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IJH vs. HYGV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJH vs. HYGV

Last updated Jun 12, 2026

IJH (iShares Core S&P Mid-Cap ETF) and HYGV (FlexShares High Yield Value-Scored US Bond Index Fund) are both exchange-traded funds - IJH is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index, while HYGV is a High Yield Bonds fund tracking the Northern Trust High Yield Value-Scored US Corporate Bond Index. Both are passively managed. Over the past 5 years, IJH returned 8.10%/yr vs 3.44%/yr for HYGV. A 0.69 correlation means they provide meaningful diversification when combined. IJH charges 0.05%/yr vs 0.37%/yr for HYGV.

Performance

IJH vs. HYGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Mid-Cap ETF (IJH) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IJH achieves a 14.66% return, which is significantly higher than HYGV's 1.71% return.

IJH

1D
2.51%
1M
2.96%
YTD
14.66%
6M
11.74%
1Y
25.20%
3Y*
15.52%
5Y*
8.10%
10Y*
11.45%

HYGV

1D
0.53%
1M
0.72%
YTD
1.71%
6M
1.99%
1Y
6.90%
3Y*
8.43%
5Y*
3.44%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJH vs. HYGV - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IJH
iShares Core S&P Mid-Cap ETF		14.66%7.42%13.92%16.40%-13.11%24.72%13.60%26.10%-16.02%
HYGV
FlexShares High Yield Value-Scored US Bond Index Fund		1.71%7.92%8.02%12.11%-12.60%5.93%8.01%15.76%-4.15%

Correlation

The correlation between IJH and HYGV is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.71

Correlation (3Y)
Calculated over the trailing 3-year period

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.71

Correlation (All Time)
Calculated using the full available price history since Jul 18, 2018

0.69

The correlation between IJH and HYGV has been stable across timeframes, ranging from 0.69 to 0.71 - a consistent structural relationship.

IJH vs. HYGV - Sectors Allocation Comparison

Sectors
IJH
HYGV

Industrials

25.0%

-

Technology

15.7%

-

Financial Services

14.4%

-

Consumer Cyclical

10.7%

-

Healthcare

8.6%

-

Real Estate

7.5%

-

Energy

5.5%
100.0%

Basic Materials

4.8%

-

Consumer Defensive

3.8%

-

Utilities

3.1%

-

Communication Services

1.0%

-

Industrials

IJH
25.0%
HYGV

-

Technology

IJH
15.7%
HYGV

-

Financial Services

IJH
14.4%
HYGV

-

Consumer Cyclical

IJH
10.7%
HYGV

-

Healthcare

IJH
8.6%
HYGV

-

Real Estate

IJH
7.5%
HYGV

-

Energy

IJH
5.5%
HYGV
100.0%

Basic Materials

IJH
4.8%
HYGV

-

Consumer Defensive

IJH
3.8%
HYGV

-

Utilities

IJH
3.1%
HYGV

-

Communication Services

IJH
1.0%
HYGV

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core S&P Mid-Cap ETF

FlexShares High Yield Value-Scored US Bond Index Fund

Often compared with IJH:
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Often compared with HYGV:
HYGV vs. HYGHYGV vs. SPYHYGV vs. SPHYHYGV vs. HYGHHYGV vs. HYUPHYGV vs. PFXFHYGV vs. SCHD

Return for Risk

IJH vs. HYGV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJH
IJH Risk / Return Rank: 6262
Overall Rank
IJH Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
IJH Sortino Ratio Rank: 6060
Sortino Ratio Rank
IJH Omega Ratio Rank: 5555
Omega Ratio Rank
IJH Calmar Ratio Rank: 6969
Calmar Ratio Rank
IJH Martin Ratio Rank: 6969
Martin Ratio Rank
HYGV
HYGV Risk / Return Rank: 6868
Overall Rank
HYGV Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
HYGV Sortino Ratio Rank: 7373
Sortino Ratio Rank
HYGV Omega Ratio Rank: 6969
Omega Ratio Rank
HYGV Calmar Ratio Rank: 6262
Calmar Ratio Rank
HYGV Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IJH vs. HYGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Mid-Cap ETF (IJH) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IJHHYGVDifference
Sharpe ratioReturn per unit of total volatility
1.59
1.78

