SHY vs. ETH-USD
SHY (iShares 1-3 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE US Treasury 1-3 Year Index, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, SHY returned 1.63%/yr vs 61.34%/yr for ETH-USD. At a 0.01 correlation, their price movements are largely independent.
Performance
SHY vs. ETH-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SHY achieves a 0.34% return, which is significantly higher than ETH-USD's -43.98% return. Over the past 10 years, SHY has underperformed ETH-USD with an annualized return of 1.63%, while ETH-USD has yielded a comparatively higher 61.34% annualized return.
SHY
- 1D
- 0.05%
- 1M
- -0.19%
- YTD
- 0.34%
- 6M
- 0.74%
- 1Y
- 3.33%
- 3Y*
- 4.04%
- 5Y*
- 1.70%
- 10Y*
- 1.63%
ETH-USD
- 1D
- -1.64%
- 1M
- -28.55%
- YTD
- -43.98%
- 6M
- -46.81%
- 1Y
- -33.81%
- 3Y*
- -3.34%
- 5Y*
- -8.64%
- 10Y*
- 61.34%
SHY vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHY iShares 1-3 Year Treasury Bond ETF | 0.34% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 3.03% | 3.38% | 1.46% | 0.26% |
ETH-USD Ethereum | -43.98% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
Correlation
The correlation between SHY and ETH-USD is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SHY vs. ETH-USD — Risk / Return Rank
SHY
ETH-USD
SHY vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-3 Year Treasury Bond ETF (SHY) and Ethereum (ETH-USD). 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.
| SHY | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.01 | ||
| Sortino ratioReturn per unit of downside risk | +4.49 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 0.96 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | -0.50 | +4.26 |
| Martin ratioReturn relative to average drawdown | 15.12 | -0.88 | +16.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SHY | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | -0.50 | +3.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | -0.12 | +0.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.04 | 0.65 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.75 | +0.53 |
Drawdowns
SHY vs. ETH-USD - Drawdown Comparison
The maximum SHY drawdown since its inception was -5.71%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for SHY and ETH-USD.
Loading charts...
Drawdown Indicators
| SHY | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.71% | -94.01% | +88.30% |
Max Drawdown (1Y)Largest decline over 1 year | -0.89% | -67.53% | +66.64% |
Max Drawdown (3Y)Largest decline over 3 years | -0.97% | -67.53% | +66.56% |
Max Drawdown (5Y)Largest decline over 5 years | -5.71% | -79.35% | +73.64% |
Max Drawdown (10Y)Largest decline over 10 years | -5.71% | -94.01% | +88.30% |
Current DrawdownCurrent decline from peak | -0.39% | -65.60% | +65.21% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -50.89% | +50.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 44.58% | -44.36% |
Volatility
SHY vs. ETH-USD - Volatility Comparison
The current volatility for iShares 1-3 Year Treasury Bond ETF (SHY) is 0.38%, while Ethereum (ETH-USD) has a volatility of 16.88%. This indicates that SHY experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SHY | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 16.88% | -16.50% |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | 46.80% | -45.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.33% | 56.55% | -55.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.99% | 59.65% | -57.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.57% | 78.04% | -76.47% |
Frequently Asked Questions
SHY and ETH-USD have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (16.88%) compared to SHY (0.38%). In terms of maximum drawdown, SHY dropped -5.71% vs ETH-USD's -94.01%.
SHY currently has the higher Sharpe Ratio (2.51 vs -0.50), 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.
Find the right allocation for SHY and ETH-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer