HYGH vs. VIGI
HYGH (iShares Interest Rate Hedged High Yield Bond ETF) and VIGI (Vanguard International Dividend Appreciation ETF) are both exchange-traded funds - HYGH is a High Yield Bonds fund actively managed by iShares, while VIGI is a Dividend fund tracking the S&P Global Ex-U.S. Dividend Growers Index. HYGH is actively managed, while VIGI is passively managed. Over the past 10 years, HYGH returned 6.50%/yr vs 8.31%/yr for VIGI. A 0.58 correlation means they provide meaningful diversification when combined. HYGH charges 0.53%/yr vs 0.15%/yr for VIGI.
Performance
HYGH vs. VIGI - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HYGH having a 3.24% return and VIGI slightly lower at 3.10%. Over the past 10 years, HYGH has underperformed VIGI with an annualized return of 6.50%, while VIGI has yielded a comparatively higher 8.31% annualized return.
HYGH
- 1D
- 0.17%
- 1M
- 0.74%
- YTD
- 3.24%
- 6M
- 3.69%
- 1Y
- 8.03%
- 3Y*
- 9.63%
- 5Y*
- 7.00%
- 10Y*
- 6.50%
VIGI
- 1D
- -0.22%
- 1M
- 0.88%
- YTD
- 3.10%
- 6M
- 3.92%
- 1Y
- 6.49%
- 3Y*
- 9.51%
- 5Y*
- 4.27%
- 10Y*
- 8.31%
HYGH vs. VIGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 3.24% | 6.94% | 11.22% | 12.17% | -0.92% | 5.82% | 0.54% | 11.09% | -0.85% | 6.38% |
VIGI Vanguard International Dividend Appreciation ETF | 3.10% | 16.88% | 2.73% | 16.30% | -16.79% | 12.51% | 14.66% | 27.53% | -11.50% | 27.97% |
Correlation
The correlation between HYGH and VIGI is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2016 | 0.58 |
The correlation between HYGH and VIGI has been stable across timeframes, ranging from 0.49 to 0.59 - a consistent structural relationship.
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Return for Risk
HYGH vs. VIGI — Risk / Return Rank
HYGH
VIGI
HYGH vs. VIGI - 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 Vanguard International Dividend Appreciation ETF (VIGI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYGH | VIGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.08 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 4.88 | 0.48 | +4.40 |
| Martin ratioReturn relative to average drawdown | 19.08 | 1.70 | +17.38 |
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Drawdowns
HYGH vs. VIGI - Drawdown Comparison
The maximum HYGH drawdown since its inception was -23.88%, smaller than the maximum VIGI drawdown of -31.01%. Use the drawdown chart below to compare losses from any high point for HYGH and VIGI.
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Drawdown Indicators
| HYGH | VIGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.88% | -31.01% | +7.13% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | -10.64% | +9.02% |
Max Drawdown (3Y)Largest decline over 3 years | -8.06% | -14.50% | +6.44% |
Max Drawdown (5Y)Largest decline over 5 years | -8.24% | -28.80% | +20.56% |
Max Drawdown (10Y)Largest decline over 10 years | -23.88% | -31.01% | +7.13% |
Current DrawdownCurrent decline from peak | 0.00% | -2.03% | +2.03% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -6.17% | +3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 3.04% | -2.63% |
Volatility
HYGH vs. VIGI - Volatility Comparison
The current volatility for iShares Interest Rate Hedged High Yield Bond ETF (HYGH) is 0.68%, while Vanguard International Dividend Appreciation ETF (VIGI) has a volatility of 3.35%. This indicates that HYGH experiences smaller price fluctuations and is considered to be less risky than VIGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYGH | VIGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 3.35% | -2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 10.40% | -7.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 13.20% | -9.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 14.47% | -7.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 15.87% | -7.53% |
HYGH vs. VIGI - Expense Ratio Comparison
HYGH has a 0.53% expense ratio, which is higher than VIGI's 0.15% expense ratio.
Dividends
HYGH vs. VIGI - Dividend Comparison
HYGH's dividend yield for the trailing twelve months is around 6.60%, more than VIGI's 2.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 6.60% | 6.86% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% |
VIGI Vanguard International Dividend Appreciation ETF | 2.14% | 2.14% | 1.93% | 1.92% | 2.06% | 7.02% | 1.29% | 1.83% | 1.99% | 1.75% | 1.05% | 0.00% |
Frequently Asked Questions
HYGH and VIGI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIGI has higher volatility (3.35%) compared to HYGH (0.68%). In terms of maximum drawdown, HYGH dropped -23.88% vs VIGI's -31.01%.
On 10-year performance, VIGI leads with 8.31% vs 6.50% for HYGH. On fees, VIGI is cheaper at 0.15% per year. On volatility, HYGH has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VIGI has performed better with a 8.31% return vs 6.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VIGI is cheaper with a 0.15% expense ratio, compared with 0.53% for HYGH.
HYGH has the higher dividend yield at 6.60%, compared with 2.14% for VIGI.
HYGH is categorized as High Yield Bonds, while VIGI is Dividend. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.53% for HYGH and 0.15% for VIGI.
HYGH currently has the higher Sharpe Ratio (2.16 vs 0.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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