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TBLL vs. HYGH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TBLL and HYGH is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0-0.1

Performance

TBLL vs. HYGH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Short Term Treasury ETF (TBLL) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
2.56%
5.90%
TBLL
HYGH

Key characteristics

Sharpe Ratio

TBLL:

13.68

HYGH:

2.45

Sortino Ratio

TBLL:

37.76

HYGH:

3.37

Omega Ratio

TBLL:

11.77

HYGH:

1.55

Calmar Ratio

TBLL:

67.80

HYGH:

2.91

Martin Ratio

TBLL:

600.01

HYGH:

23.19

Ulcer Index

TBLL:

0.01%

HYGH:

0.47%

Daily Std Dev

TBLL:

0.37%

HYGH:

4.45%

Max Drawdown

TBLL:

-0.61%

HYGH:

-23.88%

Current Drawdown

TBLL:

0.00%

HYGH:

0.00%

Returns By Period

In the year-to-date period, TBLL achieves a 5.03% return, which is significantly lower than HYGH's 11.07% return.


TBLL

YTD

5.03%

1M

0.42%

6M

2.56%

1Y

5.10%

5Y*

2.40%

10Y*

N/A

HYGH

YTD

11.07%

1M

0.47%

6M

5.90%

1Y

10.29%

5Y*

5.64%

10Y*

5.00%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


TBLL vs. HYGH - Expense Ratio Comparison

TBLL has a 0.08% expense ratio, which is lower than HYGH's 0.53% expense ratio.


HYGH
iShares Interest Rate Hedged High Yield Bond ETF
Expense ratio chart for HYGH: current value at 0.53% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.53%
Expense ratio chart for TBLL: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Risk-Adjusted Performance

TBLL vs. HYGH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Short Term Treasury ETF (TBLL) 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.


Sharpe ratio
The chart of Sharpe ratio for TBLL, currently valued at 13.68, compared to the broader market0.002.004.0013.682.45
The chart of Sortino ratio for TBLL, currently valued at 37.76, compared to the broader market-2.000.002.004.006.008.0010.0037.763.37
The chart of Omega ratio for TBLL, currently valued at 11.77, compared to the broader market0.501.001.502.002.503.0011.771.55
The chart of Calmar ratio for TBLL, currently valued at 67.80, compared to the broader market0.005.0010.0015.0067.802.91
The chart of Martin ratio for TBLL, currently valued at 600.01, compared to the broader market0.0020.0040.0060.0080.00100.00600.0123.19
TBLL
HYGH

The current TBLL Sharpe Ratio is 13.68, which is higher than the HYGH Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of TBLL and HYGH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.004.006.008.0010.0012.0014.00JulyAugustSeptemberOctoberNovemberDecember
13.68
2.45
TBLL
HYGH

Dividends

TBLL vs. HYGH - Dividend Comparison

TBLL's dividend yield for the trailing twelve months is around 4.99%, less than HYGH's 7.86% yield.


TTM2023202220212020201920182017201620152014
TBLL
Invesco Short Term Treasury ETF
4.99%4.63%1.37%0.05%0.80%2.24%1.69%0.71%0.00%0.00%0.00%
HYGH
iShares Interest Rate Hedged High Yield Bond ETF
7.86%8.95%6.21%3.74%4.06%4.89%6.45%4.79%4.59%5.74%3.62%

Drawdowns

TBLL vs. HYGH - Drawdown Comparison

The maximum TBLL drawdown since its inception was -0.61%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for TBLL and HYGH. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JulyAugustSeptemberOctoberNovemberDecember00
TBLL
HYGH

Volatility

TBLL vs. HYGH - Volatility Comparison

The current volatility for Invesco Short Term Treasury ETF (TBLL) is 0.07%, while iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a volatility of 0.79%. This indicates that TBLL experiences smaller price fluctuations and is considered to be less risky than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%JulyAugustSeptemberOctoberNovemberDecember
0.07%
0.79%
TBLL
HYGH
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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