SHAG vs. MSTI
Compare and contrast key facts about WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) and Madison Short-Term Strategic Income ETF (MSTI).
SHAG and MSTI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHAG is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Short Aggregate Enhanced Yield Index. It was launched on May 18, 2017. MSTI is an actively managed fund by Madison. It was launched on Sep 5, 2023.
Performance
SHAG vs. MSTI - Performance Comparison
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SHAG vs. MSTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 0.14% | 6.27% | 4.30% | 3.15% |
MSTI Madison Short-Term Strategic Income ETF | 0.25% | 6.33% | 4.84% | 4.14% |
Returns By Period
In the year-to-date period, SHAG achieves a 0.14% return, which is significantly lower than MSTI's 0.25% return.
SHAG
- 1D
- 0.18%
- 1M
- -0.87%
- YTD
- 0.14%
- 6M
- 1.33%
- 1Y
- 4.37%
- 3Y*
- 4.55%
- 5Y*
- 1.64%
- 10Y*
- —
MSTI
- 1D
- 0.34%
- 1M
- -0.68%
- YTD
- 0.25%
- 6M
- 1.49%
- 1Y
- 4.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SHAG vs. MSTI - Expense Ratio Comparison
SHAG has a 0.12% expense ratio, which is lower than MSTI's 0.40% expense ratio.
Return for Risk
SHAG vs. MSTI — Risk / Return Rank
SHAG
MSTI
SHAG vs. MSTI - 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 Madison Short-Term Strategic Income ETF (MSTI). 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 | MSTI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 1.73 | +0.26 |
Sortino ratioReturn per unit of downside risk | 3.06 | 2.56 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.34 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 3.23 | 3.65 | -0.42 |
Martin ratioReturn relative to average drawdown | 12.81 | 14.37 | -1.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHAG | MSTI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.73 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 2.24 | -1.41 |
Correlation
The correlation between SHAG and MSTI is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SHAG vs. MSTI - Dividend Comparison
SHAG's dividend yield for the trailing twelve months is around 4.35%, less than MSTI's 5.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 4.35% | 4.33% | 4.49% | 3.04% | 1.38% | 0.92% | 2.33% | 2.71% | 2.56% | 0.77% |
MSTI Madison Short-Term Strategic Income ETF | 5.32% | 5.40% | 5.48% | 1.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SHAG vs. MSTI - Drawdown Comparison
The maximum SHAG drawdown since its inception was -9.62%, which is greater than MSTI's maximum drawdown of -1.48%. Use the drawdown chart below to compare losses from any high point for SHAG and MSTI.
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Drawdown Indicators
| SHAG | MSTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.62% | -1.48% | -8.14% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -1.32% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -9.62% | — | — |
Current DrawdownCurrent decline from peak | -0.87% | -0.69% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -1.90% | -0.29% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 0.33% | +0.02% |
Volatility
SHAG vs. MSTI - Volatility Comparison
The current volatility for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) is 0.84%, while Madison Short-Term Strategic Income ETF (MSTI) has a volatility of 0.92%. This indicates that SHAG experiences smaller price fluctuations and is considered to be less risky than MSTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHAG | MSTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 0.92% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 1.75% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.21% | 2.76% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 2.73% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.59% | 2.73% | -0.14% |