HYTR vs. SGOV
Compare and contrast key facts about CP High Yield Trend ETF (HYTR) and iShares 0-3 Month Treasury Bond ETF (SGOV).
HYTR and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020. Both HYTR and SGOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYTR or SGOV.
Correlation
The correlation between HYTR and SGOV is 0.01, 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
HYTR vs. SGOV - Performance Comparison
Key characteristics
HYTR:
1.30
SGOV:
21.76
HYTR:
1.87
SGOV:
517.08
HYTR:
1.29
SGOV:
518.08
HYTR:
1.35
SGOV:
530.63
HYTR:
7.49
SGOV:
8,423.56
HYTR:
1.00%
SGOV:
0.00%
HYTR:
5.75%
SGOV:
0.24%
HYTR:
-13.24%
SGOV:
-0.03%
HYTR:
-1.83%
SGOV:
0.00%
Returns By Period
In the year-to-date period, HYTR achieves a 6.82% return, which is significantly higher than SGOV's 5.11% return.
HYTR
6.82%
-0.42%
4.25%
7.12%
N/A
N/A
SGOV
5.11%
0.38%
2.54%
5.29%
N/A
N/A
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HYTR vs. SGOV - Expense Ratio Comparison
HYTR has a 0.97% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
HYTR vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
HYTR's dividend yield for the trailing twelve months is around 5.40%, more than SGOV's 5.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
HYTR CP High Yield Trend ETF | 5.40% | 5.43% | 1.24% | 3.71% | 3.06% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.11% | 4.87% | 1.45% | 0.03% | 0.04% |
Drawdowns
HYTR vs. SGOV - Drawdown Comparison
The maximum HYTR drawdown since its inception was -13.24%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for HYTR and SGOV. For additional features, visit the drawdowns tool.
Volatility
HYTR vs. SGOV - Volatility Comparison
CP High Yield Trend ETF (HYTR) has a higher volatility of 1.31% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.07%. This indicates that HYTR's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.