SHY vs. SOXX
SHY (iShares 1-3 Year Treasury Bond ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - SHY is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, SHY returned 1.65%/yr vs 35.79%/yr for SOXX. At a correlation of -0.18, they often move in opposite directions. SHY charges 0.15%/yr vs 0.34%/yr for SOXX.
Performance
SHY vs. SOXX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SHY achieves a 0.43% return, which is significantly lower than SOXX's 104.57% return. Over the past 10 years, SHY has underperformed SOXX with an annualized return of 1.65%, while SOXX has yielded a comparatively higher 35.79% annualized return.
SHY
- 1D
- -0.05%
- 1M
- 0.08%
- YTD
- 0.43%
- 6M
- 0.69%
- 1Y
- 3.32%
- 3Y*
- 4.03%
- 5Y*
- 1.71%
- 10Y*
- 1.65%
SOXX
- 1D
- 1.76%
- 1M
- 33.25%
- YTD
- 104.57%
- 6M
- 99.43%
- 1Y
- 190.05%
- 3Y*
- 57.39%
- 5Y*
- 34.50%
- 10Y*
- 35.79%
SHY vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHY iShares 1-3 Year Treasury Bond ETF | 0.43% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 3.03% | 3.38% | 1.46% | 0.26% |
SOXX iShares Semiconductor ETF | 104.57% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
Correlation
The correlation between SHY and SOXX is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2002 | -0.18 |
The correlation between SHY and SOXX shifts across timeframes, from -0.18 (all time) to 0.08 (1 year), reflecting how their relationship changes across market environments.
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. SOXX — Risk / Return Rank
SHY
SOXX
SHY vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-3 Year Treasury Bond ETF (SHY) and iShares Semiconductor ETF (SOXX). 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 | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.74 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 12.13 | -8.38 |
| Martin ratioReturn relative to average drawdown | 15.21 | 46.43 | -31.23 |
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 | SOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 5.61 | -3.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.96 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.06 | 1.07 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.45 | +0.84 |
Drawdowns
SHY vs. SOXX - Drawdown Comparison
The maximum SHY drawdown since its inception was -5.71%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for SHY and SOXX.
Loading charts...
Drawdown Indicators
| SHY | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.71% | -70.21% | +64.50% |
Max Drawdown (1Y)Largest decline over 1 year | -0.89% | -15.77% | +14.88% |
Max Drawdown (3Y)Largest decline over 3 years | -0.97% | -41.36% | +40.39% |
Max Drawdown (5Y)Largest decline over 5 years | -5.71% | -45.75% | +40.04% |
Max Drawdown (10Y)Largest decline over 10 years | -5.71% | -45.75% | +40.04% |
Current DrawdownCurrent decline from peak | -0.31% | 0.00% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -19.97% | +19.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 4.11% | -3.89% |
Volatility
SHY vs. SOXX - Volatility Comparison
The current volatility for iShares 1-3 Year Treasury Bond ETF (SHY) is 0.35%, while iShares Semiconductor ETF (SOXX) has a volatility of 14.03%. This indicates that SHY experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SHY | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 14.03% | -13.68% |
Volatility (6M)Calculated over the trailing 6-month period | 0.92% | 27.35% | -26.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.34% | 34.18% | -32.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 36.11% | -34.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.57% | 33.43% | -31.86% |
SHY vs. SOXX - Expense Ratio Comparison
SHY has a 0.15% expense ratio, which is lower than SOXX's 0.34% expense ratio.
Dividends
SHY vs. SOXX - Dividend Comparison
SHY's dividend yield for the trailing twelve months is around 3.68%, more than SOXX's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOXX iShares Semiconductor ETF | 0.27% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
SHY and SOXX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (14.03%) compared to SHY (0.35%). In terms of maximum drawdown, SHY dropped -5.71% vs SOXX's -70.21%.
On 10-year performance, SOXX leads with 35.79% vs 1.65% for SHY. On fees, SHY is cheaper at 0.15% per year. On volatility, SHY has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SOXX has performed better with a 35.79% return vs 1.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHY is cheaper with a 0.15% expense ratio, compared with 0.34% for SOXX.
SHY has the higher dividend yield at 3.68%, compared with 0.27% for SOXX.
SHY is categorized as Government Bonds, while SOXX is Semiconductors. SHY tracks ICE US Treasury 1-3 Year Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.15% for SHY and 0.34% for SOXX.
SOXX currently has the higher Sharpe Ratio (5.61 vs 2.49), 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 SOXX
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