HYG vs LIN
- 2 of 19 forces clearly differ
- Data through Oct 30, 2026
- Market move removed first
HYG and LIN clearly differ on 2 of 19 forces. The widest gap is short-term rates: in weeks when the 2-year Treasury yield rose 0.25 percentage points, HYG typically moved −0.61% and LIN +1.2%.
| Economic force | HYGiShares iBoxx $ High Yield Corporate Bond ETF | LINLinde plc |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.85%−1.0% to −0.74%Clear | −0.80%−1.5% to −0.11%Tentative |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +0.76%+0.47% to +1.1%Clear | +1.1%−0.42% to +2.6%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.19%−0.32% to −0.06%Tentative | −0.63%−1.6% to +0.29%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | 0.00%−0.08% to +0.07%Not distinguishable from zero | +0.07%−0.56% to +0.70%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −0.44%−0.68% to −0.21%Clear | −0.35%−2.3% to +1.6%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage pointsClear difference | −0.61%−0.80% to −0.43%Clear | +1.2%−0.26% to +2.6%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.27%−0.37% to −0.18%Clear | −0.70%−1.3% to −0.06%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.14%−0.03% to +0.31%Not distinguishable from zero | −0.26%−1.1% to +0.55%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.03%−0.11% to +0.05%Not distinguishable from zero | +0.16%−0.45% to +0.76%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | 0.00%−0.06% to +0.05%Not distinguishable from zero | +0.12%−0.20% to +0.44%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | 0.00%0.00% to +0.01%Not distinguishable from zero | +0.02%0.00% to +0.04%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.06%−0.12% to 0.00%Tentative | +0.06%−0.32% to +0.43%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.07%+0.05% to +0.09%Clear | +0.12%−0.02% to +0.25%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.05%+0.02% to +0.07%Tentative | +0.51%+0.35% to +0.67%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.01%−0.04% to +0.02%Not distinguishable from zero | −0.01%−0.26% to +0.24%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +0.11%−0.12% to +0.34%Not distinguishable from zero | +0.32%−1.0% to +1.6%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.06%−0.05% to +0.16%Not distinguishable from zero | +0.06%−0.57% to +0.69%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.02%−0.01% to +0.04%Not distinguishable from zero | −0.11%−0.35% to +0.13%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.01%0.00% to +0.03%Not distinguishable from zero | 0.00%−0.13% to +0.14%Not distinguishable from zero |
Each figure is the stock's typical move in a week when the force moved by the stated amount, after accounting for the stock market, with its 90% range beneath. Grey figures could not be told apart from zero. A row is marked a clear difference only when the two 90% ranges do not overlap.
This describes the past, and it is not a forecast. Relationships change, and nothing here is a recommendation to buy, sell or hold any security.