HYGH vs. LQDI
Compare and contrast key facts about iShares Interest Rate Hedged High Yield Bond ETF (HYGH) and iShares Inflation Hedged Corporate Bond ETF (LQDI).
HYGH and LQDI 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. LQDI is an actively managed fund by iShares. It was launched on May 8, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYGH or LQDI.
Key characteristics
| HYGH | LQDI | |
|---|---|---|
| YTD Return | 10.17% | 3.39% |
| 1Y Return | 13.05% | 9.81% |
| 3Y Return (Ann) | 7.32% | -1.73% |
| 5Y Return (Ann) | 5.90% | 3.20% |
| Sharpe Ratio | 2.81 | 1.53 |
| Sortino Ratio | 3.88 | 2.23 |
| Omega Ratio | 1.62 | 1.28 |
| Calmar Ratio | 3.46 | 0.68 |
| Martin Ratio | 27.69 | 8.17 |
| Ulcer Index | 0.47% | 1.17% |
| Daily Std Dev | 4.60% | 6.22% |
| Max Drawdown | -23.88% | -28.99% |
| Current Drawdown | -0.49% | -5.64% |
Correlation
The correlation between HYGH and LQDI is 0.17, 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.
Performance
HYGH vs. LQDI - Performance Comparison
In the year-to-date period, HYGH achieves a 10.17% return, which is significantly higher than LQDI's 3.39% 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. LQDI - Expense Ratio Comparison
HYGH has a 0.53% expense ratio, which is higher than LQDI's 0.18% expense ratio.
Risk-Adjusted Performance
HYGH vs. LQDI - 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 Inflation Hedged Corporate Bond ETF (LQDI). 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. LQDI - Dividend Comparison
HYGH's dividend yield for the trailing twelve months is around 8.20%, more than LQDI's 4.50% 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% |
LQDI iShares Inflation Hedged Corporate Bond ETF | 4.50% | 3.99% | 3.26% | 2.42% | 2.52% | 3.26% | 2.52% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYGH vs. LQDI - Drawdown Comparison
The maximum HYGH drawdown since its inception was -23.88%, smaller than the maximum LQDI drawdown of -28.99%. Use the drawdown chart below to compare losses from any high point for HYGH and LQDI. For additional features, visit the drawdowns tool.
Volatility
HYGH vs. LQDI - Volatility Comparison
The current volatility for iShares Interest Rate Hedged High Yield Bond ETF (HYGH) is 1.04%, while iShares Inflation Hedged Corporate Bond ETF (LQDI) has a volatility of 2.24%. This indicates that HYGH experiences smaller price fluctuations and is considered to be less risky than LQDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.