SHYG vs. SPCX
Compare and contrast key facts about iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) and SPAC and New Issue ETF (SPCX).
SHYG and SPCX 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. SPCX is an actively managed fund by Tuttle Tactical Management, LLC. It was launched on Dec 16, 2020.
Performance
SHYG vs. SPCX - Performance Comparison
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SHYG vs. SPCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | -0.16% | 7.94% | 8.17% | 10.38% | -4.71% | 4.60% | 0.82% |
SPCX SPAC and New Issue ETF | 0.73% | 7.81% | 2.84% | -4.10% | -12.25% | 9.28% | 3.00% |
Returns By Period
In the year-to-date period, SHYG achieves a -0.16% return, which is significantly lower than SPCX's 0.73% return.
SHYG
- 1D
- 0.88%
- 1M
- -0.49%
- YTD
- -0.16%
- 6M
- 1.16%
- 1Y
- 6.71%
- 3Y*
- 7.66%
- 5Y*
- 4.73%
- 10Y*
- 5.34%
SPCX
- 1D
- 0.45%
- 1M
- 0.34%
- YTD
- 0.73%
- 6M
- 2.32%
- 1Y
- 6.40%
- 3Y*
- 3.29%
- 5Y*
- -1.42%
- 10Y*
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SHYG vs. SPCX - Expense Ratio Comparison
SHYG has a 0.30% expense ratio, which is lower than SPCX's 0.95% expense ratio.
Return for Risk
SHYG vs. SPCX — Risk / Return Rank
SHYG
SPCX
SHYG vs. SPCX - 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 SPAC and New Issue ETF (SPCX). 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 | SPCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 0.63 | +0.66 |
Sortino ratioReturn per unit of downside risk | 1.94 | 0.91 | +1.03 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.14 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 0.81 | +0.97 |
Martin ratioReturn relative to average drawdown | 10.07 | 1.42 | +8.66 |
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 | SPCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 0.63 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | -0.17 | +1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.12 | +0.60 |
Correlation
The correlation between SHYG and SPCX 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.
Dividends
SHYG vs. SPCX - Dividend Comparison
SHYG's dividend yield for the trailing twelve months is around 7.07%, less than SPCX's 16.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 7.07% | 7.03% | 6.93% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% |
SPCX SPAC and New Issue ETF | 16.37% | 16.48% | 0.69% | 2.27% | 0.00% | 1.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SHYG vs. SPCX - Drawdown Comparison
The maximum SHYG drawdown since its inception was -19.26%, smaller than the maximum SPCX drawdown of -28.28%. Use the drawdown chart below to compare losses from any high point for SHYG and SPCX.
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Drawdown Indicators
| SHYG | SPCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -28.28% | +9.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.77% | -7.72% | +3.95% |
Max Drawdown (5Y)Largest decline over 5 years | -9.39% | -20.59% | +11.20% |
Max Drawdown (10Y)Largest decline over 10 years | -19.26% | — | — |
Current DrawdownCurrent decline from peak | -0.76% | -17.59% | +16.83% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -18.92% | +17.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 4.39% | -3.72% |
Volatility
SHYG vs. SPCX - Volatility Comparison
iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) has a higher volatility of 1.96% compared to SPAC and New Issue ETF (SPCX) at 1.33%. This indicates that SHYG's price experiences larger fluctuations and is considered to be riskier than SPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHYG | SPCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.33% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 3.38% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.20% | 10.15% | -4.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.71% | 8.16% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 9.30% | -2.87% |