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 0.40%/yr vs 4.94%/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 -18.12% return, which is significantly lower than HYG's 1.32% return. Over the past 10 years, SID has underperformed HYG with an annualized return of 0.40%, while HYG has yielded a comparatively higher 4.94% annualized return.
SID
- 1D
- -7.75%
- 1M
- 3.97%
- YTD
- -18.12%
- 6M
- -23.39%
- 1Y
- -12.08%
- 3Y*
- -16.82%
- 5Y*
- -26.02%
- 10Y*
- 0.40%
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%
SID vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SID Companhia Siderúrgica Nacional | -18.12% | 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 | 1.32% | 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 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
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 12, 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.
| SID | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.33 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 2.79 | -3.05 |
| Martin ratioReturn relative to average drawdown | -0.56 | 12.34 | -12.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SID | HYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.22 | 1.72 | -1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | 0.50 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.60 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.46 | -0.28 |
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 | -47.64% | -2.34% | -45.30% |
Max Drawdown (3Y)Largest decline over 3 years | -69.41% | -4.56% | -64.85% |
Max Drawdown (5Y)Largest decline over 5 years | -82.09% | -15.79% | -66.30% |
Max Drawdown (10Y)Largest decline over 10 years | -82.86% | -22.03% | -60.83% |
Current DrawdownCurrent decline from peak | -87.46% | -0.28% | -87.18% |
Average DrawdownAverage peak-to-trough decline | -51.63% | -3.24% | -48.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.57% | 0.53% | +21.04% |
Volatility
SID vs. HYG - Volatility Comparison
Companhia Siderúrgica Nacional (SID) has a higher volatility of 22.14% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.21%. 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 | 22.14% | 1.21% | +20.93% |
Volatility (6M)Calculated over the trailing 6-month period | 46.74% | 3.01% | +43.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.42% | 3.81% | +52.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.36% | 7.53% | +45.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.64% | 8.29% | +51.35% |
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 5.92%.
| 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% |
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 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SID has higher volatility (22.14%) compared to HYG (1.21%). In terms of maximum drawdown, SID dropped -95.79% vs HYG's -34.25%.
HYG currently has the higher Sharpe Ratio (1.72 vs -0.22), 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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