HYXF vs. VEGN
HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) and VEGN (US Vegan Climate ETF) are both exchange-traded funds - HYXF is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while VEGN is a Large Cap Growth Equities fund tracking the US Vegan Climate Index. Both are passively managed. Over the past 5 years, HYXF returned 3.61%/yr vs 16.04%/yr for VEGN. A 0.66 correlation means they provide meaningful diversification when combined. HYXF charges 0.35%/yr vs 0.60%/yr for VEGN.
Performance
HYXF vs. VEGN - Performance Comparison
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Returns By Period
In the year-to-date period, HYXF achieves a 1.06% return, which is significantly lower than VEGN's 29.30% return.
HYXF
- 1D
- -0.05%
- 1M
- 0.47%
- YTD
- 1.06%
- 6M
- 1.78%
- 1Y
- 5.83%
- 3Y*
- 8.51%
- 5Y*
- 3.61%
- 10Y*
- —
VEGN
- 1D
- 1.15%
- 1M
- 6.90%
- YTD
- 29.30%
- 6M
- 29.81%
- 1Y
- 47.39%
- 3Y*
- 27.86%
- 5Y*
- 16.04%
- 10Y*
- —
HYXF vs. VEGN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 1.06% | 8.88% | 8.35% | 11.87% | -11.90% | 2.60% | 6.07% | 2.36% |
VEGN US Vegan Climate ETF | 29.30% | 13.71% | 25.42% | 38.10% | -26.87% | 26.01% | 27.72% | 9.45% |
Correlation
The correlation between HYXF and VEGN is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2019 | 0.66 |
The correlation between HYXF and VEGN has been stable across timeframes, ranging from 0.57 to 0.66 - a consistent structural relationship.
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Return for Risk
HYXF vs. VEGN — Risk / Return Rank
HYXF
VEGN
HYXF vs. VEGN - 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 US Vegan Climate ETF (VEGN). 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 | VEGN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.44 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 3.82 | -1.56 |
| Martin ratioReturn relative to average drawdown | 10.11 | 14.98 | -4.87 |
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Drawdowns
HYXF vs. VEGN - Drawdown Comparison
The maximum HYXF drawdown since its inception was -18.75%, smaller than the maximum VEGN drawdown of -34.14%. Use the drawdown chart below to compare losses from any high point for HYXF and VEGN.
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Drawdown Indicators
| HYXF | VEGN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -34.14% | +15.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -11.85% | +9.28% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -20.91% | +16.10% |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | -33.40% | +17.40% |
Current DrawdownCurrent decline from peak | -0.13% | -2.71% | +2.58% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -7.57% | +5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 3.02% | -2.45% |
Volatility
HYXF vs. VEGN - Volatility Comparison
The current volatility for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) is 1.26%, while US Vegan Climate ETF (VEGN) has a volatility of 8.77%. This indicates that HYXF experiences smaller price fluctuations and is considered to be less risky than VEGN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYXF | VEGN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 8.77% | -7.51% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 15.05% | -12.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 17.62% | -13.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 20.48% | -12.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.31% | 22.87% | -14.56% |
HYXF vs. VEGN - Expense Ratio Comparison
HYXF has a 0.35% expense ratio, which is lower than VEGN's 0.60% expense ratio.
Dividends
HYXF vs. VEGN - Dividend Comparison
HYXF's dividend yield for the trailing twelve months is around 6.09%, more than VEGN's 0.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VEGN US Vegan Climate ETF | 0.50% | 0.51% | 0.51% | 0.67% | 0.81% | 0.41% | 0.71% | 0.29% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYXF and VEGN have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEGN has higher volatility (8.77%) compared to HYXF (1.26%). In terms of maximum drawdown, HYXF dropped -18.75% vs VEGN's -34.14%.
On 5-year performance, VEGN leads with 16.04% vs 3.61% for HYXF. On fees, HYXF is cheaper at 0.35% per year. On volatility, HYXF has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VEGN has performed better with a 16.04% return vs 3.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYXF is cheaper with a 0.35% expense ratio, compared with 0.60% for VEGN.
HYXF has the higher dividend yield at 6.09%, compared with 0.50% for VEGN.
HYXF is categorized as High Yield Bonds, while VEGN is Large Cap Growth Equities. HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while VEGN tracks US Vegan Climate Index. They also come from different issuers: iShares and Beyond Investing. Their fees differ too: 0.35% for HYXF and 0.60% for VEGN.
VEGN currently has the higher Sharpe Ratio (2.57 vs 1.52), 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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