NHFIX vs. SHYG
Compare and contrast key facts about Northern High Yield Fixed Income Fund (NHFIX) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG).
NHFIX is managed by Northern Funds. It was launched on Dec 31, 1998. SHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid High Yield 0-5 Index. It was launched on Oct 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NHFIX or SHYG.
Key characteristics
| NHFIX | SHYG | |
|---|---|---|
| YTD Return | 1.65% | 2.31% |
| 1Y Return | 11.94% | 10.06% |
| 3Y Return (Ann) | 1.91% | 3.26% |
| 5Y Return (Ann) | 4.14% | 3.78% |
| 10Y Return (Ann) | 3.99% | 3.68% |
| Sharpe Ratio | 2.53 | 2.26 |
| Daily Std Dev | 4.71% | 4.48% |
| Max Drawdown | -27.42% | -19.26% |
| Current Drawdown | 0.00% | -0.21% |
Correlation
The correlation between NHFIX and SHYG is 0.55, 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
NHFIX vs. SHYG - Performance Comparison
In the year-to-date period, NHFIX achieves a 1.65% return, which is significantly lower than SHYG's 2.31% return. Over the past 10 years, NHFIX has outperformed SHYG with an annualized return of 3.99%, while SHYG has yielded a comparatively lower 3.68% annualized 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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NHFIX vs. SHYG - Expense Ratio Comparison
NHFIX has a 0.60% expense ratio, which is higher than SHYG's 0.30% expense ratio.
Risk-Adjusted Performance
NHFIX vs. SHYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern High Yield Fixed Income Fund (NHFIX) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG). 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
NHFIX vs. SHYG - Dividend Comparison
NHFIX's dividend yield for the trailing twelve months is around 6.63%, more than SHYG's 6.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NHFIX Northern High Yield Fixed Income Fund | 6.63% | 6.60% | 6.88% | 5.31% | 5.41% | 6.16% | 6.64% | 6.67% | 6.03% | 6.40% | 8.13% | 8.31% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 6.55% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% | 4.33% | 0.85% |
Drawdowns
NHFIX vs. SHYG - Drawdown Comparison
The maximum NHFIX drawdown since its inception was -27.42%, which is greater than SHYG's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for NHFIX and SHYG. For additional features, visit the drawdowns tool.
Volatility
NHFIX vs. SHYG - Volatility Comparison
Northern High Yield Fixed Income Fund (NHFIX) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) have volatilities of 1.20% and 1.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.