GHYG vs. SHYG
Compare and contrast key facts about iShares US & Intl High Yield Corp Bond ETF (GHYG) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG).
GHYG and SHYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx Global Developed Markets High Yield Index. It was launched on Apr 3, 2012. SHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid High Yield 0-5 Index. It was launched on Oct 15, 2013. Both GHYG and SHYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GHYG or SHYG.
Key characteristics
| GHYG | SHYG | |
|---|---|---|
| YTD Return | 6.98% | 8.49% |
| 1Y Return | 14.73% | 13.13% |
| 3Y Return (Ann) | 1.99% | 4.56% |
| 5Y Return (Ann) | 3.38% | 4.56% |
| 10Y Return (Ann) | 3.58% | 4.28% |
| Sharpe Ratio | 2.60 | 3.49 |
| Sortino Ratio | 3.92 | 5.59 |
| Omega Ratio | 1.50 | 1.71 |
| Calmar Ratio | 1.68 | 7.25 |
| Martin Ratio | 16.37 | 30.80 |
| Ulcer Index | 0.86% | 0.41% |
| Daily Std Dev | 5.44% | 3.60% |
| Max Drawdown | -27.36% | -19.27% |
| Current Drawdown | -0.71% | 0.00% |
Correlation
The correlation between GHYG and SHYG is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GHYG vs. SHYG - Performance Comparison
In the year-to-date period, GHYG achieves a 6.98% return, which is significantly lower than SHYG's 8.49% return. Over the past 10 years, GHYG has underperformed SHYG with an annualized return of 3.58%, while SHYG has yielded a comparatively higher 4.28% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GHYG vs. SHYG - Expense Ratio Comparison
GHYG has a 0.40% expense ratio, which is higher than SHYG's 0.30% expense ratio.
Risk-Adjusted Performance
GHYG vs. SHYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US & Intl High Yield Corp Bond ETF (GHYG) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG). 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.
Dividends
GHYG vs. SHYG - Dividend Comparison
GHYG's dividend yield for the trailing twelve months is around 5.79%, less than SHYG's 6.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHYG iShares US & Intl High Yield Corp Bond ETF | 5.79% | 5.61% | 4.64% | 4.57% | 4.36% | 4.61% | 5.62% | 4.60% | 4.61% | 4.78% | 5.73% | 5.52% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 6.72% | 6.54% | 5.57% | 4.84% | 5.07% | 5.32% | 5.90% | 5.49% | 5.53% | 5.17% | 4.33% | 0.85% |
Drawdowns
GHYG vs. SHYG - Drawdown Comparison
The maximum GHYG drawdown since its inception was -27.36%, which is greater than SHYG's maximum drawdown of -19.27%. Use the drawdown chart below to compare losses from any high point for GHYG and SHYG. For additional features, visit the drawdowns tool.
Volatility
GHYG vs. SHYG - Volatility Comparison
iShares US & Intl High Yield Corp Bond ETF (GHYG) has a higher volatility of 1.24% compared to iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) at 0.83%. This indicates that GHYG's price experiences larger fluctuations and is considered to be riskier than SHYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.