GLW vs. SHY
GLW (Corning Incorporated) 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, GLW returned 32.17%/yr vs 1.63%/yr for SHY. At a correlation of -0.15, they often move in opposite directions.
Performance
GLW vs. SHY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GLW achieves a 193.01% return, which is significantly higher than SHY's 0.67% return. Over the past 10 years, GLW has outperformed SHY with an annualized return of 32.17%, while SHY has yielded a comparatively lower 1.63% annualized return.
GLW
- 1D
- 15.67%
- 1M
- 41.14%
- YTD
- 193.01%
- 6M
- 188.27%
- 1Y
- 398.81%
- 3Y*
- 98.50%
- 5Y*
- 48.05%
- 10Y*
- 32.17%
SHY
- 1D
- -0.02%
- 1M
- 0.14%
- YTD
- 0.67%
- 6M
- 0.66%
- 1Y
- 2.93%
- 3Y*
- 4.24%
- 5Y*
- 1.80%
- 10Y*
- 1.63%
GLW vs. SHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLW Corning Incorporated | 193.01% | 87.76% | 60.64% | -1.23% | -11.56% | 5.92% | 27.57% | -1.02% | -3.28% | 34.63% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.67% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 3.03% | 3.38% | 1.46% | 0.26% |
Correlation
The correlation between GLW and SHY is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | -0.15 |
The correlation between GLW and SHY shifts across timeframes, from -0.15 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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
GLW vs. SHY — Risk / Return Rank
GLW
SHY
GLW vs. SHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Corning Incorporated (GLW) 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.
| GLW | SHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 1.43 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 17.47 | 3.31 | +14.16 |
| Martin ratioReturn relative to average drawdown | 54.15 | 12.87 | +41.29 |
Loading charts...
Drawdowns
GLW vs. SHY - Drawdown Comparison
The maximum GLW drawdown since its inception was -99.02%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for GLW and SHY.
Loading charts...
Drawdown Indicators
| GLW | SHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.02% | -5.71% | -93.31% |
Max Drawdown (1Y)Largest decline over 1 year | -23.01% | -0.89% | -22.12% |
Max Drawdown (3Y)Largest decline over 3 years | -27.57% | -0.97% | -26.60% |
Max Drawdown (5Y)Largest decline over 5 years | -34.52% | -5.71% | -28.81% |
Max Drawdown (10Y)Largest decline over 10 years | -48.80% | -5.71% | -43.09% |
Current DrawdownCurrent decline from peak | 0.00% | -0.06% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -50.46% | -0.52% | -49.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.41% | 0.23% | +7.18% |
Volatility
GLW vs. SHY - Volatility Comparison
Corning Incorporated (GLW) has a higher volatility of 32.35% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.51%. This indicates that GLW'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.
Loading charts...
Volatility by Period
| GLW | SHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.35% | 0.51% | +31.84% |
Volatility (6M)Calculated over the trailing 6-month period | 55.46% | 1.02% | +54.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.85% | 1.37% | +60.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.62% | 1.99% | +35.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.81% | 1.57% | +33.24% |
Dividends
GLW vs. SHY - Dividend Comparison
GLW's dividend yield for the trailing twelve months is around 0.44%, less than SHY's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLW Corning Incorporated | 0.44% | 1.28% | 2.36% | 3.68% | 3.38% | 2.58% | 2.44% | 2.75% | 2.38% | 1.94% | 2.22% | 2.63% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.68% | 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
GLW and SHY have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLW has higher volatility (32.35%) compared to SHY (0.51%). In terms of maximum drawdown, GLW dropped -99.02% vs SHY's -5.71%.
GLW currently has the higher Sharpe Ratio (6.51 vs 2.15), 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.
Find the right allocation for GLW and SHY
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