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. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
CMBO vs. SHV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CMBO achieves a 1.80% return, which is significantly higher than SHV's 1.58% return.
CMBO
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 1.80%
- 6M
- 1.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHV
- 1D
- -0.01%
- 1M
- 0.25%
- YTD
- 1.58%
- 6M
- 1.68%
- 1Y
- 3.83%
- 3Y*
- 4.60%
- 5Y*
- 3.35%
- 10Y*
- 2.23%
CMBO vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CMBO Wayfinder Dynamic U.S. Interest Rate ETF | 1.80% | 0.55% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.58% | 0.65% |
Correlation
The correlation between CMBO and SHV is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025 | 0.38 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | — | 35.59 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 141.48 | — |
| Martin ratioReturn relative to average drawdown | — | 1,585.41 | — |
Loading charts...
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.
Loading charts...
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 | — | -0.39% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.01% | +0.01% |
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
Loading charts...
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 | — | 0.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.37% | 0.21% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.37% | 0.29% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.37% | 0.28% | +0.09% |
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 3.83%.
| 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 | 3.83% | 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 0.38, 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 3.83%, 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.
Find the right allocation for CMBO and SHV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer