SHYG vs. DBMF
Compare and contrast key facts about iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) and iM DBi Managed Futures Strategy ETF (DBMF).
SHYG and DBMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid High Yield 0-5 Index. It was launched on Oct 15, 2013. DBMF is an actively managed fund by Litman Gregory Capital Partners LLC. It was launched on May 8, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHYG or DBMF.
Key characteristics
| SHYG | DBMF | |
|---|---|---|
| YTD Return | 2.23% | 13.12% |
| 1Y Return | 9.92% | 13.42% |
| 3Y Return (Ann) | 3.17% | 8.49% |
| Sharpe Ratio | 2.13 | 1.32 |
| Daily Std Dev | 4.54% | 9.90% |
| Max Drawdown | -19.26% | -20.39% |
| Current Drawdown | 0.00% | -7.11% |
Correlation
The correlation between SHYG and DBMF is -0.06. 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
SHYG vs. DBMF - Performance Comparison
In the year-to-date period, SHYG achieves a 2.23% return, which is significantly lower than DBMF's 13.12% 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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SHYG vs. DBMF - Expense Ratio Comparison
SHYG has a 0.30% expense ratio, which is lower than DBMF's 0.85% expense ratio.
Risk-Adjusted Performance
SHYG vs. DBMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) and iM DBi Managed Futures Strategy ETF (DBMF). 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
SHYG vs. DBMF - Dividend Comparison
SHYG's dividend yield for the trailing twelve months is around 6.55%, more than DBMF's 3.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 6.55% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% | 4.33% | 0.85% |
DBMF iM DBi Managed Futures Strategy ETF | 3.13% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SHYG vs. DBMF - Drawdown Comparison
The maximum SHYG drawdown since its inception was -19.26%, smaller than the maximum DBMF drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for SHYG and DBMF. For additional features, visit the drawdowns tool.
Volatility
SHYG vs. DBMF - Volatility Comparison
The current volatility for iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) is 1.44%, while iM DBi Managed Futures Strategy ETF (DBMF) has a volatility of 5.23%. This indicates that SHYG experiences smaller price fluctuations and is considered to be less risky than DBMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.