SHAG vs. GVI
SHAG (WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF) and GVI (iShares Intermediate Government/Credit Bond ETF) are both Short-Term Bond funds - SHAG tracks the Bloomberg U.S. Short Aggregate Enhanced Yield Index while GVI tracks the Bloomberg U.S. Intermediate Government/Credit Bond. Both are passively managed. Over the past 5 years, SHAG returned 1.62%/yr vs 1.00%/yr for GVI. A 0.80 correlation means they provide meaningful diversification when combined. SHAG charges 0.12%/yr vs 0.20%/yr for GVI.
Performance
SHAG vs. GVI - Performance Comparison
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Returns By Period
In the year-to-date period, SHAG achieves a 0.38% return, which is significantly higher than GVI's -0.03% return.
SHAG
- 1D
- -0.09%
- 1M
- 0.19%
- YTD
- 0.38%
- 6M
- 0.52%
- 1Y
- 3.48%
- 3Y*
- 4.73%
- 5Y*
- 1.62%
- 10Y*
- —
GVI
- 1D
- -0.17%
- 1M
- 0.17%
- YTD
- -0.03%
- 6M
- 0.10%
- 1Y
- 3.33%
- 3Y*
- 4.28%
- 5Y*
- 1.00%
- 10Y*
- 1.73%
SHAG vs. GVI - 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 | 0.38% | 6.27% | 4.30% | 4.61% | -6.37% | -0.91% | 4.70% | 5.79% | 0.80% | -0.23% |
GVI iShares Intermediate Government/Credit Bond ETF | -0.03% | 6.66% | 2.92% | 5.15% | -8.28% | -1.90% | 6.38% | 6.54% | 0.77% | -0.65% |
Correlation
The correlation between SHAG and GVI is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2017 | 0.80 |
The correlation between SHAG and GVI shifts across timeframes, from 0.80 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SHAG vs. GVI — Risk / Return Rank
SHAG
GVI
SHAG vs. GVI - 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 iShares Intermediate Government/Credit Bond ETF (GVI). 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 | GVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.24 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 1.86 | +0.67 |
| Martin ratioReturn relative to average drawdown | 8.61 | 5.23 | +3.37 |
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Drawdowns
SHAG vs. GVI - Drawdown Comparison
The maximum SHAG drawdown since its inception was -9.62%, smaller than the maximum GVI drawdown of -12.93%. Use the drawdown chart below to compare losses from any high point for SHAG and GVI.
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Drawdown Indicators
| SHAG | GVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.62% | -12.93% | +3.31% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -1.79% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | -2.65% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -9.62% | -12.93% | +3.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.93% | — |
Current DrawdownCurrent decline from peak | -0.64% | -1.20% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -1.86% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.64% | -0.23% |
Volatility
SHAG vs. GVI - Volatility Comparison
The current volatility for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) is 0.62%, while iShares Intermediate Government/Credit Bond ETF (GVI) has a volatility of 0.78%. This indicates that SHAG experiences smaller price fluctuations and is considered to be less risky than GVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHAG | GVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.78% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.40% | 1.87% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.86% | 2.49% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 3.97% | -1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 3.53% | -0.95% |
SHAG vs. GVI - Expense Ratio Comparison
SHAG has a 0.12% expense ratio, which is lower than GVI'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
SHAG vs. GVI - Dividend Comparison
SHAG's dividend yield for the trailing twelve months is around 4.28%, more than GVI's 3.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GVI iShares Intermediate Government/Credit Bond ETF | 3.62% | 3.48% | 3.40% | 2.75% | 1.86% | 1.46% | 1.84% | 2.29% | 2.16% | 1.91% | 1.77% | 1.75% |
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
With a correlation of 0.93, SHAG and GVI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GVI has higher volatility (0.78%) compared to SHAG (0.62%). In terms of maximum drawdown, SHAG dropped -9.62% vs GVI's -12.93%.
On 5-year performance, SHAG leads with 1.62% vs 1.00% for GVI. On fees, SHAG is cheaper at 0.12% per year. On volatility, SHAG has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SHAG has performed better with a 1.62% return vs 1.00%. 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 0.20% for GVI.
SHAG has the higher dividend yield at 4.28%, compared with 3.62% for GVI.
SHAG tracks Bloomberg U.S. Short Aggregate Enhanced Yield Index, while GVI tracks Bloomberg U.S. Intermediate Government/Credit Bond. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.12% for SHAG and 0.20% for GVI.
SHAG currently has the higher Sharpe Ratio (1.88 vs 1.34), 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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