HYXF vs. FDGFX

Last updated Jun 4, 2026

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 Value Equities fund managed by Fidelity. Over the past 5 years, HYXF returned 3.66%/yr vs 16.05%/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

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) and Fidelity Dividend Growth Fund (FDGFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYXF achieves a 0.91% return, which is significantly lower than FDGFX's 17.51% return.

HYXF

• 1D: -0.24%
• 1M: 0.34%
• YTD: 0.91%
• 6M: 1.51%
• 1Y: 5.86%
• 3Y*: 8.56%
• 5Y*: 3.66%
• 10Y*: —

FDGFX

• 1D: -0.08%
• 1M: 5.10%
• YTD: 17.51%
• 6M: 19.03%
• 1Y: 39.07%
• 3Y*: 27.43%
• 5Y*: 16.05%
• 10Y*: 14.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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	0.91%	8.88%	8.35%	11.87%	-11.90%	2.60%	6.07%	14.87%	-0.24%	6.89%
FDGFX Fidelity Dividend Growth Fund	17.51%	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 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jun 20, 2016	0.56

The correlation between HYXF and FDGFX shifts across timeframes, from 0.56 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

HYXF vs. FDGFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYXF

HYXF Risk / Return Rank: 49
HYXF Sharpe Ratio Rank: 45
HYXF Sortino Ratio Rank: 48
HYXF Omega Ratio Rank: 46
HYXF Calmar Ratio Rank: 47
HYXF Martin Ratio Rank: 59

FDGFX

FDGFX Risk / Return Rank: 86
FDGFX Sharpe Ratio Rank: 90
FDGFX Sortino Ratio Rank: 84
FDGFX Omega Ratio Rank: 81
FDGFX Calmar Ratio Rank: 84
FDGFX Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	HYXF	FDGFX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.98	-1.42
Sortino ratio: Return per unit of downside risk	2.35	3.97	-1.62
Omega ratio: Gain probability vs. loss probability	1.29	1.53	-0.24
Calmar ratio: Return relative to maximum drawdown	2.29	3.96	-1.67
Martin ratio: Return relative to average drawdown	10.32	17.79	-7.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYXF vs. FDGFX - Sharpe Ratio Comparison

The current HYXF Sharpe Ratio is 1.56, which is lower than the FDGFX Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of HYXF and FDGFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYXF	FDGFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	2.98	-1.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.97	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.53	+0.08

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.

Drawdown Indicators

	HYXF	FDGFX	Difference
Max Drawdown Largest 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	—	-41.29%	—
Current Drawdown Current decline from peak	-0.27%	-0.08%	-0.19%
Average Drawdown Average peak-to-trough decline	-2.58%	-7.52%	+4.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.57%	2.26%	-1.69%

Volatility

HYXF vs. FDGFX - Volatility Comparison

The current volatility for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) is 1.15%, while Fidelity Dividend Growth Fund (FDGFX) has a volatility of 4.03%. 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.

Volatility by Period

	HYXF	FDGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	4.03%	-2.88%
Volatility (6M) Calculated over the trailing 6-month period	2.93%	10.59%	-7.66%
Volatility (1Y) Calculated over the trailing 1-year period	3.78%	13.48%	-9.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.04%	16.59%	-8.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.32%	19.22%	-10.90%

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 6.09%, less than FDGFX's 8.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDGFX Fidelity Dividend Growth Fund	8.12%	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	6.09%	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

Can I hold both HYXF and FDGFX in my portfolio?

HYXF and FDGFX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYXF or FDGFX?

FDGFX has higher volatility (4.03%) compared to HYXF (1.15%). In terms of maximum drawdown, HYXF dropped -18.75% vs FDGFX's -60.77%.

Which has better risk-adjusted returns?

FDGFX currently has the higher Sharpe Ratio (2.98 vs 1.56), 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.