SVOAX vs. HYG
Compare and contrast key facts about SEI Institutional Managed Trust U.S. Managed Volatility Fund (SVOAX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
SVOAX is managed by Blackrock. It was launched on Oct 28, 2004. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SVOAX or HYG.
Correlation
The correlation between SVOAX and HYG is 0.59, 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.
Performance
SVOAX vs. HYG - Performance Comparison
Key characteristics
SVOAX:
0.15
HYG:
2.33
SVOAX:
0.26
HYG:
3.41
SVOAX:
1.06
HYG:
1.44
SVOAX:
0.12
HYG:
4.15
SVOAX:
0.35
HYG:
16.10
SVOAX:
7.01%
HYG:
0.61%
SVOAX:
16.34%
HYG:
4.19%
SVOAX:
-49.24%
HYG:
-34.24%
SVOAX:
-17.37%
HYG:
-0.19%
Returns By Period
In the year-to-date period, SVOAX achieves a 4.17% return, which is significantly higher than HYG's 1.73% return. Over the past 10 years, SVOAX has underperformed HYG with an annualized return of -0.06%, while HYG has yielded a comparatively higher 3.95% annualized return.
SVOAX
4.17%
1.40%
-7.98%
1.42%
-2.90%
-0.06%
HYG
1.73%
0.57%
3.26%
9.43%
3.23%
3.95%
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SVOAX vs. HYG - Expense Ratio Comparison
SVOAX has a 0.90% expense ratio, which is higher than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
SVOAX vs. HYG — Risk-Adjusted Performance Rank
SVOAX
HYG
SVOAX vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust U.S. Managed Volatility Fund (SVOAX) 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.
Dividends
SVOAX vs. HYG - Dividend Comparison
SVOAX's dividend yield for the trailing twelve months is around 1.74%, less than HYG's 6.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SVOAX SEI Institutional Managed Trust U.S. Managed Volatility Fund | 1.74% | 1.81% | 1.96% | 1.73% | 1.78% | 1.44% | 1.75% | 1.87% | 1.52% | 1.48% | 1.55% | 1.46% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 6.38% | 6.49% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
Drawdowns
SVOAX vs. HYG - Drawdown Comparison
The maximum SVOAX drawdown since its inception was -49.24%, which is greater than HYG's maximum drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for SVOAX and HYG. For additional features, visit the drawdowns tool.
Volatility
SVOAX vs. HYG - Volatility Comparison
SEI Institutional Managed Trust U.S. Managed Volatility Fund (SVOAX) has a higher volatility of 2.28% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 0.90%. This indicates that SVOAX'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.