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HYDB vs. SHYG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HYDB and SHYG is 0.65, 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.


-0.50.00.51.0
Correlation: 0.7

Performance

HYDB vs. SHYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares High Yield Bond Factor ETF (HYDB) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG). The values are adjusted to include any dividend payments, if applicable.

35.00%40.00%45.00%50.00%NovemberDecember2025FebruaryMarchApril
47.38%
38.44%
HYDB
SHYG

Key characteristics

Sharpe Ratio

HYDB:

1.30

SHYG:

1.53

Sortino Ratio

HYDB:

1.83

SHYG:

2.25

Omega Ratio

HYDB:

1.28

SHYG:

1.35

Calmar Ratio

HYDB:

1.41

SHYG:

1.78

Martin Ratio

HYDB:

7.27

SHYG:

9.92

Ulcer Index

HYDB:

1.08%

SHYG:

0.81%

Daily Std Dev

HYDB:

6.06%

SHYG:

5.27%

Max Drawdown

HYDB:

-21.58%

SHYG:

-19.26%

Current Drawdown

HYDB:

-1.73%

SHYG:

-0.84%

Returns By Period

In the year-to-date period, HYDB achieves a 0.53% return, which is significantly lower than SHYG's 1.31% return.


HYDB

YTD

0.53%

1M

-0.80%

6M

1.33%

1Y

7.95%

5Y*

7.19%

10Y*

N/A

SHYG

YTD

1.31%

1M

0.12%

6M

2.22%

1Y

8.15%

5Y*

6.58%

10Y*

4.26%

*Annualized

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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.


Expense ratio chart for HYDB: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HYDB: 0.35%
Expense ratio chart for SHYG: current value is 0.30%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SHYG: 0.30%

Risk-Adjusted Performance

HYDB vs. SHYG — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYDB
The Risk-Adjusted Performance Rank of HYDB is 8888
Overall Rank
The Sharpe Ratio Rank of HYDB is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of HYDB is 8686
Sortino Ratio Rank
The Omega Ratio Rank of HYDB is 8989
Omega Ratio Rank
The Calmar Ratio Rank of HYDB is 8888
Calmar Ratio Rank
The Martin Ratio Rank of HYDB is 9090
Martin Ratio Rank

SHYG
The Risk-Adjusted Performance Rank of SHYG is 9292
Overall Rank
The Sharpe Ratio Rank of SHYG is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of SHYG is 9191
Sortino Ratio Rank
The Omega Ratio Rank of SHYG is 9292
Omega Ratio Rank
The Calmar Ratio Rank of SHYG is 9292
Calmar Ratio Rank
The Martin Ratio Rank of SHYG is 9393
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HYDB vs. SHYG - Risk-Adjusted Performance 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.


The chart of Sharpe ratio for HYDB, currently valued at 1.30, compared to the broader market-1.000.001.002.003.004.00
HYDB: 1.30
SHYG: 1.53
The chart of Sortino ratio for HYDB, currently valued at 1.83, compared to the broader market-2.000.002.004.006.008.00
HYDB: 1.83
SHYG: 2.25
The chart of Omega ratio for HYDB, currently valued at 1.28, compared to the broader market0.501.001.502.002.50
HYDB: 1.28
SHYG: 1.35
The chart of Calmar ratio for HYDB, currently valued at 1.41, compared to the broader market0.002.004.006.008.0010.0012.00
HYDB: 1.41
SHYG: 1.78
The chart of Martin ratio for HYDB, currently valued at 7.27, compared to the broader market0.0020.0040.0060.00
HYDB: 7.27
SHYG: 9.92

The current HYDB Sharpe Ratio is 1.30, which is comparable to the SHYG Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of HYDB and SHYG, 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 Ratio0.501.001.502.002.503.003.504.00NovemberDecember2025FebruaryMarchApril
1.30
1.53
HYDB
SHYG

Dividends

HYDB vs. SHYG - Dividend Comparison

HYDB's dividend yield for the trailing twelve months is around 7.03%, which matches SHYG's 7.10% yield.


TTM20242023202220212020201920182017201620152014
HYDB
iShares High Yield Bond Factor ETF
7.03%6.95%7.00%6.30%4.70%5.81%5.68%6.16%2.70%0.00%0.00%0.00%
SHYG
iShares 0-5 Year High Yield Corporate Bond ETF
7.10%6.93%6.54%5.57%4.83%5.07%5.33%5.90%5.49%5.53%5.17%4.33%

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. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.73%
-0.84%
HYDB
SHYG

Volatility

HYDB vs. SHYG - Volatility Comparison

iShares High Yield Bond Factor ETF (HYDB) has a higher volatility of 4.59% compared to iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) at 4.17%. 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.


1.00%2.00%3.00%4.00%5.00%NovemberDecember2025FebruaryMarchApril
4.59%
4.17%
HYDB
SHYG