HYLS vs. AGG
Compare and contrast key facts about First Trust Tactical High Yield ETF (HYLS) and iShares Core U.S. Aggregate Bond ETF (AGG).
HYLS and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYLS is an actively managed fund by First Trust. It was launched on Feb 27, 2013. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYLS or AGG.
Key characteristics
| HYLS | AGG | |
|---|---|---|
| YTD Return | 6.16% | 1.83% |
| 1Y Return | 12.83% | 8.19% |
| 3Y Return (Ann) | 2.02% | -2.19% |
| 5Y Return (Ann) | 3.24% | -0.18% |
| 10Y Return (Ann) | 3.88% | 1.46% |
| Sharpe Ratio | 2.97 | 1.37 |
| Sortino Ratio | 4.51 | 2.03 |
| Omega Ratio | 1.62 | 1.24 |
| Calmar Ratio | 1.94 | 0.53 |
| Martin Ratio | 18.37 | 4.90 |
| Ulcer Index | 0.72% | 1.67% |
| Daily Std Dev | 4.43% | 5.95% |
| Max Drawdown | -22.99% | -18.43% |
| Current Drawdown | -0.07% | -8.47% |
Correlation
The correlation between HYLS and AGG is 0.17, 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.
Performance
HYLS vs. AGG - Performance Comparison
In the year-to-date period, HYLS achieves a 6.16% return, which is significantly higher than AGG's 1.83% return. Over the past 10 years, HYLS has outperformed AGG with an annualized return of 3.88%, while AGG has yielded a comparatively lower 1.46% annualized 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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HYLS vs. AGG - Expense Ratio Comparison
HYLS has a 1.01% expense ratio, which is higher than AGG's 0.05% expense ratio.
Risk-Adjusted Performance
HYLS vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Tactical High Yield ETF (HYLS) and iShares Core U.S. Aggregate Bond ETF (AGG). 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
HYLS vs. AGG - Dividend Comparison
HYLS's dividend yield for the trailing twelve months is around 6.21%, more than AGG's 3.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLS First Trust Tactical High Yield ETF | 6.21% | 5.98% | 7.38% | 5.48% | 5.09% | 5.17% | 5.81% | 5.53% | 5.37% | 6.11% | 5.78% | 5.10% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.64% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
HYLS vs. AGG - Drawdown Comparison
The maximum HYLS drawdown since its inception was -22.99%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for HYLS and AGG. For additional features, visit the drawdowns tool.
Volatility
HYLS vs. AGG - Volatility Comparison
The current volatility for First Trust Tactical High Yield ETF (HYLS) is 0.92%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.78%. This indicates that HYLS experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.