SHY vs. FUND
SHY (iShares 1-3 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE US Treasury 1-3 Year Index, while FUND (Sprott Focus Trust, Inc.) is a stock. Over the past 10 years, SHY returned 1.65%/yr vs 13.14%/yr for FUND. At a correlation of -0.14, they often move in opposite directions.
Performance
SHY vs. FUND - Performance Comparison
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Returns By Period
In the year-to-date period, SHY achieves a 0.55% return, which is significantly lower than FUND's 19.89% return. Over the past 10 years, SHY has underperformed FUND with an annualized return of 1.65%, while FUND has yielded a comparatively higher 13.14% annualized return.
SHY
- 1D
- -0.02%
- 1M
- 0.19%
- YTD
- 0.55%
- 6M
- 0.80%
- 1Y
- 3.29%
- 3Y*
- 4.15%
- 5Y*
- 1.74%
- 10Y*
- 1.65%
FUND
- 1D
- 0.52%
- 1M
- -0.93%
- YTD
- 19.89%
- 6M
- 21.14%
- 1Y
- 45.55%
- 3Y*
- 16.40%
- 5Y*
- 10.39%
- 10Y*
- 13.14%
SHY vs. FUND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHY iShares 1-3 Year Treasury Bond ETF | 0.55% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 3.03% | 3.38% | 1.46% | 0.26% |
FUND Sprott Focus Trust, Inc. | 19.89% | 27.57% | -1.08% | 6.94% | -1.16% | 36.20% | 2.44% | 36.27% | -19.56% | 22.23% |
Correlation
The correlation between SHY and FUND is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | -0.14 |
The correlation between SHY and FUND shifts across timeframes, from -0.14 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SHY vs. FUND — Risk / Return Rank
SHY
FUND
SHY vs. FUND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-3 Year Treasury Bond ETF (SHY) and Sprott Focus Trust, Inc. (FUND). 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.
| SHY | FUND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.48 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 4.41 | -0.78 |
| Martin ratioReturn relative to average drawdown | 14.45 | 20.19 | -5.74 |
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Drawdowns
SHY vs. FUND - Drawdown Comparison
The maximum SHY drawdown since its inception was -5.71%, smaller than the maximum FUND drawdown of -65.37%. Use the drawdown chart below to compare losses from any high point for SHY and FUND.
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Drawdown Indicators
| SHY | FUND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.71% | -65.37% | +59.66% |
Max Drawdown (1Y)Largest decline over 1 year | -0.89% | -10.32% | +9.43% |
Max Drawdown (3Y)Largest decline over 3 years | -0.97% | -18.25% | +17.28% |
Max Drawdown (5Y)Largest decline over 5 years | -5.71% | -24.67% | +18.96% |
Max Drawdown (10Y)Largest decline over 10 years | -5.71% | -43.32% | +37.61% |
Current DrawdownCurrent decline from peak | -0.18% | -1.93% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -12.33% | +11.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 2.25% | -2.03% |
Volatility
SHY vs. FUND - Volatility Comparison
The current volatility for iShares 1-3 Year Treasury Bond ETF (SHY) is 0.40%, while Sprott Focus Trust, Inc. (FUND) has a volatility of 6.58%. This indicates that SHY experiences smaller price fluctuations and is considered to be less risky than FUND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHY | FUND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 6.58% | -6.18% |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | 12.66% | -11.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.33% | 15.82% | -14.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.99% | 18.77% | -16.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.57% | 19.74% | -18.17% |
Dividends
SHY vs. FUND - Dividend Comparison
SHY's dividend yield for the trailing twelve months is around 3.68%, less than FUND's 7.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUND Sprott Focus Trust, Inc. | 5.87% | 6.65% | 8.27% | 6.22% | 6.72% | 8.79% | 7.93% | 6.30% | 11.92% | 6.59% | 5.76% | 7.59% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.68% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
Frequently Asked Questions
SHY and FUND have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUND has higher volatility (6.58%) compared to SHY (0.40%). In terms of maximum drawdown, SHY dropped -5.71% vs FUND's -65.37%.
FUND currently has the higher Sharpe Ratio (2.88 vs 2.43), 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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