HYI vs JHHY
Western Asset High Yield Defined Opportunity Fund Inc. vs John Hancock High Yield ETF
Which is better, HYI or JHHY?
JHHY has been ahead.
JHHY has a lower expense ratio. JHHY led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HYI | JHHY |
|---|---|---|
| Expense Ratio | 0.96% | 0.52%Best |
| AUM | $140M | $133M |
| Dividend Yield | 10.36% | 7.19% |
| Holdings | 258 | 561 |
| YTD Return | -6.61% | -0.35%Best |
| 1Y Return | -6.95% | +1.35%Best |
| 3Y Return (annualized) | +4.97% | - |
| 5Y Return (annualized) | -0.55% | - |
| Volatility (annualized) | 7.0% | 3.9%Best |
| Max Drawdown | -14.6% | -5.0%Best |
| $10,000 over 2.5 years | $10,663 | $11,669Best |
| Fund Family | Franklin Templeton Investments (US) | John Hancock Investment Management |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Oct 27, 2010 | May 1, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: May 2, 2024 to Oct 14, 2026 (2.5 years).
HYI vs JHHY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.5 years both funds cover.
HYI vs JHHY Performance
Western Asset High Yield Defined Opportunity Fund Inc. (HYI) is an ETF from Franklin Templeton Investments (US) and John Hancock High Yield ETF (JHHY) is an ETF from John Hancock Investment Management. Over the past year HYI returned -6.95% while JHHY returned +1.35%. Year to date, HYI is down 6.61% versus a loss of 0.35% for JHHY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HYI has been the more volatile fund, with annualized monthly volatility of 7.0% compared with 3.9% for JHHY. 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 -14.6% for HYI and -5.0% for JHHY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYI charges 0.96% per year while JHHY charges 0.52%. On a $10,000 position that is $96 vs $52 annually, a gap of $44 per year that compounds over a long holding period. On income, HYI currently yields 10.36% against 7.19% for JHHY.
Holdings Overlap
We hold position weights for 18 holdings in HYI and 409 in JHHY, totalling 3.5% and 62.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 18 positions we hold weights for in HYI and 409 in JHHY, against full books of 258 and 561.
You are not choosing between two funds in isolation.
Whichever of HYI and JHHY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HYI or JHHY?
HYI has an expense ratio of 0.96% while JHHY charges 0.52%. JHHY is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, HYI or JHHY?
Over the past year HYI returned -6.95% vs +1.35% for JHHY, so JHHY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HYI or JHHY?
HYI has been the more volatile fund at 7.0% annualized versus 3.9% for JHHY. Worst drawdown: HYI -14.6% vs JHHY -5.0%.
Should I hold both HYI and JHHY?
HYI and JHHY have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HYI or JHHY?
HYI yields 10.36% while JHHY yields 7.19%, so HYI currently pays the higher dividend yield.
Is JHHY better than HYI?
JHHY has a lower expense ratio. JHHY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.