HYGH vs. HYGV
Compare and contrast key facts about iShares Interest Rate Hedged High Yield Bond ETF (HYGH) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV).
HYGH and HYGV 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. HYGV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust High Yield Value-Scored US Corporate Bond Index. It was launched on Jul 17, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYGH or HYGV.
Key characteristics
| HYGH | HYGV | |
|---|---|---|
| YTD Return | 10.17% | 7.76% |
| 1Y Return | 13.05% | 13.18% |
| 3Y Return (Ann) | 7.32% | 2.43% |
| 5Y Return (Ann) | 5.90% | 4.64% |
| Sharpe Ratio | 2.81 | 2.92 |
| Sortino Ratio | 3.88 | 4.58 |
| Omega Ratio | 1.62 | 1.58 |
| Calmar Ratio | 3.46 | 1.85 |
| Martin Ratio | 27.69 | 22.00 |
| Ulcer Index | 0.47% | 0.59% |
| Daily Std Dev | 4.60% | 4.45% |
| Max Drawdown | -23.88% | -23.47% |
| Current Drawdown | -0.49% | -0.70% |
Correlation
The correlation between HYGH and HYGV is 0.81, 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. HYGV - Performance Comparison
In the year-to-date period, HYGH achieves a 10.17% return, which is significantly higher than HYGV's 7.76% 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. HYGV - Expense Ratio Comparison
HYGH has a 0.53% expense ratio, which is higher than HYGV's 0.37% expense ratio.
Risk-Adjusted Performance
HYGH vs. HYGV - 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 FlexShares High Yield Value-Scored US Bond Index Fund (HYGV). 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. HYGV - Dividend Comparison
HYGH's dividend yield for the trailing twelve months is around 8.20%, less than HYGV's 8.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 8.20% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.59% | 5.74% | 3.62% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 8.29% | 8.77% | 7.64% | 7.15% | 6.18% | 7.95% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYGH vs. HYGV - Drawdown Comparison
The maximum HYGH drawdown since its inception was -23.88%, roughly equal to the maximum HYGV drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for HYGH and HYGV. For additional features, visit the drawdowns tool.
Volatility
HYGH vs. HYGV - Volatility Comparison
The current volatility for iShares Interest Rate Hedged High Yield Bond ETF (HYGH) is 1.04%, while FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) has a volatility of 1.14%. This indicates that HYGH experiences smaller price fluctuations and is considered to be less risky than HYGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.