-0.18

Sortino ratioReturn per unit of downside risk
2.33
2.74

-0.40

Omega ratioGain probability vs. loss probability

1.28

1.34

-0.06

Calmar ratioReturn relative to maximum drawdown

2.87

2.58

+0.28

Martin ratioReturn relative to average drawdown

10.47

11.11

-0.64

IJH vs. HYGV - Sharpe Ratio Comparison

The current IJH Sharpe Ratio is 1.59, which is comparable to the HYGV Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of IJH and HYGV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IJH vs. HYGV - Drawdown Comparison

The maximum IJH drawdown since its inception was -55.07%, which is greater than HYGV's maximum drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for IJH and HYGV.

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Drawdown Indicators

IJHHYGVDifference

Max Drawdown

Largest peak-to-trough decline

-55.07%

-23.47%

-31.60%

Max Drawdown (1Y)

Largest decline over 1 year

-8.83%

-2.68%

-6.15%

Max Drawdown (3Y)

Largest decline over 3 years

-24.10%

-5.56%

-18.54%

Max Drawdown (5Y)

Largest decline over 5 years

-24.10%

-17.12%

-6.98%

Max Drawdown (10Y)

Largest decline over 10 years

-42.18%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-7.56%

-3.31%

-4.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.41%

0.62%

+1.79%

Volatility

IJH vs. HYGV - Volatility Comparison

iShares Core S&P Mid-Cap ETF (IJH) has a higher volatility of 5.07% compared to FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) at 1.20%. This indicates that IJH's price experiences larger fluctuations and is considered to be riskier than HYGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJHHYGVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.07%

1.20%

+3.87%

Volatility (6M)

Calculated over the trailing 6-month period

11.85%

3.08%

+8.77%

Volatility (1Y)

Calculated over the trailing 1-year period

15.89%

3.90%

+11.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.80%

7.59%

+12.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.20%

9.19%

+12.01%

IJH vs. HYGV - Expense Ratio Comparison

IJH has a 0.05% expense ratio, which is lower than HYGV's 0.37% expense ratio.

Dividends

IJH vs. HYGV - Dividend Comparison

IJH's dividend yield for the trailing twelve months is around 1.18%, less than HYGV's 7.38% yield.

PositionTTM20252024202320222021202020192018201720162015
HYGV
FlexShares High Yield Value-Scored US Bond Index Fund		7.38%7.48%8.20%8.77%7.64%6.07%6.18%7.95%5.63%0.00%0.00%0.00%
IJH
iShares Core S&P Mid-Cap ETF		1.18%1.36%1.33%1.46%1.68%1.18%1.28%1.63%1.72%1.19%1.60%1.56%

Frequently Asked Questions

IJH and HYGV have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IJH has higher volatility (5.07%) compared to HYGV (1.20%). In terms of maximum drawdown, IJH dropped -55.07% vs HYGV's -23.47%.

On 5-year performance, IJH leads with 8.10% vs 3.44% for HYGV. On fees, IJH is cheaper at 0.05% per year. On volatility, HYGV has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IJH has performed better with a 8.10% return vs 3.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJH is cheaper with a 0.05% expense ratio, compared with 0.37% for HYGV.

HYGV has the higher dividend yield at 7.38%, compared with 1.18% for IJH.

IJH is categorized as Mid Cap Blend Equities, while HYGV is High Yield Bonds. IJH tracks S&P MidCap 400 Index, while HYGV tracks Northern Trust High Yield Value-Scored US Corporate Bond Index. They also come from different issuers: iShares and Northern Trust. Their fees differ too: 0.05% for IJH and 0.37% for HYGV.

HYGV currently has the higher Sharpe Ratio (1.78 vs 1.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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