IGLB vs. HYG
Compare and contrast key facts about iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
IGLB and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGLB is a passively managed fund by iShares that tracks the performance of the ICE BofAML10+ Year US Corporate Index. It was launched on Dec 8, 2009. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007. Both IGLB and HYG 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: IGLB or HYG.
Performance
IGLB vs. HYG - Performance Comparison
Returns By Period
Over the past 10 years, IGLB has underperformed HYG with an annualized return of 2.44%, while HYG has yielded a comparatively higher 3.96% annualized return.
IGLB
0.00%
-3.85%
3.06%
10.37%
-1.21%
2.44%
HYG
8.25%
-0.13%
6.14%
13.37%
3.50%
3.96%
Key characteristics
| IGLB | HYG | |
|---|---|---|
| Sharpe Ratio | 1.08 | 2.91 |
| Sortino Ratio | 1.57 | 4.53 |
| Omega Ratio | 1.18 | 1.57 |
| Calmar Ratio | 0.43 | 2.48 |
| Martin Ratio | 3.24 | 21.88 |
| Ulcer Index | 3.56% | 0.62% |
| Daily Std Dev | 10.74% | 4.65% |
| Max Drawdown | -34.12% | -34.24% |
| Current Drawdown | -19.20% | -0.71% |
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IGLB vs. HYG - Expense Ratio Comparison
IGLB has a 0.06% expense ratio, which is lower than HYG's 0.49% expense ratio.
Correlation
The correlation between IGLB and HYG is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
IGLB vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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
IGLB vs. HYG - Dividend Comparison
IGLB's dividend yield for the trailing twelve months is around 4.96%, less than HYG's 5.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 4.96% | 4.59% | 4.56% | 3.16% | 3.23% | 3.73% | 4.56% | 3.94% | 4.21% | 4.58% | 4.12% | 5.08% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.90% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
Drawdowns
IGLB vs. HYG - Drawdown Comparison
The maximum IGLB drawdown since its inception was -34.12%, roughly equal to the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for IGLB and HYG. For additional features, visit the drawdowns tool.
Volatility
IGLB vs. HYG - Volatility Comparison
iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) has a higher volatility of 3.73% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.13%. This indicates that IGLB's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.