SHYG vs. SHY
Compare and contrast key facts about iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) and iShares 1-3 Year Treasury Bond ETF (SHY).
SHYG and SHY 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. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002. Both SHYG and SHY 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: SHYG or SHY.
Performance
SHYG vs. SHY - Performance Comparison
Returns By Period
In the year-to-date period, SHYG achieves a 7.81% return, which is significantly higher than SHY's 3.28% return. Over the past 10 years, SHYG has outperformed SHY with an annualized return of 4.27%, while SHY has yielded a comparatively lower 1.18% annualized return.
SHYG
7.81%
0.20%
5.38%
11.44%
4.41%
4.27%
SHY
3.28%
-0.35%
2.78%
4.82%
1.18%
1.18%
Key characteristics
| SHYG | SHY | |
|---|---|---|
| Sharpe Ratio | 3.26 | 2.66 |
| Sortino Ratio | 5.17 | 4.24 |
| Omega Ratio | 1.65 | 1.55 |
| Calmar Ratio | 6.59 | 2.29 |
| Martin Ratio | 27.64 | 13.56 |
| Ulcer Index | 0.41% | 0.37% |
| Daily Std Dev | 3.50% | 1.88% |
| Max Drawdown | -19.27% | -5.71% |
| Current Drawdown | -0.62% | -0.86% |
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SHYG vs. SHY - Expense Ratio Comparison
SHYG has a 0.30% expense ratio, which is higher than SHY's 0.15% expense ratio.
Correlation
The correlation between SHYG and SHY is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
SHYG vs. SHY - 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 iShares 1-3 Year Treasury Bond ETF (SHY). 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. SHY - Dividend Comparison
SHYG's dividend yield for the trailing twelve months is around 6.76%, more than SHY's 3.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 6.76% | 6.54% | 5.57% | 4.84% | 5.07% | 5.32% | 5.90% | 5.49% | 5.53% | 5.17% | 4.33% | 0.85% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.86% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.72% | 0.54% | 0.36% | 0.26% |
Drawdowns
SHYG vs. SHY - Drawdown Comparison
The maximum SHYG drawdown since its inception was -19.27%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for SHYG and SHY. For additional features, visit the drawdowns tool.
Volatility
SHYG vs. SHY - Volatility Comparison
iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) has a higher volatility of 0.92% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.42%. This indicates that SHYG's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.