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HYGV vs. HYGH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


HYGVHYGH
YTD Return8.44%10.65%
1Y Return14.56%13.69%
3Y Return (Ann)2.62%7.53%
5Y Return (Ann)4.79%6.01%
Sharpe Ratio3.363.03
Sortino Ratio5.364.20
Omega Ratio1.691.68
Calmar Ratio1.983.76
Martin Ratio25.6530.20
Ulcer Index0.59%0.47%
Daily Std Dev4.49%4.64%
Max Drawdown-23.47%-23.88%
Current Drawdown-0.07%-0.07%

Correlation

-0.50.00.51.00.8

The correlation between HYGV and HYGH is 0.81, 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. HYGH - Performance Comparison

In the year-to-date period, HYGV achieves a 8.44% return, which is significantly lower than HYGH's 10.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-2.00%0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
6.46%
5.97%
HYGV
HYGH

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


HYGV vs. HYGH - Expense Ratio Comparison

HYGV has a 0.37% expense ratio, which is lower than HYGH's 0.53% expense ratio.


HYGH
iShares Interest Rate Hedged High Yield Bond ETF
Expense ratio chart for HYGH: current value at 0.53% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.53%
Expense ratio chart for HYGV: current value at 0.37% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.37%

Risk-Adjusted Performance

HYGV vs. HYGH - 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 Interest Rate Hedged High Yield Bond ETF (HYGH). 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.


HYGV
Sharpe ratio
The chart of Sharpe ratio for HYGV, currently valued at 3.36, compared to the broader market-2.000.002.004.006.003.36
Sortino ratio
The chart of Sortino ratio for HYGV, currently valued at 5.36, compared to the broader market0.005.0010.005.36
Omega ratio
The chart of Omega ratio for HYGV, currently valued at 1.69, compared to the broader market1.001.502.002.503.001.69
Calmar ratio
The chart of Calmar ratio for HYGV, currently valued at 1.98, compared to the broader market0.005.0010.0015.001.98
Martin ratio
The chart of Martin ratio for HYGV, currently valued at 25.65, compared to the broader market0.0020.0040.0060.0080.00100.00120.0025.65
HYGH
Sharpe ratio
The chart of Sharpe ratio for HYGH, currently valued at 3.03, compared to the broader market-2.000.002.004.006.003.03
Sortino ratio
The chart of Sortino ratio for HYGH, currently valued at 4.20, compared to the broader market0.005.0010.004.20
Omega ratio
The chart of Omega ratio for HYGH, currently valued at 1.68, compared to the broader market1.001.502.002.503.001.68
Calmar ratio
The chart of Calmar ratio for HYGH, currently valued at 3.76, compared to the broader market0.005.0010.0015.003.76
Martin ratio
The chart of Martin ratio for HYGH, currently valued at 30.20, compared to the broader market0.0020.0040.0060.0080.00100.00120.0030.20

HYGV vs. HYGH - Sharpe Ratio Comparison

The current HYGV Sharpe Ratio is 3.36, which is comparable to the HYGH Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of HYGV and HYGH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
3.36
3.03
HYGV
HYGH

Dividends

HYGV vs. HYGH - Dividend Comparison

HYGV's dividend yield for the trailing twelve months is around 8.24%, which matches HYGH's 8.16% yield.


TTM2023202220212020201920182017201620152014
HYGV
FlexShares High Yield Value-Scored US Bond Index Fund
8.24%8.77%7.64%7.15%6.18%7.95%5.63%0.00%0.00%0.00%0.00%
HYGH
iShares Interest Rate Hedged High Yield Bond ETF
8.16%8.95%6.21%3.74%4.06%4.89%6.45%4.79%4.59%5.74%3.62%

Drawdowns

HYGV vs. HYGH - Drawdown Comparison

The maximum HYGV drawdown since its inception was -23.47%, roughly equal to the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for HYGV and HYGH. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.07%
-0.07%
HYGV
HYGH

Volatility

HYGV vs. HYGH - Volatility Comparison

FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH) have volatilities of 1.02% and 1.07%, 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.


0.50%1.00%1.50%2.00%2.50%3.00%JuneJulyAugustSeptemberOctoberNovember
1.02%
1.07%
HYGV
HYGH