Correlation
The correlation between SIHY and HYGH is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
SIHY vs. HYGH
Compare and contrast key facts about Harbor Scientific Alpha High-Yield ETF (SIHY) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
SIHY and HYGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIHY is a passively managed fund by Harbor that tracks the performance of the ICE BofA US High Yield. It was launched on Sep 14, 2021. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SIHY or HYGH.
Performance
SIHY vs. HYGH - Performance Comparison
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Key characteristics
SIHY:
1.13
HYGH:
1.06
SIHY:
1.63
HYGH:
1.34
SIHY:
1.24
HYGH:
1.27
SIHY:
1.48
HYGH:
1.00
SIHY:
6.88
HYGH:
6.06
SIHY:
1.16%
HYGH:
1.33%
SIHY:
6.97%
HYGH:
7.73%
SIHY:
-12.96%
HYGH:
-23.88%
SIHY:
-0.65%
HYGH:
-0.52%
Returns By Period
In the year-to-date period, SIHY achieves a 1.13% return, which is significantly lower than HYGH's 1.69% return.
SIHY
1.13%
1.67%
0.41%
7.83%
7.81%
N/A
N/A
HYGH
1.69%
2.48%
2.10%
8.17%
8.62%
7.80%
4.93%
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SIHY vs. HYGH - Expense Ratio Comparison
SIHY has a 0.48% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Risk-Adjusted Performance
SIHY vs. HYGH — Risk-Adjusted Performance Rank
SIHY
HYGH
SIHY vs. HYGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Scientific Alpha High-Yield ETF (SIHY) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.
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Dividends
SIHY vs. HYGH - Dividend Comparison
SIHY's dividend yield for the trailing twelve months is around 7.45%, which matches HYGH's 7.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIHY Harbor Scientific Alpha High-Yield ETF | 7.45% | 7.54% | 7.06% | 6.30% | 1.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 7.45% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% | 3.62% |
Drawdowns
SIHY vs. HYGH - Drawdown Comparison
The maximum SIHY drawdown since its inception was -12.96%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for SIHY and HYGH.
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Volatility
SIHY vs. HYGH - Volatility Comparison
Harbor Scientific Alpha High-Yield ETF (SIHY) has a higher volatility of 1.89% compared to iShares Interest Rate Hedged High Yield Bond ETF (HYGH) at 1.71%. This indicates that SIHY's price experiences larger fluctuations and is considered to be riskier than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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