HYDB vs. SHYG
Compare and contrast key facts about iShares High Yield Bond Factor ETF (HYDB) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG).
HYDB and SHYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYDB is a passively managed fund by iShares that tracks the performance of the BlackRock High Yield Defensive Bond Index. It was launched on Jul 11, 2017. 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 HYDB 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.
Performance
HYDB vs. SHYG - Performance Comparison
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HYDB vs. SHYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYDB iShares High Yield Bond Factor ETF | -0.40% | 8.10% | 9.11% | 14.02% | -9.99% | 5.14% | 7.39% | 16.13% | -3.18% | 3.38% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | -0.02% | 7.94% | 8.17% | 10.38% | -4.71% | 4.60% | 3.15% | 9.93% | 0.02% | 1.38% |
Returns By Period
In the year-to-date period, HYDB achieves a -0.40% return, which is significantly lower than SHYG's -0.02% return.
HYDB
- 1D
- 0.24%
- 1M
- -1.25%
- YTD
- -0.40%
- 6M
- 0.62%
- 1Y
- 6.18%
- 3Y*
- 8.91%
- 5Y*
- 4.56%
- 10Y*
- —
SHYG
- 1D
- 0.15%
- 1M
- -0.32%
- YTD
- -0.02%
- 6M
- 1.12%
- 1Y
- 6.67%
- 3Y*
- 7.72%
- 5Y*
- 4.76%
- 10Y*
- 5.36%
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HYDB vs. SHYG - Expense Ratio Comparison
HYDB has a 0.35% expense ratio, which is higher than SHYG's 0.30% expense ratio.
Return for Risk
HYDB vs. SHYG — Risk / Return Rank
HYDB
SHYG
HYDB vs. SHYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Bond Factor ETF (HYDB) 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.
| HYDB | SHYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 1.29 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.93 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.82 | -0.52 |
Martin ratioReturn relative to average drawdown | 6.28 | 10.29 | -4.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYDB | SHYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 1.29 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.84 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.71 | -0.02 |
Correlation
The correlation between HYDB and SHYG is 0.86, 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.
Dividends
HYDB vs. SHYG - Dividend Comparison
HYDB's dividend yield for the trailing twelve months is around 7.20%, more than SHYG's 7.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYDB iShares High Yield Bond Factor ETF | 7.20% | 7.04% | 6.95% | 7.00% | 6.30% | 4.70% | 5.81% | 5.68% | 6.16% | 2.70% | 0.00% | 0.00% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 7.09% | 7.03% | 6.93% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% |
Drawdowns
HYDB vs. SHYG - Drawdown Comparison
The maximum HYDB drawdown since its inception was -21.58%, which is greater than SHYG's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for HYDB and SHYG.
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Drawdown Indicators
| HYDB | SHYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.58% | -19.26% | -2.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -3.77% | -1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -14.28% | -9.39% | -4.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.26% | — |
Current DrawdownCurrent decline from peak | -1.56% | -0.62% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -1.46% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.67% | +0.33% |
Volatility
HYDB vs. SHYG - Volatility Comparison
iShares High Yield Bond Factor ETF (HYDB) has a higher volatility of 2.23% compared to iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) at 1.96%. This indicates that HYDB'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.
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Volatility by Period
| HYDB | SHYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 1.96% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 2.46% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 5.20% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.02% | 5.71% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 6.43% | +1.39% |