratio.


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 HYG: current value is 0.49%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HYG: 0.49%

Risk-Adjusted Performance

HYGH vs. HYG — 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 8282
Overall Rank
The Sharpe Ratio Rank of HYGH is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of HYGH is 7575
Sortino Ratio Rank
The Omega Ratio Rank of HYGH is 8787
Omega Ratio Rank
The Calmar Ratio Rank of HYGH is 8181
Calmar Ratio Rank
The Martin Ratio Rank of HYGH is 8787
Martin Ratio Rank

HYG
The Risk-Adjusted Performance Rank of HYG is 9393
Overall Rank
The Sharpe Ratio Rank of HYG is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of HYG is 9292
Sortino Ratio Rank
The Omega Ratio Rank of HYG is 9292
Omega Ratio Rank
The Calmar Ratio Rank of HYG is 9494
Calmar Ratio Rank
The Martin Ratio Rank of HYG is 9494
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. HYG - 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 iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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.


The chart of Sharpe ratio for HYGH, currently valued at 0.96, compared to the broader market-1.000.001.002.003.004.00
HYGH: 0.96
HYG: 1.61
The chart of Sortino ratio for HYGH, currently valued at 1.23, compared to the broader market-2.000.002.004.006.008.00
HYGH: 1.23
HYG: 2.38
The chart of Omega ratio for HYGH, currently valued at 1.25, compared to the broader market0.501.001.502.002.50
HYGH: 1.25
HYG: 1.34
The chart of Calmar ratio for HYGH, currently valued at 0.90, compared to the broader market0.002.004.006.008.0010.0012.00
HYGH: 0.90
HYG: 2.03
The chart of Martin ratio for HYGH, currently valued at 5.71, compared to the broader market0.0020.0040.0060.00
HYGH: 5.71
HYG: 10.84

The current HYGH Sharpe Ratio is 0.96, which is lower than the HYG Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of HYGH and HYG, 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
0.96
1.61
HYGH
HYG

Dividends

HYGH vs. HYG - Dividend Comparison

HYGH's dividend yield for the trailing twelve months is around 7.68%, more than HYG's 5.88% yield.


TTM20242023202220212020201920182017201620152014
HYGH
iShares Interest Rate Hedged High Yield Bond ETF
7.68%7.85%8.95%6.21%3.74%4.06%4.89%6.45%4.79%4.60%5.75%3.62%
HYG
iShares iBoxx $ High Yield Corporate Bond ETF
5.88%6.01%5.74%5.30%4.02%4.88%4.99%5.54%5.12%5.27%5.90%5.69%

Drawdowns

HYGH vs. HYG - Drawdown Comparison

The maximum HYGH drawdown since its inception was -23.88%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for HYGH and HYG. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.96%
-0.84%
HYGH
HYG

Volatility

HYGH vs. HYG - Volatility Comparison

iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a higher volatility of 6.21% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 4.21%. This indicates that HYGH's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%NovemberDecember2025FebruaryMarchApril
6.21%
4.21%
HYGH
HYG