HYGI vs. SLV

Last updated Aug 2, 2026

HYGI (iShares Inflation Hedged High Yield Bond ETF) and SLV (iShares Silver Trust) 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 SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Their 0.24 correlation means their historical movements had little consistent relationship. HYGI charges 0.52%/yr vs 0.50%/yr for SLV.

Performance

HYGI vs. SLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Inflation Hedged High Yield Bond ETF (HYGI) and iShares Silver Trust (SLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYGI

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SLV

• 1D: -2.13%
• 1M: -4.83%
• 6M: -30.59%
• YTD: -18.72%
• 1Y: 55.88%
• 3Y*: 32.93%
• 5Y*: 17.25%
• 10Y*: 10.33%
• ALL TIME*: 7.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SLV iShares Silver Trust	$716.70M	$772.79M	$1.26B

HYGI vs. SLV - 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%
SLV iShares Silver Trust	-18.72%	144.66%	20.89%	-1.09%	13.68%

Correlation

The correlation between HYGI and SLV is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.01
Correlation (3Y) Balances recent behavior with more history.	0.16
Correlation (All Time) Calculated using the full available price history since Jun 24, 2022	0.25

The correlation between HYGI and SLV shifts across timeframes, from -0.01 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HYGI vs. SLV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HYGI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SLV

SLV Risk / Return Rank: 36
SLV Sharpe Ratio Rank: 38
SLV Sortino Ratio Rank: 37
SLV Omega Ratio Rank: 47
SLV Calmar Ratio Rank: 33
SLV Martin Ratio Rank: 26

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HYGI vs. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged High Yield Bond ETF (HYGI) and iShares Silver Trust (SLV). 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	SLV	Difference
Sharpe ratio: Return per unit of total volatility	—	0.94	—
Sortino ratio: Return per unit of downside risk	—	1.37	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.10	—
Martin ratio: Return relative to average drawdown	—	2.10	—

Drawdowns

Drawdown Indicators

	HYGI	SLV	Difference
Max Drawdown Largest peak-to-trough decline	—	-76.28%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-52.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-52.28%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-52.28%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.28%	—
Current Drawdown Current decline from peak	—	-50.42%	—
Average Drawdown Average peak-to-trough decline	—	-44.68%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	27.31%	—

Volatility

Volatility by Period

	HYGI	SLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	55.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	61.35%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	36.97%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	32.22%	—

HYGI vs. SLV - Expense Ratio Comparison

HYGI has a 0.52% expense ratio, which is higher than SLV's 0.50% expense ratio.

Dividends

HYGI vs. SLV - Dividend Comparison

Neither HYGI nor SLV has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
HYGI iShares Inflation Hedged High Yield Bond ETF	0.50%	3.41%	6.08%	6.22%	3.19%
SLV iShares Silver Trust	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HYGI and SLV in my portfolio?

HYGI and SLV have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HYGI or SLV?

On fees, SLV is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYGI or SLV?

SLV is cheaper with a 0.50% expense ratio, compared with 0.52% for HYGI.

Which ETF pays a higher dividend yield, HYGI or SLV?

HYGI has the higher dividend yield at 0.50%, compared with 0.00% for SLV.

What is the main difference between HYGI and SLV?

HYGI is categorized as Inflation-Protected Bonds, while SLV is Silver. HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross, while SLV tracks LBMA Silver Price. Their fees differ too: 0.52% for HYGI and 0.50% for SLV.