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YLD vs. HYGH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between YLD and HYGH is 0.46, 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.


-0.50.00.51.00.5

Performance

YLD vs. HYGH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Active High Yield ETF (YLD) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
4.66%
5.31%
YLD
HYGH

Key characteristics

Sharpe Ratio

YLD:

1.85

HYGH:

2.26

Sortino Ratio

YLD:

2.76

HYGH:

3.12

Omega Ratio

YLD:

1.33

HYGH:

1.50

Calmar Ratio

YLD:

5.50

HYGH:

2.70

Martin Ratio

YLD:

19.47

HYGH:

21.51

Ulcer Index

YLD:

0.51%

HYGH:

0.47%

Daily Std Dev

YLD:

5.42%

HYGH:

4.47%

Max Drawdown

YLD:

-28.34%

HYGH:

-23.88%

Current Drawdown

YLD:

-1.48%

HYGH:

-0.62%

Returns By Period

In the year-to-date period, YLD achieves a 9.01% return, which is significantly lower than HYGH's 10.28% return.


YLD

YTD

9.01%

1M

-0.41%

6M

4.59%

1Y

8.92%

5Y*

4.57%

10Y*

N/A

HYGH

YTD

10.28%

1M

-0.26%

6M

5.30%

1Y

10.23%

5Y*

5.52%

10Y*

4.99%

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


YLD vs. HYGH - Expense Ratio Comparison

YLD has a 0.39% expense ratio, which is lower than HYGH's 0.53% expense ratio.


HYGH
iShares Interest Rate Hedged High Yield Bond ETF
Expense ratio chart for HYGH: current value at 0.53% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.53%
Expense ratio chart for YLD: current value at 0.39% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.39%

Risk-Adjusted Performance

YLD vs. HYGH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Active High Yield ETF (YLD) 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.


Sharpe ratio
The chart of Sharpe ratio for YLD, currently valued at 1.67, compared to the broader market0.002.004.001.672.26
The chart of Sortino ratio for YLD, currently valued at 2.47, compared to the broader market-2.000.002.004.006.008.0010.002.473.12
The chart of Omega ratio for YLD, currently valued at 1.30, compared to the broader market0.501.001.502.002.503.001.301.50
The chart of Calmar ratio for YLD, currently valued at 4.90, compared to the broader market0.005.0010.0015.004.902.70
The chart of Martin ratio for YLD, currently valued at 17.06, compared to the broader market0.0020.0040.0060.0080.00100.0017.0621.51
YLD
HYGH

The current YLD Sharpe Ratio is 1.85, which is comparable to the HYGH Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of YLD and HYGH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.67
2.26
YLD
HYGH

Dividends

YLD vs. HYGH - Dividend Comparison

YLD's dividend yield for the trailing twelve months is around 7.03%, less than HYGH's 8.08% yield.


TTM2023202220212020201920182017201620152014
YLD
Principal Active High Yield ETF
7.03%6.46%6.50%4.22%4.40%4.81%5.82%5.86%4.83%2.56%0.00%
HYGH
iShares Interest Rate Hedged High Yield Bond ETF
8.08%8.95%6.21%3.74%4.06%4.89%6.45%4.79%4.59%5.74%3.62%

Drawdowns

YLD vs. HYGH - Drawdown Comparison

The maximum YLD drawdown since its inception was -28.34%, which is greater than HYGH's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for YLD and HYGH. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.48%
-0.62%
YLD
HYGH

Volatility

YLD vs. HYGH - Volatility Comparison

Principal Active High Yield ETF (YLD) has a higher volatility of 1.56% compared to iShares Interest Rate Hedged High Yield Bond ETF (HYGH) at 0.64%. This indicates that YLD'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.


0.50%1.00%1.50%2.00%2.50%3.00%JulyAugustSeptemberOctoberNovemberDecember
1.56%
0.64%
YLD
HYGH
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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