HYGI vs. SHYL

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Inflation Hedged High Yield Bond ETF (HYGI) and Xtrackers Short Duration High Yield Bond ETF (SHYL).

HYGI and SHYL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYGI is a passively managed fund by iShares that tracks the performance of the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. It was launched on Jun 22, 2022. SHYL is a passively managed fund by Deutsche Bank that tracks the performance of the Solactive USD High Yield Corporates Total Market 0-5 Year Index. It was launched on Jan 10, 2018. Both HYGI and SHYL 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

HYGI vs. SHYL - Performance Comparison

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

HYGI vs. SHYL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HYGI iShares Inflation Hedged High Yield Bond ETF	0.00%	6.20%	9.16%	11.71%	0.65%
SHYL Xtrackers Short Duration High Yield Bond ETF	0.01%	7.78%	8.52%	11.39%	2.58%

Returns By Period

HYGI

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHYL

• 1D: 0.23%
• 1M: -0.22%
• YTD: 0.01%
• 6M: 1.24%
• 1Y: 6.73%
• 3Y*: 8.03%
• 5Y*: 4.87%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYGI vs. SHYL - Expense Ratio Comparison

HYGI has a 0.52% expense ratio, which is higher than SHYL's 0.20% expense ratio.

HYGI

iShares Inflation Hedged High Yield Bond ETF

SHYL

Xtrackers Short Duration High Yield Bond ETF

Return for Risk

HYGI vs. SHYL — Risk / Return Rank

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

SHYL

SHYL Risk / Return Rank: 75
SHYL Sharpe Ratio Rank: 69
SHYL Sortino Ratio Rank: 72
SHYL Omega Ratio Rank: 82
SHYL Calmar Ratio Rank: 68
SHYL Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYGI vs. SHYL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged High Yield Bond ETF (HYGI) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HYGI	SHYL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.27	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.71	—

Correlation

The correlation between HYGI and SHYL is 0.85, 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

HYGI vs. SHYL - Dividend Comparison

HYGI's dividend yield for the trailing twelve months is around 2.46%, less than SHYL's 7.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HYGI iShares Inflation Hedged High Yield Bond ETF	2.46%	3.41%	6.08%	6.22%	3.19%	0.00%	0.00%	0.00%	0.00%
SHYL Xtrackers Short Duration High Yield Bond ETF	7.03%	7.02%	7.26%	6.60%	5.52%	4.65%	6.16%	5.93%	5.54%

Drawdowns

Drawdown Indicators

	HYGI	SHYL	Difference
Max Drawdown Largest peak-to-trough decline	—	-19.26%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.80%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.60%	—
Current Drawdown Current decline from peak	—	-0.49%	—
Average Drawdown Average peak-to-trough decline	—	-1.57%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.66%	—

Volatility

Volatility by Period

	HYGI	SHYL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	5.32%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	5.81%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	6.74%	—