SHAG vs. ISDB

Last updated Jun 5, 2026

SHAG (WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF) and ISDB (Invesco Short Duration Bond ETF) are both Short-Term Bond funds. SHAG is passively managed, while ISDB is actively managed. Over the past 3 years, SHAG returned 4.72%/yr vs 5.60%/yr for ISDB. Their correlation of 0.82 suggests significant overlap in exposure. SHAG charges 0.12%/yr vs 0.36%/yr for ISDB.

Performance

SHAG vs. ISDB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) and Invesco Short Duration Bond ETF (ISDB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHAG achieves a 0.48% return, which is significantly lower than ISDB's 1.00% return.

SHAG

• 1D: 0.07%
• 1M: 0.03%
• YTD: 0.48%
• 6M: 0.81%
• 1Y: 3.73%
• 3Y*: 4.72%
• 5Y*: 1.61%
• 10Y*: —

ISDB

• 1D: -0.04%
• 1M: 0.26%
• YTD: 1.00%
• 6M: 1.49%
• 1Y: 4.82%
• 3Y*: 5.60%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SHAG vs. ISDB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF	0.48%	6.27%	4.30%	4.61%	-0.28%
ISDB Invesco Short Duration Bond ETF	1.00%	6.23%	5.35%	5.17%	0.01%

Correlation

The correlation between SHAG and ISDB is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022	0.82

The correlation between SHAG and ISDB shifts across timeframes, from 0.72 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SHAG vs. ISDB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHAG

SHAG Risk / Return Rank: 63
SHAG Sharpe Ratio Rank: 63
SHAG Sortino Ratio Rank: 72
SHAG Omega Ratio Rank: 67
SHAG Calmar Ratio Rank: 55
SHAG Martin Ratio Rank: 56

ISDB

ISDB Risk / Return Rank: 91
ISDB Sharpe Ratio Rank: 94
ISDB Sortino Ratio Rank: 96
ISDB Omega Ratio Rank: 96
ISDB Calmar Ratio Rank: 82
ISDB Martin Ratio Rank: 89

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.

SHAG vs. ISDB - 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 Invesco Short Duration Bond ETF (ISDB). 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.

	SHAG	ISDB	Difference
Sharpe ratio: Return per unit of total volatility	2.05	3.49	-1.43
Sortino ratio: Return per unit of downside risk	3.21	5.47	-2.26
Omega ratio: Gain probability vs. loss probability	1.40	1.81	-0.41
Calmar ratio: Return relative to maximum drawdown	2.72	4.31	-1.59
Martin ratio: Return relative to average drawdown	9.70	19.92	-10.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHAG vs. ISDB - Sharpe Ratio Comparison

The current SHAG Sharpe Ratio is 2.05, which is lower than the ISDB Sharpe Ratio of 3.49. The chart below compares the historical Sharpe Ratios of SHAG and ISDB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SHAG	ISDB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	3.49	-1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	2.77	-1.93

Drawdowns

SHAG vs. ISDB - Drawdown Comparison

The maximum SHAG drawdown since its inception was -9.62%, which is greater than ISDB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for SHAG and ISDB.

Drawdown Indicators

	SHAG	ISDB	Difference
Max Drawdown Largest peak-to-trough decline	-9.62%	-1.83%	-7.79%
Max Drawdown (1Y) Largest decline over 1 year	-1.38%	-1.12%	-0.26%
Max Drawdown (3Y) Largest decline over 3 years	-1.38%	-1.12%	-0.26%
Max Drawdown (5Y) Largest decline over 5 years	-9.62%	—	—
Current Drawdown Current decline from peak	-0.54%	-0.15%	-0.39%
Average Drawdown Average peak-to-trough decline	-1.87%	-0.25%	-1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.39%	0.24%	+0.15%

Volatility

SHAG vs. ISDB - Volatility Comparison

WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) has a higher volatility of 0.60% compared to Invesco Short Duration Bond ETF (ISDB) at 0.37%. This indicates that SHAG's price experiences larger fluctuations and is considered to be riskier than ISDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHAG	ISDB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.60%	0.37%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	1.31%	1.09%	+0.22%
Volatility (1Y) Calculated over the trailing 1-year period	1.84%	1.39%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.75%	1.85%	+0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.58%	1.85%	+0.73%

SHAG vs. ISDB - Expense Ratio Comparison

SHAG has a 0.12% expense ratio, which is lower than ISDB's 0.36% expense ratio.

Dividends

SHAG vs. ISDB - Dividend Comparison

SHAG's dividend yield for the trailing twelve months is around 4.28%, less than ISDB's 4.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ISDB Invesco Short Duration Bond ETF	4.59%	4.89%	5.50%	5.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both SHAG and ISDB in my portfolio?

SHAG and ISDB have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHAG or ISDB?

SHAG has higher volatility (0.60%) compared to ISDB (0.37%). In terms of maximum drawdown, SHAG dropped -9.62% vs ISDB's -1.83%.

Which ETF is better, SHAG or ISDB?

On 3-year performance, ISDB leads with 5.60% vs 4.72% for SHAG. On fees, SHAG is cheaper at 0.12% per year. On volatility, ISDB has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHAG or ISDB?

Over the 3-year period, ISDB has performed better with a 5.60% return vs 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHAG or ISDB?

SHAG is cheaper with a 0.12% expense ratio, compared with 0.36% for ISDB.

Which ETF pays a higher dividend yield, SHAG or ISDB?

ISDB has the higher dividend yield at 4.59%, compared with 4.28% for SHAG.

What is the main difference between SHAG and ISDB?

They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.12% for SHAG and 0.36% for ISDB.

Which has better risk-adjusted returns?

ISDB currently has the higher Sharpe Ratio (3.49 vs 2.05), 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.