VTV vs. HYGI

Last updated Jun 9, 2026

VTV (Vanguard Value ETF) and HYGI (iShares Inflation Hedged High Yield Bond ETF) are both exchange-traded funds - VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value 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 0.60 correlation means they provide meaningful diversification when combined. VTV charges 0.04%/yr vs 0.52%/yr for HYGI.

Performance

VTV vs. HYGI - Performance Comparison

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

Returns By Period

VTV

• 1D: 0.25%
• 1M: 2.67%
• YTD: 11.91%
• 6M: 13.41%
• 1Y: 25.49%
• 3Y*: 17.72%
• 5Y*: 11.30%
• 10Y*: 12.42%

HYGI

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VTV vs. HYGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VTV Vanguard Value ETF	11.91%	15.27%	15.95%	9.32%	9.19%
HYGI iShares Inflation Hedged High Yield Bond ETF	0.00%	6.20%	9.16%	11.71%	0.65%

Correlation

The correlation between VTV and HYGI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jun 24, 2022	0.60

Over the past year, the correlation between VTV and HYGI has dropped to 0.20 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

VTV vs. HYGI - Sectors Allocation Comparison

Sectors	VTV	HYGI
Financial Services	22.3%	-
Healthcare	14.5%	-
Industrials	14.0%	-
Technology	13.4%	-
Consumer Defensive	9.4%	-
Energy	8.1%	-
Utilities	5.2%	99.6%
Consumer Cyclical	4.0%	-
Communication Services	3.3%	-
Basic Materials	3.1%	-
Real Estate	2.8%	0.4%

Return for Risk

VTV vs. HYGI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VTV

VTV Risk / Return Rank: 84
VTV Sharpe Ratio Rank: 85
VTV Sortino Ratio Rank: 87
VTV Omega Ratio Rank: 83
VTV Calmar Ratio Rank: 83
VTV Martin Ratio Rank: 83

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.

VTV vs. HYGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) 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.

	VTV	HYGI	Difference
Sharpe ratio: Return per unit of total volatility	2.52	—	—
Sortino ratio: Return per unit of downside risk	3.58	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	4.03	—	—
Martin ratio: Return relative to average drawdown	15.20	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VTV	HYGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	—	—

Drawdowns

Drawdown Indicators

	VTV	HYGI	Difference
Max Drawdown Largest peak-to-trough decline	-59.27%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.35%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.04%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.78%	—	—
Current Drawdown Current decline from peak	-1.11%	—	—
Average Drawdown Average peak-to-trough decline	-7.87%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	—	—

Volatility

Volatility by Period

	VTV	HYGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.18%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.89%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.68%	—	—

VTV vs. HYGI - Expense Ratio Comparison

VTV has a 0.04% expense ratio, which is lower than HYGI's 0.52% expense ratio.

Dividends

VTV vs. HYGI - Dividend Comparison

VTV's dividend yield for the trailing twelve months is around 1.87%, 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%
VTV Vanguard Value ETF	1.87%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both VTV and HYGI in my portfolio?

VTV and HYGI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VTV or HYGI?

On fees, VTV is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VTV or HYGI?

VTV is cheaper with a 0.04% expense ratio, compared with 0.52% for HYGI.

Which ETF pays a higher dividend yield, VTV or HYGI?

VTV has the higher dividend yield at 1.87%, compared with 0.97% for HYGI.

What is the main difference between VTV and HYGI?

VTV is categorized as Large Cap Value Equities, while HYGI is Inflation-Protected Bonds. VTV tracks CRSP US Large Cap Value 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: 0.04% for VTV and 0.52% for HYGI.