SHYG vs. USIBX
SHYG (iShares 0-5 Year High Yield Corporate Bond ETF) and USIBX (USAA Intermediate Term Bond Fund) are both funds - SHYG is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield 0-5 Index, while USIBX is a Intermediate Core-Plus Bond fund managed by Victory. Over the past 10 years, SHYG returned 5.18%/yr vs 3.07%/yr for USIBX. At a 0.21 correlation, their price movements are largely independent. SHYG charges 0.30%/yr vs 0.63%/yr for USIBX.
Performance
SHYG vs. USIBX - Performance Comparison
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Returns By Period
In the year-to-date period, SHYG achieves a 1.44% return, which is significantly higher than USIBX's 0.60% return. Over the past 10 years, SHYG has outperformed USIBX with an annualized return of 5.18%, while USIBX has yielded a comparatively lower 3.07% annualized return.
SHYG
- 1D
- -0.24%
- 1M
- 0.35%
- YTD
- 1.44%
- 6M
- 1.95%
- 1Y
- 6.50%
- 3Y*
- 8.12%
- 5Y*
- 4.83%
- 10Y*
- 5.18%
USIBX
- 1D
- 0.00%
- 1M
- 0.50%
- YTD
- 0.60%
- 6M
- 0.57%
- 1Y
- 5.73%
- 3Y*
- 4.72%
- 5Y*
- 0.97%
- 10Y*
- 3.07%
SHYG vs. USIBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 1.44% | 7.94% | 8.17% | 10.38% | -4.71% | 4.60% | 3.15% | 9.93% | 0.02% | 5.11% |
USIBX USAA Intermediate Term Bond Fund | 0.60% | 7.48% | 2.84% | 6.74% | -12.69% | 0.85% | 9.64% | 11.07% | -0.97% | 5.91% |
Correlation
The correlation between SHYG and USIBX is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2013 | 0.21 |
Over the past year, SHYG and USIBX have become more correlated (0.53) than their long-term average of 0.21, meaning their price movements have been converging.
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Return for Risk
SHYG vs. USIBX — Risk / Return Rank
SHYG
USIBX
SHYG vs. USIBX - 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 USAA Intermediate Term Bond Fund (USIBX). 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 | USIBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.27 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 2.00 | +1.73 |
| Martin ratioReturn relative to average drawdown | 16.23 | 6.26 | +9.98 |
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 | USIBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.47 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.17 | +0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.65 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 1.09 | -0.36 |
Drawdowns
SHYG vs. USIBX - Drawdown Comparison
The maximum SHYG drawdown since its inception was -19.26%, roughly equal to the maximum USIBX drawdown of -18.49%. Use the drawdown chart below to compare losses from any high point for SHYG and USIBX.
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Drawdown Indicators
| SHYG | USIBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -18.49% | -0.77% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -2.87% | +1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -5.37% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -9.39% | -18.49% | +9.10% |
Max Drawdown (10Y)Largest decline over 10 years | -19.26% | -18.49% | -0.77% |
Current DrawdownCurrent decline from peak | -0.24% | -1.16% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -2.56% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.92% | -0.52% |
Volatility
SHYG vs. USIBX - Volatility Comparison
The current volatility for iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) is 0.94%, while USAA Intermediate Term Bond Fund (USIBX) has a volatility of 1.47%. This indicates that SHYG experiences smaller price fluctuations and is considered to be less risky than USIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHYG | USIBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 1.47% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 2.51% | 2.87% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.16% | 3.92% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 5.74% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.42% | 4.72% | +1.70% |
SHYG vs. USIBX - Expense Ratio Comparison
SHYG has a 0.30% expense ratio, which is lower than USIBX's 0.63% expense ratio.
Dividends
SHYG vs. USIBX - Dividend Comparison
SHYG's dividend yield for the trailing twelve months is around 7.02%, more than USIBX's 4.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USIBX USAA Intermediate Term Bond Fund | 4.73% | 4.56% | 4.47% | 3.71% | 3.17% | 4.92% | 6.84% | 4.93% | 3.67% | 3.45% | 3.86% | 4.35% |
Frequently Asked Questions
SHYG and USIBX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USIBX has higher volatility (1.47%) compared to SHYG (0.94%). In terms of maximum drawdown, SHYG dropped -19.26% vs USIBX's -18.49%.
SHYG currently has the higher Sharpe Ratio (2.07 vs 1.47), 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.
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