CMBO vs. SHV
CMBO (Wayfinder Dynamic U.S. Interest Rate ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both exchange-traded funds - CMBO is a Ultrashort Bond fund actively managed by Wayfinder, while SHV is a Government Bonds fund tracking the ICE Short US Treasury Securities Index. CMBO is actively managed, while SHV is passively managed. Their 0.39 correlation means their historical movements had little consistent relationship. Both charge a 0.15% expense ratio.
Performance
CMBO vs. SHV - Performance Comparison
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Returns By Period
In the year-to-date period, CMBO achieves a 2.34% return, which is significantly higher than SHV's 2.04% return.
CMBO
- 1D
- 0.01%
- 1M
- 0.44%
- 6M
- 2.03%
- YTD
- 2.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SHV
- 1D
- 0.01%
- 1M
- 0.31%
- 6M
- 1.74%
- YTD
- 2.04%
- 1Y
- 3.76%
- 3Y*
- 4.55%
- 5Y*
- 3.45%
- 10Y*
- 2.28%
- ALL TIME*
- 1.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $56.15K | $49.04K | $31.26K | |
| $334.38M | $282.86M | $284.47M |
CMBO vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CMBO Wayfinder Dynamic U.S. Interest Rate ETF | 2.34% | 0.55% |
SHV iShares 0-1 Year Treasury Bond ETF | 2.04% | 0.65% |
Correlation
The correlation between CMBO and SHV is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025 | 0.39 |
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Return for Risk
CMBO vs. SHV — Risk / Return Rank
CMBO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SHV
CMBO vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wayfinder Dynamic U.S. Interest Rate ETF (CMBO) and iShares 0-1 Year Treasury Bond ETF (SHV). 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.
| CMBO | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 28.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 138.81 | — |
| Martin ratioReturn relative to average drawdown | — | 1,475.46 | — |
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Drawdowns
CMBO vs. SHV - Drawdown Comparison
The maximum CMBO drawdown since its inception was -0.22%, smaller than the maximum SHV drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for CMBO and SHV.
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Drawdown Indicators
| CMBO | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.22% | -0.45% | +0.23% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.03% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -0.03% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
CMBO vs. SHV - Volatility Comparison
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Volatility by Period
| CMBO | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.35% | 0.20% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.35% | 0.29% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.35% | 0.28% | +0.07% |
CMBO vs. SHV - Expense Ratio Comparison
Both CMBO and SHV have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CMBO vs. SHV - Dividend Comparison
CMBO has not paid dividends to shareholders, while SHV's dividend yield for the trailing twelve months is around 3.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMBO Wayfinder Dynamic U.S. Interest Rate ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.74% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Frequently Asked Questions
CMBO and SHV have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CMBO and SHV have the same expense ratio: 0.15% per year.
SHV has the higher dividend yield at 3.74%, compared with 0.00% for CMBO.
CMBO is categorized as Ultrashort Bond, while SHV is Government Bonds. They also come from different issuers: Wayfinder and iShares.
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