VEA vs. HYGI
VEA (Vanguard FTSE Developed Markets ETF) and HYGI (iShares Inflation Hedged High Yield Bond ETF) are both exchange-traded funds - VEA is a Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index, while HYGI is a Inflation-Protected Bonds fund tracking the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. VEA charges 0.03%/yr vs 0.52%/yr for HYGI.
Performance
VEA vs. HYGI - Performance Comparison
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Returns By Period
VEA
- 1D
- 0.34%
- 1M
- 1.40%
- YTD
- 14.73%
- 6M
- 16.65%
- 1Y
- 31.41%
- 3Y*
- 19.03%
- 5Y*
- 9.51%
- 10Y*
- 10.72%
HYGI
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VEA vs. HYGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VEA Vanguard FTSE Developed Markets ETF | 14.73% | 35.16% | 3.15% | 17.93% | 5.48% |
HYGI iShares Inflation Hedged High Yield Bond ETF | 0.00% | 6.20% | 9.16% | 11.71% | 0.65% |
Correlation
The correlation between VEA and HYGI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2022 | 0.62 |
Over the past year, the correlation between VEA and HYGI has dropped to 0.19 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
VEA vs. HYGI — Risk / Return Rank
VEA
HYGI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VEA vs. HYGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Markets ETF (VEA) and iShares Inflation Hedged High Yield Bond ETF (HYGI). 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.
| VEA | HYGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | — | — |
| Martin ratioReturn relative to average drawdown | 9.92 | — | — |
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Drawdowns
VEA vs. HYGI - Drawdown Comparison
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Drawdown Indicators
| VEA | HYGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.68% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.73% | — | — |
Current DrawdownCurrent decline from peak | -1.06% | — | — |
Average DrawdownAverage peak-to-trough decline | -13.28% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | — | — |
Volatility
VEA vs. HYGI - Volatility Comparison
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Volatility by Period
| VEA | HYGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.84% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.38% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.58% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | — | — |
VEA vs. HYGI - Expense Ratio Comparison
VEA has a 0.03% expense ratio, which is lower than HYGI's 0.52% expense ratio.
Dividends
VEA vs. HYGI - Dividend Comparison
VEA's dividend yield for the trailing twelve months is around 2.62%, while HYGI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGI iShares Inflation Hedged High Yield Bond ETF | 0.97% | 3.41% | 6.08% | 6.22% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEA Vanguard FTSE Developed Markets ETF | 2.62% | 3.22% | 3.35% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% |
Frequently Asked Questions
VEA and HYGI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEA is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEA is cheaper with a 0.03% expense ratio, compared with 0.52% for HYGI.
VEA has the higher dividend yield at 2.62%, compared with 0.97% for HYGI.
VEA is categorized as Foreign Large Cap Equities, while HYGI is Inflation-Protected Bonds. VEA tracks FTSE Developed All Cap ex US Index, while HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.03% for VEA and 0.52% for HYGI.
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