CCRV vs. SHYD
CCRV (iShares Commodity Curve Carry Strategy ETF) and SHYD (VanEck Short High Yield Muni ETF) are both exchange-traded funds - CCRV is a Commodities fund tracking the CCRV-US - ICE BofA Commodity Enhanced Carry Index, while SHYD is a Municipal Bonds fund tracking the Bloomberg Municipal High Yield Short Duration. Both are passively managed. At a 0.04 correlation, their price movements are largely independent. CCRV charges 0.40%/yr vs 0.35%/yr for SHYD.
Performance
CCRV vs. SHYD - Performance Comparison
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Returns By Period
CCRV
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHYD
- 1D
- -0.02%
- 1M
- 0.40%
- 6M
- 0.95%
- YTD
- 1.33%
- 1Y
- 4.85%
- 3Y*
- 4.17%
- 5Y*
- 0.80%
- 10Y*
- 2.00%
CCRV vs. SHYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CCRV iShares Commodity Curve Carry Strategy ETF | 0.00% | -0.05% | 5.74% | 5.47% | 19.91% | 33.78% | 7.16% |
SHYD VanEck Short High Yield Muni ETF | 1.33% | 5.58% | 4.85% | 2.39% | -9.11% | 4.04% | 2.96% |
Correlation
The correlation between CCRV and SHYD is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020 | 0.04 |
The correlation between CCRV and SHYD shifts across timeframes, from -0.19 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CCRV vs. SHYD — Risk / Return Rank
CCRV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SHYD
CCRV vs. SHYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Commodity Curve Carry Strategy ETF (CCRV) and VanEck Short High Yield Muni ETF (SHYD). 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.
| CCRV | SHYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.25 | — |
| Martin ratioReturn relative to average drawdown | — | 7.56 | — |
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Drawdowns
CCRV vs. SHYD - Drawdown Comparison
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Drawdown Indicators
| CCRV | SHYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -31.22% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.17% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.22% | — |
Current DrawdownCurrent decline from peak | — | -0.17% | — |
Average DrawdownAverage peak-to-trough decline | — | -3.00% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.65% | — |
Volatility
CCRV vs. SHYD - Volatility Comparison
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Volatility by Period
| CCRV | SHYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.66% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 2.91% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 5.38% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 9.69% | — |
CCRV vs. SHYD - Expense Ratio Comparison
CCRV has a 0.40% expense ratio, which is higher than SHYD's 0.35% expense ratio.
Dividends
CCRV vs. SHYD - Dividend Comparison
CCRV has not paid dividends to shareholders, while SHYD's dividend yield for the trailing twelve months is around 3.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCRV iShares Commodity Curve Carry Strategy ETF | 0.00% | 0.00% | 4.43% | 7.26% | 33.27% | 26.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHYD VanEck Short High Yield Muni ETF | 3.60% | 3.50% | 3.16% | 2.99% | 2.66% | 2.56% | 3.05% | 3.19% | 3.17% | 3.11% | 2.97% | 3.26% |
Frequently Asked Questions
CCRV and SHYD have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHYD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHYD is cheaper with a 0.35% expense ratio, compared with 0.40% for CCRV.
SHYD has the higher dividend yield at 3.60%, compared with 0.00% for CCRV.
CCRV is categorized as Commodities, while SHYD is Municipal Bonds. CCRV tracks CCRV-US - ICE BofA Commodity Enhanced Carry Index, while SHYD tracks Bloomberg Municipal High Yield Short Duration. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.40% for CCRV and 0.35% for SHYD.
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