HYGV vs. PFXF
HYGV (FlexShares High Yield Value-Scored US Bond Index Fund) and PFXF (VanEck Vectors Preferred Securities ex Financials ETF) are both exchange-traded funds - HYGV is a High Yield Bonds fund tracking the Northern Trust High Yield Value-Scored US Corporate Bond Index, while PFXF is a Preferred Stock/Convertible Bonds fund tracking the Wells Fargo Hybrid and Preferred Securities ex Financials Index. Both are passively managed. Over the past 5 years, HYGV returned 3.42%/yr vs 3.82%/yr for PFXF. A 0.65 correlation means they provide meaningful diversification when combined. HYGV charges 0.37%/yr vs 0.41%/yr for PFXF.
Performance
HYGV vs. PFXF - Performance Comparison
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Returns By Period
In the year-to-date period, HYGV achieves a 1.78% return, which is significantly lower than PFXF's 5.59% return.
HYGV
- 1D
- -0.10%
- 1M
- 0.69%
- YTD
- 1.78%
- 6M
- 2.06%
- 1Y
- 6.62%
- 3Y*
- 8.63%
- 5Y*
- 3.42%
- 10Y*
- —
PFXF
- 1D
- -1.30%
- 1M
- -0.84%
- YTD
- 5.59%
- 6M
- 4.73%
- 1Y
- 15.75%
- 3Y*
- 9.53%
- 5Y*
- 3.82%
- 10Y*
- 5.15%
HYGV vs. PFXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 1.78% | 7.92% | 8.02% | 12.11% | -12.60% | 5.93% | 8.01% | 15.76% | -4.15% |
PFXF VanEck Vectors Preferred Securities ex Financials ETF | 5.59% | 9.64% | 8.42% | 11.20% | -18.83% | 11.61% | 7.61% | 20.52% | -6.81% |
Correlation
The correlation between HYGV and PFXF is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2018 | 0.65 |
The correlation between HYGV and PFXF has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.
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Return for Risk
HYGV vs. PFXF — Risk / Return Rank
HYGV
PFXF
HYGV vs. PFXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and VanEck Vectors Preferred Securities ex Financials ETF (PFXF). 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.
| HYGV | PFXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.71 | -0.24 |
| Martin ratioReturn relative to average drawdown | 10.65 | 9.05 | +1.60 |
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Drawdowns
HYGV vs. PFXF - Drawdown Comparison
The maximum HYGV drawdown since its inception was -23.47%, smaller than the maximum PFXF drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for HYGV and PFXF.
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Drawdown Indicators
| HYGV | PFXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.47% | -35.49% | +12.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -5.83% | +3.15% |
Max Drawdown (3Y)Largest decline over 3 years | -5.56% | -11.90% | +6.34% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -21.80% | +4.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.49% | — |
Current DrawdownCurrent decline from peak | -0.17% | -3.64% | +3.47% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -3.90% | +0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 1.74% | -1.12% |
Volatility
HYGV vs. PFXF - Volatility Comparison
The current volatility for FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) is 1.04%, while VanEck Vectors Preferred Securities ex Financials ETF (PFXF) has a volatility of 3.70%. This indicates that HYGV experiences smaller price fluctuations and is considered to be less risky than PFXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYGV | PFXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 3.70% | -2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 7.35% | -4.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 9.43% | -5.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.60% | 11.00% | -3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.17% | 13.25% | -4.08% |
HYGV vs. PFXF - Expense Ratio Comparison
HYGV has a 0.37% expense ratio, which is lower than PFXF's 0.41% expense ratio.
Dividends
HYGV vs. PFXF - Dividend Comparison
HYGV's dividend yield for the trailing twelve months is around 7.38%, more than PFXF's 6.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 7.38% | 7.48% | 8.20% | 8.77% | 7.64% | 6.07% | 6.18% | 7.95% | 5.63% | 0.00% | 0.00% | 0.00% |
PFXF VanEck Vectors Preferred Securities ex Financials ETF | 6.25% | 6.72% | 7.82% | 7.88% | 6.74% | 4.66% | 5.19% | 5.35% | 6.56% | 5.93% | 5.81% | 5.99% |
Frequently Asked Questions
HYGV and PFXF have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFXF has higher volatility (3.70%) compared to HYGV (1.04%). In terms of maximum drawdown, HYGV dropped -23.47% vs PFXF's -35.49%.
On 5-year performance, PFXF leads with 3.82% vs 3.42% for HYGV. On fees, HYGV is cheaper at 0.37% per year. On volatility, HYGV has been the lower-risk option at 1.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PFXF has performed better with a 3.82% return vs 3.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYGV is cheaper with a 0.37% expense ratio, compared with 0.41% for PFXF.
HYGV has the higher dividend yield at 7.38%, compared with 6.25% for PFXF.
HYGV is categorized as High Yield Bonds, while PFXF is Preferred Stock/Convertible Bonds. HYGV tracks Northern Trust High Yield Value-Scored US Corporate Bond Index, while PFXF tracks Wells Fargo Hybrid and Preferred Securities ex Financials Index. They also come from different issuers: Northern Trust and VanEck. Their fees differ too: 0.37% for HYGV and 0.41% for PFXF.
HYGV currently has the higher Sharpe Ratio (1.71 vs 1.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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