XHY.TO vs. XIG.TO
Compare and contrast key facts about iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY.TO) and iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIG.TO).
XHY.TO and XIG.TO 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. XIG.TO is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid Investment Grade Total Return Index Hedged in CAD. It was launched on Jan 21, 2010. Both XHY.TO and XIG.TO 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 XIG.TO.
Key characteristics
| XHY.TO | XIG.TO | |
|---|---|---|
| YTD Return | 7.11% | 4.80% |
| 1Y Return | 14.28% | 12.35% |
| 3Y Return (Ann) | 1.77% | -3.19% |
| 5Y Return (Ann) | 2.85% | 0.12% |
| 10Y Return (Ann) | 3.24% | 2.25% |
| Sharpe Ratio | 1.90 | 1.48 |
| Daily Std Dev | 6.85% | 8.20% |
| Max Drawdown | -28.48% | -25.49% |
| Current Drawdown | -0.00% | -9.74% |
Correlation
The correlation between XHY.TO and XIG.TO 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. XIG.TO - Performance Comparison
In the year-to-date period, XHY.TO achieves a 7.11% return, which is significantly higher than XIG.TO's 4.80% return. Over the past 10 years, XHY.TO has outperformed XIG.TO with an annualized return of 3.24%, while XIG.TO has yielded a comparatively lower 2.25% 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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XHY.TO vs. XIG.TO - Expense Ratio Comparison
XHY.TO has a 0.56% expense ratio, which is higher than XIG.TO's 0.32% expense ratio.
Risk-Adjusted Performance
XHY.TO vs. XIG.TO - 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 U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIG.TO). 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
XHY.TO vs. XIG.TO - Dividend Comparison
XHY.TO's dividend yield for the trailing twelve months is around 5.64%, more than XIG.TO's 4.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XHY.TO iShares U.S. High Yield Bond Index ETF (CAD-Hedged) | 5.64% | 5.56% | 5.70% | 4.72% | 5.18% | 5.38% | 5.87% | 5.46% | 5.64% | 6.83% | 6.14% | 5.95% |
XIG.TO iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged) | 4.24% | 3.88% | 3.23% | 2.21% | 2.62% | 3.07% | 3.42% | 2.87% | 3.27% | 3.10% | 3.05% | 3.93% |
Drawdowns
XHY.TO vs. XIG.TO - Drawdown Comparison
The maximum XHY.TO drawdown since its inception was -28.48%, which is greater than XIG.TO's maximum drawdown of -25.49%. Use the drawdown chart below to compare losses from any high point for XHY.TO and XIG.TO. For additional features, visit the drawdowns tool.
Volatility
XHY.TO vs. XIG.TO - Volatility Comparison
iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY.TO) and iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIG.TO) have volatilities of 2.37% and 2.26%, 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.