HYGI vs. PXJ
HYGI (iShares Inflation Hedged High Yield Bond ETF) and PXJ (Invesco Dynamic Oil & Gas Services 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 PXJ is a Energy Equities fund tracking the Dynamic Oil & Gas Services Intellidex Index. Both are passively managed. At a 0.36 correlation, their price movements are largely independent. HYGI charges 0.52%/yr vs 0.63%/yr for PXJ.
Performance
HYGI vs. PXJ - Performance Comparison
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Returns By Period
HYGI
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PXJ
- 1D
- 1.75%
- 1M
- -8.73%
- YTD
- 41.96%
- 6M
- 42.19%
- 1Y
- 67.29%
- 3Y*
- 24.27%
- 5Y*
- 18.02%
- 10Y*
- -1.37%
HYGI vs. PXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYGI iShares Inflation Hedged High Yield Bond ETF | 0.00% | 6.20% | 9.16% | 11.71% | 0.65% |
PXJ Invesco Dynamic Oil & Gas Services ETF | 41.96% | 8.74% | 0.21% | 14.44% | 42.18% |
Correlation
The correlation between HYGI and PXJ is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2022 | 0.36 |
The correlation between HYGI and PXJ shifts across timeframes, from -0.06 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYGI vs. PXJ — Risk / Return Rank
HYGI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PXJ
HYGI vs. PXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged High Yield Bond ETF (HYGI) and Invesco Dynamic Oil & Gas Services ETF (PXJ). 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 | PXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.26 | — |
| Martin ratioReturn relative to average drawdown | — | 17.74 | — |
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Drawdowns
HYGI vs. PXJ - Drawdown Comparison
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Drawdown Indicators
| HYGI | PXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -94.82% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.86% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -40.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.72% | — |
Current DrawdownCurrent decline from peak | — | -67.56% | — |
Average DrawdownAverage peak-to-trough decline | — | -55.69% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.89% | — |
Volatility
HYGI vs. PXJ - Volatility Comparison
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Volatility by Period
| HYGI | PXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 26.82% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 34.48% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 39.37% | — |
HYGI vs. PXJ - Expense Ratio Comparison
HYGI has a 0.52% expense ratio, which is lower than PXJ's 0.63% expense ratio.
Dividends
HYGI vs. PXJ - Dividend Comparison
HYGI has not paid dividends to shareholders, while PXJ's dividend yield for the trailing twelve months is around 3.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGI iShares Inflation Hedged High Yield Bond ETF | 0.97% | 3.41% | 6.08% | 6.22% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PXJ Invesco Dynamic Oil & Gas Services ETF | 3.09% | 2.91% | 3.34% | 1.99% | 0.65% | 2.40% | 4.72% | 1.87% | 0.99% | 2.75% | 1.18% | 2.36% |
Frequently Asked Questions
HYGI and PXJ have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYGI is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYGI is cheaper with a 0.52% expense ratio, compared with 0.63% for PXJ.
PXJ has the higher dividend yield at 3.09%, compared with 0.97% for HYGI.
HYGI is categorized as Inflation-Protected Bonds, while PXJ is Energy Equities. HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross, while PXJ tracks Dynamic Oil & Gas Services Intellidex Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.52% for HYGI and 0.63% for PXJ.
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