TRI vs. HYG
TRI (Thomson Reuters Corp) is a stock, while HYG (iShares iBoxx $ High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Index. Over the past 10 years, TRI returned 9.67%/yr vs 4.91%/yr for HYG. At a 0.41 correlation, their price movements are largely independent.
Performance
TRI vs. HYG - Performance Comparison
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Returns By Period
In the year-to-date period, TRI achieves a -34.02% return, which is significantly lower than HYG's 1.51% return. Over the past 10 years, TRI has outperformed HYG with an annualized return of 9.67%, while HYG has yielded a comparatively lower 4.91% annualized return.
TRI
- 1D
- 2.77%
- 1M
- -9.50%
- YTD
- -34.02%
- 6M
- -34.90%
- 1Y
- -55.20%
- 3Y*
- -9.96%
- 5Y*
- -1.11%
- 10Y*
- 9.67%
HYG
- 1D
- 0.19%
- 1M
- 0.40%
- YTD
- 1.51%
- 6M
- 1.84%
- 1Y
- 6.51%
- 3Y*
- 8.57%
- 5Y*
- 3.81%
- 10Y*
- 4.91%
TRI vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRI Thomson Reuters Corp | -34.02% | -16.57% | 11.14% | 30.31% | -3.01% | 49.18% | 16.71% | 51.59% | 14.56% | 2.68% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.51% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -2.02% | 6.07% |
Correlation
The correlation between TRI and HYG is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2007 | 0.41 |
Over the past year, the correlation between TRI and HYG has dropped to 0.09 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
TRI vs. HYG — Risk / Return Rank
TRI
HYG
TRI vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thomson Reuters Corp (TRI) 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.
| TRI | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.02 | ||
| Sortino ratioReturn per unit of downside risk | -4.78 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 1.33 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 2.79 | -3.68 |
| Martin ratioReturn relative to average drawdown | -1.39 | 12.34 | -13.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRI | HYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.30 | 1.72 | -3.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.51 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.59 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.46 | -0.16 |
Drawdowns
TRI vs. HYG - Drawdown Comparison
The maximum TRI drawdown since its inception was -62.54%, which is greater than HYG's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for TRI and HYG.
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Drawdown Indicators
| TRI | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.54% | -34.25% | -28.29% |
Max Drawdown (1Y)Largest decline over 1 year | -62.54% | -2.34% | -60.20% |
Max Drawdown (3Y)Largest decline over 3 years | -62.54% | -4.56% | -57.98% |
Max Drawdown (5Y)Largest decline over 5 years | -62.54% | -15.79% | -46.75% |
Max Drawdown (10Y)Largest decline over 10 years | -62.54% | -22.03% | -40.51% |
Current DrawdownCurrent decline from peak | -59.06% | -0.09% | -58.97% |
Average DrawdownAverage peak-to-trough decline | -11.54% | -3.24% | -8.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.85% | 0.53% | +39.32% |
Volatility
TRI vs. HYG - Volatility Comparison
Thomson Reuters Corp (TRI) has a higher volatility of 19.80% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.21%. This indicates that TRI's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRI | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.80% | 1.21% | +18.59% |
Volatility (6M)Calculated over the trailing 6-month period | 37.58% | 3.01% | +34.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.61% | 3.81% | +38.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.94% | 7.53% | +18.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.60% | 8.29% | +15.31% |
Dividends
TRI vs. HYG - Dividend Comparison
TRI's dividend yield for the trailing twelve months is around 4.62%, less than HYG's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.91% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
TRI Thomson Reuters Corp | 4.62% | 1.80% | 1.35% | 4.68% | 1.56% | 1.76% | 1.86% | 2.01% | 2.87% | 3.17% | 3.11% | 3.54% |
Frequently Asked Questions
TRI and HYG have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRI has higher volatility (19.80%) compared to HYG (1.21%). In terms of maximum drawdown, TRI dropped -62.54% vs HYG's -34.25%.
HYG currently has the higher Sharpe Ratio (1.72 vs -1.30), 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.
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