HYGI vs. HYG
Compare and contrast key facts about iShares Inflation Hedged High Yield Bond ETF (HYGI) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
HYGI and HYG 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. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007. Both HYGI and HYG 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 HYG.
Key characteristics
| HYGI | HYG | |
|---|---|---|
| YTD Return | 7.01% | 7.20% |
| 1Y Return | 11.88% | 12.98% |
| Sharpe Ratio | 2.45 | 2.39 |
| Daily Std Dev | 4.91% | 5.50% |
| Max Drawdown | -9.65% | -34.24% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between HYGI and HYG is 0.95, 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. HYG - Performance Comparison
The year-to-date returns for both investments are quite close, with HYGI having a 7.01% return and HYG slightly higher at 7.20%. 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. HYG - Expense Ratio Comparison
HYGI has a 0.52% expense ratio, which is higher than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
HYGI vs. HYG - 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 iBoxx $ High Yield Corporate Bond ETF (HYG). 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. HYG - Dividend Comparison
HYGI's dividend yield for the trailing twelve months is around 6.11%, more than HYG's 5.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.86% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
Drawdowns
HYGI vs. HYG - Drawdown Comparison
The maximum HYGI drawdown since its inception was -9.65%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for HYGI and HYG. For additional features, visit the drawdowns tool.
Volatility
HYGI vs. HYG - Volatility Comparison
iShares Inflation Hedged High Yield Bond ETF (HYGI) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG) have volatilities of 1.07% and 1.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.