HYGI vs. FALN
Compare and contrast key facts about iShares Inflation Hedged High Yield Bond ETF (HYGI) and iShares Fallen Angels USD Bond ETF (FALN).
HYGI and FALN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYGI is a passively managed fund by iShares that tracks the performance of the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. It was launched on Jun 22, 2022. FALN is a passively managed fund by iShares that tracks the performance of the Bloomberg US High Yield Fallen Angel 3% Capped Index. It was launched on Jun 14, 2016. Both HYGI and FALN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYGI or FALN.
Key characteristics
| HYGI | FALN | |
|---|---|---|
| YTD Return | 7.01% | 7.45% |
| 1Y Return | 11.88% | 14.21% |
| Sharpe Ratio | 2.45 | 2.59 |
| Daily Std Dev | 4.91% | 5.51% |
| Max Drawdown | -9.65% | -29.22% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between HYGI and FALN is 0.89, 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
HYGI vs. FALN - Performance Comparison
In the year-to-date period, HYGI achieves a 7.01% return, which is significantly lower than FALN's 7.45% 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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HYGI vs. FALN - Expense Ratio Comparison
HYGI has a 0.52% expense ratio, which is higher than FALN's 0.25% expense ratio.
Risk-Adjusted Performance
HYGI vs. FALN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged High Yield Bond ETF (HYGI) and iShares Fallen Angels USD Bond ETF (FALN). 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
HYGI vs. FALN - Dividend Comparison
HYGI's dividend yield for the trailing twelve months is around 6.11%, more than FALN's 5.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
HYGI iShares Inflation Hedged High Yield Bond ETF | 6.11% | 6.22% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FALN iShares Fallen Angels USD Bond ETF | 5.88% | 5.37% | 5.08% | 3.40% | 5.14% | 5.35% | 5.97% | 6.98% | 3.55% |
Drawdowns
HYGI vs. FALN - Drawdown Comparison
The maximum HYGI drawdown since its inception was -9.65%, smaller than the maximum FALN drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for HYGI and FALN. For additional features, visit the drawdowns tool.
Volatility
HYGI vs. FALN - Volatility Comparison
iShares Inflation Hedged High Yield Bond ETF (HYGI) has a higher volatility of 1.07% compared to iShares Fallen Angels USD Bond ETF (FALN) at 0.97%. This indicates that HYGI's price experiences larger fluctuations and is considered to be riskier than FALN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.