HYGV vs. HYG
Compare and contrast key facts about FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
HYGV and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYGV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust High Yield Value-Scored US Corporate Bond Index. It was launched on Jul 17, 2018. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007. Both HYGV and HYG 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: HYGV or HYG.
Key characteristics
| HYGV | HYG | |
|---|---|---|
| YTD Return | 7.97% | 8.47% |
| 1Y Return | 14.12% | 14.53% |
| 3Y Return (Ann) | 2.46% | 2.81% |
| 5Y Return (Ann) | 4.73% | 3.61% |
| Sharpe Ratio | 3.12 | 3.03 |
| Sortino Ratio | 4.95 | 4.79 |
| Omega Ratio | 1.63 | 1.60 |
| Calmar Ratio | 1.85 | 2.32 |
| Martin Ratio | 23.87 | 23.48 |
| Ulcer Index | 0.59% | 0.61% |
| Daily Std Dev | 4.50% | 4.76% |
| Max Drawdown | -23.47% | -34.24% |
| Current Drawdown | -0.51% | -0.51% |
Correlation
The correlation between HYGV and HYG is 0.93, 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
HYGV vs. HYG - Performance Comparison
In the year-to-date period, HYGV achieves a 7.97% return, which is significantly lower than HYG's 8.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HYGV vs. HYG - Expense Ratio Comparison
HYGV has a 0.37% expense ratio, which is lower than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
HYGV vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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
HYGV vs. HYG - Dividend Comparison
HYGV's dividend yield for the trailing twelve months is around 8.27%, more than HYG's 5.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 8.27% | 8.77% | 7.64% | 7.15% | 6.18% | 7.95% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.89% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
Drawdowns
HYGV vs. HYG - Drawdown Comparison
The maximum HYGV drawdown since its inception was -23.47%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for HYGV and HYG. For additional features, visit the drawdowns tool.
Volatility
HYGV vs. HYG - Volatility Comparison
FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG) have volatilities of 1.13% and 1.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.