HYGI vs. FIPDX
Compare and contrast key facts about iShares Inflation Hedged High Yield Bond ETF (HYGI) and Fidelity Inflation-Protected Bond Index Fund (FIPDX).
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. FIPDX is managed by Fidelity. It was launched on May 16, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYGI or FIPDX.
Correlation
The correlation between HYGI and FIPDX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HYGI vs. FIPDX - Performance Comparison
Key characteristics
HYGI:
2.69
FIPDX:
1.22
HYGI:
3.97
FIPDX:
1.73
HYGI:
1.54
FIPDX:
1.21
HYGI:
6.24
FIPDX:
0.48
HYGI:
23.18
FIPDX:
3.32
HYGI:
0.47%
FIPDX:
1.56%
HYGI:
4.05%
FIPDX:
4.26%
HYGI:
-9.65%
FIPDX:
-14.29%
HYGI:
-0.50%
FIPDX:
-5.43%
Returns By Period
The year-to-date returns for both investments are quite close, with HYGI having a 2.08% return and FIPDX slightly higher at 2.14%.
HYGI
2.08%
0.80%
4.77%
10.61%
N/A
N/A
FIPDX
2.14%
1.68%
0.16%
5.55%
1.55%
1.52%
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HYGI vs. FIPDX - Expense Ratio Comparison
HYGI has a 0.52% expense ratio, which is higher than FIPDX's 0.05% expense ratio.
Risk-Adjusted Performance
HYGI vs. FIPDX — Risk-Adjusted Performance Rank
HYGI
FIPDX
HYGI vs. FIPDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged High Yield Bond ETF (HYGI) and Fidelity Inflation-Protected Bond Index Fund (FIPDX). 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. FIPDX - Dividend Comparison
HYGI's dividend yield for the trailing twelve months is around 6.05%, more than FIPDX's 3.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGI iShares Inflation Hedged High Yield Bond ETF | 6.05% | 6.08% | 6.22% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIPDX Fidelity Inflation-Protected Bond Index Fund | 3.63% | 3.75% | 3.59% | 8.87% | 4.76% | 0.24% | 0.41% | 0.39% | 0.09% | 0.08% | 0.11% | 1.10% |
Drawdowns
HYGI vs. FIPDX - Drawdown Comparison
The maximum HYGI drawdown since its inception was -9.65%, smaller than the maximum FIPDX drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for HYGI and FIPDX. For additional features, visit the drawdowns tool.
Volatility
HYGI vs. FIPDX - Volatility Comparison
iShares Inflation Hedged High Yield Bond ETF (HYGI) has a higher volatility of 1.69% compared to Fidelity Inflation-Protected Bond Index Fund (FIPDX) at 1.21%. This indicates that HYGI's price experiences larger fluctuations and is considered to be riskier than FIPDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.