THTA vs. HYGH
Compare and contrast key facts about SoFi Enhanced Yield ETF (THTA) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
THTA and HYGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. THTA is an actively managed fund by SoFi. It was launched on Nov 14, 2023. 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: THTA or HYGH.
Correlation
The correlation between THTA and HYGH is 0.44, 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
THTA vs. HYGH - Performance Comparison
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Key characteristics
THTA:
-0.50
HYGH:
1.11
THTA:
-0.40
HYGH:
1.39
THTA:
0.84
HYGH:
1.28
THTA:
-0.50
HYGH:
1.04
THTA:
-2.03
HYGH:
6.29
THTA:
7.79%
HYGH:
1.33%
THTA:
31.67%
HYGH:
7.70%
THTA:
-31.41%
HYGH:
-23.88%
THTA:
-20.09%
HYGH:
0.00%
Returns By Period
In the year-to-date period, THTA achieves a -17.76% return, which is significantly lower than HYGH's 1.84% return.
THTA
-17.76%
2.78%
-16.13%
-15.83%
N/A
N/A
HYGH
1.84%
4.23%
2.36%
8.46%
8.75%
5.05%
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THTA vs. HYGH - Expense Ratio Comparison
THTA has a 0.49% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Risk-Adjusted Performance
THTA vs. HYGH — Risk-Adjusted Performance Rank
THTA
HYGH
THTA vs. HYGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SoFi Enhanced Yield ETF (THTA) 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
THTA vs. HYGH - Dividend Comparison
THTA's dividend yield for the trailing twelve months is around 15.28%, while HYGH has not paid dividends to shareholders.
TTM | 2024 | 2023 | |
---|---|---|---|
THTA SoFi Enhanced Yield ETF | 15.28% | 12.45% | 0.58% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 0.00% | 0.00% | 0.00% |
Drawdowns
THTA vs. HYGH - Drawdown Comparison
The maximum THTA drawdown since its inception was -31.41%, which is greater than HYGH's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for THTA and HYGH. For additional features, visit the drawdowns tool.
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Volatility
THTA vs. HYGH - Volatility Comparison
The current volatility for SoFi Enhanced Yield ETF (THTA) is 1.71%, while iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a volatility of 1.97%. This indicates that THTA 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.
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