SHAG vs. WINC
Compare and contrast key facts about WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG) and Western Asset Short Duration Income ETF (WINC).
SHAG and WINC 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. WINC is an actively managed fund by Franklin Templeton. It was launched on Feb 7, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHAG or WINC.
Key characteristics
| SHAG | WINC | |
|---|---|---|
| YTD Return | 3.78% | 4.71% |
| 1Y Return | 6.65% | 8.16% |
| 3Y Return (Ann) | 0.38% | 0.96% |
| 5Y Return (Ann) | 1.18% | 2.18% |
| Sharpe Ratio | 2.77 | 3.52 |
| Sortino Ratio | 4.48 | 6.00 |
| Omega Ratio | 1.57 | 1.81 |
| Calmar Ratio | 1.09 | 1.48 |
| Martin Ratio | 14.60 | 28.18 |
| Ulcer Index | 0.44% | 0.29% |
| Daily Std Dev | 2.31% | 2.32% |
| Max Drawdown | -9.62% | -17.36% |
| Current Drawdown | -0.98% | -0.58% |
Correlation
The correlation between SHAG and WINC is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SHAG vs. WINC - Performance Comparison
In the year-to-date period, SHAG achieves a 3.78% return, which is significantly lower than WINC's 4.71% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SHAG vs. WINC - Expense Ratio Comparison
SHAG has a 0.12% expense ratio, which is lower than WINC's 0.29% expense ratio.
Risk-Adjusted Performance
SHAG vs. WINC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG) and Western Asset Short Duration Income ETF (WINC). 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.
Dividends
SHAG vs. WINC - Dividend Comparison
SHAG's dividend yield for the trailing twelve months is around 4.24%, less than WINC's 4.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund | 4.24% | 3.04% | 1.38% | 0.92% | 2.34% | 2.71% | 2.56% | 1.26% |
WINC Western Asset Short Duration Income ETF | 4.80% | 4.35% | 2.49% | 1.96% | 3.90% | 3.72% | 0.00% | 0.00% |
Drawdowns
SHAG vs. WINC - Drawdown Comparison
The maximum SHAG drawdown since its inception was -9.62%, smaller than the maximum WINC drawdown of -17.36%. Use the drawdown chart below to compare losses from any high point for SHAG and WINC. For additional features, visit the drawdowns tool.
Volatility
SHAG vs. WINC - Volatility Comparison
WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG) and Western Asset Short Duration Income ETF (WINC) have volatilities of 0.64% and 0.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.