HYGI vs. VTV

Last updated Jul 9, 2026

HYGI (iShares Inflation Hedged High Yield Bond ETF) and VTV (Vanguard Value 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 VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined. HYGI charges 0.52%/yr vs 0.04%/yr for VTV.

Performance

HYGI vs. VTV - Performance Comparison

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

Returns By Period

HYGI

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

VTV

• 1D: -0.88%
• 1M: 2.89%
• 6M: 13.35%
• YTD: 15.15%
• 1Y: 24.75%
• 3Y*: 18.41%
• 5Y*: 12.11%
• 10Y*: 12.55%

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

HYGI vs. VTV - 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%
VTV Vanguard Value ETF	15.15%	15.27%	15.95%	9.32%	9.19%

Correlation

The correlation between HYGI and VTV is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jun 24, 2022	0.59

Over the past year, the correlation between HYGI and VTV has dropped to 0.11 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

Return for Risk

HYGI vs. VTV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

VTV

VTV Risk / Return Rank: 88
VTV Sharpe Ratio Rank: 89
VTV Sortino Ratio Rank: 90
VTV Omega Ratio Rank: 86
VTV Calmar Ratio Rank: 86
VTV Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYGI vs. VTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged High Yield Bond ETF (HYGI) and Vanguard Value ETF (VTV). 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	VTV	Difference
Sharpe ratio: Return per unit of total volatility	—	2.39	—
Sortino ratio: Return per unit of downside risk	—	3.45	—
Omega ratio: Gain probability vs. loss probability	—	1.43	—
Calmar ratio: Return relative to maximum drawdown	—	3.91	—
Martin ratio: Return relative to average drawdown	—	14.77	—

Drawdowns

Drawdown Indicators

	HYGI	VTV	Difference
Max Drawdown Largest peak-to-trough decline	—	-59.27%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.35%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.78%	—
Current Drawdown Current decline from peak	—	-0.88%	—
Average Drawdown Average peak-to-trough decline	—	-7.84%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.68%	—

Volatility

Volatility by Period

	HYGI	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.39%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.87%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.61%	—

HYGI vs. VTV - Expense Ratio Comparison

HYGI has a 0.52% expense ratio, which is higher than VTV's 0.04% expense ratio.

Dividends

HYGI vs. VTV - Dividend Comparison

HYGI has not paid dividends to shareholders, while VTV's dividend yield for the trailing twelve months is around 1.88%.

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%
VTV Vanguard Value ETF	1.88%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both HYGI and VTV in my portfolio?

HYGI and VTV have a correlation of 0.11, 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 VTV?

On fees, VTV is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYGI or VTV?

VTV is cheaper with a 0.04% expense ratio, compared with 0.52% for HYGI.

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

VTV has the higher dividend yield at 1.88%, compared with 0.50% for HYGI.

What is the main difference between HYGI and VTV?

HYGI is categorized as Inflation-Protected Bonds, while VTV is Large Cap Value Equities. HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross, while VTV tracks CRSP US Large Cap Value Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.52% for HYGI and 0.04% for VTV.