THY vs. HYG
THY (Agility Shares Dynamic Tactical Income ETF) and HYG (iShares iBoxx $ High Yield Corporate Bond ETF) are both High Yield Bonds funds. THY is actively managed, while HYG is passively managed. Over the past 5 years, THY returned 1.60%/yr vs 3.61%/yr for HYG. Their 0.71 correlation means they have sometimes moved together and sometimes differently. THY charges 1.36%/yr vs 0.49%/yr for HYG.
Performance
THY vs. HYG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, THY achieves a 0.23% return, which is significantly lower than HYG's 1.54% return.
THY
- 1D
- -0.02%
- 1M
- -0.87%
- 6M
- -0.36%
- YTD
- 0.23%
- 1Y
- 2.01%
- 3Y*
- 4.67%
- 5Y*
- 1.60%
- 10Y*
- —
- ALL TIME*
- 1.97%
HYG
- 1D
- 0.01%
- 1M
- -0.29%
- 6M
- 0.92%
- YTD
- 1.54%
- 1Y
- 4.84%
- 3Y*
- 8.09%
- 5Y*
- 3.61%
- 10Y*
- 4.75%
- ALL TIME*
- 4.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.79B | $2.50B | $2.68B | |
| $188.15K | $205.85K | $258.13K |
THY vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
THY Agility Shares Dynamic Tactical Income ETF | 0.23% | 4.44% | 5.38% | 4.97% | -5.62% | -0.46% | 3.50% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.54% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 9.46% |
Correlation
The correlation between THY and HYG is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2020 | 0.71 |
The correlation between THY and HYG has been stable across timeframes, ranging from 0.67 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
THY vs. HYG — Risk / Return Rank
THY
HYG
THY vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agility Shares Dynamic Tactical Income ETF (THY) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| THY | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.24 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 2.08 | -0.82 |
| Martin ratioReturn relative to average drawdown | 2.87 | 8.96 | -6.09 |
Loading charts...
Drawdowns
THY vs. HYG - Drawdown Comparison
The maximum THY drawdown since its inception was -8.56%, smaller than the maximum HYG drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for THY and HYG.
Loading charts...
Drawdown Indicators
| THY | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.56% | -34.25% | +25.69% |
Max Drawdown (1Y)Largest decline over 1 year | -1.60% | -2.34% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -2.74% | -4.56% | +1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -8.09% | -15.79% | +7.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.03% | — |
Current DrawdownCurrent decline from peak | -1.05% | -0.49% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -3.22% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.54% | +0.16% |
Volatility
THY vs. HYG - Volatility Comparison
The current volatility for Agility Shares Dynamic Tactical Income ETF (THY) is 0.74%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 0.80%. This indicates that THY experiences smaller price fluctuations and is considered to be less risky than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| THY | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.80% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 3.16% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.91% | 3.85% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 7.53% | -2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 8.21% | -3.77% |
THY vs. HYG - Expense Ratio Comparison
THY has a 1.36% expense ratio, which is higher than HYG's 0.49% expense ratio.
Dividends
THY vs. HYG - Dividend Comparison
THY's dividend yield for the trailing twelve months is around 5.50%, less than HYG's 5.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.41% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
THY Agility Shares Dynamic Tactical Income ETF | 5.50% | 6.00% | 5.09% | 4.59% | 2.56% | 3.46% | 2.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
THY and HYG have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYG has higher volatility (0.80%) compared to THY (0.74%). In terms of maximum drawdown, THY dropped -8.56% vs HYG's -34.25%.
On 5-year performance, HYG leads with 3.61% vs 1.60% for THY. On fees, HYG is cheaper at 0.49% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HYG has performed better with a 3.61% return vs 1.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYG is cheaper with a 0.49% expense ratio, compared with 1.36% for THY.
THY has the higher dividend yield at 5.50%, compared with 5.41% for HYG.
They also come from different issuers: Toews and iShares. Their fees differ too: 1.36% for THY and 0.49% for HYG.
HYG currently has the higher Sharpe Ratio (1.26 vs 0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for THY and HYG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer