IYE vs. SHAG
IYE (iShares U.S. Energy ETF) and SHAG (WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF) are both exchange-traded funds - IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas Index, while SHAG is a Short-Term Bond fund tracking the Bloomberg U.S. Short Aggregate Enhanced Yield Index. Both are passively managed. Over the past 5 years, IYE returned 17.89%/yr vs 1.62%/yr for SHAG. At a correlation of -0.10, they often move in opposite directions. IYE charges 0.42%/yr vs 0.12%/yr for SHAG.
Performance
IYE vs. SHAG - Performance Comparison
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Returns By Period
In the year-to-date period, IYE achieves a 22.27% return, which is significantly higher than SHAG's 0.38% return.
IYE
- 1D
- 1.34%
- 1M
- -8.19%
- YTD
- 22.27%
- 6M
- 23.44%
- 1Y
- 25.82%
- 3Y*
- 15.13%
- 5Y*
- 17.89%
- 10Y*
- 8.12%
SHAG
- 1D
- -0.09%
- 1M
- 0.19%
- YTD
- 0.38%
- 6M
- 0.52%
- 1Y
- 3.48%
- 3Y*
- 4.73%
- 5Y*
- 1.62%
- 10Y*
- —
IYE vs. SHAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 22.27% | 7.33% | 6.06% | -2.21% | 60.21% | 53.42% | -33.49% | 10.03% | -19.37% | 17.90% |
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 0.38% | 6.27% | 4.30% | 4.61% | -6.37% | -0.91% | 4.70% | 5.79% | 0.80% | -0.23% |
Correlation
The correlation between IYE and SHAG is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2017 | -0.10 |
The correlation between IYE and SHAG shifts across timeframes, from -0.26 (1 year) to -0.08 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IYE vs. SHAG — Risk / Return Rank
IYE
SHAG
IYE vs. SHAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Energy ETF (IYE) and WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG). 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.
| IYE | SHAG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.36 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.54 | -0.66 |
| Martin ratioReturn relative to average drawdown | 5.73 | 8.61 | -2.87 |
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Drawdowns
IYE vs. SHAG - Drawdown Comparison
The maximum IYE drawdown since its inception was -73.74%, which is greater than SHAG's maximum drawdown of -9.62%. Use the drawdown chart below to compare losses from any high point for IYE and SHAG.
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Drawdown Indicators
| IYE | SHAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.74% | -9.62% | -64.12% |
Max Drawdown (1Y)Largest decline over 1 year | -13.81% | -1.38% | -12.43% |
Max Drawdown (3Y)Largest decline over 3 years | -20.37% | -1.38% | -18.99% |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | -9.62% | -15.99% |
Max Drawdown (10Y)Largest decline over 10 years | -68.59% | — | — |
Current DrawdownCurrent decline from peak | -12.65% | -0.64% | -12.01% |
Average DrawdownAverage peak-to-trough decline | -19.34% | -1.87% | -17.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 0.41% | +4.14% |
Volatility
IYE vs. SHAG - Volatility Comparison
iShares U.S. Energy ETF (IYE) has a higher volatility of 6.89% compared to WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) at 0.62%. This indicates that IYE's price experiences larger fluctuations and is considered to be riskier than SHAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYE | SHAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.89% | 0.62% | +6.27% |
Volatility (6M)Calculated over the trailing 6-month period | 16.48% | 1.40% | +15.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.43% | 1.86% | +18.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.66% | 2.76% | +22.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.55% | 2.58% | +26.97% |
IYE vs. SHAG - Expense Ratio Comparison
IYE has a 0.42% expense ratio, which is higher than SHAG's 0.12% expense ratio.
Dividends
IYE vs. SHAG - Dividend Comparison
IYE's dividend yield for the trailing twelve months is around 2.33%, less than SHAG's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 2.33% | 2.85% | 2.75% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.16% | 2.66% | 2.11% | 3.39% |
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 4.28% | 4.33% | 4.49% | 3.04% | 1.38% | 0.92% | 2.33% | 2.71% | 2.56% | 0.77% | 0.00% | 0.00% |
Frequently Asked Questions
IYE and SHAG have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYE has higher volatility (6.89%) compared to SHAG (0.62%). In terms of maximum drawdown, IYE dropped -73.74% vs SHAG's -9.62%.
On 5-year performance, IYE leads with 17.89% vs 1.62% for SHAG. On fees, SHAG is cheaper at 0.12% per year. On volatility, SHAG has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IYE has performed better with a 17.89% return vs 1.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHAG is cheaper with a 0.12% expense ratio, compared with 0.42% for IYE.
SHAG has the higher dividend yield at 4.28%, compared with 2.33% for IYE.
IYE is categorized as Energy Equities, while SHAG is Short-Term Bond. IYE tracks Dow Jones U.S. Oil & Gas Index, while SHAG tracks Bloomberg U.S. Short Aggregate Enhanced Yield Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.42% for IYE and 0.12% for SHAG.
SHAG currently has the higher Sharpe Ratio (1.88 vs 1.27), 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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