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SHYG vs. SPHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SHYG and SPHY is 0.47, 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.


-0.50.00.51.0
Correlation: 0.5

Performance

SHYG vs. SPHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) and SPDR Portfolio High Yield Bond ETF (SPHY). The values are adjusted to include any dividend payments, if applicable.

55.00%60.00%65.00%70.00%NovemberDecember2025FebruaryMarchApril
59.12%
69.41%
SHYG
SPHY

Key characteristics

Sharpe Ratio

SHYG:

1.57

SPHY:

1.61

Sortino Ratio

SHYG:

2.31

SPHY:

2.35

Omega Ratio

SHYG:

1.36

SPHY:

1.35

Calmar Ratio

SHYG:

1.82

SPHY:

1.85

Martin Ratio

SHYG:

10.19

SPHY:

10.00

Ulcer Index

SHYG:

0.81%

SPHY:

0.90%

Daily Std Dev

SHYG:

5.27%

SPHY:

5.58%

Max Drawdown

SHYG:

-19.26%

SPHY:

-21.97%

Current Drawdown

SHYG:

-0.98%

SPHY:

-1.20%

Returns By Period

In the year-to-date period, SHYG achieves a 1.17% return, which is significantly higher than SPHY's 1.00% return. Both investments have delivered pretty close results over the past 10 years, with SHYG having a 4.24% annualized return and SPHY not far ahead at 4.39%.


SHYG

YTD

1.17%

1M

-0.49%

6M

1.98%

1Y

8.10%

5Y*

6.59%

10Y*

4.24%

SPHY

YTD

1.00%

1M

-0.77%

6M

1.80%

1Y

8.80%

5Y*

6.81%

10Y*

4.39%

*Annualized

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SHYG vs. SPHY - Expense Ratio Comparison

SHYG has a 0.30% expense ratio, which is higher than SPHY's 0.10% expense ratio.


Expense ratio chart for SHYG: current value is 0.30%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SHYG: 0.30%
Expense ratio chart for SPHY: current value is 0.10%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPHY: 0.10%

Risk-Adjusted Performance

SHYG vs. SPHY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHYG
The Risk-Adjusted Performance Rank of SHYG is 9292
Overall Rank
The Sharpe Ratio Rank of SHYG is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of SHYG is 9292
Sortino Ratio Rank
The Omega Ratio Rank of SHYG is 9393
Omega Ratio Rank
The Calmar Ratio Rank of SHYG is 9292
Calmar Ratio Rank
The Martin Ratio Rank of SHYG is 9393
Martin Ratio Rank

SPHY
The Risk-Adjusted Performance Rank of SPHY is 9292
Overall Rank
The Sharpe Ratio Rank of SPHY is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of SPHY is 9292
Sortino Ratio Rank
The Omega Ratio Rank of SPHY is 9393
Omega Ratio Rank
The Calmar Ratio Rank of SPHY is 9393
Calmar Ratio Rank
The Martin Ratio Rank of SPHY is 9393
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SHYG vs. SPHY - 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 SPDR Portfolio High Yield Bond ETF (SPHY). 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.


The chart of Sharpe ratio for SHYG, currently valued at 1.57, compared to the broader market-1.000.001.002.003.004.00
SHYG: 1.57
SPHY: 1.61
The chart of Sortino ratio for SHYG, currently valued at 2.31, compared to the broader market-2.000.002.004.006.008.00
SHYG: 2.31
SPHY: 2.35
The chart of Omega ratio for SHYG, currently valued at 1.36, compared to the broader market0.501.001.502.00
SHYG: 1.36
SPHY: 1.35
The chart of Calmar ratio for SHYG, currently valued at 1.82, compared to the broader market0.002.004.006.008.0010.0012.00
SHYG: 1.82
SPHY: 1.85
The chart of Martin ratio for SHYG, currently valued at 10.19, compared to the broader market0.0020.0040.0060.00
SHYG: 10.19
SPHY: 10.00

The current SHYG Sharpe Ratio is 1.57, which is comparable to the SPHY Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of SHYG and SPHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50NovemberDecember2025FebruaryMarchApril
1.57
1.61
SHYG
SPHY

Dividends

SHYG vs. SPHY - Dividend Comparison

SHYG's dividend yield for the trailing twelve months is around 7.11%, less than SPHY's 7.77% yield.


TTM20242023202220212020201920182017201620152014
SHYG
iShares 0-5 Year High Yield Corporate Bond ETF
7.11%6.93%6.54%5.57%4.83%5.07%5.33%5.90%5.49%5.53%5.17%4.33%
SPHY
SPDR Portfolio High Yield Bond ETF
7.77%7.80%7.30%6.47%5.14%5.63%5.73%4.09%4.41%4.27%4.29%3.98%

Drawdowns

SHYG vs. SPHY - Drawdown Comparison

The maximum SHYG drawdown since its inception was -19.26%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for SHYG and SPHY. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-0.98%
-1.20%
SHYG
SPHY

Volatility

SHYG vs. SPHY - Volatility Comparison

iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) and SPDR Portfolio High Yield Bond ETF (SPHY) have volatilities of 4.18% and 4.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%NovemberDecember2025FebruaryMarchApril
4.18%
4.20%
SHYG
SPHY