HYGV vs. SPY
Compare and contrast key facts about FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and SPDR S&P 500 ETF (SPY).
HYGV and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both HYGV and SPY 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 SPY.
Key characteristics
| HYGV | SPY | |
|---|---|---|
| YTD Return | 8.52% | 27.04% |
| 1Y Return | 15.17% | 39.75% |
| 3Y Return (Ann) | 2.47% | 10.21% |
| 5Y Return (Ann) | 4.76% | 15.93% |
| Sharpe Ratio | 3.10 | 3.15 |
| Sortino Ratio | 4.83 | 4.19 |
| Omega Ratio | 1.63 | 1.59 |
| Calmar Ratio | 1.78 | 4.60 |
| Martin Ratio | 24.16 | 20.85 |
| Ulcer Index | 0.59% | 1.85% |
| Daily Std Dev | 4.58% | 12.29% |
| Max Drawdown | -23.47% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between HYGV and SPY is 0.73, 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. SPY - Performance Comparison
In the year-to-date period, HYGV achieves a 8.52% return, which is significantly lower than SPY's 27.04% 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. SPY - Expense Ratio Comparison
HYGV has a 0.37% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
HYGV vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
HYGV's dividend yield for the trailing twelve months is around 8.23%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 8.23% | 8.77% | 7.64% | 7.15% | 6.18% | 7.95% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
HYGV vs. SPY - Drawdown Comparison
The maximum HYGV drawdown since its inception was -23.47%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HYGV and SPY. For additional features, visit the drawdowns tool.
Volatility
HYGV vs. SPY - Volatility Comparison
The current volatility for FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) is 1.03%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. This indicates that HYGV experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.