IWY vs. HYGV
Compare and contrast key facts about iShares Russell Top 200 Growth ETF (IWY) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV).
IWY and HYGV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009. HYGV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust High Yield Value-Scored US Corporate Bond Index. It was launched on Jul 17, 2018. Both IWY and HYGV 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: IWY or HYGV.
Key characteristics
| IWY | HYGV | |
|---|---|---|
| YTD Return | 14.09% | 2.39% |
| 1Y Return | 37.21% | 11.58% |
| 3Y Return (Ann) | 13.78% | 1.58% |
| 5Y Return (Ann) | 20.00% | 4.18% |
| Sharpe Ratio | 2.52 | 1.95 |
| Daily Std Dev | 15.51% | 6.00% |
| Max Drawdown | -32.68% | -23.47% |
| Current Drawdown | -0.35% | -0.17% |
Correlation
The correlation between IWY and HYGV is 0.68, 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
IWY vs. HYGV - Performance Comparison
In the year-to-date period, IWY achieves a 14.09% return, which is significantly higher than HYGV's 2.39% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IWY vs. HYGV - Expense Ratio Comparison
IWY has a 0.20% expense ratio, which is lower than HYGV's 0.37% expense ratio.
Risk-Adjusted Performance
IWY vs. HYGV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Growth ETF (IWY) 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.
Dividends
IWY vs. HYGV - Dividend Comparison
IWY's dividend yield for the trailing twelve months is around 0.59%, less than HYGV's 8.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 0.59% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% | 1.44% | 1.56% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 8.82% | 8.77% | 7.64% | 7.15% | 6.18% | 7.94% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IWY vs. HYGV - Drawdown Comparison
The maximum IWY drawdown since its inception was -32.68%, which is greater than HYGV's maximum drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for IWY and HYGV. For additional features, visit the drawdowns tool.
Volatility
IWY vs. HYGV - Volatility Comparison
iShares Russell Top 200 Growth ETF (IWY) has a higher volatility of 4.92% compared to FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) at 1.41%. This indicates that IWY'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.