VEGN vs. HYXF
VEGN (US Vegan Climate ETF) and HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) are both exchange-traded funds - VEGN is a Large Cap Growth Equities fund tracking the US Vegan Climate Index, while HYXF is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Corporate Choice ESG Screened. Both are passively managed. Over the past 5 years, VEGN returned 16.04%/yr vs 3.61%/yr for HYXF. A 0.66 correlation means they provide meaningful diversification when combined. VEGN charges 0.60%/yr vs 0.35%/yr for HYXF.
Performance
VEGN vs. HYXF - Performance Comparison
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Returns By Period
In the year-to-date period, VEGN achieves a 29.30% return, which is significantly higher than HYXF's 1.06% return.
VEGN
- 1D
- 1.15%
- 1M
- 6.90%
- YTD
- 29.30%
- 6M
- 29.81%
- 1Y
- 47.39%
- 3Y*
- 27.86%
- 5Y*
- 16.04%
- 10Y*
- —
HYXF
- 1D
- -0.05%
- 1M
- 0.47%
- YTD
- 1.06%
- 6M
- 1.78%
- 1Y
- 5.83%
- 3Y*
- 8.51%
- 5Y*
- 3.61%
- 10Y*
- —
VEGN vs. HYXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VEGN US Vegan Climate ETF | 29.30% | 13.71% | 25.42% | 38.10% | -26.87% | 26.01% | 27.72% | 9.45% |
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 1.06% | 8.88% | 8.35% | 11.87% | -11.90% | 2.60% | 6.07% | 2.36% |
Correlation
The correlation between VEGN and HYXF is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2019 | 0.66 |
The correlation between VEGN and HYXF has been stable across timeframes, ranging from 0.57 to 0.66 - a consistent structural relationship.
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Return for Risk
VEGN vs. HYXF — Risk / Return Rank
VEGN
HYXF
VEGN vs. HYXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Vegan Climate ETF (VEGN) and iShares ESG Advanced High Yield Corporate Bond ETF (HYXF). 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.
| VEGN | HYXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.29 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 2.26 | +1.56 |
| Martin ratioReturn relative to average drawdown | 14.98 | 10.11 | +4.87 |
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Drawdowns
VEGN vs. HYXF - Drawdown Comparison
The maximum VEGN drawdown since its inception was -34.14%, which is greater than HYXF's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for VEGN and HYXF.
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Drawdown Indicators
| VEGN | HYXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.14% | -18.75% | -15.39% |
Max Drawdown (1Y)Largest decline over 1 year | -11.85% | -2.57% | -9.28% |
Max Drawdown (3Y)Largest decline over 3 years | -20.91% | -4.81% | -16.10% |
Max Drawdown (5Y)Largest decline over 5 years | -33.40% | -16.00% | -17.40% |
Current DrawdownCurrent decline from peak | -2.71% | -0.13% | -2.58% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -2.57% | -5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 0.57% | +2.45% |
Volatility
VEGN vs. HYXF - Volatility Comparison
US Vegan Climate ETF (VEGN) has a higher volatility of 8.77% compared to iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) at 1.26%. This indicates that VEGN's price experiences larger fluctuations and is considered to be riskier than HYXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEGN | HYXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.77% | 1.26% | +7.51% |
Volatility (6M)Calculated over the trailing 6-month period | 15.05% | 3.00% | +12.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.62% | 3.82% | +13.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.48% | 8.05% | +12.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 8.31% | +14.56% |
VEGN vs. HYXF - Expense Ratio Comparison
VEGN has a 0.60% expense ratio, which is higher than HYXF's 0.35% expense ratio.
Dividends
VEGN vs. HYXF - Dividend Comparison
VEGN's dividend yield for the trailing twelve months is around 0.50%, less than HYXF's 6.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.09% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% |
VEGN US Vegan Climate ETF | 0.50% | 0.51% | 0.51% | 0.67% | 0.81% | 0.41% | 0.71% | 0.29% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VEGN and HYXF have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEGN has higher volatility (8.77%) compared to HYXF (1.26%). In terms of maximum drawdown, VEGN dropped -34.14% vs HYXF's -18.75%.
On 5-year performance, VEGN leads with 16.04% vs 3.61% for HYXF. On fees, HYXF is cheaper at 0.35% per year. On volatility, HYXF has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VEGN has performed better with a 16.04% return vs 3.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYXF is cheaper with a 0.35% expense ratio, compared with 0.60% for VEGN.
HYXF has the higher dividend yield at 6.09%, compared with 0.50% for VEGN.
VEGN is categorized as Large Cap Growth Equities, while HYXF is High Yield Bonds. VEGN tracks US Vegan Climate Index, while HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened. They also come from different issuers: Beyond Investing and iShares. Their fees differ too: 0.60% for VEGN and 0.35% for HYXF.
VEGN currently has the higher Sharpe Ratio (2.57 vs 1.52), 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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