SBR vs. SHY
SBR (Sabine Royalty Trust) 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, SBR returned 16.56%/yr vs 1.66%/yr for SHY. At a correlation of -0.06, they often move in opposite directions.
Performance
SBR vs. SHY - Performance Comparison
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Returns By Period
In the year-to-date period, SBR achieves a 11.10% return, which is significantly higher than SHY's 0.76% return. Over the past 10 years, SBR has outperformed SHY with an annualized return of 16.56%, while SHY has yielded a comparatively lower 1.66% annualized return.
SBR
- 1D
- -0.80%
- 1M
- 3.24%
- 6M
- 11.38%
- YTD
- 11.10%
- 1Y
- 19.96%
- 3Y*
- 13.39%
- 5Y*
- 24.35%
- 10Y*
- 16.56%
SHY
- 1D
- 0.00%
- 1M
- 0.14%
- 6M
- 0.77%
- YTD
- 0.76%
- 1Y
- 3.07%
- 3Y*
- 4.13%
- 5Y*
- 1.80%
- 10Y*
- 1.66%
SBR vs. SHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBR Sabine Royalty Trust | 11.10% | 14.04% | 4.06% | -13.10% | 132.08% | 60.71% | -24.24% | 15.77% | -9.61% | 34.83% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.76% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 3.03% | 3.38% | 1.46% | 0.26% |
Correlation
The correlation between SBR and SHY is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | -0.06 |
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Return for Risk
SBR vs. SHY — Risk / Return Rank
SBR
SHY
SBR vs. SHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sabine Royalty Trust (SBR) 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.
| SBR | SHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.45 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 3.47 | -2.39 |
| Martin ratioReturn relative to average drawdown | 2.22 | 13.62 | -11.40 |
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Drawdowns
SBR vs. SHY - Drawdown Comparison
The maximum SBR drawdown since its inception was -56.40%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for SBR and SHY.
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Drawdown Indicators
| SBR | SHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.40% | -5.71% | -50.69% |
Max Drawdown (1Y)Largest decline over 1 year | -18.54% | -0.89% | -17.65% |
Max Drawdown (3Y)Largest decline over 3 years | -18.54% | -0.97% | -17.57% |
Max Drawdown (5Y)Largest decline over 5 years | -34.56% | -5.71% | -28.85% |
Max Drawdown (10Y)Largest decline over 10 years | -50.71% | -5.71% | -45.00% |
Current DrawdownCurrent decline from peak | -6.03% | 0.00% | -6.03% |
Average DrawdownAverage peak-to-trough decline | -13.62% | -0.52% | -13.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.01% | 0.23% | +8.78% |
Volatility
SBR vs. SHY - Volatility Comparison
Sabine Royalty Trust (SBR) has a higher volatility of 4.37% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.52%. This indicates that SBR'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
| SBR | SHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 0.52% | +3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 15.41% | 1.06% | +14.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.42% | 1.39% | +23.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.77% | 2.00% | +29.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.21% | 1.57% | +29.64% |
Dividends
SBR vs. SHY - Dividend Comparison
SBR's dividend yield for the trailing twelve months is around 6.66%, more than SHY's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBR Sabine Royalty Trust | 6.66% | 7.53% | 8.41% | 9.41% | 10.13% | 7.72% | 8.59% | 7.49% | 8.98% | 5.31% | 5.50% | 11.82% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.65% | 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
SBR and SHY have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBR has higher volatility (4.37%) compared to SHY (0.52%). In terms of maximum drawdown, SBR dropped -56.40% vs SHY's -5.71%.
SHY currently has the higher Sharpe Ratio (2.23 vs 0.82), 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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