HYGV vs. IWY
Compare and contrast key facts about FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and iShares Russell Top 200 Growth ETF (IWY).
HYGV and IWY 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. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009. Both HYGV and IWY 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 IWY.
Key characteristics
| HYGV | IWY | |
|---|---|---|
| YTD Return | 7.97% | 32.94% |
| 1Y Return | 14.12% | 42.23% |
| 3Y Return (Ann) | 2.46% | 11.84% |
| 5Y Return (Ann) | 4.73% | 21.39% |
| Sharpe Ratio | 3.12 | 2.44 |
| Sortino Ratio | 4.95 | 3.14 |
| Omega Ratio | 1.63 | 1.44 |
| Calmar Ratio | 1.85 | 3.03 |
| Martin Ratio | 23.87 | 11.56 |
| Ulcer Index | 0.59% | 3.64% |
| Daily Std Dev | 4.50% | 17.22% |
| Max Drawdown | -23.47% | -32.68% |
| Current Drawdown | -0.51% | -0.09% |
Correlation
The correlation between HYGV and IWY is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HYGV vs. IWY - Performance Comparison
In the year-to-date period, HYGV achieves a 7.97% return, which is significantly lower than IWY's 32.94% 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. IWY - Expense Ratio Comparison
HYGV has a 0.37% expense ratio, which is higher than IWY's 0.20% expense ratio.
Risk-Adjusted Performance
HYGV vs. IWY - 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 Russell Top 200 Growth ETF (IWY). 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. IWY - Dividend Comparison
HYGV's dividend yield for the trailing twelve months is around 8.27%, more than IWY's 0.49% 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% |
IWY iShares Russell Top 200 Growth ETF | 0.49% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% | 1.44% | 1.56% |
Drawdowns
HYGV vs. IWY - Drawdown Comparison
The maximum HYGV drawdown since its inception was -23.47%, smaller than the maximum IWY drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for HYGV and IWY. For additional features, visit the drawdowns tool.
Volatility
HYGV vs. IWY - Volatility Comparison
The current volatility for FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) is 1.13%, while iShares Russell Top 200 Growth ETF (IWY) has a volatility of 5.21%. This indicates that HYGV experiences smaller price fluctuations and is considered to be less risky than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.