XHY.TO vs. HYG
Compare and contrast key facts about iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY.TO) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
XHY.TO and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHY.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl HY Bd GR CAD. It was launched on Jan 21, 2010. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007. Both XHY.TO and HYG 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: XHY.TO or HYG.
Correlation
The correlation between XHY.TO and HYG is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XHY.TO vs. HYG - Performance Comparison
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Key characteristics
XHY.TO:
0.96
HYG:
1.43
XHY.TO:
1.39
HYG:
2.11
XHY.TO:
1.19
HYG:
1.30
XHY.TO:
1.36
HYG:
1.79
XHY.TO:
6.16
HYG:
9.47
XHY.TO:
1.09%
HYG:
0.86%
XHY.TO:
7.02%
HYG:
5.75%
XHY.TO:
-28.48%
HYG:
-34.24%
XHY.TO:
-1.26%
HYG:
-0.83%
Returns By Period
In the year-to-date period, XHY.TO achieves a 1.23% return, which is significantly lower than HYG's 2.14% return. Over the past 10 years, XHY.TO has underperformed HYG with an annualized return of 3.22%, while HYG has yielded a comparatively higher 3.93% annualized return.
XHY.TO
1.23%
1.68%
0.89%
6.73%
6.20%
4.13%
3.22%
HYG
2.14%
2.46%
2.06%
8.18%
7.07%
4.76%
3.93%
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XHY.TO vs. HYG - Expense Ratio Comparison
XHY.TO has a 0.56% expense ratio, which is higher than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
XHY.TO vs. HYG — Risk-Adjusted Performance Rank
XHY.TO
HYG
XHY.TO vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY.TO) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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.
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Dividends
XHY.TO vs. HYG - Dividend Comparison
XHY.TO's dividend yield for the trailing twelve months is around 6.54%, more than HYG's 5.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XHY.TO iShares U.S. High Yield Bond Index ETF (CAD-Hedged) | 6.54% | 5.87% | 5.56% | 5.70% | 4.72% | 5.18% | 5.38% | 5.87% | 5.46% | 5.64% | 6.83% | 6.14% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.87% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
Drawdowns
XHY.TO vs. HYG - Drawdown Comparison
The maximum XHY.TO drawdown since its inception was -28.48%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for XHY.TO and HYG. For additional features, visit the drawdowns tool.
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Volatility
XHY.TO vs. HYG - Volatility Comparison
iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY.TO) has a higher volatility of 2.36% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.77%. This indicates that XHY.TO's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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