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

Performance

HYGW vs. HYGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV). The values are adjusted to include any dividend payments, if applicable.

10.00%12.00%14.00%16.00%18.00%20.00%JuneJulyAugustSeptemberOctoberNovember
14.78%
19.17%
HYGW
HYGV

Returns By Period

In the year-to-date period, HYGW achieves a 7.08% return, which is significantly lower than HYGV's 8.07% return.


HYGW

YTD

7.08%

1M

0.80%

6M

3.96%

1Y

8.73%

5Y (annualized)

N/A

10Y (annualized)

N/A

HYGV

YTD

8.07%

1M

1.20%

6M

5.79%

1Y

12.65%

5Y (annualized)

4.80%

10Y (annualized)

N/A

Key characteristics


HYGWHYGV
Sharpe Ratio3.282.85
Sortino Ratio5.054.47
Omega Ratio1.711.57
Calmar Ratio5.412.00
Martin Ratio31.7921.21
Ulcer Index0.27%0.60%
Daily Std Dev2.66%4.45%
Max Drawdown-5.49%-23.47%
Current Drawdown-0.52%-0.41%

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HYGW vs. HYGV - Expense Ratio Comparison

HYGW has a 0.69% expense ratio, which is higher than HYGV's 0.37% expense ratio.


HYGW
iShares High Yield Corporate Bond Buywrite Strategy ETF
Expense ratio chart for HYGW: current value at 0.69% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.69%
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%

Correlation

-0.50.00.51.00.8

The correlation between HYGW and HYGV is 0.83, 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.

Risk-Adjusted Performance

HYGW vs. HYGV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV). 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.


Sharpe ratio
The chart of Sharpe ratio for HYGW, currently valued at 3.28, compared to the broader market0.002.004.003.282.85
The chart of Sortino ratio for HYGW, currently valued at 5.05, compared to the broader market-2.000.002.004.006.008.0010.0012.005.054.47
The chart of Omega ratio for HYGW, currently valued at 1.71, compared to the broader market0.501.001.502.002.503.001.711.57
The chart of Calmar ratio for HYGW, currently valued at 5.41, compared to the broader market0.005.0010.0015.005.415.41
The chart of Martin ratio for HYGW, currently valued at 31.79, compared to the broader market0.0020.0040.0060.0080.00100.00120.0031.7921.21
HYGW
HYGV

The current HYGW Sharpe Ratio is 3.28, which is comparable to the HYGV Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of HYGW and HYGV, 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 Ratio1.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
3.28
2.85
HYGW
HYGV

Dividends

HYGW vs. HYGV - Dividend Comparison

HYGW's dividend yield for the trailing twelve months is around 12.59%, more than HYGV's 8.26% yield.


TTM202320222021202020192018
HYGW
iShares High Yield Corporate Bond Buywrite Strategy ETF
12.59%15.98%8.72%0.00%0.00%0.00%0.00%
HYGV
FlexShares High Yield Value-Scored US Bond Index Fund
8.26%8.77%7.64%7.15%6.18%7.95%5.63%

Drawdowns

HYGW vs. HYGV - Drawdown Comparison

The maximum HYGW drawdown since its inception was -5.49%, smaller than the maximum HYGV drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for HYGW and HYGV. For additional features, visit the drawdowns tool.


-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.52%
-0.41%
HYGW
HYGV

Volatility

HYGW vs. HYGV - Volatility Comparison

iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) has a higher volatility of 1.07% compared to FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) at 0.97%. This indicates that HYGW's price experiences larger fluctuations and is considered to be riskier than HYGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.40%0.60%0.80%1.00%1.20%1.40%JuneJulyAugustSeptemberOctoberNovember
1.07%
0.97%
HYGW
HYGV