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HYBB vs. SHYL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


HYBBSHYL
YTD Return7.08%8.63%
1Y Return13.01%14.05%
3Y Return (Ann)1.96%4.73%
Sharpe Ratio2.733.55
Sortino Ratio4.185.76
Omega Ratio1.531.73
Calmar Ratio1.957.53
Martin Ratio22.1930.73
Ulcer Index0.55%0.44%
Daily Std Dev4.51%3.80%
Max Drawdown-15.27%-19.26%
Current Drawdown-0.16%0.00%

Correlation

-0.50.00.51.00.9

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.

Performance

HYBB vs. SHYL - Performance Comparison

In the year-to-date period, HYBB achieves a 7.08% return, which is significantly lower than SHYL's 8.63% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
5.36%
7.05%
HYBB
SHYL

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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.


HYBB
Sharpe ratio
The chart of Sharpe ratio for HYBB, currently valued at 2.73, compared to the broader market-2.000.002.004.002.73
Sortino ratio
The chart of Sortino ratio for HYBB, currently valued at 4.18, compared to the broader market0.005.0010.004.18
Omega ratio
The chart of Omega ratio for HYBB, currently valued at 1.53, compared to the broader market1.001.502.002.503.001.53
Calmar ratio
The chart of Calmar ratio for HYBB, currently valued at 1.95, compared to the broader market0.005.0010.0015.001.95
Martin ratio
The chart of Martin ratio for HYBB, currently valued at 22.19, compared to the broader market0.0020.0040.0060.0080.00100.0022.19
SHYL
Sharpe ratio
The chart of Sharpe ratio for SHYL, currently valued at 3.55, compared to the broader market-2.000.002.004.003.55
Sortino ratio
The chart of Sortino ratio for SHYL, currently valued at 5.76, compared to the broader market0.005.0010.005.76
Omega ratio
The chart of Omega ratio for SHYL, currently valued at 1.73, compared to the broader market1.001.502.002.503.001.73
Calmar ratio
The chart of Calmar ratio for SHYL, currently valued at 7.53, compared to the broader market0.005.0010.0015.007.53
Martin ratio
The chart of Martin ratio for SHYL, currently valued at 30.73, compared to the broader market0.0020.0040.0060.0080.00100.0030.73

HYBB vs. SHYL - Sharpe Ratio Comparison

The current HYBB Sharpe Ratio is 2.73, which is comparable to the SHYL Sharpe Ratio of 3.55. 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 Ratio1.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
2.73
3.55
HYBB
SHYL

Dividends

HYBB vs. SHYL - Dividend Comparison

HYBB's dividend yield for the trailing twelve months is around 6.11%, less than SHYL's 7.15% yield.


TTM202320222021202020192018
HYBB
iShares BB Rated Corporate Bond ETF
6.11%6.28%5.05%4.18%0.76%0.00%0.00%
SHYL
Xtrackers Short Duration High Yield Bond ETF
7.15%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.


-1.40%-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.16%
0
HYBB
SHYL

Volatility

HYBB vs. SHYL - Volatility Comparison

iShares BB Rated Corporate Bond ETF (HYBB) has a higher volatility of 1.03% compared to Xtrackers Short Duration High Yield Bond ETF (SHYL) at 0.75%. 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%JuneJulyAugustSeptemberOctoberNovember
1.03%
0.75%
HYBB
SHYL