SBAR vs. HYG

Last updated Jun 4, 2026

SBAR (Simplify Barrier Income ETF) and HYG (iShares iBoxx $ High Yield Corporate Bond ETF) are both exchange-traded funds - SBAR is a Derivative Income fund actively managed by Simplify, while HYG is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Index. SBAR is actively managed, while HYG is passively managed. Over the past year, SBAR returned 12.00% vs 6.51% for HYG. A 0.56 correlation means they provide meaningful diversification when combined. SBAR charges 0.75%/yr vs 0.49%/yr for HYG.

Performance

SBAR vs. HYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Barrier Income ETF (SBAR) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SBAR achieves a 2.69% return, which is significantly higher than HYG's 1.32% return.

SBAR

• 1D: -0.31%
• 1M: 1.82%
• YTD: 2.69%
• 6M: 4.14%
• 1Y: 12.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYG

• 1D: -0.28%
• 1M: 0.36%
• YTD: 1.32%
• 6M: 1.73%
• 1Y: 6.51%
• 3Y*: 8.48%
• 5Y*: 3.77%
• 10Y*: 4.94%

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

SBAR vs. HYG - Yearly Performance Comparison

	2026 (YTD)	2025
SBAR Simplify Barrier Income ETF	2.69%	13.80%
HYG iShares iBoxx $ High Yield Corporate Bond ETF	1.32%	8.90%

Correlation

The correlation between SBAR and HYG is 0.59, 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	0.59
Correlation (All Time) Calculated using the full available price history since Apr 16, 2025	0.56

The correlation between SBAR and HYG has been stable across timeframes, ranging from 0.56 to 0.59 - a consistent structural relationship.

SBAR vs. HYG - Sectors Allocation Comparison

Sectors	SBAR	HYG
Financial Services	82.0%	-
Technology	33.1%	-
Communication Services	10.7%	-
Consumer Cyclical	10.1%	-
Healthcare	9.8%	-
Industrials	8.7%	-
Consumer Defensive	5.4%	-
Energy	3.5%	-
Utilities	2.5%	99.6%
Real Estate	2.0%	0.4%
Basic Materials	1.9%	-

Return for Risk

SBAR vs. HYG — Risk / Return Rank

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

SBAR

SBAR Risk / Return Rank: 41
SBAR Sharpe Ratio Rank: 37
SBAR Sortino Ratio Rank: 38
SBAR Omega Ratio Rank: 36
SBAR Calmar Ratio Rank: 46
SBAR Martin Ratio Rank: 50

HYG

HYG Risk / Return Rank: 55
HYG Sharpe Ratio Rank: 49
HYG Sortino Ratio Rank: 52
HYG Omega Ratio Rank: 52
HYG Calmar Ratio Rank: 55
HYG Martin Ratio Rank: 66

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.

SBAR vs. HYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Barrier Income ETF (SBAR) 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.

	SBAR	HYG	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.72	-0.37
Sortino ratio: Return per unit of downside risk	1.98	2.59	-0.61
Omega ratio: Gain probability vs. loss probability	1.24	1.33	-0.08
Calmar ratio: Return relative to maximum drawdown	2.26	2.79	-0.53
Martin ratio: Return relative to average drawdown	8.43	12.34	-3.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SBAR vs. HYG - Sharpe Ratio Comparison

The current SBAR Sharpe Ratio is 1.35, which is comparable to the HYG Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of SBAR and HYG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SBAR	HYG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	1.72	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	0.46	+1.06

Drawdowns

SBAR vs. HYG - Drawdown Comparison

The maximum SBAR drawdown since its inception was -5.32%, smaller than the maximum HYG drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for SBAR and HYG.

Drawdown Indicators

	SBAR	HYG	Difference
Max Drawdown Largest peak-to-trough decline	-5.32%	-34.25%	+28.93%
Max Drawdown (1Y) Largest decline over 1 year	-5.32%	-2.34%	-2.98%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.03%	—
Current Drawdown Current decline from peak	-0.31%	-0.28%	-0.03%
Average Drawdown Average peak-to-trough decline	-0.93%	-3.24%	+2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	0.53%	+0.90%

Volatility

SBAR vs. HYG - Volatility Comparison

Simplify Barrier Income ETF (SBAR) has a higher volatility of 2.29% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.21%. This indicates that SBAR'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.

Volatility by Period

	SBAR	HYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	1.21%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	5.66%	3.01%	+2.65%
Volatility (1Y) Calculated over the trailing 1-year period	8.97%	3.81%	+5.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.80%	7.53%	+2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.80%	8.29%	+1.51%

SBAR vs. HYG - Expense Ratio Comparison

SBAR has a 0.75% expense ratio, which is higher than HYG's 0.49% expense ratio.

Dividends

SBAR vs. HYG - Dividend Comparison

SBAR's dividend yield for the trailing twelve months is around 12.68%, more than HYG's 5.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYG iShares iBoxx $ High Yield Corporate Bond ETF	5.92%	5.71%	6.01%	5.74%	5.30%	4.02%	4.88%	4.99%	5.54%	5.12%	5.27%	5.90%
SBAR Simplify Barrier Income ETF	12.68%	8.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SBAR and HYG in my portfolio?

SBAR and HYG have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBAR or HYG?

SBAR has higher volatility (2.29%) compared to HYG (1.21%). In terms of maximum drawdown, SBAR dropped -5.32% vs HYG's -34.25%.

Which ETF is better, SBAR or HYG?

On 1-year performance, SBAR leads with 12.00% vs 6.51% for HYG. On fees, HYG is cheaper at 0.49% per year. On volatility, HYG has been the lower-risk option at 1.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SBAR or HYG?

Over the 1-year period, SBAR has performed better with a 12.00% return vs 6.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SBAR or HYG?

HYG is cheaper with a 0.49% expense ratio, compared with 0.75% for SBAR.

Which ETF pays a higher dividend yield, SBAR or HYG?

SBAR has the higher dividend yield at 12.68%, compared with 5.92% for HYG.

What is the main difference between SBAR and HYG?

SBAR is categorized as Derivative Income, while HYG is High Yield Bonds. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.75% for SBAR and 0.49% for HYG.

Which has better risk-adjusted returns?

HYG currently has the higher Sharpe Ratio (1.72 vs 1.35), 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.