HYGI vs. CGUI

Last updated Aug 2, 2026

HYGI (iShares Inflation Hedged High Yield Bond ETF) and CGUI (Capital Group Ultra Short Income 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 CGUI is a Ultrashort Bond fund actively managed by Capital Group. HYGI is passively managed, while CGUI is actively managed. Their 0.08 correlation means their historical movements had little consistent relationship. HYGI charges 0.52%/yr vs 0.18%/yr for CGUI.

Performance

HYGI vs. CGUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Inflation Hedged High Yield Bond ETF (HYGI) and Capital Group Ultra Short Income ETF (CGUI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYGI

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

CGUI

• 1D: 0.12%
• 1M: 0.32%
• 6M: 1.69%
• YTD: 2.12%
• 1Y: 3.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CGUI Capital Group Ultra Short Income ETF	$2.41M	$2.93M	$2.82M

HYGI vs. CGUI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HYGI iShares Inflation Hedged High Yield Bond ETF	0.00%	6.20%	5.66%
CGUI Capital Group Ultra Short Income ETF	2.12%	4.99%	3.05%

Correlation

The correlation between HYGI and CGUI is -0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.10
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024	0.08

The correlation between HYGI and CGUI shifts across timeframes, from -0.10 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HYGI vs. CGUI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HYGI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CGUI

CGUI Risk / Return Rank: 99
CGUI Sharpe Ratio Rank: 99
CGUI Sortino Ratio Rank: 99
CGUI Omega Ratio Rank: 99
CGUI Calmar Ratio Rank: 99
CGUI Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HYGI vs. CGUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged High Yield Bond ETF (HYGI) and Capital Group Ultra Short Income ETF (CGUI). 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	CGUI	Difference
Sharpe ratio: Return per unit of total volatility	—	5.59	—
Sortino ratio: Return per unit of downside risk	—	9.99	—
Omega ratio: Gain probability vs. loss probability	—	2.51	—
Calmar ratio: Return relative to maximum drawdown	—	23.43	—
Martin ratio: Return relative to average drawdown	—	101.30	—

Drawdowns

Drawdown Indicators

	HYGI	CGUI	Difference
Max Drawdown Largest peak-to-trough decline	—	-0.18%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.18%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.02%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.04%	—

Volatility

Volatility by Period

	HYGI	CGUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.74%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.80%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.80%	—

HYGI vs. CGUI - Expense Ratio Comparison

HYGI has a 0.52% expense ratio, which is higher than CGUI's 0.18% expense ratio.

Dividends

HYGI vs. CGUI - Dividend Comparison

HYGI has not paid dividends to shareholders, while CGUI's dividend yield for the trailing twelve months is around 3.85%.

Position	TTM	2025	2024	2023	2022
CGUI Capital Group Ultra Short Income ETF	3.85%	4.17%	2.62%	0.00%	0.00%
HYGI iShares Inflation Hedged High Yield Bond ETF	0.50%	3.41%	6.08%	6.22%	3.19%

Frequently Asked Questions

Can I hold both HYGI and CGUI in my portfolio?

HYGI and CGUI have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HYGI or CGUI?

On fees, CGUI is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYGI or CGUI?

CGUI is cheaper with a 0.18% expense ratio, compared with 0.52% for HYGI.

Which ETF pays a higher dividend yield, HYGI or CGUI?

CGUI has the higher dividend yield at 3.85%, compared with 0.50% for HYGI.

What is the main difference between HYGI and CGUI?

HYGI is categorized as Inflation-Protected Bonds, while CGUI is Ultrashort Bond. They also come from different issuers: iShares and Capital Group. Their fees differ too: 0.52% for HYGI and 0.18% for CGUI.