iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SHYG. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SHYG
SHYG charges 0.30% annually. There are 20 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab High Yield Bond ETF | 0.03% | 2.75B | Jul 2023 | SHYG vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.60B | Jun 2012 | SHYG vs SPHY | |
| Nuveen High Yield Corporate Bond ETF | 0.08% | 1.70B | Sep 2025 | SHYG vs NHYB | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.15% | 28.59B | Oct 2017 | SHYG vs USHY | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | 0.15% | 615.72M | Sep 2016 | SHYG vs BBHY |
Best Risk-Adjusted Alternatives to SHYG
SHYG has a PortfoliosLab risk / return rank of 72. There are 22 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 96 | 870.26M | Aug 2018 | SHYG vs BSJQ | |
| Virtus Seix Senior Loan ETF | 96 | 251.21M | Apr 2019 | SHYG vs SEIX | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 93 | 259.69M | Dec 2013 | SHYG vs HYZD | |
| iShares Interest Rate Hedged High Yield Bond ETF | 89 | 596.69M | May 2014 | SHYG vs HYGH | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 88 | 865.81M | Sep 2019 | SHYG vs BSJR |
Top Performing SHYG Alternatives (YTD)
SHYG is at 2.30% YTD. There are 52 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 9.48%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 9.48% | — | Aug 2025 | SHYG vs DADS | |
| Man Active High Yield ETF | 6.41% | 19.82M | Sep 2025 | SHYG vs MHY | |
| VanEck Emerging Markets High Yield Bond ETF | 4.49% | 521.46M | May 2012 | SHYG vs HYEM | |
| ProShares High Yield-Interest Rate Hedged | 4.22% | 185.42M | May 2013 | SHYG vs HYHG | |
| iShares Interest Rate Hedged High Yield Bond ETF | 4.16% | 596.69M | May 2014 | SHYG vs HYGH |
Lowest Volatility Alternatives to SHYG
SHYG has 3.18% 1-year volatility. There are 28 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | SHYG vs ESHY | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.29% | 870.26M | Aug 2018 | SHYG vs BSJQ | |
| Virtus Seix Senior Loan ETF | 1.63% | 251.21M | Apr 2019 | SHYG vs SEIX | |
| State Street My2027 High Yield Corporate Bond ETF | 1.72% | 4.98M | Feb 2026 | SHYG vs MYHA | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 1.95% | 865.81M | Sep 2019 | SHYG vs BSJR |
Lowest Drawdown Alternatives to SHYG
SHYG has a 1-year max drawdown of -1.75%. There are 16 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.54%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 870.26M | Aug 2018 | SHYG vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 507.25M | Jul 2021 | SHYG vs IBHG | |
| Virtus Seix Senior Loan ETF | -1.13% | 251.21M | Apr 2019 | SHYG vs SEIX | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 865.81M | Sep 2019 | SHYG vs BSJR | |
| iShares iBonds 2028 Term High Yield and Income ETF | -1.22% | 457.18M | Mar 2022 | SHYG vs IBHH |
Other ETFs from iShares
The 10 most viewed iShares ETFs shown here include SGOV, IBIT, SOXX and span 14 categories. AUM among these funds goes as high as $869B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 100 | 2.14% | 99.95B | May 2020 | SHYG vs SGOV | |
| iShares Bitcoin Trust ETF | Cryptocurrency | 2 | -26.71% | 46.52B | Jan 2024 | SHYG vs IBIT | |
| iShares Semiconductor ETF | Semiconductors, Technology Equities | 90 | 80.24% | 44.69B | Jul 2001 | SHYG vs SOXX | |
| iShares Core S&P 500 ETF | S&P 500 | 72 | 13.72% | 869.20B | May 2000 | SHYG vs IVV | |
| iShares Core Dividend Growth ETF | Large Cap Growth Equities, Dividend | 91 | 15.02% | 42.77B | Jun 2014 | SHYG vs DGRO | |
| iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 7 | -2.43% | 41.54B | Jul 2002 | SHYG vs TLT | |
| iShares Silver Trust | Silver, Precious Metals | 33 | -16.42% | 28.08B | Apr 2006 | SHYG vs SLV | |
| iShares Gold Trust | Gold, Precious Metals | 26 | -5.52% | 59.74B | Jan 2005 | SHYG vs IAU | |
| iShares Russell 2000 ETF | Small Cap Blend Equities | 79 | 23.08% | 80.11B | May 2000 | SHYG vs IWM | |
| iShares MSCI ACWI ETF | Global Equities | 71 | 14.26% | 32.49B | Mar 2008 | SHYG vs ACWI |
Often Compared With SHYG
Investors most often compare SHYG with HYG, SJNK, SHY. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare SHYG with Any Fund or Stock
Compare SHYG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SHYG with funds that move differently
iShares 0-5 Year High Yield Corporate Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SHYG.
Explore SHYG Diversifiers