HYGI vs. SOXX
HYGI (iShares Inflation Hedged High Yield Bond ETF) and SOXX (iShares Semiconductor 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 SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Their 0.47 correlation means their historical movements had little consistent relationship. HYGI charges 0.52%/yr vs 0.34%/yr for SOXX.
Performance
HYGI vs. SOXX - Performance Comparison
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Returns By Period
HYGI
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SOXX
- 1D
- 0.07%
- 1M
- -10.85%
- 6M
- 45.95%
- YTD
- 67.84%
- 1Y
- 113.81%
- 3Y*
- 42.35%
- 5Y*
- 28.10%
- 10Y*
- 32.19%
- ALL TIME*
- 13.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.04B | $5.84B | $5.80B |
HYGI vs. SOXX - 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% |
SOXX iShares Semiconductor ETF | 67.84% | 40.74% | 12.92% | 67.12% | -1.75% |
Correlation
The correlation between HYGI and SOXX 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. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2022 | 0.47 |
Over the past year, the correlation between HYGI and SOXX has dropped to 0.01 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
HYGI vs. SOXX — Risk / Return Rank
HYGI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXX
HYGI vs. SOXX - 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 Semiconductor ETF (SOXX). 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 | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.86 | — |
| Martin ratioReturn relative to average drawdown | — | 16.24 | — |
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Drawdowns
HYGI vs. SOXX - Drawdown Comparison
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Drawdown Indicators
| HYGI | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -70.21% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -29.01% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -41.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.75% | — |
Current DrawdownCurrent decline from peak | — | -22.92% | — |
Average DrawdownAverage peak-to-trough decline | — | -19.92% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.88% | — |
Volatility
HYGI vs. SOXX - Volatility Comparison
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Volatility by Period
| HYGI | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 38.92% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 44.48% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 38.24% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 34.54% | — |
HYGI vs. SOXX - Expense Ratio Comparison
HYGI has a 0.52% expense ratio, which is higher than SOXX's 0.34% expense ratio.
Dividends
HYGI vs. SOXX - Dividend Comparison
HYGI has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 0.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGI iShares Inflation Hedged High Yield Bond ETF | 0.50% | 3.41% | 6.08% | 6.22% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXX iShares Semiconductor ETF | 0.29% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
HYGI and SOXX 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.
On fees, SOXX is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SOXX is cheaper with a 0.34% expense ratio, compared with 0.52% for HYGI.
HYGI has the higher dividend yield at 0.50%, compared with 0.29% for SOXX.
HYGI is categorized as Inflation-Protected Bonds, while SOXX is Semiconductors. HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.52% for HYGI and 0.34% for SOXX.
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