HYGI vs. JNK
Compare and contrast key facts about iShares Inflation Hedged High Yield Bond ETF (HYGI) and SPDR Barclays High Yield Bond ETF (JNK).
HYGI and JNK 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. JNK is a passively managed fund by State Street that tracks the performance of the Barclays Capital High Yield Very Liquid Index. It was launched on Nov 28, 2007. Both HYGI and JNK 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 JNK.
Correlation
The correlation between HYGI and JNK is 0.94, 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. JNK - Performance Comparison
Key characteristics
HYGI:
2.81
JNK:
2.32
HYGI:
4.16
JNK:
3.36
HYGI:
1.57
JNK:
1.44
HYGI:
6.52
JNK:
4.10
HYGI:
24.28
JNK:
15.77
HYGI:
0.47%
JNK:
0.62%
HYGI:
4.04%
JNK:
4.23%
HYGI:
-9.65%
JNK:
-38.48%
HYGI:
-0.23%
JNK:
0.00%
Returns By Period
In the year-to-date period, HYGI achieves a 2.36% return, which is significantly higher than JNK's 1.93% return.
HYGI
2.36%
1.09%
5.73%
11.29%
N/A
N/A
JNK
1.93%
0.60%
3.79%
9.78%
3.24%
3.79%
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HYGI vs. JNK - Expense Ratio Comparison
HYGI has a 0.52% expense ratio, which is higher than JNK's 0.40% expense ratio.
Risk-Adjusted Performance
HYGI vs. JNK — Risk-Adjusted Performance Rank
HYGI
JNK
HYGI vs. JNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged High Yield Bond ETF (HYGI) and SPDR Barclays High Yield Bond ETF (JNK). 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. JNK - Dividend Comparison
HYGI's dividend yield for the trailing twelve months is around 6.03%, less than JNK's 6.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGI iShares Inflation Hedged High Yield Bond ETF | 6.03% | 6.08% | 6.22% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JNK SPDR Barclays High Yield Bond ETF | 6.54% | 6.63% | 6.38% | 6.06% | 4.26% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.60% | 5.99% |
Drawdowns
HYGI vs. JNK - Drawdown Comparison
The maximum HYGI drawdown since its inception was -9.65%, smaller than the maximum JNK drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for HYGI and JNK. For additional features, visit the drawdowns tool.
Volatility
HYGI vs. JNK - Volatility Comparison
iShares Inflation Hedged High Yield Bond ETF (HYGI) has a higher volatility of 1.65% compared to SPDR Barclays High Yield Bond ETF (JNK) at 0.91%. This indicates that HYGI's price experiences larger fluctuations and is considered to be riskier than JNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.