HYGI vs. BNDX
HYGI (iShares Inflation Hedged High Yield Bond ETF) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - HYGI is a Inflation-Protected Bonds fund tracking the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross, while BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Both are passively managed. At a 0.31 correlation, their price movements are largely independent. HYGI charges 0.52%/yr vs 0.07%/yr for BNDX.
Performance
HYGI vs. BNDX - Performance Comparison
Loading charts...
Returns By Period
HYGI
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNDX
- 1D
- 0.17%
- 1M
- 0.85%
- YTD
- 1.02%
- 6M
- 1.22%
- 1Y
- 2.27%
- 3Y*
- 4.32%
- 5Y*
- 0.32%
- 10Y*
- 1.72%
HYGI vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYGI iShares Inflation Hedged High Yield Bond ETF | 0.00% | 6.20% | 9.16% | 11.71% | 0.65% |
BNDX Vanguard Total International Bond ETF | 1.02% | 2.86% | 3.57% | 8.77% | -2.70% |
Correlation
The correlation between HYGI and BNDX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2022 | 0.31 |
Over the past year, the correlation between HYGI and BNDX has dropped to 0.07 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYGI vs. BNDX — Risk / Return Rank
HYGI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BNDX
HYGI vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged High Yield Bond ETF (HYGI) and Vanguard Total International Bond ETF (BNDX). 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.
| HYGI | BNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.10 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.66 | — |
| Martin ratioReturn relative to average drawdown | — | 1.84 | — |
Loading charts...
Drawdowns
HYGI vs. BNDX - Drawdown Comparison
Loading charts...
Drawdown Indicators
| HYGI | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -16.23% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.93% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.86% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.23% | — |
Current DrawdownCurrent decline from peak | — | -1.02% | — |
Average DrawdownAverage peak-to-trough decline | — | -3.10% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.05% | — |
Volatility
HYGI vs. BNDX - Volatility Comparison
Loading charts...
Volatility by Period
| HYGI | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.49% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 3.47% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 4.89% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 4.10% | — |
HYGI vs. BNDX - Expense Ratio Comparison
HYGI has a 0.52% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Dividends
HYGI vs. BNDX - Dividend Comparison
HYGI has not paid dividends to shareholders, while BNDX's dividend yield for the trailing twelve months is around 4.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.47% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
HYGI iShares Inflation Hedged High Yield Bond ETF | 0.97% | 3.41% | 6.08% | 6.22% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYGI and BNDX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNDX is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDX is cheaper with a 0.07% expense ratio, compared with 0.52% for HYGI.
BNDX has the higher dividend yield at 4.47%, compared with 0.97% for HYGI.
HYGI is categorized as Inflation-Protected Bonds, while BNDX is Global Bonds. HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross, while BNDX tracks Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.52% for HYGI and 0.07% for BNDX.
Find the right allocation for HYGI and BNDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer