IHYF vs. HYGW
Compare and contrast key facts about Invesco High Yield Bond Factor ETF (IHYF) and iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW).
IHYF and HYGW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IHYF is an actively managed fund by Invesco. It was launched on Nov 30, 2020. HYGW is a passively managed fund by iShares that tracks the performance of the Cboe HYG BuyWrite Index. It was launched on Aug 18, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IHYF or HYGW.
Correlation
The correlation between IHYF and HYGW is 0.69, 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
IHYF vs. HYGW - Performance Comparison
Key characteristics
IHYF:
2.10
HYGW:
2.55
IHYF:
3.08
HYGW:
3.74
IHYF:
1.42
HYGW:
1.54
IHYF:
4.09
HYGW:
5.42
IHYF:
14.28
HYGW:
24.94
IHYF:
0.58%
HYGW:
0.29%
IHYF:
3.95%
HYGW:
2.82%
IHYF:
-15.96%
HYGW:
-5.49%
IHYF:
-1.51%
HYGW:
-0.93%
Returns By Period
In the year-to-date period, IHYF achieves a 7.44% return, which is significantly higher than HYGW's 6.78% return.
IHYF
7.44%
0.02%
4.92%
8.02%
N/A
N/A
HYGW
6.78%
-0.40%
3.01%
7.19%
N/A
N/A
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IHYF vs. HYGW - Expense Ratio Comparison
IHYF has a 0.39% expense ratio, which is lower than HYGW's 0.69% expense ratio.
Risk-Adjusted Performance
IHYF vs. HYGW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Bond Factor ETF (IHYF) 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.
Dividends
IHYF vs. HYGW - Dividend Comparison
IHYF's dividend yield for the trailing twelve months is around 6.62%, less than HYGW's 12.77% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
IHYF Invesco High Yield Bond Factor ETF | 6.62% | 6.76% | 6.16% | 4.87% |
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 12.77% | 15.98% | 8.72% | 0.00% |
Drawdowns
IHYF vs. HYGW - Drawdown Comparison
The maximum IHYF drawdown since its inception was -15.96%, which is greater than HYGW's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for IHYF and HYGW. For additional features, visit the drawdowns tool.
Volatility
IHYF vs. HYGW - Volatility Comparison
Invesco High Yield Bond Factor ETF (IHYF) has a higher volatility of 1.24% compared to iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) at 1.18%. This indicates that IHYF'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.