IBHG vs. SHYL
IBHG (iShares iBonds 2027 Term High Yield and Income ETF) and SHYL (Xtrackers Short Duration High Yield Bond ETF) are both High Yield Bonds funds - IBHG tracks the Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross while SHYL tracks the Solactive USD High Yield Corporates Total Market 0-5 Year Index. Both are passively managed. Over the past 3 years, IBHG returned 7.63%/yr vs 8.46%/yr for SHYL. Their correlation of 0.84 suggests significant overlap in exposure. IBHG charges 0.35%/yr vs 0.20%/yr for SHYL.
Performance
IBHG vs. SHYL - Performance Comparison
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Returns By Period
In the year-to-date period, IBHG achieves a 1.17% return, which is significantly lower than SHYL's 1.44% return.
IBHG
- 1D
- 0.00%
- 1M
- 0.03%
- YTD
- 1.17%
- 6M
- 1.43%
- 1Y
- 4.55%
- 3Y*
- 7.63%
- 5Y*
- —
- 10Y*
- —
SHYL
- 1D
- -0.10%
- 1M
- 0.45%
- YTD
- 1.44%
- 6M
- 1.62%
- 1Y
- 5.69%
- 3Y*
- 8.46%
- 5Y*
- 4.88%
- 10Y*
- —
IBHG vs. SHYL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 1.17% | 6.90% | 7.42% | 11.27% | -8.88% | 0.93% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 1.44% | 7.78% | 8.52% | 11.39% | -5.21% | 0.95% |
Correlation
The correlation between IBHG and SHYL is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2021 | 0.84 |
The correlation between IBHG and SHYL shifts across timeframes, from 0.72 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBHG vs. SHYL — Risk / Return Rank
IBHG
SHYL
IBHG vs. SHYL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2027 Term High Yield and Income ETF (IBHG) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBHG | SHYL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.36 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 6.29 | 3.59 | +2.71 |
| Martin ratioReturn relative to average drawdown | 22.89 | 14.05 | +8.84 |
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Drawdowns
IBHG vs. SHYL - Drawdown Comparison
The maximum IBHG drawdown since its inception was -13.85%, smaller than the maximum SHYL drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for IBHG and SHYL.
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Drawdown Indicators
| IBHG | SHYL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.85% | -19.26% | +5.41% |
Max Drawdown (1Y)Largest decline over 1 year | -0.73% | -1.59% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | -4.73% | +1.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.60% | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.10% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -1.53% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.41% | -0.21% |
Volatility
IBHG vs. SHYL - Volatility Comparison
The current volatility for iShares iBonds 2027 Term High Yield and Income ETF (IBHG) is 0.44%, while Xtrackers Short Duration High Yield Bond ETF (SHYL) has a volatility of 0.73%. This indicates that IBHG experiences smaller price fluctuations and is considered to be less risky than SHYL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBHG | SHYL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 0.73% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 2.51% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.09% | 3.22% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 5.84% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.33% | 6.68% | -0.35% |
IBHG vs. SHYL - Expense Ratio Comparison
IBHG has a 0.35% expense ratio, which is higher than SHYL's 0.20% expense ratio.
Dividends
IBHG vs. SHYL - Dividend Comparison
IBHG's dividend yield for the trailing twelve months is around 6.07%, less than SHYL's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.07% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% | 0.00% | 0.00% | 0.00% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 6.92% | 7.02% | 7.26% | 6.60% | 5.52% | 4.65% | 6.16% | 5.93% | 5.54% |
Frequently Asked Questions
IBHG and SHYL have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHYL has higher volatility (0.73%) compared to IBHG (0.44%). In terms of maximum drawdown, IBHG dropped -13.85% vs SHYL's -19.26%.
On 3-year performance, SHYL leads with 8.46% vs 7.63% for IBHG. On fees, SHYL is cheaper at 0.20% per year. On volatility, IBHG has been the lower-risk option at 0.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SHYL has performed better with a 8.46% return vs 7.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHYL is cheaper with a 0.20% expense ratio, compared with 0.35% for IBHG.
SHYL has the higher dividend yield at 6.92%, compared with 6.07% for IBHG.
IBHG tracks Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross, while SHYL tracks Solactive USD High Yield Corporates Total Market 0-5 Year Index. They also come from different issuers: iShares and Deutsche Bank. Their fees differ too: 0.35% for IBHG and 0.20% for SHYL.
IBHG currently has the higher Sharpe Ratio (2.19 vs 1.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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