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

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.


-0.50.00.51.0-0.2

Performance

SHY vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 1-3 Year Treasury Bond ETF (SHY) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
3.19%
13.60%
SHY
SPY

Key characteristics

Sharpe Ratio

SHY:

2.53

SPY:

2.78

Sortino Ratio

SHY:

4.00

SPY:

3.69

Omega Ratio

SHY:

1.52

SPY:

1.52

Calmar Ratio

SHY:

2.83

SPY:

4.01

Martin Ratio

SHY:

11.68

SPY:

18.07

Ulcer Index

SHY:

0.40%

SPY:

1.87%

Daily Std Dev

SHY:

1.82%

SPY:

12.15%

Max Drawdown

SHY:

-5.71%

SPY:

-55.19%

Current Drawdown

SHY:

-0.32%

SPY:

-0.51%

Returns By Period

In the year-to-date period, SHY achieves a 3.84% return, which is significantly lower than SPY's 28.42% return. Over the past 10 years, SHY has underperformed SPY with an annualized return of 1.24%, while SPY has yielded a comparatively higher 13.68% annualized return.


SHY

YTD

3.84%

1M

0.48%

6M

3.19%

1Y

4.89%

5Y (annualized)

1.27%

10Y (annualized)

1.24%

SPY

YTD

28.42%

1M

1.08%

6M

13.60%

1Y

33.17%

5Y (annualized)

15.80%

10Y (annualized)

13.68%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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%.


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 SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

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.


Sharpe ratio
The chart of Sharpe ratio for SHY, currently valued at 2.53, compared to the broader market0.002.004.002.532.78
The chart of Sortino ratio for SHY, currently valued at 4.00, compared to the broader market-2.000.002.004.006.008.0010.0012.004.003.69
The chart of Omega ratio for SHY, currently valued at 1.52, compared to the broader market0.501.001.502.002.503.001.521.52
The chart of Calmar ratio for SHY, currently valued at 2.83, compared to the broader market0.005.0010.0015.002.834.01
The chart of Martin ratio for SHY, currently valued at 11.68, compared to the broader market0.0020.0040.0060.0080.00100.0011.6818.07
SHY
SPY

The current SHY Sharpe Ratio is 2.53, which is comparable to the SPY Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of SHY and SPY, 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 Ratio1.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
2.53
2.78
SHY
SPY

Dividends

SHY vs. SPY - Dividend Comparison

SHY's dividend yield for the trailing twelve months is around 3.88%, more than SPY's 1.16% 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%
SPY
SPDR S&P 500 ETF
1.16%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.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.32%
-0.51%
SHY
SPY

Volatility

SHY vs. SPY - Volatility Comparison

The current volatility for iShares 1-3 Year Treasury Bond ETF (SHY) is 0.40%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.19%. 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.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
0.40%
2.19%
SHY
SPY
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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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