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VLUE vs. HYGI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VLUE vs. HYGI

Last updated Jun 9, 2026

VLUE (iShares Edge MSCI USA Value Factor ETF) and HYGI (iShares Inflation Hedged High Yield Bond ETF) are both exchange-traded funds - VLUE is a Large Cap Value Equities fund tracking the MSCI USA Value Weighted 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 0.59 correlation means they provide meaningful diversification when combined. VLUE charges 0.15%/yr vs 0.52%/yr for HYGI.

Performance

VLUE vs. HYGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI USA Value Factor ETF (VLUE) and iShares Inflation Hedged High Yield Bond ETF (HYGI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

VLUE

1D
1.90%
1M
7.11%
YTD
43.65%
6M
46.05%
1Y
83.03%
3Y*
31.74%
5Y*
15.73%
10Y*
15.02%

HYGI

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VLUE vs. HYGI - Yearly Performance Comparison

2026 (YTD)2025202420232022
VLUE
iShares Edge MSCI USA Value Factor ETF		43.65%32.67%7.25%14.26%2.69%
HYGI
iShares Inflation Hedged High Yield Bond ETF		0.00%6.20%9.16%11.71%0.65%

Correlation

The correlation between VLUE and HYGI is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.12

Correlation (3Y)
Calculated over the trailing 3-year period

0.48

Correlation (All Time)
Calculated using the full available price history since Jun 24, 2022

0.59

Over the past year, the correlation between VLUE and HYGI has dropped to 0.12 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

VLUE vs. HYGI - Sectors Allocation Comparison

Sectors
VLUE
HYGI

Technology

44.5%

-

Financial Services

10.4%

-

Healthcare

8.5%

-

Communication Services

8.3%

-

Consumer Cyclical

8.3%

-

Industrials

7.4%

-

Consumer Defensive

4.0%

-

Energy

3.2%

-

Utilities

2.0%
99.6%

Real Estate

1.8%
0.4%

Basic Materials

1.6%

-

Technology

VLUE
44.5%
HYGI

-

Financial Services

VLUE
10.4%
HYGI

-

Healthcare

VLUE
8.5%
HYGI

-

Communication Services

VLUE
8.3%
HYGI

-

Consumer Cyclical

VLUE
8.3%
HYGI

-

Industrials

VLUE
7.4%
HYGI

-

Consumer Defensive

VLUE
4.0%
HYGI

-

Energy

VLUE
3.2%
HYGI

-

Utilities

VLUE
2.0%
HYGI
99.6%

Real Estate

VLUE
1.8%
HYGI
0.4%

Basic Materials

VLUE
1.6%
HYGI

-

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iShares Edge MSCI USA Value Factor ETF

iShares Inflation Hedged High Yield Bond ETF

Often compared with VLUE:
VLUE vs. AVLVVLUE vs. VLUVLUE vs. VOOVLUE vs. IUSVVLUE vs. QVALVLUE vs. SCHVVLUE vs. SCHD
Often compared with HYGI:
HYGI vs. HYGHYGI vs. SHYGHYGI vs. SHVHYGI vs. AGGHYGI vs. FIPDXHYGI vs. SPHYHYGI vs. LNG

Return for Risk

VLUE vs. HYGI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VLUE
VLUE Risk / Return Rank: 9797
Overall Rank
VLUE Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
VLUE Sortino Ratio Rank: 9797
Sortino Ratio Rank
VLUE Omega Ratio Rank: 9696
Omega Ratio Rank
VLUE Calmar Ratio Rank: 9797
Calmar Ratio Rank
VLUE Martin Ratio Rank: 9797
Martin Ratio Rank
HYGI
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VLUE vs. HYGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor ETF (VLUE) 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.

VLUEHYGIDifference
Sharpe ratioReturn per unit of total volatility
4.65

—

—

Sortino ratioReturn per unit of downside risk
5.85

—

—

Omega ratioGain probability vs. loss probability

1.79

—

—

Calmar ratioReturn relative to maximum drawdown

9.24

—

—

Martin ratioReturn relative to average drawdown

40.39

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VLUE vs. HYGI - Sharpe Ratio Comparison

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Sharpe Ratios by Period

VLUEHYGIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.65

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.88

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

—

—

Drawdowns

VLUE vs. HYGI - Drawdown Comparison

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Drawdown Indicators

VLUEHYGIDifference

Max Drawdown

Largest peak-to-trough decline

-39.47%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-9.04%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-17.89%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-27.12%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-39.47%

—

—

Current Drawdown

Current decline from peak

-3.99%

—

—

Average Drawdown

Average peak-to-trough decline

-6.01%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.06%

—

—

Volatility

VLUE vs. HYGI - Volatility Comparison

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Volatility by Period

VLUEHYGIDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.02%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

14.83%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

17.97%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.91%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.88%

—

—

VLUE vs. HYGI - Expense Ratio Comparison

VLUE has a 0.15% expense ratio, which is lower than HYGI's 0.52% expense ratio.

Dividends

VLUE vs. HYGI - Dividend Comparison

VLUE's dividend yield for the trailing twelve months is around 1.45%, while HYGI has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
VLUE
iShares Edge MSCI USA Value Factor ETF		1.45%2.11%2.73%2.66%3.18%2.22%2.42%2.61%2.70%2.14%2.07%2.39%

Frequently Asked Questions

VLUE and HYGI have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VLUE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VLUE is cheaper with a 0.15% expense ratio, compared with 0.52% for HYGI.

VLUE has the higher dividend yield at 1.45%, compared with 0.97% for HYGI.

VLUE is categorized as Large Cap Value Equities, while HYGI is Inflation-Protected Bonds. VLUE tracks MSCI USA Value Weighted Index, while HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. Their fees differ too: 0.15% for VLUE and 0.52% for HYGI.

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