WEX vs. HYDB
WEX (WEX Inc.) is a stock, while HYDB (iShares High Yield Systematic Bond ETF) is High Yield Bonds fund tracking the BlackRock High Yield Defensive Bond Index. Over the past 5 years, WEX returned -0.29%/yr vs 4.44%/yr for HYDB. Their 0.43 correlation means their historical movements had little consistent relationship.
Performance
WEX vs. HYDB - Performance Comparison
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Returns By Period
In the year-to-date period, WEX achieves a 25.49% return, which is significantly higher than HYDB's 1.34% return.
WEX
- 1D
- 0.30%
- 1M
- 27.64%
- 6M
- 21.48%
- YTD
- 25.49%
- 1Y
- 12.38%
- 3Y*
- -0.87%
- 5Y*
- -0.29%
- 10Y*
- 7.46%
- ALL TIME*
- 11.68%
HYDB
- 1D
- 0.00%
- 1M
- -0.41%
- 6M
- 0.57%
- YTD
- 1.34%
- 1Y
- 4.88%
- 3Y*
- 8.47%
- 5Y*
- 4.44%
- 10Y*
- —
- ALL TIME*
- 5.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.23M | $7.91M | $8.88M | |
WEX WEX Inc. | $201.00M | $140.42M | $103.49M |
WEX vs. HYDB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WEX WEX Inc. | 25.49% | -15.02% | -9.88% | 18.88% | 16.57% | -31.02% | -2.83% | 49.55% | -0.83% | 28.73% |
HYDB iShares High Yield Systematic Bond ETF | 1.34% | 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 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2017 | 0.43 |
Over the past year, the correlation between WEX and HYDB has dropped to 0.17 - well below their long-term average of 0.43, 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 Systematic Bond 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 | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.24 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 1.73 | -1.41 |
| Martin ratioReturn relative to average drawdown | 0.70 | 7.48 | -6.78 |
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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 | -22.81% | -0.51% | -22.30% |
Average DrawdownAverage peak-to-trough decline | -17.63% | -2.35% | -15.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.64% | 0.65% | +13.99% |
Volatility
WEX vs. HYDB - Volatility Comparison
WEX Inc. (WEX) has a higher volatility of 13.45% compared to iShares High Yield Systematic Bond ETF (HYDB) at 0.76%. 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 | 13.45% | 0.76% | +12.69% |
Volatility (6M)Calculated over the trailing 6-month period | 35.26% | 3.07% | +32.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.77% | 3.81% | +35.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.15% | 7.05% | +30.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.26% | 7.70% | +32.56% |
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 7.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HYDB iShares High Yield Systematic Bond ETF | 6.40% | 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 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEX has higher volatility (13.45%) compared to HYDB (0.76%). In terms of maximum drawdown, WEX dropped -78.96% vs HYDB's -21.58%.
HYDB currently has the higher Sharpe Ratio (1.28 vs 0.26), 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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