SHYG vs. SHYL
Compare and contrast key facts about iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) and Xtrackers Short Duration High Yield Bond ETF (SHYL).
SHYG and SHYL 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. SHYL is a passively managed fund by Deutsche Bank that tracks the performance of the Solactive USD High Yield Corporates Total Market 0-5 Year Index. It was launched on Jan 10, 2018. Both SHYG and SHYL 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 SHYL.
Correlation
The correlation between SHYG and SHYL is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SHYG vs. SHYL - Performance Comparison
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Key characteristics
SHYG:
1.52
SHYL:
1.61
SHYG:
2.41
SHYL:
2.47
SHYG:
1.38
SHYL:
1.41
SHYG:
1.91
SHYL:
1.99
SHYG:
10.45
SHYL:
11.13
SHYG:
0.83%
SHYL:
0.85%
SHYG:
5.32%
SHYL:
5.52%
SHYG:
-19.26%
SHYL:
-19.26%
SHYG:
-0.09%
SHYL:
-0.35%
Returns By Period
The year-to-date returns for both stocks are quite close, with SHYG having a 2.40% return and SHYL slightly lower at 2.31%.
SHYG
2.40%
2.96%
2.75%
8.05%
6.81%
4.37%
SHYL
2.31%
3.03%
2.75%
8.83%
7.17%
N/A
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SHYG vs. SHYL - Expense Ratio Comparison
SHYG has a 0.30% expense ratio, which is higher than SHYL's 0.20% expense ratio.
Risk-Adjusted Performance
SHYG vs. SHYL — Risk-Adjusted Performance Rank
SHYG
SHYL
SHYG vs. SHYL - 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 Xtrackers Short Duration High Yield Bond ETF (SHYL). 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.
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Dividends
SHYG vs. SHYL - Dividend Comparison
SHYG's dividend yield for the trailing twelve months is around 7.12%, less than SHYL's 7.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 7.12% | 6.93% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% | 4.33% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 7.35% | 7.26% | 6.60% | 5.52% | 4.65% | 6.16% | 5.93% | 5.54% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SHYG vs. SHYL - Drawdown Comparison
The maximum SHYG drawdown since its inception was -19.26%, roughly equal to the maximum SHYL drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for SHYG and SHYL. For additional features, visit the drawdowns tool.
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Volatility
SHYG vs. SHYL - Volatility Comparison
iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) has a higher volatility of 1.67% compared to Xtrackers Short Duration High Yield Bond ETF (SHYL) at 1.56%. This indicates that SHYG's price experiences larger fluctuations and is considered to be riskier than SHYL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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