QIG vs. HYGH
QIG (WisdomTree U.S. Corporate Bond Fund) and HYGH (iShares Interest Rate Hedged High Yield Bond ETF) are both exchange-traded funds - QIG is a Corporate Bonds fund tracking the WisdomTree U.S. Quality Corporate Bond Index, while HYGH is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Interest Hedged Index. Both are passively managed. Over the past 10 years, QIG returned 2.45%/yr vs 6.48%/yr for HYGH. At a 0.12 correlation, their price movements are largely independent. QIG charges 0.18%/yr vs 0.52%/yr for HYGH.
Performance
QIG vs. HYGH - Performance Comparison
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Returns By Period
In the year-to-date period, QIG achieves a 0.75% return, which is significantly lower than HYGH's 3.33% return. Over the past 10 years, QIG has underperformed HYGH with an annualized return of 2.45%, while HYGH has yielded a comparatively higher 6.48% annualized return.
QIG
- 1D
- 0.15%
- 1M
- 0.79%
- YTD
- 0.75%
- 6M
- 0.94%
- 1Y
- 5.10%
- 3Y*
- 5.29%
- 5Y*
- 0.29%
- 10Y*
- 2.45%
HYGH
- 1D
- -0.03%
- 1M
- 0.56%
- YTD
- 3.33%
- 6M
- 3.56%
- 1Y
- 7.74%
- 3Y*
- 9.87%
- 5Y*
- 6.91%
- 10Y*
- 6.48%
QIG vs. HYGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QIG WisdomTree U.S. Corporate Bond Fund | 0.75% | 7.85% | 2.28% | 8.48% | -16.25% | -1.52% | 9.75% | 13.97% | -2.01% | 7.00% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 3.33% | 6.94% | 11.22% | 12.17% | -0.92% | 5.82% | 0.54% | 11.09% | -0.85% | 6.38% |
Correlation
The correlation between QIG and HYGH is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2016 | 0.12 |
The correlation between QIG and HYGH shifts across timeframes, from 0.12 (all time) to 0.25 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
QIG vs. HYGH — Risk / Return Rank
QIG
HYGH
QIG vs. HYGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Corporate Bond Fund (QIG) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.
| QIG | HYGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.40 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 4.80 | -2.89 |
| Martin ratioReturn relative to average drawdown | 5.83 | 18.77 | -12.94 |
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Drawdowns
QIG vs. HYGH - Drawdown Comparison
The maximum QIG drawdown since its inception was -22.92%, roughly equal to the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for QIG and HYGH.
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Drawdown Indicators
| QIG | HYGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.92% | -23.88% | +0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -1.62% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -6.22% | -8.06% | +1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -22.92% | -8.24% | -14.68% |
Max Drawdown (10Y)Largest decline over 10 years | -22.92% | -23.88% | +0.96% |
Current DrawdownCurrent decline from peak | -1.04% | -0.08% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -2.22% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.41% | +0.47% |
Volatility
QIG vs. HYGH - Volatility Comparison
WisdomTree U.S. Corporate Bond Fund (QIG) has a higher volatility of 1.10% compared to iShares Interest Rate Hedged High Yield Bond ETF (HYGH) at 0.63%. This indicates that QIG's price experiences larger fluctuations and is considered to be riskier than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QIG | HYGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.63% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 2.81% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 3.64% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.12% | 7.08% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 8.30% | -0.76% |
QIG vs. HYGH - Expense Ratio Comparison
QIG has a 0.18% expense ratio, which is lower than HYGH's 0.52% expense ratio.
Dividends
QIG vs. HYGH - Dividend Comparison
QIG's dividend yield for the trailing twelve months is around 4.87%, less than HYGH's 6.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 6.60% | 6.86% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% |
QIG WisdomTree U.S. Corporate Bond Fund | 4.87% | 4.82% | 4.67% | 4.19% | 4.25% | 2.50% | 2.61% | 3.00% | 3.27% | 2.88% | 2.35% | 0.00% |
Frequently Asked Questions
QIG and HYGH have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QIG has higher volatility (1.10%) compared to HYGH (0.63%). In terms of maximum drawdown, QIG dropped -22.92% vs HYGH's -23.88%.
On 10-year performance, HYGH leads with 6.48% vs 2.45% for QIG. On fees, QIG is cheaper at 0.18% per year. On volatility, HYGH has been the lower-risk option at 0.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, HYGH has performed better with a 6.48% return vs 2.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QIG is cheaper with a 0.18% expense ratio, compared with 0.52% for HYGH.
HYGH has the higher dividend yield at 6.60%, compared with 4.87% for QIG.
QIG is categorized as Corporate Bonds, while HYGH is High Yield Bonds. QIG tracks WisdomTree U.S. Quality Corporate Bond Index, while HYGH tracks Markit iBoxx USD Liquid High Yield Interest Hedged Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.18% for QIG and 0.52% for HYGH.
HYGH currently has the higher Sharpe Ratio (2.14 vs 1.24), 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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