PARR vs. SHY
PARR (Par Pacific Holdings, Inc.) is a stock, while SHY (iShares 1-3 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Over the past 10 years, PARR returned 18.12%/yr vs 1.66%/yr for SHY. Their -0.09 correlation means they have often moved in opposite directions in the past.
Performance
PARR vs. SHY - Performance Comparison
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Returns By Period
In the year-to-date period, PARR achieves a 135.83% return, which is significantly higher than SHY's 0.78% return. Over the past 10 years, PARR has outperformed SHY with an annualized return of 18.12%, while SHY has yielded a comparatively lower 1.66% annualized return.
PARR
- 1D
- -3.67%
- 1M
- 41.68%
- 6M
- 119.64%
- YTD
- 135.83%
- 1Y
- 176.42%
- 3Y*
- 37.00%
- 5Y*
- 41.81%
- 10Y*
- 18.12%
- ALL TIME*
- 42.52%
SHY
- 1D
- 0.03%
- 1M
- 0.10%
- 6M
- 0.63%
- YTD
- 0.78%
- 1Y
- 2.55%
- 3Y*
- 4.10%
- 5Y*
- 1.78%
- 10Y*
- 1.66%
- ALL TIME*
- 1.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $83.20M | $74.92M | $65.56M | |
| $273.64M | $272.98M | $274.34M |
PARR vs. SHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PARR Par Pacific Holdings, Inc. | 135.83% | 114.40% | -54.94% | 56.43% | 40.99% | 17.95% | -39.85% | 63.89% | -26.45% | 32.60% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.78% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 3.03% | 3.38% | 1.46% | 0.26% |
Correlation
The correlation between PARR and SHY is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (3Y) Balances recent behavior with more history. | -0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2012 | -0.09 |
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Return for Risk
PARR vs. SHY — Risk / Return Rank
PARR
SHY
PARR vs. SHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Par Pacific Holdings, Inc. (PARR) and iShares 1-3 Year Treasury Bond ETF (SHY). 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.
| PARR | SHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.38 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 6.64 | 2.88 | +3.76 |
| Martin ratioReturn relative to average drawdown | 14.71 | 11.26 | +3.45 |
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Drawdowns
PARR vs. SHY - Drawdown Comparison
The maximum PARR drawdown since its inception was -78.51%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for PARR and SHY.
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Drawdown Indicators
| PARR | SHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.51% | -5.71% | -72.80% |
Max Drawdown (1Y)Largest decline over 1 year | -26.73% | -0.89% | -25.84% |
Max Drawdown (3Y)Largest decline over 3 years | -69.71% | -0.97% | -68.74% |
Max Drawdown (5Y)Largest decline over 5 years | -69.71% | -5.65% | -64.06% |
Max Drawdown (10Y)Largest decline over 10 years | -76.37% | -5.71% | -70.66% |
Current DrawdownCurrent decline from peak | -3.67% | 0.00% | -3.67% |
Average DrawdownAverage peak-to-trough decline | -30.76% | -0.52% | -30.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.05% | 0.23% | +11.82% |
Volatility
PARR vs. SHY - Volatility Comparison
Par Pacific Holdings, Inc. (PARR) has a higher volatility of 16.32% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.36%. This indicates that PARR's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PARR | SHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.32% | 0.36% | +15.96% |
Volatility (6M)Calculated over the trailing 6-month period | 41.22% | 1.07% | +40.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.51% | 1.29% | +55.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.41% | 2.00% | +48.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.36% | 1.58% | +50.78% |
Dividends
PARR vs. SHY - Dividend Comparison
PARR has not paid dividends to shareholders, while SHY's dividend yield for the trailing twelve months is around 3.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARR Par Pacific Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.64% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
Frequently Asked Questions
PARR and SHY have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PARR has higher volatility (16.32%) compared to SHY (0.36%). In terms of maximum drawdown, PARR dropped -78.51% vs SHY's -5.71%.
PARR currently has the higher Sharpe Ratio (3.15 vs 1.99), 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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