SHAG vs. FLTR
SHAG (WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF) and FLTR (VanEck IG Floating Rate ETF) are both exchange-traded funds - SHAG is a Short-Term Bond fund tracking the Bloomberg U.S. Short Aggregate Enhanced Yield Index, while FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index. Both are passively managed. Over the past 5 years, SHAG returned 1.64%/yr vs 4.55%/yr for FLTR. At a 0.04 correlation, their price movements are largely independent. SHAG charges 0.12%/yr vs 0.14%/yr for FLTR.
Performance
SHAG vs. FLTR - Performance Comparison
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Returns By Period
In the year-to-date period, SHAG achieves a 0.46% return, which is significantly lower than FLTR's 2.19% return.
SHAG
- 1D
- 0.08%
- 1M
- 0.27%
- YTD
- 0.46%
- 6M
- 0.66%
- 1Y
- 3.42%
- 3Y*
- 4.76%
- 5Y*
- 1.64%
- 10Y*
- —
FLTR
- 1D
- 0.08%
- 1M
- 0.38%
- YTD
- 2.19%
- 6M
- 2.36%
- 1Y
- 5.25%
- 3Y*
- 6.16%
- 5Y*
- 4.55%
- 10Y*
- 3.49%
SHAG vs. FLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 0.46% | 6.27% | 4.30% | 4.61% | -6.37% | -0.91% | 4.70% | 5.79% | 0.80% | -0.23% |
FLTR VanEck IG Floating Rate ETF | 2.19% | 5.22% | 7.38% | 7.41% | 0.74% | 0.55% | 1.44% | 5.70% | 0.30% | 0.93% |
Correlation
The correlation between SHAG and FLTR is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2017 | 0.04 |
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Return for Risk
SHAG vs. FLTR — Risk / Return Rank
SHAG
FLTR
SHAG vs. FLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) and VanEck IG Floating Rate ETF (FLTR). 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.
| SHAG | FLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.70 | ||
| Sortino ratioReturn per unit of downside risk | -9.31 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 3.03 | -1.68 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 16.82 | -14.33 |
| Martin ratioReturn relative to average drawdown | 8.41 | 98.58 | -90.17 |
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Drawdowns
SHAG vs. FLTR - Drawdown Comparison
The maximum SHAG drawdown since its inception was -9.62%, smaller than the maximum FLTR drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for SHAG and FLTR.
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Drawdown Indicators
| SHAG | FLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.62% | -17.84% | +8.22% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -0.31% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | -1.93% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -9.62% | -3.06% | -6.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.84% | — |
Current DrawdownCurrent decline from peak | -0.56% | -0.00% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -0.67% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.05% | +0.36% |
Volatility
SHAG vs. FLTR - Volatility Comparison
WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) has a higher volatility of 0.62% compared to VanEck IG Floating Rate ETF (FLTR) at 0.29%. This indicates that SHAG's price experiences larger fluctuations and is considered to be riskier than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHAG | FLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.29% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 1.40% | 0.66% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.86% | 0.80% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 2.13% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 5.00% | -2.42% |
SHAG vs. FLTR - Expense Ratio Comparison
SHAG has a 0.12% expense ratio, which is lower than FLTR's 0.14% 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
SHAG vs. FLTR - Dividend Comparison
SHAG's dividend yield for the trailing twelve months is around 4.28%, less than FLTR's 4.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTR VanEck IG Floating Rate ETF | 4.72% | 4.97% | 5.93% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% |
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 4.28% | 4.33% | 4.49% | 3.04% | 1.38% | 0.92% | 2.33% | 2.71% | 2.56% | 0.77% | 0.00% | 0.00% |
Frequently Asked Questions
SHAG and FLTR have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHAG has higher volatility (0.62%) compared to FLTR (0.29%). In terms of maximum drawdown, SHAG dropped -9.62% vs FLTR's -17.84%.
On 5-year performance, FLTR leads with 4.55% vs 1.64% for SHAG. On fees, SHAG is cheaper at 0.12% per year. On volatility, FLTR has been the lower-risk option at 0.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLTR has performed better with a 4.55% return vs 1.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHAG is cheaper with a 0.12% expense ratio, compared with 0.14% for FLTR.
FLTR has the higher dividend yield at 4.72%, compared with 4.28% for SHAG.
SHAG is categorized as Short-Term Bond, while FLTR is Corporate Bonds. SHAG tracks Bloomberg U.S. Short Aggregate Enhanced Yield Index, while FLTR tracks MVIS US Investment Grade Floating Rate Index. They also come from different issuers: WisdomTree and VanEck. Their fees differ too: 0.12% for SHAG and 0.14% for FLTR.
FLTR currently has the higher Sharpe Ratio (6.56 vs 1.85), 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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