HEFA vs SHYG
Comparison between ISHARES CURRENCY HEDGED MSCI EAFE ETF (HEFA, ETF) and ISHARES 0-5 YEAR HIGH YIELD CORPORATE BOND ETF (SHYG, ETF).
5-Year PerformanceHEFA has outperformed SHYG, delivering a return of +14.3% compared to +5.0%
HEFA vs SHYG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HEFA vs SHYG - Historical Returns
Returns include dividend reinvestment.
HEFA vs SHYG - Annual Returns (2013 - 2026)
Returns include dividend reinvestment.
| Year | HEFA | SHYG |
|---|---|---|
| 2026 | +14.53% | +2.54% |
| 2025 | +24.11% | +7.71% |
| 2024 | +13.79% | +8.38% |
| 2023 | +18.27% | +10.24% |
| 2022 | -5.86% | -4.63% |
| 2021 | +19.07% | +4.78% |
| 2020 | +0.72% | +2.98% |
| 2019 | +27.05% | +10.08% |
| 2018 | -9.58% | +0.04% |
| 2017 | +15.19% | +4.86% |
| 2016 | +8.06% | +12.94% |
| 2015 | +3.94% | -3.10% |
| 2014 | +6.13% | +0.23% |
| 2013 | N/A | +1.99% |
HEFA vs SHYG Drawdown Comparison
The maximum drawdown for HEFA was -32.39%, occurring on Mar 16, 2020. Recovery took 226 trading sessions.
The maximum drawdown for SHYG was -19.27%, occurring on Mar 23, 2020. Recovery took 192 trading sessions.
The current HEFA drawdown is -1.47%. The current SHYG drawdown is -0.05%.
| Rank | HEFA | SHYG |
|---|---|---|
| #1 | -32.39% Feb 12, 2020 - Jan 5, 2021 | -19.27% Feb 14, 2020 - Nov 17, 2020 |
| #2 | -23.14% May 27, 2015 - Mar 1, 2017 | -10.32% May 29, 2015 - Jul 8, 2016 |
| #3 | -15.43% Jan 23, 2018 - Apr 12, 2019 | -9.39% Dec 27, 2021 - Jul 13, 2023 |
| #4 | -14.77% Jan 4, 2022 - Jan 23, 2023 | -5.15% Jun 23, 2014 - Apr 9, 2015 |
| #5 | -14.28% Feb 18, 2025 - May 12, 2025 | -5.04% Oct 1, 2018 - Jan 31, 2019 |
| #6 | -9.79% Jul 12, 2024 - Oct 14, 2024 | -4.53% Feb 28, 2025 - May 12, 2025 |
| #7 | -9.52% Feb 25, 2026 - May 21, 2026 | -2.69% Oct 24, 2016 - Dec 6, 2016 |
| #8 | -9.48% Sep 4, 2014 - Nov 18, 2014 | -2.39% Sep 1, 2023 - Nov 3, 2023 |
| #9 | -7.49% Dec 5, 2014 - Jan 26, 2015 | -1.86% Jan 26, 2018 - Apr 12, 2018 |
| #10 | -6.87% Jul 3, 2019 - Sep 12, 2019 | -1.75% Feb 2, 2026 - Apr 8, 2026 |
| #11 | -6.78% Jul 31, 2023 - Nov 24, 2023 | -1.74% Mar 27, 2024 - May 3, 2024 |
| #12 | -5.83% Mar 3, 2023 - Apr 10, 2023 | -1.61% Nov 5, 2021 - Dec 23, 2021 |
| #13 | -5.59% Nov 16, 2021 - Jan 3, 2022 | -1.57% Mar 1, 2017 - Apr 20, 2017 |
| #14 | -4.97% Apr 29, 2019 - Jul 1, 2019 | -1.48% May 3, 2019 - Jun 18, 2019 |
| #15 | -4.84% Jun 19, 2014 - Sep 4, 2014 | -1.38% Oct 20, 2017 - Jan 3, 2018 |
Correlation
Correlation between HEFA and SHYG is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2013 - 2026)
HEFA vs SHYG dividend yield comparison.
| Year | HEFA | SHYG |
|---|---|---|
| 2026 | 1.46% | 4.08% |
| 2025 | 4.40% | 7.03% |
| 2024 | 3.09% | 6.93% |
| 2023 | 3.02% | 6.54% |
| 2022 | 25.14% | 5.57% |
| 2021 | 3.06% | 4.83% |
| 2020 | 2.10% | 5.07% |
| 2019 | 7.56% | 5.33% |
| 2018 | 4.58% | 5.90% |
| 2017 | 2.55% | 5.49% |
| 2016 | 3.17% | 5.53% |
| 2015 | 3.54% | 5.17% |
| 2014 | 3.40% | 4.33% |
| 2013 | 0.00% | 0.85% |
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