ROKT vs. HYG
ROKT (SPDR S&P Kensho Final Frontiers ETF) and HYG (iShares iBoxx $ High Yield Corporate Bond ETF) are both exchange-traded funds - ROKT is a Industrials Equities fund tracking the S&P Kensho Final Frontiers Index, while HYG is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Index. Both are passively managed. Over the past 5 years, ROKT returned 23.65%/yr vs 3.75%/yr for HYG. A 0.60 correlation means they provide meaningful diversification when combined. ROKT charges 0.45%/yr vs 0.49%/yr for HYG.
Performance
ROKT vs. HYG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ROKT achieves a 41.13% return, which is significantly higher than HYG's 1.65% return.
ROKT
- 1D
- -3.50%
- 1M
- 2.08%
- YTD
- 41.13%
- 6M
- 44.16%
- 1Y
- 96.95%
- 3Y*
- 41.87%
- 5Y*
- 23.65%
- 10Y*
- —
HYG
- 1D
- 0.00%
- 1M
- 1.12%
- YTD
- 1.65%
- 6M
- 2.21%
- 1Y
- 6.81%
- 3Y*
- 8.52%
- 5Y*
- 3.75%
- 10Y*
- 5.04%
ROKT vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ROKT SPDR S&P Kensho Final Frontiers ETF | 41.13% | 50.56% | 27.89% | 14.41% | -0.81% | 4.63% | 7.99% | 40.90% | -12.90% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.65% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -3.16% |
Correlation
The correlation between ROKT and HYG is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2018 | 0.60 |
The correlation between ROKT and HYG has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ROKT vs. HYG — Risk / Return Rank
ROKT
HYG
ROKT vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Final Frontiers ETF (ROKT) 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.
| ROKT | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.32 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 6.38 | 2.79 | +3.59 |
| Martin ratioReturn relative to average drawdown | 26.23 | 12.25 | +13.99 |
Loading charts...
Drawdowns
ROKT vs. HYG - Drawdown Comparison
The maximum ROKT drawdown since its inception was -43.16%, which is greater than HYG's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for ROKT and HYG.
Loading charts...
Drawdown Indicators
| ROKT | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.16% | -34.25% | -8.91% |
Max Drawdown (1Y)Largest decline over 1 year | -15.27% | -2.34% | -12.93% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -4.56% | -18.90% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -15.79% | -7.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.03% | — |
Current DrawdownCurrent decline from peak | -12.20% | 0.00% | -12.20% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -3.24% | -3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 0.53% | +3.18% |
Volatility
ROKT vs. HYG - Volatility Comparison
SPDR S&P Kensho Final Frontiers ETF (ROKT) has a higher volatility of 16.11% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.31%. This indicates that ROKT'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.
Loading charts...
Volatility by Period
| ROKT | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.11% | 1.31% | +14.80% |
Volatility (6M)Calculated over the trailing 6-month period | 27.24% | 3.08% | +24.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.97% | 3.87% | +27.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.32% | 7.53% | +15.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.42% | 8.29% | +17.13% |
ROKT vs. HYG - Expense Ratio Comparison
ROKT has a 0.45% expense ratio, which is lower than HYG's 0.49% expense ratio.
Dividends
ROKT vs. HYG - Dividend Comparison
ROKT's dividend yield for the trailing twelve months is around 0.28%, less than HYG's 5.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.90% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
ROKT SPDR S&P Kensho Final Frontiers ETF | 0.28% | 0.41% | 0.57% | 0.62% | 0.54% | 1.79% | 0.48% | 0.74% | 0.16% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ROKT and HYG have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROKT has higher volatility (16.11%) compared to HYG (1.31%). In terms of maximum drawdown, ROKT dropped -43.16% vs HYG's -34.25%.
On 5-year performance, ROKT leads with 23.65% vs 3.75% for HYG. On fees, ROKT is cheaper at 0.45% per year. On volatility, HYG has been the lower-risk option at 1.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ROKT has performed better with a 23.65% return vs 3.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ROKT is cheaper with a 0.45% expense ratio, compared with 0.49% for HYG.
HYG has the higher dividend yield at 5.90%, compared with 0.28% for ROKT.
ROKT is categorized as Industrials Equities, while HYG is High Yield Bonds. ROKT tracks S&P Kensho Final Frontiers Index, while HYG tracks Markit iBoxx USD Liquid High Yield Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for ROKT and 0.49% for HYG.
ROKT currently has the higher Sharpe Ratio (3.15 vs 1.68), 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.
Find the right allocation for ROKT and HYG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer