PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
HYGW vs. TLTW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HYGW and TLTW is 0.38, 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: 0.4

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
12.94%
-6.71%
HYGW
TLTW

Key characteristics

Sharpe Ratio

HYGW:

0.69

TLTW:

0.71

Sortino Ratio

HYGW:

0.90

TLTW:

1.01

Omega Ratio

HYGW:

1.15

TLTW:

1.13

Calmar Ratio

HYGW:

0.90

TLTW:

0.41

Martin Ratio

HYGW:

6.20

TLTW:

1.44

Ulcer Index

HYGW:

0.40%

TLTW:

5.04%

Daily Std Dev

HYGW:

3.60%

TLTW:

10.16%

Max Drawdown

HYGW:

-5.49%

TLTW:

-18.59%

Current Drawdown

HYGW:

-2.77%

TLTW:

-7.53%

Returns By Period

In the year-to-date period, HYGW achieves a -1.51% return, which is significantly lower than TLTW's 6.47% return.


HYGW

YTD

-1.51%

1M

-2.68%

6M

-1.13%

1Y

2.53%

5Y*

N/A

10Y*

N/A

TLTW

YTD

6.47%

1M

2.18%

6M

0.39%

1Y

6.60%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


HYGW vs. TLTW - Expense Ratio Comparison

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


HYGW
iShares High Yield Corporate Bond Buywrite Strategy ETF
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 7777
Overall Rank
The Sharpe Ratio Rank of HYGW is 7373
Sharpe Ratio Rank
The Sortino Ratio Rank of HYGW is 6969
Sortino Ratio Rank
The Omega Ratio Rank of HYGW is 7575
Omega Ratio Rank
The Calmar Ratio Rank of HYGW is 8080
Calmar Ratio Rank
The Martin Ratio Rank of HYGW is 8888
Martin Ratio Rank

TLTW
The Risk-Adjusted Performance Rank of TLTW is 6666
Overall Rank
The Sharpe Ratio Rank of TLTW is 7272
Sharpe Ratio Rank
The Sortino Ratio Rank of TLTW is 7171
Sortino Ratio Rank
The Omega Ratio Rank of TLTW is 7171
Omega Ratio Rank
The Calmar Ratio Rank of TLTW is 6161
Calmar Ratio Rank
The Martin Ratio Rank of TLTW is 5656
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.


Sharpe ratio
The chart of Sharpe ratio for HYGW, currently valued at 0.69, compared to the broader market-1.000.001.002.003.004.00
HYGW: 0.69
TLTW: 0.71
The chart of Sortino ratio for HYGW, currently valued at 0.90, compared to the broader market-2.000.002.004.006.008.0010.00
HYGW: 0.90
TLTW: 1.01
The chart of Omega ratio for HYGW, currently valued at 1.15, compared to the broader market0.501.001.502.002.50
HYGW: 1.15
TLTW: 1.13
The chart of Calmar ratio for HYGW, currently valued at 0.90, compared to the broader market0.005.0010.0015.00
HYGW: 0.90
TLTW: 0.41
The chart of Martin ratio for HYGW, currently valued at 6.20, compared to the broader market0.0020.0040.0060.0080.00
HYGW: 6.20
TLTW: 1.44

The current HYGW Sharpe Ratio is 0.69, which is comparable to the TLTW Sharpe Ratio of 0.71. 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
0.69
0.71
HYGW
TLTW

Dividends

HYGW vs. TLTW - Dividend Comparison

HYGW's dividend yield for the trailing twelve months is around 11.77%, less than TLTW's 14.77% yield.


TTM202420232022
HYGW
iShares High Yield Corporate Bond Buywrite Strategy ETF
11.77%12.29%15.98%8.72%
TLTW
iShares 20+ Year Treasury Bond BuyWrite Strategy ETF
14.77%14.47%19.59%8.71%

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
-2.77%
-7.53%
HYGW
TLTW

Volatility

HYGW vs. TLTW - Volatility Comparison

iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) has a higher volatility of 2.34% compared to iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) at 2.10%. This indicates that HYGW's price experiences larger fluctuations and is considered to be riskier 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
2.34%
2.10%
HYGW
TLTW
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2025 PortfoliosLab