SHYG vs. VCIT
Compare and contrast key facts about iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
SHYG and VCIT 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. VCIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5-10 Year Corp Index. It was launched on Nov 19, 2009. Both SHYG and VCIT 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 VCIT.
Performance
SHYG vs. VCIT - Performance Comparison
Returns By Period
In the year-to-date period, SHYG achieves a 7.81% return, which is significantly higher than VCIT's 3.22% return. Over the past 10 years, SHYG has outperformed VCIT with an annualized return of 4.27%, while VCIT has yielded a comparatively lower 2.79% annualized return.
SHYG
7.81%
0.20%
5.38%
11.44%
4.41%
4.27%
VCIT
3.22%
-2.05%
3.69%
9.22%
0.98%
2.79%
Key characteristics
| SHYG | VCIT | |
|---|---|---|
| Sharpe Ratio | 3.26 | 1.76 |
| Sortino Ratio | 5.17 | 2.61 |
| Omega Ratio | 1.65 | 1.31 |
| Calmar Ratio | 6.59 | 0.76 |
| Martin Ratio | 27.64 | 7.10 |
| Ulcer Index | 0.41% | 1.40% |
| Daily Std Dev | 3.50% | 5.66% |
| Max Drawdown | -19.27% | -20.56% |
| Current Drawdown | -0.62% | -5.16% |
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SHYG vs. VCIT - Expense Ratio Comparison
SHYG has a 0.30% expense ratio, which is higher than VCIT's 0.04% expense ratio.
Correlation
The correlation between SHYG and VCIT is 0.29, 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. VCIT - 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 Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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. VCIT - Dividend Comparison
SHYG's dividend yield for the trailing twelve months is around 6.76%, more than VCIT's 4.30% 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% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.30% | 3.72% | 3.04% | 2.88% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% | 4.00% |
Drawdowns
SHYG vs. VCIT - Drawdown Comparison
The maximum SHYG drawdown since its inception was -19.27%, smaller than the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for SHYG and VCIT. For additional features, visit the drawdowns tool.
Volatility
SHYG vs. VCIT - Volatility Comparison
The current volatility for iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) is 0.92%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.74%. This indicates that SHYG experiences smaller price fluctuations and is considered to be less risky than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.