HYXF vs. FDGFX
HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) and FDGFX (Fidelity Dividend Growth Fund) are both funds - HYXF is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while FDGFX is a Large Cap Blend Equities fund actively managed by Fidelity. HYXF is passively managed, while FDGFX is actively managed. Over the past 10 years, HYXF returned 5.08%/yr vs 14.35%/yr for FDGFX. A 0.56 correlation means they provide meaningful diversification when combined. HYXF charges 0.35%/yr vs 0.48%/yr for FDGFX.
Performance
HYXF vs. FDGFX - Performance Comparison
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Returns By Period
In the year-to-date period, HYXF achieves a 1.27% return, which is significantly lower than FDGFX's 15.34% return. Over the past 10 years, HYXF has underperformed FDGFX with an annualized return of 5.08%, while FDGFX has yielded a comparatively higher 14.35% annualized return.
HYXF
- 1D
- 0.10%
- 1M
- 0.74%
- YTD
- 1.27%
- 6M
- 1.31%
- 1Y
- 5.04%
- 3Y*
- 8.96%
- 5Y*
- 3.57%
- 10Y*
- 5.08%
FDGFX
- 1D
- -2.22%
- 1M
- 0.49%
- YTD
- 15.34%
- 6M
- 14.24%
- 1Y
- 34.29%
- 3Y*
- 26.37%
- 5Y*
- 15.54%
- 10Y*
- 14.35%
HYXF vs. FDGFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 1.27% | 8.88% | 8.35% | 11.87% | -11.90% | 2.60% | 6.07% | 14.87% | -0.24% | 6.89% |
FDGFX Fidelity Dividend Growth Fund | 15.34% | 22.48% | 27.58% | 17.86% | -11.61% | 27.96% | 2.20% | 28.75% | -7.23% | 18.05% |
Correlation
The correlation between HYXF and FDGFX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2016 | 0.56 |
The correlation between HYXF and FDGFX shifts across timeframes, from 0.56 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HYXF vs. FDGFX — Risk / Return Rank
HYXF
FDGFX
HYXF vs. FDGFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) and Fidelity Dividend Growth Fund (FDGFX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYXF | FDGFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.44 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 3.55 | -1.58 |
| Martin ratioReturn relative to average drawdown | 8.80 | 15.54 | -6.74 |
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Drawdowns
HYXF vs. FDGFX - Drawdown Comparison
The maximum HYXF drawdown since its inception was -18.75%, smaller than the maximum FDGFX drawdown of -60.77%. Use the drawdown chart below to compare losses from any high point for HYXF and FDGFX.
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Drawdown Indicators
| HYXF | FDGFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -60.77% | +42.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -10.16% | +7.59% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -21.37% | +16.56% |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | -21.37% | +5.37% |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | -41.29% | +22.54% |
Current DrawdownCurrent decline from peak | -0.15% | -2.68% | +2.53% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -7.51% | +4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.31% | -1.74% |
Volatility
HYXF vs. FDGFX - Volatility Comparison
The current volatility for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) is 1.13%, while Fidelity Dividend Growth Fund (FDGFX) has a volatility of 6.49%. This indicates that HYXF experiences smaller price fluctuations and is considered to be less risky than FDGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYXF | FDGFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 6.49% | -5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 11.93% | -8.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 14.67% | -10.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 16.77% | -8.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.31% | 19.27% | -10.96% |
HYXF vs. FDGFX - Expense Ratio Comparison
HYXF has a 0.35% expense ratio, which is lower than FDGFX's 0.48% expense ratio.
Dividends
HYXF vs. FDGFX - Dividend Comparison
HYXF's dividend yield for the trailing twelve months is around 6.07%, less than FDGFX's 8.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDGFX Fidelity Dividend Growth Fund | 8.28% | 9.35% | 9.81% | 3.48% | 11.46% | 7.81% | 1.89% | 4.84% | 22.93% | 15.35% | 1.58% | 8.44% |
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.07% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% | 0.00% |
Frequently Asked Questions
HYXF and FDGFX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDGFX has higher volatility (6.49%) compared to HYXF (1.13%). In terms of maximum drawdown, HYXF dropped -18.75% vs FDGFX's -60.77%.
FDGFX currently has the higher Sharpe Ratio (2.46 vs 1.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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