HYG vs. VTIP
Compare and contrast key facts about iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
HYG and VTIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012. Both HYG and VTIP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYG or VTIP.
Correlation
The correlation between HYG and VTIP is 0.07, 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.
Performance
HYG vs. VTIP - Performance Comparison
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Key characteristics
HYG:
1.58
VTIP:
3.28
HYG:
2.27
VTIP:
4.94
HYG:
1.33
VTIP:
1.73
HYG:
1.91
VTIP:
6.77
HYG:
10.12
VTIP:
20.99
HYG:
0.86%
VTIP:
0.32%
HYG:
5.72%
VTIP:
2.04%
HYG:
-34.24%
VTIP:
-6.27%
HYG:
-0.11%
VTIP:
-0.58%
Returns By Period
In the year-to-date period, HYG achieves a 2.88% return, which is significantly lower than VTIP's 3.30% return. Over the past 10 years, HYG has outperformed VTIP with an annualized return of 4.01%, while VTIP has yielded a comparatively lower 2.80% annualized return.
HYG
2.88%
2.59%
2.93%
8.93%
7.32%
4.96%
4.01%
VTIP
3.30%
0.12%
3.51%
6.63%
3.50%
3.88%
2.80%
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HYG vs. VTIP - Expense Ratio Comparison
HYG has a 0.49% expense ratio, which is higher than VTIP's 0.04% expense ratio.
Risk-Adjusted Performance
HYG vs. VTIP — Risk-Adjusted Performance Rank
HYG
VTIP
HYG vs. VTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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.
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Dividends
HYG vs. VTIP - Dividend Comparison
HYG's dividend yield for the trailing twelve months is around 5.83%, more than VTIP's 2.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.83% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 2.76% | 2.70% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% |
Drawdowns
HYG vs. VTIP - Drawdown Comparison
The maximum HYG drawdown since its inception was -34.24%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for HYG and VTIP. For additional features, visit the drawdowns tool.
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Volatility
HYG vs. VTIP - Volatility Comparison
iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a higher volatility of 1.75% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.89%. This indicates that HYG's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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