SHYG vs. VOO
Compare and contrast key facts about iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) and Vanguard S&P 500 ETF (VOO).
SHYG and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both SHYG and VOO 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 VOO.
Performance
SHYG vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, SHYG achieves a 7.81% return, which is significantly lower than VOO's 24.51% return. Over the past 10 years, SHYG has underperformed VOO with an annualized return of 4.27%, while VOO has yielded a comparatively higher 13.12% annualized return.
SHYG
7.81%
0.20%
5.38%
11.44%
4.41%
4.27%
VOO
24.51%
0.61%
11.38%
32.00%
15.30%
13.12%
Key characteristics
| SHYG | VOO | |
|---|---|---|
| Sharpe Ratio | 3.26 | 2.64 |
| Sortino Ratio | 5.17 | 3.53 |
| Omega Ratio | 1.65 | 1.49 |
| Calmar Ratio | 6.59 | 3.81 |
| Martin Ratio | 27.64 | 17.34 |
| Ulcer Index | 0.41% | 1.86% |
| Daily Std Dev | 3.50% | 12.20% |
| Max Drawdown | -19.27% | -33.99% |
| Current Drawdown | -0.62% | -2.16% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SHYG vs. VOO - Expense Ratio Comparison
SHYG has a 0.30% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between SHYG and VOO is 0.68, 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.
Risk-Adjusted Performance
SHYG vs. VOO - 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 S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
SHYG's dividend yield for the trailing twelve months is around 6.76%, more than VOO's 1.26% 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% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
SHYG vs. VOO - Drawdown Comparison
The maximum SHYG drawdown since its inception was -19.27%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SHYG and VOO. For additional features, visit the drawdowns tool.
Volatility
SHYG vs. VOO - Volatility Comparison
The current volatility for iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) is 0.92%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.09%. This indicates that SHYG experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.