IBHC vs. HYGH
Compare and contrast key facts about iShares iBonds 2023 Term High Yield & Income ETF (IBHC) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
IBHC and HYGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBHC is a passively managed fund by iShares that tracks the performance of the Bloomberg 2023 Term High Yield and Income Index. It was launched on May 7, 2019. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBHC or HYGH.
Key characteristics
| IBHC | HYGH |
|---|
Correlation
The correlation between IBHC and HYGH is 0.53, 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
IBHC vs. HYGH - Performance Comparison
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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IBHC vs. HYGH - Expense Ratio Comparison
IBHC has a 0.35% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Risk-Adjusted Performance
IBHC vs. HYGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2023 Term High Yield & Income ETF (IBHC) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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
IBHC vs. HYGH - Dividend Comparison
IBHC has not paid dividends to shareholders, while HYGH's dividend yield for the trailing twelve months is around 8.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBHC iShares iBonds 2023 Term High Yield & Income ETF | 0.41% | 4.16% | 3.02% | 4.27% | 5.51% | 3.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 8.18% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.59% | 5.74% | 3.62% |
Drawdowns
IBHC vs. HYGH - Drawdown Comparison
Volatility
IBHC vs. HYGH - Volatility Comparison
The current volatility for iShares iBonds 2023 Term High Yield & Income ETF (IBHC) is 0.00%, while iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a volatility of 1.03%. This indicates that IBHC experiences smaller price fluctuations and is considered to be less risky than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.