QARP vs. SHYL
QARP (Xtrackers Russell 1000 US Quality at a Reasonable Price ETF) and SHYL (Xtrackers Short Duration High Yield Bond ETF) are both exchange-traded funds - QARP is a Large Cap Growth Equities fund tracking the Russell 1000 2Qual/Val 5% Capped Factor Index, while SHYL is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market 0-5 Year Index. Both are passively managed. Over the past 5 years, QARP returned 12.06%/yr vs 4.87%/yr for SHYL. A 0.69 correlation means they provide meaningful diversification when combined. QARP charges 0.19%/yr vs 0.20%/yr for SHYL.
Performance
QARP vs. SHYL - Performance Comparison
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Returns By Period
In the year-to-date period, QARP achieves a 10.34% return, which is significantly higher than SHYL's 1.15% return.
QARP
- 1D
- -0.05%
- 1M
- 2.39%
- YTD
- 10.34%
- 6M
- 10.57%
- 1Y
- 25.02%
- 3Y*
- 18.54%
- 5Y*
- 12.06%
- 10Y*
- —
SHYL
- 1D
- -0.20%
- 1M
- 0.16%
- YTD
- 1.15%
- 6M
- 1.57%
- 1Y
- 6.04%
- 3Y*
- 8.28%
- 5Y*
- 4.87%
- 10Y*
- —
QARP vs. SHYL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF | 10.34% | 13.99% | 18.94% | 23.03% | -14.62% | 31.82% | 14.83% | 30.70% | -5.53% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 1.15% | 7.78% | 8.52% | 11.39% | -5.21% | 4.60% | 3.64% | 10.16% | -0.86% |
Correlation
The correlation between QARP and SHYL is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2018 | 0.69 |
The correlation between QARP and SHYL has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.
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Return for Risk
QARP vs. SHYL — Risk / Return Rank
QARP
SHYL
QARP vs. SHYL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) 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.
| QARP | SHYL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.38 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 3.81 | -0.35 |
| Martin ratioReturn relative to average drawdown | 15.79 | 15.01 | +0.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QARP | SHYL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 1.90 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.84 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.72 | 0.00 |
Drawdowns
QARP vs. SHYL - Drawdown Comparison
The maximum QARP drawdown since its inception was -35.44%, which is greater than SHYL's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for QARP and SHYL.
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Drawdown Indicators
| QARP | SHYL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.44% | -19.26% | -16.18% |
Max Drawdown (1Y)Largest decline over 1 year | -7.26% | -1.59% | -5.67% |
Max Drawdown (3Y)Largest decline over 3 years | -15.65% | -4.73% | -10.92% |
Max Drawdown (5Y)Largest decline over 5 years | -22.75% | -9.60% | -13.15% |
Current DrawdownCurrent decline from peak | -0.98% | -0.23% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -1.54% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 0.40% | +1.19% |
Volatility
QARP vs. SHYL - Volatility Comparison
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) has a higher volatility of 2.21% compared to Xtrackers Short Duration High Yield Bond ETF (SHYL) at 0.85%. This indicates that QARP's price experiences larger fluctuations and is considered to be riskier 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
| QARP | SHYL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 0.85% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.71% | 2.45% | +5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.36% | 3.20% | +7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 5.84% | +9.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 6.69% | +12.96% |
QARP vs. SHYL - Expense Ratio Comparison
QARP has a 0.19% expense ratio, which is lower than SHYL's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
QARP vs. SHYL - Dividend Comparison
QARP's dividend yield for the trailing twelve months is around 1.03%, less than SHYL's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF | 1.03% | 1.14% | 1.39% | 1.28% | 1.68% | 1.34% | 1.61% | 1.85% | 1.39% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 6.94% | 7.02% | 7.26% | 6.60% | 5.52% | 4.65% | 6.16% | 5.93% | 5.54% |
Frequently Asked Questions
QARP and SHYL have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QARP has higher volatility (2.21%) compared to SHYL (0.85%). In terms of maximum drawdown, QARP dropped -35.44% vs SHYL's -19.26%.
On 5-year performance, QARP leads with 12.06% vs 4.87% for SHYL. On fees, QARP is cheaper at 0.19% per year. On volatility, SHYL has been the lower-risk option at 0.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QARP has performed better with a 12.06% return vs 4.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QARP is cheaper with a 0.19% expense ratio, compared with 0.20% for SHYL.
SHYL has the higher dividend yield at 6.94%, compared with 1.03% for QARP.
QARP is categorized as Large Cap Growth Equities, while SHYL is High Yield Bonds. QARP tracks Russell 1000 2Qual/Val 5% Capped Factor Index, while SHYL tracks Solactive USD High Yield Corporates Total Market 0-5 Year Index. Their fees differ too: 0.19% for QARP and 0.20% for SHYL.
QARP currently has the higher Sharpe Ratio (2.43 vs 1.90), 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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