IBHI vs. HYGH
Compare and contrast key facts about iShares iBonds 2029 Term High Yield and Income ETF (IBHI) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
IBHI and HYGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBHI is a passively managed fund by iShares that tracks the performance of the Bloomberg 2029 Term High Yield and Income Index - Benchmark TR Gross. It was launched on Mar 8, 2022. 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: IBHI or HYGH.
Correlation
The correlation between IBHI and HYGH is 0.66, 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
IBHI vs. HYGH - Performance Comparison
Key characteristics
IBHI:
1.28
HYGH:
0.92
IBHI:
1.79
HYGH:
1.17
IBHI:
1.26
HYGH:
1.24
IBHI:
1.39
HYGH:
0.86
IBHI:
7.14
HYGH:
5.40
IBHI:
1.12%
HYGH:
1.28%
IBHI:
6.24%
HYGH:
7.55%
IBHI:
-13.65%
HYGH:
-23.88%
IBHI:
-1.48%
HYGH:
-2.05%
Returns By Period
In the year-to-date period, IBHI achieves a 0.43% return, which is significantly higher than HYGH's -0.29% return.
IBHI
0.43%
-0.29%
1.35%
8.48%
N/A
N/A
HYGH
-0.29%
-0.93%
1.57%
6.92%
8.49%
4.87%
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IBHI vs. HYGH - Expense Ratio Comparison
IBHI has a 0.35% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Risk-Adjusted Performance
IBHI vs. HYGH — Risk-Adjusted Performance Rank
IBHI
HYGH
IBHI vs. HYGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2029 Term High Yield and Income ETF (IBHI) 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
IBHI vs. HYGH - Dividend Comparison
IBHI's dividend yield for the trailing twelve months is around 6.86%, less than HYGH's 7.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBHI iShares iBonds 2029 Term High Yield and Income ETF | 6.86% | 6.66% | 6.48% | 5.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 7.68% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% | 3.62% |
Drawdowns
IBHI vs. HYGH - Drawdown Comparison
The maximum IBHI drawdown since its inception was -13.65%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for IBHI and HYGH. For additional features, visit the drawdowns tool.
Volatility
IBHI vs. HYGH - Volatility Comparison
The current volatility for iShares iBonds 2029 Term High Yield and Income ETF (IBHI) is 4.41%, while iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a volatility of 6.21%. This indicates that IBHI 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.