TBJL vs. HYG
Compare and contrast key facts about Innovator 20+ Year Treasury Bond 9 Buffer ETF - July (TBJL) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
TBJL and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBJL is an actively managed fund by Innovator. It was launched on Aug 18, 2020. 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: TBJL or HYG.
Correlation
The correlation between TBJL and HYG is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TBJL vs. HYG - Performance Comparison
Key characteristics
TBJL:
0.12
HYG:
2.18
TBJL:
0.24
HYG:
3.14
TBJL:
1.03
HYG:
1.40
TBJL:
0.05
HYG:
3.97
TBJL:
0.26
HYG:
15.24
TBJL:
4.45%
HYG:
0.61%
TBJL:
9.23%
HYG:
4.29%
TBJL:
-29.22%
HYG:
-34.24%
TBJL:
-20.54%
HYG:
-0.30%
Returns By Period
The year-to-date returns for both stocks are quite close, with TBJL having a 1.58% return and HYG slightly lower at 1.51%.
TBJL
1.58%
2.63%
-4.05%
1.22%
N/A
N/A
HYG
1.51%
1.67%
4.38%
9.35%
3.18%
3.98%
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TBJL vs. HYG - Expense Ratio Comparison
TBJL has a 0.79% expense ratio, which is higher than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
TBJL vs. HYG — Risk-Adjusted Performance Rank
TBJL
HYG
TBJL vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator 20+ Year Treasury Bond 9 Buffer ETF - July (TBJL) 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
TBJL vs. HYG - Dividend Comparison
TBJL has not paid dividends to shareholders, while HYG's dividend yield for the trailing twelve months is around 6.39%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBJL Innovator 20+ Year Treasury Bond 9 Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 6.39% | 6.49% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
Drawdowns
TBJL vs. HYG - Drawdown Comparison
The maximum TBJL drawdown since its inception was -29.22%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for TBJL and HYG. For additional features, visit the drawdowns tool.
Volatility
TBJL vs. HYG - Volatility Comparison
Innovator 20+ Year Treasury Bond 9 Buffer ETF - July (TBJL) has a higher volatility of 2.12% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.13%. This indicates that TBJL'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.