HYGH vs. HYG
Compare and contrast key facts about iShares Interest Rate Hedged High Yield Bond ETF (HYGH) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
HYGH and HYG 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. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYGH or HYG.
Key characteristics
| HYGH | HYG | |
|---|---|---|
| YTD Return | 10.30% | 8.25% |
| 1Y Return | 13.35% | 13.37% |
| 3Y Return (Ann) | 7.32% | 2.76% |
| 5Y Return (Ann) | 5.92% | 3.50% |
| 10Y Return (Ann) | 4.86% | 3.96% |
| Sharpe Ratio | 2.87 | 2.91 |
| Sortino Ratio | 3.96 | 4.53 |
| Omega Ratio | 1.64 | 1.57 |
| Calmar Ratio | 3.52 | 2.48 |
| Martin Ratio | 28.19 | 21.88 |
| Ulcer Index | 0.47% | 0.62% |
| Daily Std Dev | 4.60% | 4.65% |
| Max Drawdown | -23.88% | -34.24% |
| Current Drawdown | -0.38% | -0.71% |
Correlation
The correlation between HYGH and HYG is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HYGH vs. HYG - Performance Comparison
In the year-to-date period, HYGH achieves a 10.30% return, which is significantly higher than HYG's 8.25% return. Over the past 10 years, HYGH has outperformed HYG with an annualized return of 4.86%, while HYG has yielded a comparatively lower 3.96% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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. HYG - Expense Ratio Comparison
HYGH has a 0.53% expense ratio, which is higher than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
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.
Dividends
HYGH vs. HYG - Dividend Comparison
HYGH's dividend yield for the trailing twelve months is around 8.19%, more than HYG's 5.90% 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% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.90% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
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.
Volatility
HYGH vs. HYG - Volatility Comparison
The current volatility for iShares Interest Rate Hedged High Yield Bond ETF (HYGH) is 1.03%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 1.13%. This indicates that HYGH experiences smaller price fluctuations and is considered to be less risky than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.