HYTR vs. GAIN
Compare and contrast key facts about CP High Yield Trend ETF (HYTR) and Gladstone Investment Corporation (GAIN).
HYTR is a passively managed fund by Counterpoint Mutual Funds LLC that tracks the performance of the CP High Yield Trend Index. It was launched on Jan 21, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYTR or GAIN.
Performance
HYTR vs. GAIN - Performance Comparison
Returns By Period
In the year-to-date period, HYTR achieves a 7.04% return, which is significantly lower than GAIN's 8.75% return.
HYTR
7.04%
-0.25%
5.10%
12.15%
N/A
N/A
GAIN
8.75%
-1.56%
6.09%
12.22%
11.24%
17.79%
Key characteristics
| HYTR | GAIN | |
|---|---|---|
| Sharpe Ratio | 2.08 | 0.64 |
| Sortino Ratio | 3.09 | 0.98 |
| Omega Ratio | 1.48 | 1.12 |
| Calmar Ratio | 1.38 | 0.93 |
| Martin Ratio | 12.72 | 2.37 |
| Ulcer Index | 0.96% | 5.06% |
| Daily Std Dev | 5.90% | 18.69% |
| Max Drawdown | -13.24% | -80.87% |
| Current Drawdown | -1.62% | -1.84% |
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Correlation
The correlation between HYTR and GAIN is 0.28, 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.
Risk-Adjusted Performance
HYTR vs. GAIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) and Gladstone Investment Corporation (GAIN). 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
HYTR vs. GAIN - Dividend Comparison
HYTR's dividend yield for the trailing twelve months is around 5.67%, less than GAIN's 18.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYTR CP High Yield Trend ETF | 5.67% | 5.43% | 1.24% | 3.71% | 3.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GAIN Gladstone Investment Corporation | 17.72% | 17.24% | 9.88% | 6.06% | 9.22% | 7.74% | 9.88% | 7.94% | 8.87% | 9.68% | 11.00% | 8.44% |
Drawdowns
HYTR vs. GAIN - Drawdown Comparison
The maximum HYTR drawdown since its inception was -13.24%, smaller than the maximum GAIN drawdown of -80.87%. Use the drawdown chart below to compare losses from any high point for HYTR and GAIN. For additional features, visit the drawdowns tool.
Volatility
HYTR vs. GAIN - Volatility Comparison
The current volatility for CP High Yield Trend ETF (HYTR) is 1.07%, while Gladstone Investment Corporation (GAIN) has a volatility of 6.10%. This indicates that HYTR experiences smaller price fluctuations and is considered to be less risky than GAIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.