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

Performance

THTA vs. HYGH - Performance Comparison

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

-10.00%-5.00%0.00%5.00%JuneJulyAugustSeptemberOctoberNovember
-0.77%
5.22%
THTA
HYGH

Returns By Period

In the year-to-date period, THTA achieves a 4.10% return, which is significantly lower than HYGH's 10.30% return.


THTA

YTD

4.10%

1M

0.19%

6M

-0.73%

1Y

5.06%

5Y (annualized)

N/A

10Y (annualized)

N/A

HYGH

YTD

10.30%

1M

1.13%

6M

5.32%

1Y

13.09%

5Y (annualized)

6.05%

10Y (annualized)

4.91%

Key characteristics


THTAHYGH
Sortino Ratio0.554.01
Omega Ratio1.211.65
Ulcer Index2.85%0.47%
Daily Std Dev11.89%4.60%
Max Drawdown-11.94%-23.88%
Current Drawdown-3.56%-0.38%

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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.


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 THTA: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%

Correlation

-0.50.00.51.00.2

The correlation between THTA and HYGH is 0.17, 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.

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for THTA, currently valued at 0.43, compared to the broader market0.002.004.000.432.91
The chart of Sortino ratio for THTA, currently valued at 0.54, compared to the broader market-2.000.002.004.006.008.0010.0012.000.544.01
The chart of Omega ratio for THTA, currently valued at 1.21, compared to the broader market0.501.001.502.002.503.001.211.65
The chart of Calmar ratio for THTA, currently valued at 0.42, compared to the broader market0.005.0010.0015.000.423.57
The chart of Martin ratio for THTA, currently valued at 1.77, compared to the broader market0.0020.0040.0060.0080.00100.001.7728.53
THTA
HYGH

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00
0.43
2.91
THTA
HYGH

Dividends

THTA vs. HYGH - Dividend Comparison

THTA's dividend yield for the trailing twelve months is around 11.17%, more than HYGH's 8.19% yield.


TTM2023202220212020201920182017201620152014
THTA
SoFi Enhanced Yield ETF
11.17%0.58%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
HYGH
iShares Interest Rate Hedged High Yield Bond ETF
8.19%8.95%6.21%3.74%4.06%4.89%6.45%4.79%4.59%5.74%3.62%

Drawdowns

THTA vs. HYGH - Drawdown Comparison

The maximum THTA drawdown since its inception was -11.94%, smaller than the maximum HYGH 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.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-3.56%
-0.38%
THTA
HYGH

Volatility

THTA vs. HYGH - Volatility Comparison

SoFi Enhanced Yield ETF (THTA) has a higher volatility of 1.73% compared to iShares Interest Rate Hedged High Yield Bond ETF (HYGH) at 1.03%. This indicates that THTA's price experiences larger fluctuations and is considered to be riskier than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
1.73%
1.03%
THTA
HYGH