BNY vs. SHY
BNY (The Bank of New York Mellon Corporation) is a stock, while SHY (iShares 1-3 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Over the past 10 years, BNY returned 17.72%/yr vs 1.66%/yr for SHY. At a correlation of -0.22, they often move in opposite directions.
Performance
BNY vs. SHY - Performance Comparison
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Returns By Period
In the year-to-date period, BNY achieves a 36.49% return, which is significantly higher than SHY's 0.75% return. Over the past 10 years, BNY has outperformed SHY with an annualized return of 17.72%, while SHY has yielded a comparatively lower 1.66% annualized return.
BNY
- 1D
- -2.32%
- 1M
- 7.57%
- 6M
- 30.60%
- YTD
- 36.49%
- 1Y
- 63.48%
- 3Y*
- 55.34%
- 5Y*
- 29.59%
- 10Y*
- 17.72%
SHY
- 1D
- -0.01%
- 1M
- 0.43%
- 6M
- 0.78%
- YTD
- 0.75%
- 1Y
- 3.10%
- 3Y*
- 4.12%
- 5Y*
- 1.80%
- 10Y*
- 1.66%
BNY vs. SHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNY The Bank of New York Mellon Corporation | 36.49% | 54.45% | 51.90% | 18.52% | -19.14% | 40.55% | -12.91% | 9.56% | -10.85% | 15.68% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.75% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 3.03% | 3.38% | 1.46% | 0.26% |
Correlation
The correlation between BNY and SHY is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | -0.22 |
The correlation between BNY and SHY shifts across timeframes, from -0.22 (all time) to 0.02 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BNY vs. SHY — Risk / Return Rank
BNY
SHY
BNY vs. SHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bank of New York Mellon Corporation (BNY) and iShares 1-3 Year Treasury Bond ETF (SHY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BNY | SHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.45 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 6.29 | 3.50 | +2.78 |
| Martin ratioReturn relative to average drawdown | 17.70 | 13.73 | +3.97 |
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Drawdowns
BNY vs. SHY - Drawdown Comparison
The maximum BNY drawdown since its inception was -72.28%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for BNY and SHY.
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Drawdown Indicators
| BNY | SHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.28% | -5.71% | -66.57% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -0.89% | -9.26% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -0.97% | -16.61% |
Max Drawdown (5Y)Largest decline over 5 years | -40.45% | -5.71% | -34.74% |
Max Drawdown (10Y)Largest decline over 10 years | -50.49% | -5.71% | -44.78% |
Current DrawdownCurrent decline from peak | -3.22% | -0.01% | -3.21% |
Average DrawdownAverage peak-to-trough decline | -18.67% | -0.52% | -18.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 0.23% | +3.37% |
Volatility
BNY vs. SHY - Volatility Comparison
The Bank of New York Mellon Corporation (BNY) has a higher volatility of 8.32% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.52%. This indicates that BNY's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNY | SHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.32% | 0.52% | +7.80% |
Volatility (6M)Calculated over the trailing 6-month period | 17.26% | 1.06% | +16.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.15% | 1.38% | +19.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.61% | 2.00% | +22.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.91% | 1.57% | +25.34% |
Dividends
BNY vs. SHY - Dividend Comparison
BNY's dividend yield for the trailing twelve months is around 1.35%, less than SHY's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNY The Bank of New York Mellon Corporation | 1.35% | 1.72% | 2.32% | 3.04% | 3.12% | 2.24% | 2.92% | 2.34% | 2.21% | 1.60% | 1.52% | 1.65% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.65% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
Frequently Asked Questions
BNY and SHY have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNY has higher volatility (8.32%) compared to SHY (0.52%). In terms of maximum drawdown, BNY dropped -72.28% vs SHY's -5.71%.
BNY currently has the higher Sharpe Ratio (3.03 vs 2.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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