RATE vs. SHV
Compare and contrast key facts about Global X Interest Rate Hedge ETF (RATE) and iShares Short Treasury Bond ETF (SHV).
RATE and SHV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RATE is an actively managed fund by Global X. It was launched on Jul 5, 2022. SHV is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Short Treasury Bond Index. It was launched on Jan 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RATE or SHV.
Key characteristics
| RATE | SHV | |
|---|---|---|
| YTD Return | 8.05% | 4.47% |
| 1Y Return | -9.90% | 5.33% |
| Sharpe Ratio | -0.28 | 19.77 |
| Sortino Ratio | -0.24 | 137.75 |
| Omega Ratio | 0.97 | 58.66 |
| Calmar Ratio | -0.25 | 196.81 |
| Martin Ratio | -0.52 | 2,023.66 |
| Ulcer Index | 13.63% | 0.00% |
| Daily Std Dev | 25.69% | 0.27% |
| Max Drawdown | -28.48% | -0.46% |
| Current Drawdown | -18.02% | 0.00% |
Correlation
The correlation between RATE and SHV is -0.26. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
RATE vs. SHV - Performance Comparison
In the year-to-date period, RATE achieves a 8.05% return, which is significantly higher than SHV's 4.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RATE vs. SHV - Expense Ratio Comparison
RATE has a 0.50% expense ratio, which is higher than SHV's 0.15% expense ratio.
Risk-Adjusted Performance
RATE vs. SHV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Interest Rate Hedge ETF (RATE) and iShares Short Treasury Bond ETF (SHV). 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.
Dividends
RATE vs. SHV - Dividend Comparison
RATE's dividend yield for the trailing twelve months is around 30.40%, more than SHV's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RATE Global X Interest Rate Hedge ETF | 30.40% | 35.06% | 15.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHV iShares Short Treasury Bond ETF | 5.15% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% | 0.00% | 0.00% |
Drawdowns
RATE vs. SHV - Drawdown Comparison
The maximum RATE drawdown since its inception was -28.48%, which is greater than SHV's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for RATE and SHV. For additional features, visit the drawdowns tool.
Volatility
RATE vs. SHV - Volatility Comparison
Global X Interest Rate Hedge ETF (RATE) has a higher volatility of 9.37% compared to iShares Short Treasury Bond ETF (SHV) at 0.08%. This indicates that RATE's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.