RBIL vs. HYGI

Last updated Jun 4, 2026

RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) and HYGI (iShares Inflation Hedged High Yield Bond ETF) are both Inflation-Protected Bonds funds - RBIL tracks the Bloomberg US Ultrashort TIPS 1-13 Months Index while HYGI tracks the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. Both are passively managed. At a correlation of -0.03, they often move in opposite directions. RBIL charges 0.17%/yr vs 0.52%/yr for HYGI.

Performance

RBIL vs. HYGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) and iShares Inflation Hedged High Yield Bond ETF (HYGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RBIL

• 1D: 0.06%
• 1M: 0.38%
• YTD: 2.70%
• 6M: 2.79%
• 1Y: 4.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYGI

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RBIL vs. HYGI - Yearly Performance Comparison

	2026 (YTD)	2025
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.70%	2.91%
HYGI iShares Inflation Hedged High Yield Bond ETF	0.00%	3.90%

Correlation

The correlation between RBIL and HYGI is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Feb 26, 2025	-0.03

Return for Risk

RBIL vs. HYGI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RBIL

RBIL Risk / Return Rank: 98
RBIL Sharpe Ratio Rank: 97
RBIL Sortino Ratio Rank: 98
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 98
RBIL Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RBIL vs. HYGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) and iShares Inflation Hedged High Yield Bond ETF (HYGI). 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.

	RBIL	HYGI	Difference
Sharpe ratio: Return per unit of total volatility	5.01	—	—
Sortino ratio: Return per unit of downside risk	7.92	—	—
Omega ratio: Gain probability vs. loss probability	2.39	—	—
Calmar ratio: Return relative to maximum drawdown	17.00	—	—
Martin ratio: Return relative to average drawdown	70.66	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RBIL	HYGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.28	—	—

Drawdowns

Drawdown Indicators

	RBIL	HYGI	Difference
Max Drawdown Largest peak-to-trough decline	-0.50%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.27%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-0.06%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	—	—

Volatility

Volatility by Period

	RBIL	HYGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.92%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.05%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.05%	—	—

RBIL vs. HYGI - Expense Ratio Comparison

RBIL has a 0.17% expense ratio, which is lower than HYGI's 0.52% expense ratio.

Dividends

RBIL vs. HYGI - Dividend Comparison

RBIL's dividend yield for the trailing twelve months is around 4.60%, more than HYGI's 0.97% yield.

Position	TTM	2025	2024	2023	2022
HYGI iShares Inflation Hedged High Yield Bond ETF	0.97%	3.41%	6.08%	6.22%	3.19%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.60%	3.65%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RBIL and HYGI in my portfolio?

RBIL and HYGI have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RBIL or HYGI?

On fees, RBIL is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RBIL or HYGI?

RBIL is cheaper with a 0.17% expense ratio, compared with 0.52% for HYGI.

Which ETF pays a higher dividend yield, RBIL or HYGI?

RBIL has the higher dividend yield at 4.60%, compared with 0.97% for HYGI.

What is the main difference between RBIL and HYGI?

RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index, while HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. They also come from different issuers: F/m and iShares. Their fees differ too: 0.17% for RBIL and 0.52% for HYGI.