WEX vs. HYDB
WEX (WEX Inc.) is a stock, while HYDB (iShares High Yield Bond Factor ETF) is High Yield Bonds fund tracking the BlackRock High Yield Defensive Bond Index. Over the past 5 years, WEX returned -8.06%/yr vs 4.60%/yr for HYDB. At a 0.44 correlation, their price movements are largely independent.
Performance
WEX vs. HYDB - Performance Comparison
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Returns By Period
In the year-to-date period, WEX achieves a -12.71% return, which is significantly lower than HYDB's 1.58% return.
WEX
- 1D
- 1.98%
- 1M
- -13.62%
- YTD
- -12.71%
- 6M
- -15.45%
- 1Y
- -7.55%
- 3Y*
- -8.94%
- 5Y*
- -8.06%
- 10Y*
- 4.16%
HYDB
- 1D
- -0.11%
- 1M
- 0.52%
- YTD
- 1.58%
- 6M
- 1.86%
- 1Y
- 6.61%
- 3Y*
- 9.39%
- 5Y*
- 4.60%
- 10Y*
- —
WEX vs. HYDB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WEX WEX Inc. | -12.71% | -15.02% | -9.88% | 18.88% | 16.57% | -31.02% | -2.83% | 49.55% | -0.83% | 28.73% |
HYDB iShares High Yield Bond Factor ETF | 1.58% | 8.10% | 9.11% | 14.02% | -9.99% | 5.14% | 7.39% | 16.13% | -3.18% | 3.38% |
Correlation
The correlation between WEX and HYDB is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2017 | 0.44 |
Over the past year, the correlation between WEX and HYDB has dropped to 0.23 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
WEX vs. HYDB — Risk / Return Rank
WEX
HYDB
WEX vs. HYDB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WEX Inc. (WEX) and iShares High Yield Bond Factor ETF (HYDB). 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.
| WEX | HYDB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.33 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 2.34 | -2.58 |
| Martin ratioReturn relative to average drawdown | -0.56 | 10.32 | -10.88 |
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Drawdowns
WEX vs. HYDB - Drawdown Comparison
The maximum WEX drawdown since its inception was -78.96%, which is greater than HYDB's maximum drawdown of -21.58%. Use the drawdown chart below to compare losses from any high point for WEX and HYDB.
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Drawdown Indicators
| WEX | HYDB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.96% | -21.58% | -57.38% |
Max Drawdown (1Y)Largest decline over 1 year | -31.40% | -2.83% | -28.57% |
Max Drawdown (3Y)Largest decline over 3 years | -53.15% | -5.58% | -47.57% |
Max Drawdown (5Y)Largest decline over 5 years | -53.15% | -14.28% | -38.87% |
Max Drawdown (10Y)Largest decline over 10 years | -64.60% | — | — |
Current DrawdownCurrent decline from peak | -46.31% | -0.20% | -46.11% |
Average DrawdownAverage peak-to-trough decline | -17.54% | -2.38% | -15.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.49% | 0.64% | +12.85% |
Volatility
WEX vs. HYDB - Volatility Comparison
WEX Inc. (WEX) has a higher volatility of 11.32% compared to iShares High Yield Bond Factor ETF (HYDB) at 1.05%. This indicates that WEX's price experiences larger fluctuations and is considered to be riskier than HYDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEX | HYDB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.32% | 1.05% | +10.27% |
Volatility (6M)Calculated over the trailing 6-month period | 32.90% | 3.03% | +29.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.05% | 3.85% | +34.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.78% | 7.05% | +29.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.13% | 7.74% | +32.39% |
Dividends
WEX vs. HYDB - Dividend Comparison
WEX has not paid dividends to shareholders, while HYDB's dividend yield for the trailing twelve months is around 6.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HYDB iShares High Yield Bond Factor ETF | 6.98% | 7.04% | 6.95% | 7.00% | 6.30% | 4.70% | 5.81% | 5.68% | 6.16% | 2.70% |
WEX WEX Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WEX and HYDB have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEX has higher volatility (11.32%) compared to HYDB (1.05%). In terms of maximum drawdown, WEX dropped -78.96% vs HYDB's -21.58%.
HYDB currently has the higher Sharpe Ratio (1.73 vs -0.20), 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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