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

Correlation

The correlation between HYGW and HYGV is 0.62, 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

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.

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Key characteristics

Sharpe Ratio

HYGW:

1.28

HYGV:

1.39

Sortino Ratio

HYGW:

1.66

HYGV:

1.77

Omega Ratio

HYGW:

1.28

HYGV:

1.28

Calmar Ratio

HYGW:

1.50

HYGV:

1.41

Martin Ratio

HYGW:

8.41

HYGV:

6.81

Ulcer Index

HYGW:

0.61%

HYGV:

1.16%

Daily Std Dev

HYGW:

4.28%

HYGV:

6.29%

Max Drawdown

HYGW:

-5.49%

HYGV:

-23.47%

Current Drawdown

HYGW:

-0.08%

HYGV:

0.00%

Returns By Period

In the year-to-date period, HYGW achieves a 1.22% return, which is significantly lower than HYGV's 2.01% return.


HYGW

YTD

1.22%

1M

0.46%

6M

0.72%

1Y

5.45%

3Y*

N/A

5Y*

N/A

10Y*

N/A

HYGV

YTD

2.01%

1M

1.47%

6M

1.50%

1Y

8.68%

3Y*

5.32%

5Y*

5.59%

10Y*

N/A

*Annualized

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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.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

HYGW vs. HYGV — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYGW
The Risk-Adjusted Performance Rank of HYGW is 8787
Overall Rank
The Sharpe Ratio Rank of HYGW is 8686
Sharpe Ratio Rank
The Sortino Ratio Rank of HYGW is 8383
Sortino Ratio Rank
The Omega Ratio Rank of HYGW is 8888
Omega Ratio Rank
The Calmar Ratio Rank of HYGW is 8888
Calmar Ratio Rank
The Martin Ratio Rank of HYGW is 9191
Martin Ratio Rank

HYGV
The Risk-Adjusted Performance Rank of HYGV is 8787
Overall Rank
The Sharpe Ratio Rank of HYGV is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of HYGV is 8585
Sortino Ratio Rank
The Omega Ratio Rank of HYGV is 8888
Omega Ratio Rank
The Calmar Ratio Rank of HYGV is 8787
Calmar Ratio Rank
The Martin Ratio Rank of HYGV is 8888
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current HYGW Sharpe Ratio is 1.28, which is comparable to the HYGV Sharpe Ratio of 1.39. 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.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

HYGW vs. HYGV - Dividend Comparison

HYGW's dividend yield for the trailing twelve months is around 12.44%, more than HYGV's 7.88% yield.


TTM2024202320222021202020192018
HYGW
iShares High Yield Corporate Bond Buywrite Strategy ETF
12.44%12.29%15.98%8.72%0.00%0.00%0.00%0.00%
HYGV
FlexShares High Yield Value-Scored US Bond Index Fund
7.88%8.20%8.77%7.64%6.07%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.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

HYGW vs. HYGV - Volatility Comparison

The current volatility for iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) is 0.81%, while FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) has a volatility of 2.02%. This indicates that HYGW experiences smaller price fluctuations and is considered to be less risky than HYGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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