SHYG vs. IBIT
SHYG (iShares 0-5 Year High Yield Corporate Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - SHYG is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield 0-5 Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, SHYG returned 5.22% vs -44.19% for IBIT. Their 0.36 correlation means their historical movements had little consistent relationship. SHYG charges 0.30%/yr vs 0.25%/yr for IBIT.
Performance
SHYG vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SHYG achieves a 2.30% return, which is significantly higher than IBIT's -26.71% return.
SHYG
- 1D
- 0.24%
- 1M
- 0.28%
- 6M
- 1.87%
- YTD
- 2.30%
- 1Y
- 5.22%
- 3Y*
- 7.94%
- 5Y*
- 4.96%
- 10Y*
- 4.99%
- ALL TIME*
- 4.42%
IBIT
- 1D
- 0.64%
- 1M
- 4.36%
- 6M
- -15.96%
- YTD
- -26.71%
- 1Y
- -44.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29B | $1.33B | $1.64B | |
| $71.43M | $61.03M | $58.57M |
SHYG vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2.30% | 7.94% | 8.02% |
IBIT iShares Bitcoin Trust ETF | -26.71% | -6.41% | 89.87% |
Correlation
The correlation between SHYG and IBIT is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.36 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SHYG vs. IBIT — Risk / Return Rank
SHYG
IBIT
SHYG vs. IBIT - 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 iShares Bitcoin Trust ETF (IBIT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SHYG | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.65 | ||
| Sortino ratioReturn per unit of downside risk | +4.01 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.84 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | -0.83 | +3.83 |
| Martin ratioReturn relative to average drawdown | 12.84 | -1.27 | +14.10 |
Loading charts...
Drawdowns
SHYG vs. IBIT - Drawdown Comparison
The maximum SHYG drawdown since its inception was -19.26%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for SHYG and IBIT.
Loading charts...
Drawdown Indicators
| SHYG | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -53.30% | +34.04% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -53.30% | +51.55% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.26% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -48.95% | +48.95% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -18.34% | +16.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 34.94% | -34.53% |
Volatility
SHYG vs. IBIT - Volatility Comparison
The current volatility for iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) is 0.68%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.29%. This indicates that SHYG experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SHYG | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 8.29% | -7.61% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 33.07% | -30.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.18% | 44.40% | -41.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.74% | 49.53% | -43.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 49.53% | -43.14% |
SHYG vs. IBIT - Expense Ratio Comparison
SHYG has a 0.30% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
SHYG vs. IBIT - Dividend Comparison
SHYG's dividend yield for the trailing twelve months is around 7.02%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust 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% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 7.02% | 7.03% | 6.93% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% |
Frequently Asked Questions
SHYG and IBIT have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.29%) compared to SHYG (0.68%). In terms of maximum drawdown, SHYG dropped -19.26% vs IBIT's -53.30%.
On 1-year performance, SHYG leads with 5.22% vs -44.19% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, SHYG has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SHYG has performed better with a 5.22% return vs -44.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.30% for SHYG.
SHYG has the higher dividend yield at 7.02%, compared with 0.00% for IBIT.
SHYG is categorized as High Yield Bonds, while IBIT is Cryptocurrency. SHYG tracks Markit iBoxx USD Liquid High Yield 0-5 Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.30% for SHYG and 0.25% for IBIT.
SHYG currently has the higher Sharpe Ratio (1.65 vs -1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for SHYG and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer