SHYG vs. VTV

Last updated Jun 9, 2026

SHYG (iShares 0-5 Year High Yield Corporate Bond ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - SHYG is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield 0-5 Index, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, SHYG returned 5.12%/yr vs 12.42%/yr for VTV. A 0.63 correlation means they provide meaningful diversification when combined. SHYG charges 0.30%/yr vs 0.04%/yr for VTV.

Performance

SHYG vs. VTV - 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 Vanguard Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHYG achieves a 1.32% return, which is significantly lower than VTV's 11.91% return. Over the past 10 years, SHYG has underperformed VTV with an annualized return of 5.12%, while VTV has yielded a comparatively higher 12.42% annualized return.

SHYG

• 1D: 0.05%
• 1M: -0.15%
• YTD: 1.32%
• 6M: 1.95%
• 1Y: 6.39%
• 3Y*: 7.95%
• 5Y*: 4.77%
• 10Y*: 5.12%

VTV

• 1D: 0.25%
• 1M: 2.67%
• YTD: 11.91%
• 6M: 13.41%
• 1Y: 25.49%
• 3Y*: 17.72%
• 5Y*: 11.30%
• 10Y*: 12.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SHYG vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHYG iShares 0-5 Year High Yield Corporate Bond ETF	1.32%	7.94%	8.17%	10.38%	-4.71%	4.60%	3.15%	9.93%	0.02%	5.11%
VTV Vanguard Value ETF	11.91%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%

Correlation

The correlation between SHYG and VTV is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Oct 18, 2013	0.63

The correlation between SHYG and VTV has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.

SHYG vs. VTV - Sectors Allocation Comparison

Sectors	SHYG	VTV
Utilities	99.3%	5.2%
Real Estate	0.7%	2.8%
Basic Materials	-	3.1%
Communication Services	-	3.3%
Consumer Cyclical	-	4.0%
Consumer Defensive	-	9.4%
Energy	-	8.1%
Financial Services	-	22.3%
Healthcare	-	14.5%
Industrials	-	14.0%
Technology	-	13.4%

Return for Risk

SHYG vs. VTV — Risk / Return Rank

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

SHYG

SHYG Risk / Return Rank: 77
SHYG Sharpe Ratio Rank: 69
SHYG Sortino Ratio Rank: 77
SHYG Omega Ratio Rank: 76
SHYG Calmar Ratio Rank: 78
SHYG Martin Ratio Rank: 85

VTV

VTV Risk / Return Rank: 84
VTV Sharpe Ratio Rank: 85
VTV Sortino Ratio Rank: 87
VTV Omega Ratio Rank: 83
VTV Calmar Ratio Rank: 83
VTV Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHYG vs. VTV - 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 Vanguard Value ETF (VTV). 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	VTV	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.52	-0.49
Sortino ratio: Return per unit of downside risk	3.09	3.58	-0.49
Omega ratio: Gain probability vs. loss probability	1.40	1.45	-0.05
Calmar ratio: Return relative to maximum drawdown	3.67	4.03	-0.36
Martin ratio: Return relative to average drawdown	15.93	15.20	+0.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHYG vs. VTV - Sharpe Ratio Comparison

The current SHYG Sharpe Ratio is 2.02, which is comparable to the VTV Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of SHYG and VTV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SHYG	VTV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	2.52	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.82	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.75	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.51	+0.21

Drawdowns

SHYG vs. VTV - Drawdown Comparison

The maximum SHYG drawdown since its inception was -19.26%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for SHYG and VTV.

Drawdown Indicators

	SHYG	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-19.26%	-59.27%	+40.01%
Max Drawdown (1Y) Largest decline over 1 year	-1.75%	-6.35%	+4.60%
Max Drawdown (3Y) Largest decline over 3 years	-4.53%	-14.52%	+9.99%
Max Drawdown (5Y) Largest decline over 5 years	-9.39%	-17.04%	+7.65%
Max Drawdown (10Y) Largest decline over 10 years	-19.26%	-36.78%	+17.52%
Current Drawdown Current decline from peak	-0.36%	-1.11%	+0.75%
Average Drawdown Average peak-to-trough decline	-1.44%	-7.87%	+6.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.40%	1.68%	-1.28%

Volatility

SHYG vs. VTV - Volatility Comparison

The current volatility for iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) is 0.92%, while Vanguard Value ETF (VTV) has a volatility of 2.65%. This indicates that SHYG experiences smaller price fluctuations and is considered to be less risky than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHYG	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	2.65%	-1.73%
Volatility (6M) Calculated over the trailing 6-month period	2.53%	7.67%	-5.14%
Volatility (1Y) Calculated over the trailing 1-year period	3.18%	10.18%	-7.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.73%	13.89%	-8.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.42%	16.68%	-10.26%

SHYG vs. VTV - Expense Ratio Comparison

SHYG has a 0.30% expense ratio, which is higher than VTV's 0.04% expense ratio.

Dividends

SHYG vs. VTV - Dividend Comparison

SHYG's dividend yield for the trailing twelve months is around 7.03%, more than VTV's 1.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SHYG iShares 0-5 Year High Yield Corporate Bond ETF	7.03%	7.03%	6.93%	6.54%	5.57%	4.83%	5.07%	5.33%	5.90%	5.49%	5.53%	5.17%
VTV Vanguard Value ETF	1.87%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both SHYG and VTV in my portfolio?

SHYG and VTV have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHYG or VTV?

VTV has higher volatility (2.65%) compared to SHYG (0.92%). In terms of maximum drawdown, SHYG dropped -19.26% vs VTV's -59.27%.

Which ETF is better, SHYG or VTV?

On 10-year performance, VTV leads with 12.42% vs 5.12% for SHYG. On fees, VTV is cheaper at 0.04% per year. On volatility, SHYG has been the lower-risk option at 0.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHYG or VTV?

Over the 10-year period, VTV has performed better with a 12.42% return vs 5.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHYG or VTV?

VTV is cheaper with a 0.04% expense ratio, compared with 0.30% for SHYG.

Which ETF pays a higher dividend yield, SHYG or VTV?

SHYG has the higher dividend yield at 7.03%, compared with 1.87% for VTV.

What is the main difference between SHYG and VTV?

SHYG is categorized as High Yield Bonds, while VTV is Large Cap Value Equities. SHYG tracks Markit iBoxx USD Liquid High Yield 0-5 Index, while VTV tracks CRSP US Large Cap Value Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.30% for SHYG and 0.04% for VTV.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.52 vs 2.02), 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.