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SHY vs. SHV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SHY and SHV is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.3

Performance

SHY vs. SHV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 1-3 Year Treasury Bond ETF (SHY) and iShares Short Treasury Bond ETF (SHV). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%JulyAugustSeptemberOctoberNovemberDecember
3.23%
2.59%
SHY
SHV

Key characteristics

Sharpe Ratio

SHY:

2.60

SHV:

19.33

Sortino Ratio

SHY:

4.10

SHV:

131.12

Omega Ratio

SHY:

1.54

SHV:

52.33

Calmar Ratio

SHY:

2.90

SHV:

192.58

Martin Ratio

SHY:

11.97

SHV:

1,935.66

Ulcer Index

SHY:

0.40%

SHV:

0.00%

Daily Std Dev

SHY:

1.84%

SHV:

0.27%

Max Drawdown

SHY:

-5.71%

SHV:

-0.46%

Current Drawdown

SHY:

-0.28%

SHV:

0.00%

Returns By Period

In the year-to-date period, SHY achieves a 3.88% return, which is significantly lower than SHV's 4.83% return. Over the past 10 years, SHY has underperformed SHV with an annualized return of 1.25%, while SHV has yielded a comparatively higher 1.66% annualized return.


SHY

YTD

3.88%

1M

0.52%

6M

3.25%

1Y

4.92%

5Y (annualized)

1.30%

10Y (annualized)

1.25%

SHV

YTD

4.83%

1M

0.34%

6M

2.61%

1Y

5.20%

5Y (annualized)

2.31%

10Y (annualized)

1.66%

Compare stocks, funds, or ETFs

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SHY vs. SHV - Expense Ratio Comparison

Both SHY and SHV have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


SHY
iShares 1-3 Year Treasury Bond ETF
Expense ratio chart for SHY: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%
Expense ratio chart for SHV: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Risk-Adjusted Performance

SHY vs. SHV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 1-3 Year Treasury Bond ETF (SHY) and iShares Short Treasury Bond ETF (SHV). 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.


Sharpe ratio
The chart of Sharpe ratio for SHY, currently valued at 2.60, compared to the broader market0.002.004.006.002.6019.33
The chart of Sortino ratio for SHY, currently valued at 4.10, compared to the broader market-2.000.002.004.006.008.0010.0012.004.10131.12
The chart of Omega ratio for SHY, currently valued at 1.54, compared to the broader market0.501.001.502.002.503.001.5452.33
The chart of Calmar ratio for SHY, currently valued at 2.90, compared to the broader market0.005.0010.0015.002.90192.58
The chart of Martin ratio for SHY, currently valued at 11.97, compared to the broader market0.0020.0040.0060.0080.00100.00120.0011.971,935.66
SHY
SHV

The current SHY Sharpe Ratio is 2.60, which is lower than the SHV Sharpe Ratio of 19.33. The chart below compares the historical Sharpe Ratios of SHY and SHV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.005.0010.0015.0020.00JulyAugustSeptemberOctoberNovemberDecember
2.60
19.33
SHY
SHV

Dividends

SHY vs. SHV - Dividend Comparison

SHY's dividend yield for the trailing twelve months is around 3.88%, less than SHV's 5.09% yield.


TTM20232022202120202019201820172016201520142013
SHY
iShares 1-3 Year Treasury Bond ETF
3.88%2.99%1.30%0.26%0.94%2.12%1.72%0.98%0.72%0.54%0.36%0.26%
SHV
iShares Short Treasury Bond ETF
5.09%4.73%1.39%0.00%0.74%2.19%1.66%0.72%0.34%0.03%0.00%0.00%

Drawdowns

SHY vs. SHV - Drawdown Comparison

The maximum SHY drawdown since its inception was -5.71%, which is greater than SHV's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for SHY and SHV. For additional features, visit the drawdowns tool.


-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.28%
0
SHY
SHV

Volatility

SHY vs. SHV - Volatility Comparison

iShares 1-3 Year Treasury Bond ETF (SHY) has a higher volatility of 0.43% compared to iShares Short Treasury Bond ETF (SHV) at 0.07%. This indicates that SHY's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.20%0.40%0.60%0.80%JulyAugustSeptemberOctoberNovemberDecember
0.43%
0.07%
SHY
SHV
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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