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SDZNY vs. SHY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SDZNY vs. SHY

Last updated Jun 4, 2026

SDZNY (Sandoz Group AG) 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 year, SDZNY returned 57.45% vs 3.32% for SHY. At a 0.14 correlation, their price movements are largely independent.

Performance

SDZNY vs. SHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sandoz Group AG (SDZNY) and iShares 1-3 Year Treasury Bond ETF (SHY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SDZNY achieves a 10.60% return, which is significantly higher than SHY's 0.43% return.

SDZNY

1D
-0.31%
1M
-0.61%
YTD
10.60%
6M
12.26%
1Y
57.45%
3Y*
—
5Y*
—
10Y*
—

SHY

1D
-0.05%
1M
0.08%
YTD
0.43%
6M
0.69%
1Y
3.32%
3Y*
4.03%
5Y*
1.71%
10Y*
1.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SDZNY vs. SHY - Yearly Performance Comparison

2026 (YTD)202520242023
SDZNY
Sandoz Group AG		10.60%83.00%28.40%20.70%
SHY
iShares 1-3 Year Treasury Bond ETF		0.43%4.95%3.92%2.46%

Correlation

The correlation between SDZNY and SHY is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.23

Correlation (All Time)
Calculated using the full available price history since Oct 5, 2023

0.14

Compare stocks, funds, or ETFs

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Sandoz Group AG

iShares 1-3 Year Treasury Bond ETF

Often compared with SDZNY:
SDZNY vs. HLNSDZNY vs. VOOSDZNY vs. ZEAL.COSDZNY vs. TKA.DESDZNY vs. BRK-BSDZNY vs. AMG.DESDZNY vs. SOXQ
Often compared with SHY:
SHY vs. SGOVSHY vs. VGSHSHY vs. SHVSHY vs. TLTSHY vs. IEFSHY vs. BILSHY vs. BSV

Return for Risk

SDZNY vs. SHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SDZNY
SDZNY Risk / Return Rank: 8484
Overall Rank
SDZNY Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
SDZNY Sortino Ratio Rank: 8585
Sortino Ratio Rank
SDZNY Omega Ratio Rank: 8282
Omega Ratio Rank
SDZNY Calmar Ratio Rank: 8282
Calmar Ratio Rank
SDZNY Martin Ratio Rank: 8484
Martin Ratio Rank
SHY
SHY Risk / Return Rank: 7979
Overall Rank
SHY Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
SHY Sortino Ratio Rank: 8888
Sortino Ratio Rank
SHY Omega Ratio Rank: 8282
Omega Ratio Rank
SHY Calmar Ratio Rank: 7373
Calmar Ratio Rank
SHY Martin Ratio Rank: 7777
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SDZNY vs. SHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sandoz Group AG (SDZNY) 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.

SDZNYSHYDifference
Sharpe ratioReturn per unit of total volatility
1.82
2.49

-0.66

Sortino ratioReturn per unit of downside risk
2.69
4.10

-1.41

Omega ratioGain probability vs. loss probability

1.33

1.51

-0.18

Calmar ratioReturn relative to maximum drawdown

3.02

3.75

-0.72

Martin ratioReturn relative to average drawdown

8.33

15.21

-6.88

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDZNY vs. SHY - Sharpe Ratio Comparison

The current SDZNY Sharpe Ratio is 1.82, which is comparable to the SHY Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of SDZNY and SHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SDZNYSHYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.82

2.49

-0.66

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.87

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.06

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.76

1.28

+0.47

Drawdowns

SDZNY vs. SHY - Drawdown Comparison

The maximum SDZNY drawdown since its inception was -25.34%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for SDZNY and SHY.

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Drawdown Indicators

SDZNYSHYDifference

Max Drawdown

Largest peak-to-trough decline

-25.34%

-5.71%

-19.63%

Max Drawdown (1Y)

Largest decline over 1 year

-19.09%

-0.89%

-18.20%

Max Drawdown (3Y)

Largest decline over 3 years

—

-0.97%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-5.71%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-5.71%

—

Current Drawdown

Current decline from peak

-13.78%

-0.31%

-13.47%

Average Drawdown

Average peak-to-trough decline

-5.75%

-0.52%

-5.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.92%

0.22%

+6.70%

Volatility

SDZNY vs. SHY - Volatility Comparison

Sandoz Group AG (SDZNY) has a higher volatility of 9.45% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.35%. This indicates that SDZNY'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

SDZNYSHYDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.45%

0.35%

+9.10%

Volatility (6M)

Calculated over the trailing 6-month period

23.48%

0.92%

+22.56%

Volatility (1Y)

Calculated over the trailing 1-year period

31.67%

1.34%

+30.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.79%

1.98%

+28.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.79%

1.57%

+29.22%

Dividends

SDZNY vs. SHY - Dividend Comparison

SDZNY's dividend yield for the trailing twelve months is around 1.29%, less than SHY's 3.68% yield.

PositionTTM20252024202320222021202020192018201720162015
SDZNY
Sandoz Group AG		1.29%1.00%1.22%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		3.68%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

SDZNY and SHY have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SDZNY has higher volatility (9.45%) compared to SHY (0.35%). In terms of maximum drawdown, SDZNY dropped -25.34% vs SHY's -5.71%.

SHY currently has the higher Sharpe Ratio (2.49 vs 1.82), 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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