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.
Key characteristics
| SHYD | SGOV | |
|---|---|---|
| YTD Return | 5.16% | 4.65% |
| 1Y Return | 8.71% | 5.37% |
| 3Y Return (Ann) | -0.42% | 3.79% |
| Sharpe Ratio | 2.22 | 22.02 |
| Sortino Ratio | 3.37 | 529.73 |
| Omega Ratio | 1.42 | 530.73 |
| Calmar Ratio | 0.91 | 543.86 |
| Martin Ratio | 18.25 | 8,633.55 |
| Ulcer Index | 0.52% | 0.00% |
| Daily Std Dev | 4.28% | 0.25% |
| Max Drawdown | -31.22% | -0.03% |
| Current Drawdown | -2.72% | 0.00% |
Correlation
The correlation between SHYD and SGOV is -0.01. 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.
Performance
SHYD vs. SGOV - Performance Comparison
In the year-to-date period, SHYD achieves a 5.16% return, which is significantly higher than SGOV's 4.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
SHYD vs. SGOV - Dividend Comparison
SHYD's dividend yield for the trailing twelve months is around 3.09%, less than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SHYD VanEck Short High Yield Muni ETF | 3.09% | 2.99% | 2.67% | 2.57% | 3.06% | 3.20% | 3.19% | 3.11% | 2.97% | 3.26% | 2.91% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 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 -31.22%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for SHYD and SGOV. For additional features, visit the drawdowns tool.
Volatility
SHYD vs. SGOV - Volatility Comparison
VanEck Short High Yield Muni ETF (SHYD) has a higher volatility of 1.45% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. This indicates that SHYD's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.