HFXI vs IGBH
NYLI FTSE International Equity Currency Neutral ETF vs iShares Interest Rate Hedged Long-Term Corporate Bond ETF
Quick Verdict
IGBH has a lower expense ratio. HFXI delivered stronger 1-year returns. IGBH offers more diversification with 4,130 holdings.
Side-by-Side Comparison
| Metric | HFXI | IGBH | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.14% | |
| AUM | $2.1B | $233M | |
| Dividend Yield | 3.39% | 5.62% | |
| Holdings | 876 | 4,130 | |
| YTD Return | +17.30% | +2.18% | |
| 1Y Return | +29.54% | +5.92% | |
| 3Y Return (annualized) | +21.69% | +7.66% | |
| 5Y Return (annualized) | +12.45% | +5.45% | |
| Volatility (annualized) | 13.8% | 7.5% | |
| Max Drawdown | -34.2% | -38.9% | |
| Fund Family | INDEXIQ ETF TRUST | iShares by BlackRock (US) | |
| Category | Equity | Fixed Income | |
| Inception | Jul 22, 2015 | Jul 22, 2015 |
HFXI vs IGBH Performance
NYLI FTSE International Equity Currency Neutral ETF (HFXI) is a ETF from INDEXIQ ETF TRUST and iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is a ETF from iShares by BlackRock (US). Over the past year HFXI returned +29.54% while IGBH returned +5.92%. Year to date, HFXI is up 17.30% versus a gain of 2.18% for IGBH.
Over three years, HFXI compounded at +21.69% per year against +7.66% for IGBH; over five years the annualized figures are +12.45% and +5.45% respectively. Across the full 11-year window we track, HFXI has the edge at +7.92% annualized vs +2.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HFXI has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 7.5% for IGBH. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -34.2% for HFXI and -38.9% for IGBH. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HFXI charges 0.20% per year while IGBH charges 0.14%. On a $10,000 position that is $20 vs $14 annually, a gap of $6 per year that compounds over a long holding period. On income, HFXI currently yields 3.39% against 5.62% for IGBH.
Holdings Overlap
HFXI and IGBH share 0 holdings out of 818 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HFXI or IGBH?
HFXI has an expense ratio of 0.20% while IGBH charges 0.14%. IGBH is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, HFXI or IGBH?
Over the past year HFXI returned +29.54% vs +5.92% for IGBH, so HFXI leads on 1-year performance. Over the longest common window we track (11 years), HFXI annualized +7.92% vs +2.91% for IGBH. Past performance does not guarantee future results.
Which is riskier, HFXI or IGBH?
HFXI has been the more volatile fund at 13.8% annualized versus 7.5% for IGBH. Worst drawdown: HFXI -34.2% vs IGBH -38.9%.
Should I hold both HFXI and IGBH?
HFXI and IGBH have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HFXI and IGBH?
HFXI and IGBH share 0 common holdings with a 0.0% weight overlap. Combined, they hold 818 unique securities.
Which pays a higher dividend, HFXI or IGBH?
HFXI yields 3.39% while IGBH yields 5.62%, so IGBH currently pays the higher dividend yield.
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