SHY vs. SPY
Compare and contrast key facts about iShares 1-3 Year Treasury Bond ETF (SHY) and SPDR S&P 500 ETF (SPY).
SHY and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SHY and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHY or SPY.
Performance
SHY vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, SHY achieves a 3.28% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, SHY has underperformed SPY with an annualized return of 1.18%, while SPY has yielded a comparatively higher 13.04% annualized return.
SHY
3.28%
-0.35%
2.78%
4.82%
1.18%
1.18%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| SHY | SPY | |
|---|---|---|
| Sharpe Ratio | 2.66 | 2.64 |
| Sortino Ratio | 4.24 | 3.53 |
| Omega Ratio | 1.55 | 1.49 |
| Calmar Ratio | 2.29 | 3.81 |
| Martin Ratio | 13.56 | 17.21 |
| Ulcer Index | 0.37% | 1.86% |
| Daily Std Dev | 1.88% | 12.15% |
| Max Drawdown | -5.71% | -55.19% |
| Current Drawdown | -0.86% | -2.17% |
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SHY vs. SPY - Expense Ratio Comparison
SHY has a 0.15% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between SHY and SPY is -0.21. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
SHY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-3 Year Treasury Bond ETF (SHY) and SPDR S&P 500 ETF (SPY). 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
SHY vs. SPY - Dividend Comparison
SHY's dividend yield for the trailing twelve months is around 3.86%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHY iShares 1-3 Year Treasury Bond ETF | 3.86% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.72% | 0.54% | 0.36% | 0.26% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SHY vs. SPY - Drawdown Comparison
The maximum SHY drawdown since its inception was -5.71%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SHY and SPY. For additional features, visit the drawdowns tool.
Volatility
SHY vs. SPY - Volatility Comparison
The current volatility for iShares 1-3 Year Treasury Bond ETF (SHY) is 0.42%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. This indicates that SHY experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.