LEND vs. HYGW
LEND (SEI High Yield Bond & Alternative Credit ETF) and HYGW (iShares High Yield Corporate Bond Buywrite Strategy ETF) are both High Yield Bonds funds. LEND is actively managed, while HYGW is passively managed. A 0.50 correlation means they provide meaningful diversification when combined. LEND charges 0.65%/yr vs 0.69%/yr for HYGW.
Performance
LEND vs. HYGW - Performance Comparison
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Returns By Period
LEND
- 1D
- -0.04%
- 1M
- 0.05%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYGW
- 1D
- -0.07%
- 1M
- 0.46%
- 6M
- 2.23%
- YTD
- 2.50%
- 1Y
- 6.29%
- 3Y*
- 5.41%
- 5Y*
- —
- 10Y*
- —
LEND vs. HYGW - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LEND SEI High Yield Bond & Alternative Credit ETF | 0.36% |
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 1.57% |
Correlation
The correlation between LEND and HYGW is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 18, 2026 | 0.50 |
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Return for Risk
LEND vs. HYGW — Risk / Return Rank
LEND
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYGW
LEND vs. HYGW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI High Yield Bond & Alternative Credit ETF (LEND) 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.
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.
| LEND | HYGW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.46 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.48 | — |
| Martin ratioReturn relative to average drawdown | — | 15.81 | — |
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Drawdowns
LEND vs. HYGW - Drawdown Comparison
The maximum LEND drawdown since its inception was -0.87%, smaller than the maximum HYGW drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for LEND and HYGW.
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Drawdown Indicators
| LEND | HYGW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.87% | -5.49% | +4.62% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.82% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.66% | — |
Current DrawdownCurrent decline from peak | -0.38% | -0.07% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -0.30% | -0.60% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.40% | — |
Volatility
LEND vs. HYGW - Volatility Comparison
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Volatility by Period
| LEND | HYGW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 2.89% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 4.63% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.30% | 4.63% | -1.33% |
LEND vs. HYGW - Expense Ratio Comparison
LEND has a 0.65% expense ratio, which is lower than HYGW's 0.69% expense ratio.
Dividends
LEND vs. HYGW - Dividend Comparison
LEND's dividend yield for the trailing twelve months is around 0.98%, less than HYGW's 10.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 10.69% | 12.53% | 12.30% | 15.98% | 8.71% |
LEND SEI High Yield Bond & Alternative Credit ETF | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LEND and HYGW have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LEND is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LEND is cheaper with a 0.65% expense ratio, compared with 0.69% for HYGW.
HYGW has the higher dividend yield at 10.69%, compared with 0.98% for LEND.
They also come from different issuers: SEI and iShares. Their fees differ too: 0.65% for LEND and 0.69% for HYGW.
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