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IBHG vs. HYGW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IBHG and HYGW is 0.62, 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

IBHG vs. HYGW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2027 Term High Yield and Income ETF (IBHG) and iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

IBHG:

2.05

HYGW:

1.17

Sortino Ratio

IBHG:

2.83

HYGW:

1.66

Omega Ratio

IBHG:

1.41

HYGW:

1.28

Calmar Ratio

IBHG:

2.51

HYGW:

1.51

Martin Ratio

IBHG:

15.84

HYGW:

8.43

Ulcer Index

IBHG:

0.54%

HYGW:

0.61%

Daily Std Dev

IBHG:

4.37%

HYGW:

4.29%

Max Drawdown

IBHG:

-13.85%

HYGW:

-5.49%

Current Drawdown

IBHG:

-0.27%

HYGW:

-0.21%

Returns By Period

In the year-to-date period, IBHG achieves a 2.80% return, which is significantly higher than HYGW's 1.08% return.


IBHG

YTD

2.80%

1M

0.92%

6M

2.85%

1Y

8.59%

3Y*

7.19%

5Y*

N/A

10Y*

N/A

HYGW

YTD

1.08%

1M

0.69%

6M

0.96%

1Y

5.00%

3Y*

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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IBHG vs. HYGW - Expense Ratio Comparison

IBHG has a 0.35% expense ratio, which is lower than HYGW's 0.69% expense ratio.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

IBHG vs. HYGW — Risk-Adjusted Performance Rank

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

IBHG
The Risk-Adjusted Performance Rank of IBHG is 9595
Overall Rank
The Sharpe Ratio Rank of IBHG is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of IBHG is 9595
Sortino Ratio Rank
The Omega Ratio Rank of IBHG is 9595
Omega Ratio Rank
The Calmar Ratio Rank of IBHG is 9595
Calmar Ratio Rank
The Martin Ratio Rank of IBHG is 9797
Martin Ratio Rank

HYGW
The Risk-Adjusted Performance Rank of HYGW is 8888
Overall Rank
The Sharpe Ratio Rank of HYGW is 8585
Sharpe Ratio Rank
The Sortino Ratio Rank of HYGW is 8585
Sortino Ratio Rank
The Omega Ratio Rank of HYGW is 8989
Omega Ratio Rank
The Calmar Ratio Rank of HYGW is 8989
Calmar Ratio Rank
The Martin Ratio Rank of HYGW is 9191
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IBHG vs. HYGW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2027 Term High Yield and Income ETF (IBHG) and iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW). 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.


The current IBHG Sharpe Ratio is 2.05, which is higher than the HYGW Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of IBHG and HYGW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

IBHG vs. HYGW - Dividend Comparison

IBHG's dividend yield for the trailing twelve months is around 6.73%, less than HYGW's 12.45% yield.


TTM2024202320222021
IBHG
iShares iBonds 2027 Term High Yield and Income ETF
6.73%7.01%6.67%5.62%2.13%
HYGW
iShares High Yield Corporate Bond Buywrite Strategy ETF
12.45%12.29%15.98%8.72%0.00%

Drawdowns

IBHG vs. HYGW - Drawdown Comparison

The maximum IBHG drawdown since its inception was -13.85%, which is greater than HYGW's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for IBHG and HYGW.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

IBHG vs. HYGW - Volatility Comparison

iShares iBonds 2027 Term High Yield and Income ETF (IBHG) has a higher volatility of 1.32% compared to iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) at 0.85%. This indicates that IBHG's price experiences larger fluctuations and is considered to be riskier than HYGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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