IVLU vs. HYGI

Last updated Jun 9, 2026

IVLU (iShares MSCI Intl Value Factor ETF) and HYGI (iShares Inflation Hedged High Yield Bond ETF) are both exchange-traded funds - IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value, while HYGI is a Inflation-Protected Bonds fund tracking the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. Both are passively managed. A 0.57 correlation means they provide meaningful diversification when combined. IVLU charges 0.30%/yr vs 0.52%/yr for HYGI.

Performance

IVLU vs. HYGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Intl Value Factor ETF (IVLU) and iShares Inflation Hedged High Yield Bond ETF (HYGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IVLU

• 1D: 0.45%
• 1M: 0.05%
• YTD: 10.99%
• 6M: 14.55%
• 1Y: 32.63%
• 3Y*: 23.34%
• 5Y*: 13.74%
• 10Y*: 11.09%

HYGI

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IVLU vs. HYGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IVLU iShares MSCI Intl Value Factor ETF	10.99%	46.09%	6.76%	20.07%	3.53%
HYGI iShares Inflation Hedged High Yield Bond ETF	0.00%	6.20%	9.16%	11.71%	0.65%

Correlation

The correlation between IVLU and HYGI is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jun 27, 2022	0.57

Over the past year, the correlation between IVLU and HYGI has dropped to 0.21 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

IVLU vs. HYGI - Sectors Allocation Comparison

Sectors	IVLU	HYGI
Financial Services	25.3%	-
Industrials	17.2%	-
Technology	11.3%	-
Healthcare	9.7%	-
Basic Materials	7.5%	-
Consumer Cyclical	7.4%	-
Consumer Defensive	6.3%	-
Energy	5.1%	-
Communication Services	4.0%	-
Utilities	3.3%	99.6%
Real Estate	1.5%	0.4%

Return for Risk

IVLU vs. HYGI — Risk / Return Rank

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

IVLU

IVLU Risk / Return Rank: 69
IVLU Sharpe Ratio Rank: 73
IVLU Sortino Ratio Rank: 72
IVLU Omega Ratio Rank: 72
IVLU Calmar Ratio Rank: 62
IVLU Martin Ratio Rank: 64

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.

IVLU vs. HYGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Value Factor ETF (IVLU) and iShares Inflation Hedged High Yield Bond ETF (HYGI). 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.

	IVLU	HYGI	Difference
Sharpe ratio: Return per unit of total volatility	2.14	—	—
Sortino ratio: Return per unit of downside risk	2.92	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	2.80	—	—
Martin ratio: Return relative to average drawdown	10.66	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IVLU	HYGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	—	—

Drawdowns

Drawdown Indicators

	IVLU	HYGI	Difference
Max Drawdown Largest peak-to-trough decline	-41.85%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.69%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.04%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.85%	—	—
Current Drawdown Current decline from peak	-2.27%	—	—
Average Drawdown Average peak-to-trough decline	-8.59%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	—	—

Volatility

Volatility by Period

	IVLU	HYGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.33%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.52%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.67%	—	—

IVLU vs. HYGI - Expense Ratio Comparison

IVLU has a 0.30% expense ratio, which is lower than HYGI's 0.52% expense ratio.

Dividends

IVLU vs. HYGI - Dividend Comparison

IVLU's dividend yield for the trailing twelve months is around 3.34%, while HYGI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYGI iShares Inflation Hedged High Yield Bond ETF	0.97%	3.41%	6.08%	6.22%	3.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IVLU iShares MSCI Intl Value Factor ETF	3.34%	3.71%	4.46%	4.69%	3.59%	3.47%	2.05%	3.53%	2.82%	2.87%	2.53%	0.93%

Frequently Asked Questions

Can I hold both IVLU and HYGI in my portfolio?

IVLU and HYGI have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVLU or HYGI?

On fees, IVLU is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVLU or HYGI?

IVLU is cheaper with a 0.30% expense ratio, compared with 0.52% for HYGI.

Which ETF pays a higher dividend yield, IVLU or HYGI?

IVLU has the higher dividend yield at 3.34%, compared with 0.97% for HYGI.

What is the main difference between IVLU and HYGI?

IVLU is categorized as Foreign Large Cap Equities, while HYGI is Inflation-Protected Bonds. IVLU tracks MSCI World ex USA Enhanced Value, while HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. Their fees differ too: 0.30% for IVLU and 0.52% for HYGI.