SID vs. HYG
SID (Companhia Siderúrgica Nacional) 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 10 years, SID returned -6.38%/yr vs 4.65%/yr for HYG. At a 0.41 correlation, their price movements are largely independent.
Performance
SID vs. HYG - Performance Comparison
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Returns By Period
In the year-to-date period, SID achieves a -37.50% return, which is significantly lower than HYG's 1.94% return. Over the past 10 years, SID has underperformed HYG with an annualized return of -6.38%, while HYG has yielded a comparatively higher 4.65% annualized return.
SID
- 1D
- -2.91%
- 1M
- -17.36%
- 6M
- -47.37%
- YTD
- -37.50%
- 1Y
- -31.51%
- 3Y*
- -25.01%
- 5Y*
- -29.40%
- 10Y*
- -6.38%
HYG
- 1D
- -0.01%
- 1M
- 0.17%
- 6M
- 1.43%
- YTD
- 1.94%
- 1Y
- 5.69%
- 3Y*
- 8.18%
- 5Y*
- 3.73%
- 10Y*
- 4.65%
SID vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SID Companhia Siderúrgica Nacional | -37.50% | 11.11% | -59.60% | 69.73% | -29.68% | -22.18% | 72.67% | 68.56% | -10.61% | -24.15% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.94% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -2.02% | 6.07% |
Correlation
The correlation between SID and HYG is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2007 | 0.41 |
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Return for Risk
SID vs. HYG — Risk / Return Rank
SID
HYG
SID vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Companhia Siderúrgica Nacional (SID) 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.
| SID | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.29 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 2.44 | -2.99 |
| Martin ratioReturn relative to average drawdown | -1.15 | 10.77 | -11.92 |
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Drawdowns
SID vs. HYG - Drawdown Comparison
The maximum SID drawdown since its inception was -95.79%, which is greater than HYG's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for SID and HYG.
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Drawdown Indicators
| SID | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.79% | -34.25% | -61.54% |
Max Drawdown (1Y)Largest decline over 1 year | -57.67% | -2.34% | -55.33% |
Max Drawdown (3Y)Largest decline over 3 years | -75.27% | -4.56% | -70.71% |
Max Drawdown (5Y)Largest decline over 5 years | -85.52% | -15.79% | -69.73% |
Max Drawdown (10Y)Largest decline over 10 years | -86.14% | -22.03% | -64.11% |
Current DrawdownCurrent decline from peak | -90.43% | -0.09% | -90.34% |
Average DrawdownAverage peak-to-trough decline | -51.82% | -3.22% | -48.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.50% | 0.53% | +26.97% |
Volatility
SID vs. HYG - Volatility Comparison
Companhia Siderúrgica Nacional (SID) has a higher volatility of 16.97% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 0.78%. This indicates that SID'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
| SID | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.97% | 0.78% | +16.19% |
Volatility (6M)Calculated over the trailing 6-month period | 46.86% | 3.13% | +43.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.13% | 3.82% | +53.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.60% | 7.54% | +46.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.93% | 8.22% | +50.71% |
Dividends
SID vs. HYG - Dividend Comparison
SID has not paid dividends to shareholders, while HYG's dividend yield for the trailing twelve months is around 5.90%.
| 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% |
SID Companhia Siderúrgica Nacional | 0.00% | 0.00% | 15.93% | 12.83% | 14.31% | 8.41% | 0.03% | 6.89% | 0.00% | 0.00% | 0.00% | 14.30% |
Frequently Asked Questions
SID and HYG have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SID has higher volatility (16.97%) compared to HYG (0.78%). In terms of maximum drawdown, SID dropped -95.79% vs HYG's -34.25%.
HYG currently has the higher Sharpe Ratio (1.50 vs -0.55), 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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