TBLL vs. HYGH
Compare and contrast key facts about Invesco Short Term Treasury ETF (TBLL) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
TBLL and HYGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBLL is a passively managed fund by Invesco that tracks the performance of the ICE U.S. Treasury Short Bond Index. It was launched on Jan 10, 2017. 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: TBLL or HYGH.
Key characteristics
| TBLL | HYGH | |
|---|---|---|
| YTD Return | 4.41% | 10.72% |
| 1Y Return | 5.27% | 14.15% |
| 3Y Return (Ann) | 3.50% | 7.44% |
| 5Y Return (Ann) | 2.31% | 5.96% |
| Sharpe Ratio | 9.49 | 2.95 |
| Sortino Ratio | 20.29 | 4.08 |
| Omega Ratio | 6.58 | 1.65 |
| Calmar Ratio | 30.86 | 3.68 |
| Martin Ratio | 296.45 | 29.50 |
| Ulcer Index | 0.02% | 0.47% |
| Daily Std Dev | 0.57% | 4.66% |
| Max Drawdown | -0.61% | -23.88% |
| Current Drawdown | 0.00% | 0.00% |
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.
Performance
TBLL vs. HYGH - Performance Comparison
In the year-to-date period, TBLL achieves a 4.41% return, which is significantly lower than HYGH's 10.72% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TBLL vs. HYGH - Expense Ratio Comparison
TBLL has a 0.08% expense ratio, which is lower than HYGH's 0.53% expense ratio.
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.
Dividends
TBLL vs. HYGH - Dividend Comparison
TBLL's dividend yield for the trailing twelve months is around 5.15%, less than HYGH's 8.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TBLL Invesco Short Term Treasury ETF | 5.15% | 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 | 8.16% | 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.
Volatility
TBLL vs. HYGH - Volatility Comparison
The current volatility for Invesco Short Term Treasury ETF (TBLL) is 0.09%, while iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a volatility of 1.08%. 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.