PCT vs. HYG
PCT (PureCycle Technologies, Inc.) is a stock, while HYG (iShares iBoxx $ High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Index. Over the past 5 years, PCT returned -19.85%/yr vs 3.66%/yr for HYG. At a 0.31 correlation, their price movements are largely independent.
Performance
PCT vs. HYG - Performance Comparison
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Returns By Period
In the year-to-date period, PCT achieves a -6.87% return, which is significantly lower than HYG's 1.54% return.
PCT
- 1D
- -3.50%
- 1M
- -29.33%
- YTD
- -6.87%
- 6M
- -13.79%
- 1Y
- -42.03%
- 3Y*
- -4.72%
- 5Y*
- -19.85%
- 10Y*
- —
HYG
- 1D
- -0.03%
- 1M
- 0.44%
- YTD
- 1.54%
- 6M
- 1.53%
- 1Y
- 5.62%
- 3Y*
- 8.74%
- 5Y*
- 3.66%
- 10Y*
- 4.99%
PCT vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PCT PureCycle Technologies, Inc. | -6.87% | -16.20% | 153.09% | -40.09% | -29.36% | -40.67% | 58.14% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.54% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 9.07% |
Correlation
The correlation between PCT and HYG is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2020 | 0.31 |
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Return for Risk
PCT vs. HYG — Risk / Return Rank
PCT
HYG
PCT vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PureCycle Technologies, Inc. (PCT) 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.
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.
| PCT | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.28 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 2.41 | -3.01 |
| Martin ratioReturn relative to average drawdown | -1.02 | 10.57 | -11.59 |
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Drawdowns
PCT vs. HYG - Drawdown Comparison
The maximum PCT drawdown since its inception was -92.66%, which is greater than HYG's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for PCT and HYG.
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Drawdown Indicators
| PCT | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.66% | -34.25% | -58.41% |
Max Drawdown (1Y)Largest decline over 1 year | -70.09% | -2.34% | -67.75% |
Max Drawdown (3Y)Largest decline over 3 years | -79.73% | -4.56% | -75.17% |
Max Drawdown (5Y)Largest decline over 5 years | -90.20% | -15.79% | -74.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.03% | — |
Current DrawdownCurrent decline from peak | -75.53% | -0.24% | -75.29% |
Average DrawdownAverage peak-to-trough decline | -63.22% | -3.23% | -59.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.23% | 0.53% | +40.70% |
Volatility
PCT vs. HYG - Volatility Comparison
PureCycle Technologies, Inc. (PCT) has a higher volatility of 25.60% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.13%. This indicates that PCT'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.
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Volatility by Period
| PCT | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.60% | 1.13% | +24.47% |
Volatility (6M)Calculated over the trailing 6-month period | 62.71% | 3.11% | +59.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.11% | 3.88% | +76.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.41% | 7.54% | +84.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.11% | 8.27% | +82.84% |
Dividends
PCT vs. HYG - Dividend Comparison
PCT has not paid dividends to shareholders, while HYG's dividend yield for the trailing twelve months is around 5.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.91% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
PCT PureCycle Technologies, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PCT and HYG have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCT has higher volatility (25.60%) compared to HYG (1.13%). In terms of maximum drawdown, PCT dropped -92.66% vs HYG's -34.25%.
HYG currently has the higher Sharpe Ratio (1.46 vs -0.53), 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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