SHYD vs. SGOV
Compare and contrast key facts about VanEck Short High Yield Muni ETF (SHYD) and iShares 0-3 Month Treasury Bond ETF (SGOV).
SHYD and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHYD is a passively managed fund by VanEck that tracks the performance of the Bloomberg Municipal High Yield Short Duration. It was launched on Jan 13, 2014. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020. Both SHYD and SGOV 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: SHYD or SGOV.
Correlation
The correlation between SHYD and SGOV is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SHYD vs. SGOV - Performance Comparison
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Key characteristics
SHYD:
3.56%
SGOV:
0.24%
SHYD:
-0.18%
SGOV:
0.00%
SHYD:
0.00%
SGOV:
0.00%
Returns By Period
SHYD
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SGOV
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SHYD vs. SGOV - Expense Ratio Comparison
SHYD has a 0.35% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
SHYD vs. SGOV — Risk-Adjusted Performance Rank
SHYD
SGOV
SHYD vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Short High Yield Muni ETF (SHYD) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
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Dividends
SHYD vs. SGOV - Dividend Comparison
SHYD's dividend yield for the trailing twelve months is around 3.34%, while SGOV has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYD VanEck Short High Yield Muni ETF | 3.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SHYD vs. SGOV - Drawdown Comparison
The maximum SHYD drawdown since its inception was -0.18%, which is greater than SGOV's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SHYD and SGOV. For additional features, visit the drawdowns tool.
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Volatility
SHYD vs. SGOV - Volatility Comparison
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