CME vs. SHY
CME (CME Group Inc.) 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, CME returned 13.48%/yr vs 1.65%/yr for SHY. At a correlation of -0.15, they often move in opposite directions.
Performance
CME vs. SHY - Performance Comparison
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Returns By Period
In the year-to-date period, CME achieves a -7.62% return, which is significantly lower than SHY's 0.70% return. Over the past 10 years, CME has outperformed SHY with an annualized return of 13.48%, while SHY has yielded a comparatively lower 1.65% annualized return.
CME
- 1D
- 0.02%
- 1M
- -0.52%
- 6M
- -9.74%
- YTD
- -7.62%
- 1Y
- -7.30%
- 3Y*
- 13.77%
- 5Y*
- 7.36%
- 10Y*
- 13.48%
- ALL TIME*
- 19.41%
SHY
- 1D
- -0.04%
- 1M
- 0.25%
- 6M
- 0.74%
- YTD
- 0.70%
- 1Y
- 2.97%
- 3Y*
- 4.14%
- 5Y*
- 1.78%
- 10Y*
- 1.65%
- ALL TIME*
- 1.95%
CME vs. SHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CME CME Group Inc. | -7.62% | 19.83% | 15.41% | 31.32% | -22.89% | 29.47% | -6.34% | 9.67% | 32.15% | 32.35% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.70% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 3.03% | 3.38% | 1.46% | 0.26% |
Correlation
The correlation between CME and SHY is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2002 | -0.15 |
The correlation between CME and SHY shifts across timeframes, from -0.15 (all time) to 0.00 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CME vs. SHY — Risk / Return Rank
CME
SHY
CME vs. SHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CME Group Inc. (CME) 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.
| CME | SHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -3.71 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.43 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 3.35 | -3.59 |
| Martin ratioReturn relative to average drawdown | -0.73 | 13.14 | -13.87 |
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Drawdowns
CME vs. SHY - Drawdown Comparison
The maximum CME drawdown since its inception was -77.50%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for CME and SHY.
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Drawdown Indicators
| CME | SHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.50% | -5.71% | -71.79% |
Max Drawdown (1Y)Largest decline over 1 year | -31.09% | -0.89% | -30.20% |
Max Drawdown (3Y)Largest decline over 3 years | -31.09% | -0.97% | -30.12% |
Max Drawdown (5Y)Largest decline over 5 years | -31.74% | -5.71% | -26.03% |
Max Drawdown (10Y)Largest decline over 10 years | -37.36% | -5.71% | -31.65% |
Current DrawdownCurrent decline from peak | -22.73% | -0.05% | -22.68% |
Average DrawdownAverage peak-to-trough decline | -20.70% | -0.52% | -20.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.08% | 0.23% | +9.85% |
Volatility
CME vs. SHY - Volatility Comparison
CME Group Inc. (CME) has a higher volatility of 9.30% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.41%. This indicates that CME'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
| CME | SHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.30% | 0.41% | +8.89% |
Volatility (6M)Calculated over the trailing 6-month period | 18.97% | 1.06% | +17.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.66% | 1.38% | +21.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.49% | 2.00% | +18.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.06% | 1.58% | +22.48% |
Dividends
CME vs. SHY - Dividend Comparison
CME's dividend yield for the trailing twelve months is around 4.59%, more than SHY's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CME CME Group Inc. | 4.59% | 1.83% | 4.48% | 4.58% | 5.05% | 3.00% | 3.24% | 2.74% | 2.42% | 4.20% | 4.90% | 5.41% |
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
CME and SHY have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CME has higher volatility (9.30%) compared to SHY (0.41%). In terms of maximum drawdown, CME dropped -77.50% vs SHY's -5.71%.
SHY currently has the higher Sharpe Ratio (2.16 vs -0.32), 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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