MAGRX vs. HYGW
MAGRX (BlackRock Natural Resources Trust Fund) and HYGW (iShares High Yield Corporate Bond Buywrite Strategy ETF) are both funds - MAGRX is a Energy Equities fund managed by BlackRock, while HYGW is a High Yield Bonds fund tracking the Cboe HYG BuyWrite Index. Over the past 3 years, MAGRX returned 15.06%/yr vs 5.74%/yr for HYGW. At a 0.36 correlation, their price movements are largely independent. MAGRX charges 0.87%/yr vs 0.69%/yr for HYGW.
Performance
MAGRX vs. HYGW - Performance Comparison
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Returns By Period
In the year-to-date period, MAGRX achieves a 17.64% return, which is significantly higher than HYGW's 1.89% return.
MAGRX
- 1D
- -0.56%
- 1M
- -0.30%
- YTD
- 17.64%
- 6M
- 21.61%
- 1Y
- 42.05%
- 3Y*
- 15.06%
- 5Y*
- 11.14%
- 10Y*
- 10.00%
HYGW
- 1D
- 0.20%
- 1M
- 0.66%
- YTD
- 1.89%
- 6M
- 2.47%
- 1Y
- 6.67%
- 3Y*
- 5.74%
- 5Y*
- —
- 10Y*
- —
MAGRX vs. HYGW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MAGRX BlackRock Natural Resources Trust Fund | 17.64% | 30.26% | -5.65% | -1.36% | 8.84% |
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 1.89% | 6.19% | 6.99% | 7.31% | -0.12% |
Correlation
The correlation between MAGRX and HYGW 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 | 0.27 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.36 |
The correlation between MAGRX and HYGW shifts across timeframes, from 0.21 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MAGRX vs. HYGW — Risk / Return Rank
MAGRX
HYGW
MAGRX vs. HYGW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Natural Resources Trust Fund (MAGRX) 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.
| MAGRX | HYGW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.52 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.54 | 3.69 | +0.85 |
| Martin ratioReturn relative to average drawdown | 15.49 | 16.88 | -1.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAGRX | HYGW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | 2.39 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.26 | -0.92 |
Drawdowns
MAGRX vs. HYGW - Drawdown Comparison
The maximum MAGRX drawdown since its inception was -65.68%, which is greater than HYGW's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for MAGRX and HYGW.
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Drawdown Indicators
| MAGRX | HYGW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.68% | -5.49% | -60.19% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -1.82% | -7.45% |
Max Drawdown (3Y)Largest decline over 3 years | -19.46% | -3.66% | -15.80% |
Max Drawdown (5Y)Largest decline over 5 years | -26.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.11% | — | — |
Current DrawdownCurrent decline from peak | -3.59% | 0.00% | -3.59% |
Average DrawdownAverage peak-to-trough decline | -15.93% | -0.61% | -15.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 0.40% | +2.31% |
Volatility
MAGRX vs. HYGW - Volatility Comparison
BlackRock Natural Resources Trust Fund (MAGRX) has a higher volatility of 4.81% compared to iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) at 0.88%. This indicates that MAGRX's price experiences larger fluctuations and is considered to be riskier than HYGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAGRX | HYGW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 0.88% | +3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 2.22% | +10.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.65% | 2.81% | +13.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.00% | 4.68% | +16.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.53% | 4.68% | +17.85% |
MAGRX vs. HYGW - Expense Ratio Comparison
MAGRX has a 0.87% expense ratio, which is higher than HYGW's 0.69% expense ratio.
Dividends
MAGRX vs. HYGW - Dividend Comparison
MAGRX's dividend yield for the trailing twelve months is around 7.17%, less than HYGW's 11.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 11.54% | 12.53% | 12.30% | 15.98% | 8.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MAGRX BlackRock Natural Resources Trust Fund | 7.17% | 8.44% | 3.32% | 4.16% | 10.86% | 3.90% | 2.07% | 2.97% | 20.12% | 49.72% | 0.87% | 8.29% |
Frequently Asked Questions
MAGRX and HYGW 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.
MAGRX has higher volatility (4.81%) compared to HYGW (0.88%). In terms of maximum drawdown, MAGRX dropped -65.68% vs HYGW's -5.49%.
MAGRX currently has the higher Sharpe Ratio (2.53 vs 2.39), 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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