WFRPX vs. HYGH
Compare and contrast key facts about Wealthfront Risk Parity Fund Class W (WFRPX) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
WFRPX is managed by Wealthfront. It was launched on Jan 22, 2018. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WFRPX or HYGH.
Key characteristics
| WFRPX | HYGH | |
|---|---|---|
| YTD Return | -2.76% | 3.72% |
| 1Y Return | 0.73% | 14.47% |
| 3Y Return (Ann) | -5.60% | 5.98% |
| 5Y Return (Ann) | -1.62% | 4.81% |
| Sharpe Ratio | 0.04 | 2.99 |
| Daily Std Dev | 11.32% | 4.68% |
| Max Drawdown | -42.76% | -23.88% |
| Current Drawdown | -24.46% | -0.04% |
Correlation
The correlation between WFRPX and HYGH is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WFRPX vs. HYGH - Performance Comparison
In the year-to-date period, WFRPX achieves a -2.76% return, which is significantly lower than HYGH's 3.72% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WFRPX vs. HYGH - Expense Ratio Comparison
WFRPX has a 0.25% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Risk-Adjusted Performance
WFRPX vs. HYGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wealthfront Risk Parity Fund Class W (WFRPX) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.
Dividends
WFRPX vs. HYGH - Dividend Comparison
WFRPX's dividend yield for the trailing twelve months is around 4.99%, less than HYGH's 8.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
WFRPX Wealthfront Risk Parity Fund Class W | 3.69% | 4.86% | 1.31% | 3.02% | 0.29% | 3.63% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 8.82% | 8.95% | 6.21% | 3.74% | 4.06% | 4.88% | 6.45% | 4.79% | 4.60% | 5.75% | 3.62% |
Drawdowns
WFRPX vs. HYGH - Drawdown Comparison
The maximum WFRPX drawdown since its inception was -42.76%, which is greater than HYGH's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for WFRPX and HYGH. For additional features, visit the drawdowns tool.
Volatility
WFRPX vs. HYGH - Volatility Comparison
Wealthfront Risk Parity Fund Class W (WFRPX) has a higher volatility of 3.74% compared to iShares Interest Rate Hedged High Yield Bond ETF (HYGH) at 1.03%. This indicates that WFRPX's price experiences larger fluctuations and is considered to be riskier than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.