VFIIX vs. HYG
Compare and contrast key facts about Vanguard GNMA Fund Investor Shares (VFIIX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
VFIIX is managed by Vanguard. It was launched on Jun 27, 1980. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007.
Performance
VFIIX vs. HYG - Performance Comparison
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VFIIX vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFIIX Vanguard GNMA Fund Investor Shares | 0.29% | 7.73% | 1.07% | 5.17% | -10.81% | -1.24% | 3.73% | 5.84% | 0.89% | 1.88% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | -0.11% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -2.02% | 6.07% |
Returns By Period
In the year-to-date period, VFIIX achieves a 0.29% return, which is significantly higher than HYG's -0.11% return. Over the past 10 years, VFIIX has underperformed HYG with an annualized return of 1.32%, while HYG has yielded a comparatively higher 5.16% annualized return.
VFIIX
- 1D
- 0.21%
- 1M
- -1.36%
- YTD
- 0.29%
- 6M
- 1.53%
- 1Y
- 4.65%
- 3Y*
- 3.81%
- 5Y*
- 0.35%
- 10Y*
- 1.32%
HYG
- 1D
- 0.24%
- 1M
- -0.65%
- YTD
- -0.11%
- 6M
- 0.93%
- 1Y
- 6.91%
- 3Y*
- 7.99%
- 5Y*
- 3.66%
- 10Y*
- 5.16%
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VFIIX vs. HYG - Expense Ratio Comparison
VFIIX has a 0.21% expense ratio, which is lower than HYG's 0.49% expense ratio.
Return for Risk
VFIIX vs. HYG — Risk / Return Rank
VFIIX
HYG
VFIIX vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard GNMA Fund Investor Shares (VFIIX) 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.
| VFIIX | HYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.25 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.66 | 1.87 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.29 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.82 | +0.27 |
Martin ratioReturn relative to average drawdown | 5.72 | 9.57 | -3.85 |
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
| VFIIX | HYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.25 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.49 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.62 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.45 | +0.19 |
Correlation
The correlation between VFIIX and HYG is 0.10, 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.
Dividends
VFIIX vs. HYG - Dividend Comparison
VFIIX's dividend yield for the trailing twelve months is around 3.35%, less than HYG's 5.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFIIX Vanguard GNMA Fund Investor Shares | 3.35% | 3.62% | 3.58% | 3.23% | 2.34% | 0.63% | 1.87% | 2.76% | 2.90% | 2.64% | 3.01% | 2.84% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.88% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
Drawdowns
VFIIX vs. HYG - Drawdown Comparison
The maximum VFIIX drawdown since its inception was -25.80%, smaller than the maximum HYG drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for VFIIX and HYG.
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Drawdown Indicators
| VFIIX | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.80% | -34.25% | +8.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -3.93% | +1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -15.79% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -16.20% | -22.03% | +5.83% |
Current DrawdownCurrent decline from peak | -1.87% | -1.05% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -3.27% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.75% | +0.20% |
Volatility
VFIIX vs. HYG - Volatility Comparison
The current volatility for Vanguard GNMA Fund Investor Shares (VFIIX) is 1.61%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 2.30%. This indicates that VFIIX 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.
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Volatility by Period
| VFIIX | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 2.30% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 2.93% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 5.57% | -1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.15% | 7.51% | -1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 8.31% | -3.65% |