SHYG vs. FTSL
Compare and contrast key facts about iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) and First Trust Senior Loan Fund (FTSL).
SHYG and FTSL 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. FTSL is an actively managed fund by First Trust. It was launched on May 1, 2013.
Performance
SHYG vs. FTSL - Performance Comparison
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SHYG vs. FTSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | -0.02% | 7.94% | 8.17% | 10.38% | -4.71% | 4.60% | 3.15% | 9.93% | 0.02% | 5.11% |
FTSL First Trust Senior Loan Fund | -0.69% | 5.98% | 8.27% | 11.58% | -2.50% | 3.94% | 2.99% | 10.11% | -1.30% | 2.59% |
Returns By Period
In the year-to-date period, SHYG achieves a -0.02% return, which is significantly higher than FTSL's -0.69% return. Over the past 10 years, SHYG has outperformed FTSL with an annualized return of 5.36%, while FTSL has yielded a comparatively lower 4.50% annualized return.
SHYG
- 1D
- 0.15%
- 1M
- -0.32%
- YTD
- -0.02%
- 6M
- 1.12%
- 1Y
- 6.67%
- 3Y*
- 7.72%
- 5Y*
- 4.76%
- 10Y*
- 5.36%
FTSL
- 1D
- 0.11%
- 1M
- 1.04%
- YTD
- -0.69%
- 6M
- 0.98%
- 1Y
- 4.82%
- 3Y*
- 7.14%
- 5Y*
- 4.89%
- 10Y*
- 4.50%
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SHYG vs. FTSL - Expense Ratio Comparison
SHYG has a 0.30% expense ratio, which is lower than FTSL's 0.86% expense ratio.
Return for Risk
SHYG vs. FTSL — Risk / Return Rank
SHYG
FTSL
SHYG vs. FTSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) and First Trust Senior Loan Fund (FTSL). 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.
| SHYG | FTSL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 1.56 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.93 | 2.05 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.42 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.06 | -0.24 |
Martin ratioReturn relative to average drawdown | 10.29 | 7.37 | +2.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHYG | FTSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.56 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 1.46 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.87 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.83 | -0.12 |
Correlation
The correlation between SHYG and FTSL is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SHYG vs. FTSL - Dividend Comparison
SHYG's dividend yield for the trailing twelve months is around 7.09%, more than FTSL's 6.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 7.09% | 7.03% | 6.93% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% |
FTSL First Trust Senior Loan Fund | 6.58% | 6.59% | 7.56% | 7.59% | 4.77% | 3.17% | 3.48% | 4.44% | 4.29% | 3.64% | 3.70% | 3.95% |
Drawdowns
SHYG vs. FTSL - Drawdown Comparison
The maximum SHYG drawdown since its inception was -19.26%, smaller than the maximum FTSL drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for SHYG and FTSL.
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Drawdown Indicators
| SHYG | FTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -22.67% | +3.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.77% | -2.33% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -9.39% | -6.96% | -2.43% |
Max Drawdown (10Y)Largest decline over 10 years | -19.26% | -22.67% | +3.41% |
Current DrawdownCurrent decline from peak | -0.62% | -1.13% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -0.77% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.65% | +0.02% |
Volatility
SHYG vs. FTSL - Volatility Comparison
iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) has a higher volatility of 1.96% compared to First Trust Senior Loan Fund (FTSL) at 1.36%. This indicates that SHYG's price experiences larger fluctuations and is considered to be riskier than FTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHYG | FTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.36% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 1.91% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.20% | 3.11% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.71% | 3.36% | +2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 5.19% | +1.24% |