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IYLD vs. HYG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IYLD and HYG is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.7

Performance

IYLD vs. HYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Multi-Asset Income ETF (IYLD) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). The values are adjusted to include any dividend payments, if applicable.

50.00%55.00%60.00%65.00%70.00%75.00%JulyAugustSeptemberOctoberNovemberDecember
51.20%
75.71%
IYLD
HYG

Key characteristics

Sharpe Ratio

IYLD:

0.80

HYG:

1.94

Sortino Ratio

IYLD:

1.09

HYG:

2.79

Omega Ratio

IYLD:

1.14

HYG:

1.35

Calmar Ratio

IYLD:

0.46

HYG:

3.69

Martin Ratio

IYLD:

3.19

HYG:

13.41

Ulcer Index

IYLD:

1.36%

HYG:

0.65%

Daily Std Dev

IYLD:

5.47%

HYG:

4.47%

Max Drawdown

IYLD:

-30.23%

HYG:

-34.24%

Current Drawdown

IYLD:

-4.46%

HYG:

-1.14%

Returns By Period

In the year-to-date period, IYLD achieves a 2.42% return, which is significantly lower than HYG's 8.40% return. Over the past 10 years, IYLD has underperformed HYG with an annualized return of 2.35%, while HYG has yielded a comparatively higher 4.04% annualized return.


IYLD

YTD

2.42%

1M

-1.43%

6M

2.09%

1Y

3.84%

5Y*

-0.21%

10Y*

2.35%

HYG

YTD

8.40%

1M

-0.17%

6M

5.65%

1Y

8.17%

5Y*

3.19%

10Y*

4.04%

Compare stocks, funds, or ETFs

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


IYLD vs. HYG - Expense Ratio Comparison

IYLD has a 0.60% expense ratio, which is higher than HYG's 0.49% expense ratio.


IYLD
iShares Morningstar Multi-Asset Income ETF
Expense ratio chart for IYLD: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%
Expense ratio chart for HYG: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%

Risk-Adjusted Performance

IYLD vs. HYG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Multi-Asset Income ETF (IYLD) 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.


Sharpe ratio
The chart of Sharpe ratio for IYLD, currently valued at 0.80, compared to the broader market0.002.004.000.801.94
The chart of Sortino ratio for IYLD, currently valued at 1.09, compared to the broader market-2.000.002.004.006.008.0010.001.092.79
The chart of Omega ratio for IYLD, currently valued at 1.14, compared to the broader market0.501.001.502.002.503.001.141.35
The chart of Calmar ratio for IYLD, currently valued at 0.46, compared to the broader market0.005.0010.0015.000.463.69
The chart of Martin ratio for IYLD, currently valued at 3.19, compared to the broader market0.0020.0040.0060.0080.00100.003.1913.41
IYLD
HYG

The current IYLD Sharpe Ratio is 0.80, which is lower than the HYG Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of IYLD and HYG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
0.80
1.94
IYLD
HYG

Dividends

IYLD vs. HYG - Dividend Comparison

IYLD's dividend yield for the trailing twelve months is around 6.35%, less than HYG's 6.49% yield.


TTM20232022202120202019201820172016201520142013
IYLD
iShares Morningstar Multi-Asset Income ETF
5.30%5.76%5.44%3.47%4.94%5.25%5.78%4.22%5.32%4.93%5.56%6.16%
HYG
iShares iBoxx $ High Yield Corporate Bond ETF
6.49%5.75%5.30%4.02%4.88%4.99%5.54%5.12%5.27%5.90%5.69%6.10%

Drawdowns

IYLD vs. HYG - Drawdown Comparison

The maximum IYLD drawdown since its inception was -30.23%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for IYLD and HYG. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-4.46%
-1.14%
IYLD
HYG

Volatility

IYLD vs. HYG - Volatility Comparison

iShares Morningstar Multi-Asset Income ETF (IYLD) has a higher volatility of 1.71% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.49%. This indicates that IYLD'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.


0.80%1.00%1.20%1.40%1.60%1.80%JulyAugustSeptemberOctoberNovemberDecember
1.71%
1.49%
IYLD
HYG
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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