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

Correlation

The correlation between HYGW and TLTW is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.2

Performance

HYGW vs. TLTW - 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 iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%20.00%NovemberDecember2025FebruaryMarchApril
15.13%
-8.95%
HYGW
TLTW

Key characteristics

Sharpe Ratio

HYGW:

1.16

TLTW:

0.78

Sortino Ratio

HYGW:

1.60

TLTW:

1.08

Omega Ratio

HYGW:

1.27

TLTW:

1.14

Calmar Ratio

HYGW:

1.44

TLTW:

0.47

Martin Ratio

HYGW:

8.32

TLTW:

1.57

Ulcer Index

HYGW:

0.59%

TLTW:

5.20%

Daily Std Dev

HYGW:

4.25%

TLTW:

10.51%

Max Drawdown

HYGW:

-5.49%

TLTW:

-18.59%

Current Drawdown

HYGW:

-0.89%

TLTW:

-9.76%

Returns By Period

In the year-to-date period, HYGW achieves a 0.40% return, which is significantly lower than TLTW's 3.90% return.


HYGW

YTD

0.40%

1M

-0.51%

6M

1.04%

1Y

4.90%

5Y*

N/A

10Y*

N/A

TLTW

YTD

3.90%

1M

0.69%

6M

1.06%

1Y

8.79%

5Y*

N/A

10Y*

N/A

*Annualized

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HYGW vs. TLTW - Expense Ratio Comparison

HYGW has a 0.69% expense ratio, which is higher than TLTW's 0.35% expense ratio.


Expense ratio chart for HYGW: current value is 0.69%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HYGW: 0.69%
Expense ratio chart for TLTW: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TLTW: 0.35%

Risk-Adjusted Performance

HYGW vs. TLTW — 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 8484
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 8989
Calmar Ratio Rank
The Martin Ratio Rank of HYGW is 9191
Martin Ratio Rank

TLTW
The Risk-Adjusted Performance Rank of TLTW is 6565
Overall Rank
The Sharpe Ratio Rank of TLTW is 7373
Sharpe Ratio Rank
The Sortino Ratio Rank of TLTW is 7070
Sortino Ratio Rank
The Omega Ratio Rank of TLTW is 6969
Omega Ratio Rank
The Calmar Ratio Rank of TLTW is 6060
Calmar Ratio Rank
The Martin Ratio Rank of TLTW is 5454
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. TLTW - 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 iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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 chart of Sharpe ratio for HYGW, currently valued at 1.16, compared to the broader market-1.000.001.002.003.004.00
HYGW: 1.16
TLTW: 0.78
The chart of Sortino ratio for HYGW, currently valued at 1.60, compared to the broader market-2.000.002.004.006.008.00
HYGW: 1.60
TLTW: 1.08
The chart of Omega ratio for HYGW, currently valued at 1.27, compared to the broader market0.501.001.502.002.50
HYGW: 1.27
TLTW: 1.14
The chart of Calmar ratio for HYGW, currently valued at 1.44, compared to the broader market0.002.004.006.008.0010.0012.00
HYGW: 1.44
TLTW: 0.47
The chart of Martin ratio for HYGW, currently valued at 8.32, compared to the broader market0.0020.0040.0060.00
HYGW: 8.32
TLTW: 1.57

The current HYGW Sharpe Ratio is 1.16, which is higher than the TLTW Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of HYGW and TLTW, 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 Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
1.16
0.78
HYGW
TLTW

Dividends

HYGW vs. TLTW - Dividend Comparison

HYGW's dividend yield for the trailing twelve months is around 11.55%, less than TLTW's 15.13% yield.


Drawdowns

HYGW vs. TLTW - Drawdown Comparison

The maximum HYGW drawdown since its inception was -5.49%, smaller than the maximum TLTW drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for HYGW and TLTW. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-0.89%
-9.76%
HYGW
TLTW

Volatility

HYGW vs. TLTW - Volatility Comparison

The current volatility for iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) is 3.32%, while iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) has a volatility of 4.82%. This indicates that HYGW experiences smaller price fluctuations and is considered to be less risky than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%NovemberDecember2025FebruaryMarchApril
3.32%
4.82%
HYGW
TLTW