WIP vs. HYXU
Compare and contrast key facts about SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) and iShares International High Yield Bond ETF (HYXU).
WIP and HYXU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WIP is a passively managed fund by State Street that tracks the performance of the FTSE International Inflation-Linked Securities Select (USD). It was launched on Mar 13, 2008. HYXU is a passively managed fund by iShares that tracks the performance of the Markit iBoxx Global Developed Markets ex-US High Yield Index. It was launched on Apr 3, 2012. Both WIP and HYXU 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: WIP or HYXU.
Key characteristics
| WIP | HYXU | |
|---|---|---|
| YTD Return | -6.38% | 1.32% |
| 1Y Return | 2.15% | 10.15% |
| 3Y Return (Ann) | -5.56% | -0.34% |
| 5Y Return (Ann) | -1.74% | 1.82% |
| 10Y Return (Ann) | -0.57% | 1.46% |
| Sharpe Ratio | 0.19 | 1.32 |
| Sortino Ratio | 0.35 | 1.99 |
| Omega Ratio | 1.04 | 1.24 |
| Calmar Ratio | 0.09 | 0.67 |
| Martin Ratio | 0.38 | 5.24 |
| Ulcer Index | 4.87% | 1.97% |
| Daily Std Dev | 9.98% | 7.82% |
| Max Drawdown | -29.59% | -32.45% |
| Current Drawdown | -17.95% | -6.71% |
Correlation
The correlation between WIP and HYXU is 0.54, 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
WIP vs. HYXU - Performance Comparison
In the year-to-date period, WIP achieves a -6.38% return, which is significantly lower than HYXU's 1.32% return. Over the past 10 years, WIP has underperformed HYXU with an annualized return of -0.57%, while HYXU has yielded a comparatively higher 1.46% annualized 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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WIP vs. HYXU - Expense Ratio Comparison
WIP has a 0.50% expense ratio, which is higher than HYXU's 0.40% expense ratio.
Risk-Adjusted Performance
WIP vs. HYXU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) and iShares International High Yield Bond ETF (HYXU). 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
WIP vs. HYXU - Dividend Comparison
WIP's dividend yield for the trailing twelve months is around 6.09%, more than HYXU's 3.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 6.09% | 6.54% | 11.15% | 4.63% | 1.59% | 2.49% | 4.05% | 1.92% | 1.26% | 1.14% | 2.56% | 2.39% |
HYXU iShares International High Yield Bond ETF | 3.34% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.50% | 3.25% | 4.55% | 5.02% |
Drawdowns
WIP vs. HYXU - Drawdown Comparison
The maximum WIP drawdown since its inception was -29.59%, smaller than the maximum HYXU drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for WIP and HYXU. For additional features, visit the drawdowns tool.
Volatility
WIP vs. HYXU - Volatility Comparison
SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) and iShares International High Yield Bond ETF (HYXU) have volatilities of 2.30% and 2.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.