HYXU vs. WIP
Compare and contrast key facts about iShares International High Yield Bond ETF (HYXU) and SPDR FTSE International Government Inflation-Protected Bond ETF (WIP).
HYXU and WIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYXU is a passively managed fund by iShares that tracks the performance of the Markit iBoxx Global Developed Markets ex-US High Yield Index. It was launched on Apr 3, 2012. WIP is a passively managed fund by State Street that tracks the performance of the FTSE International Inflation-Linked Securities Select (USD). It was launched on Mar 13, 2008. Both HYXU and WIP 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: HYXU or WIP.
Key characteristics
| HYXU | WIP | |
|---|---|---|
| YTD Return | 3.11% | -4.30% |
| 1Y Return | 11.99% | 3.46% |
| 3Y Return (Ann) | -0.19% | -5.12% |
| 5Y Return (Ann) | 2.17% | -1.33% |
| 10Y Return (Ann) | 1.70% | -0.31% |
| Sharpe Ratio | 1.57 | 0.36 |
| Sortino Ratio | 2.35 | 0.62 |
| Omega Ratio | 1.28 | 1.07 |
| Calmar Ratio | 0.77 | 0.18 |
| Martin Ratio | 6.36 | 0.75 |
| Ulcer Index | 1.92% | 4.81% |
| Daily Std Dev | 7.80% | 9.94% |
| Max Drawdown | -32.45% | -29.59% |
| Current Drawdown | -5.06% | -16.13% |
Correlation
The correlation between HYXU and WIP is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HYXU vs. WIP - Performance Comparison
In the year-to-date period, HYXU achieves a 3.11% return, which is significantly higher than WIP's -4.30% return. Over the past 10 years, HYXU has outperformed WIP with an annualized return of 1.70%, while WIP has yielded a comparatively lower -0.31% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HYXU vs. WIP - Expense Ratio Comparison
HYXU has a 0.40% expense ratio, which is lower than WIP's 0.50% expense ratio.
Risk-Adjusted Performance
HYXU vs. WIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International High Yield Bond ETF (HYXU) and SPDR FTSE International Government Inflation-Protected Bond ETF (WIP). 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
HYXU vs. WIP - Dividend Comparison
HYXU's dividend yield for the trailing twelve months is around 3.28%, less than WIP's 5.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYXU iShares International High Yield Bond ETF | 3.28% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.50% | 3.25% | 4.55% | 5.02% |
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 5.96% | 6.54% | 11.15% | 4.63% | 1.59% | 2.49% | 4.05% | 1.92% | 1.26% | 1.14% | 2.56% | 2.39% |
Drawdowns
HYXU vs. WIP - Drawdown Comparison
The maximum HYXU drawdown since its inception was -32.45%, which is greater than WIP's maximum drawdown of -29.59%. Use the drawdown chart below to compare losses from any high point for HYXU and WIP. For additional features, visit the drawdowns tool.
Volatility
HYXU vs. WIP - Volatility Comparison
iShares International High Yield Bond ETF (HYXU) has a higher volatility of 2.13% compared to SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) at 1.90%. This indicates that HYXU's price experiences larger fluctuations and is considered to be riskier than WIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.