PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
HYBB vs. SHYL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HYBB and SHYL is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.9

Performance

HYBB vs. SHYL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares BB Rated Corporate Bond ETF (HYBB) and Xtrackers Short Duration High Yield Bond ETF (SHYL). The values are adjusted to include any dividend payments, if applicable.

10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
14.29%
24.96%
HYBB
SHYL

Key characteristics

Sharpe Ratio

HYBB:

1.55

SHYL:

2.43

Sortino Ratio

HYBB:

2.18

SHYL:

3.58

Omega Ratio

HYBB:

1.28

SHYL:

1.46

Calmar Ratio

HYBB:

3.08

SHYL:

4.81

Martin Ratio

HYBB:

10.92

SHYL:

18.64

Ulcer Index

HYBB:

0.60%

SHYL:

0.46%

Daily Std Dev

HYBB:

4.21%

SHYL:

3.55%

Max Drawdown

HYBB:

-15.27%

SHYL:

-19.26%

Current Drawdown

HYBB:

-1.23%

SHYL:

-0.84%

Returns By Period

In the year-to-date period, HYBB achieves a 6.38% return, which is significantly lower than SHYL's 8.24% return.


HYBB

YTD

6.38%

1M

-0.21%

6M

3.37%

1Y

6.17%

5Y*

N/A

10Y*

N/A

SHYL

YTD

8.24%

1M

-0.21%

6M

5.48%

1Y

8.32%

5Y*

4.44%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


HYBB vs. SHYL - Expense Ratio Comparison

HYBB has a 0.25% expense ratio, which is higher than SHYL's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


HYBB
iShares BB Rated Corporate Bond ETF
Expense ratio chart for HYBB: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%
Expense ratio chart for SHYL: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

HYBB vs. SHYL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares BB Rated Corporate Bond ETF (HYBB) and Xtrackers Short Duration High Yield Bond ETF (SHYL). 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.


Sharpe ratio
The chart of Sharpe ratio for HYBB, currently valued at 1.55, compared to the broader market0.002.004.001.552.43
The chart of Sortino ratio for HYBB, currently valued at 2.18, compared to the broader market-2.000.002.004.006.008.0010.002.183.58
The chart of Omega ratio for HYBB, currently valued at 1.28, compared to the broader market0.501.001.502.002.503.001.281.46
The chart of Calmar ratio for HYBB, currently valued at 3.08, compared to the broader market0.005.0010.0015.003.084.81
The chart of Martin ratio for HYBB, currently valued at 10.92, compared to the broader market0.0020.0040.0060.0080.00100.0010.9218.64
HYBB
SHYL

The current HYBB Sharpe Ratio is 1.55, which is lower than the SHYL Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of HYBB and SHYL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.003.504.00JulyAugustSeptemberOctoberNovemberDecember
1.55
2.43
HYBB
SHYL

Dividends

HYBB vs. SHYL - Dividend Comparison

HYBB's dividend yield for the trailing twelve months is around 6.21%, less than SHYL's 6.59% yield.


TTM202320222021202020192018
HYBB
iShares BB Rated Corporate Bond ETF
6.21%6.28%5.05%4.18%0.76%0.00%0.00%
SHYL
Xtrackers Short Duration High Yield Bond ETF
6.59%6.60%5.52%4.66%6.16%5.93%5.54%

Drawdowns

HYBB vs. SHYL - Drawdown Comparison

The maximum HYBB drawdown since its inception was -15.27%, smaller than the maximum SHYL drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for HYBB and SHYL. For additional features, visit the drawdowns tool.


-2.00%-1.50%-1.00%-0.50%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.23%
-0.84%
HYBB
SHYL

Volatility

HYBB vs. SHYL - Volatility Comparison

iShares BB Rated Corporate Bond ETF (HYBB) has a higher volatility of 1.45% compared to Xtrackers Short Duration High Yield Bond ETF (SHYL) at 1.21%. This indicates that HYBB's price experiences larger fluctuations and is considered to be riskier than SHYL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.60%0.80%1.00%1.20%1.40%JulyAugustSeptemberOctoberNovemberDecember
1.45%
1.21%
HYBB
SHYL
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab