HYG vs VMBS

Comparison between ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF (HYG, ETF) and VANGUARD MORTGAGE-BACKED SECURITIES INDEX FUND ETF SHARES (VMBS, ETF).

5-Year PerformanceHYG has outperformed VMBS, delivering a return of +3.8% compared to +0.5%

HYG vs VMBS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HYG(ETF)	VMBS(ETF)
Net Assets	$16B	$17B
Expense Ratio	0.49%	0.03%
Max Drawdown	41.90%	22.61%
Sharpe Ratio	1.10	0.64
5Y Beta	0.24	0.04
5Y Dividends CAGR	4.66%	19.16%

Net Assets

HYG

$16B

Winner

VMBS

$17B

Expense Ratio

HYG

0.49%

Winner

VMBS

0.03%

Max Drawdown

HYG

41.90%

Winner

VMBS

22.61%

Sharpe Ratio

Winner

HYG

1.10

VMBS

0.64

5Y Beta

HYG

0.24

Winner

VMBS

0.04

5Y Dividends CAGR

HYG

4.66%

Winner

VMBS

19.16%

HYG vs VMBS - Historical Returns

Returns include dividend reinvestment.

Period	HYG	VMBS
1 month	+0.46%	+0.13%
3 months	+0.53%	+0.39%
6 months	+2.72%	+1.78%
1 year	+8.22%	+7.22%
5 years(CAGR)	+3.83%	+0.51%
10 years(CAGR)	+5.14%	+1.42%
Max(CAGR)	+4.98%	+2.13%

Winner

HYG

+0.46%

VMBS

+0.13%

Winner

HYG

+0.53%

VMBS

+0.39%

Winner

HYG

+2.72%

VMBS

+1.78%

Winner

HYG

+8.22%

VMBS

+7.22%

5Y(CAGR)

Winner

HYG

+3.83%

VMBS

+0.51%

10Y(CAGR)

Winner

HYG

+5.14%

VMBS

+1.42%

Max(CAGR)

Winner

HYG

+4.98%

VMBS

+2.13%

HYG vs VMBS - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	HYG	VMBS
2026	+1.34%	+1.23%
2025	+8.34%	+8.50%
2024	+8.33%	+2.27%
2023	+11.32%	+4.56%
2022	-10.95%	-11.51%
2021	+3.96%	-1.30%
2020	+4.04%	+3.66%
2019	+14.24%	+6.04%
2018	-2.11%	+0.95%
2017	+5.63%	+2.35%
2016	+14.09%	+1.28%
2015	-5.03%	+1.42%
2014	+1.72%	+5.91%
2013	+4.77%	-1.21%
2012	+11.30%	+2.35%
2011	+6.68%	+5.83%
2010	+11.02%	+5.12%
2009	+28.98%	-1.00%
2008	-16.57%	N/A
2007	+1.62%	N/A

HYG vs VMBS Drawdown Comparison

The maximum drawdown for HYG was -34.28%, occurring on Nov 20, 2008. Recovery took 556 trading sessions.

The maximum drawdown for VMBS was -17.47%, occurring on Oct 20, 2022. Recovery took 1201 trading sessions.

The current HYG drawdown is -0.11%. The current VMBS drawdown is -0.89%.

Rank	HYG	VMBS
#1	-34.28% Sep 19, 2007 - Dec 2, 2009	-17.47% Jan 5, 2021 - Oct 16, 2025
#2	-22.03% Feb 13, 2020 - Nov 4, 2020	-5.08% Mar 9, 2020 - Mar 27, 2020
#3	-15.79% Dec 27, 2021 - Mar 7, 2024	-4.00% Sep 26, 2012 - Mar 3, 2014
#4	-13.44% Apr 15, 2015 - Jul 8, 2016	-3.26% Sep 27, 2016 - Aug 3, 2017
#5	-10.05% Jul 22, 2011 - Oct 24, 2011	-2.81% Sep 7, 2017 - Dec 28, 2018
#6	-8.38% May 25, 2007 - Sep 18, 2007	-2.79% Nov 4, 2010 - Mar 16, 2011
#7	-7.90% Oct 27, 2011 - Dec 23, 2011	-2.51% Feb 27, 2026 - Mar 26, 2026
#8	-7.07% Apr 23, 2010 - Jul 20, 2010	-1.50% Apr 24, 2015 - Sep 17, 2015
#9	-7.05% May 8, 2013 - Nov 29, 2013	-1.47% Nov 30, 2009 - Feb 4, 2010
#10	-6.42% Jun 25, 2014 - Apr 15, 2015	-1.33% Mar 16, 2011 - Apr 18, 2011
#11	-6.41% Oct 1, 2018 - Jan 31, 2019	-1.30% Sep 22, 2011 - Dec 7, 2011
#12	-6.05% Jan 8, 2010 - Mar 16, 2010	-1.13% Mar 23, 2010 - May 7, 2010
#13	-4.56% May 18, 2011 - Jul 7, 2011	-1.01% Jun 8, 2011 - Jul 29, 2011
#14	-4.56% Feb 28, 2025 - May 12, 2025	-0.95% Aug 18, 2011 - Sep 22, 2011
#15	-4.50% May 2, 2012 - Jun 29, 2012	-0.91% Oct 19, 2015 - Jan 7, 2016

Correlation

Correlation between HYG and VMBS is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89

-101

Dividend Comparison (2007 - 2026)

HYG vs VMBS dividend yield comparison.

Year	HYG	VMBS
2026	1.99%	1.38%
2025	5.71%	4.20%
2024	6.01%	3.94%
2023	5.74%	3.31%
2022	5.30%	2.35%
2021	4.02%	1.02%
2020	4.88%	2.01%
2019	4.99%	2.77%
2018	5.54%	2.72%
2017	5.12%	2.16%
2016	5.27%	2.10%
2015	5.90%	2.12%
2014	5.69%	1.90%
2013	6.10%	0.99%
2012	6.60%	1.62%
2011	7.51%	2.65%
2010	8.25%	3.88%
2009	9.48%	0.20%
2008	10.08%	0.00%
2007	5.23%	0.00%