SHYL vs. AOA
Compare and contrast key facts about Xtrackers Short Duration High Yield Bond ETF (SHYL) and iShares Core Aggressive Allocation ETF (AOA).
SHYL and AOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHYL is a passively managed fund by Deutsche Bank that tracks the performance of the Solactive USD High Yield Corporates Total Market 0-5 Year Index. It was launched on Jan 10, 2018. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008. Both SHYL and AOA 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: SHYL or AOA.
Performance
SHYL vs. AOA - Performance Comparison
Returns By Period
In the year-to-date period, SHYL achieves a 8.23% return, which is significantly lower than AOA's 14.33% return.
SHYL
8.23%
0.58%
6.25%
12.15%
4.84%
N/A
AOA
14.33%
-0.70%
6.31%
20.52%
8.81%
7.76%
Key characteristics
| SHYL | AOA | |
|---|---|---|
| Sharpe Ratio | 3.34 | 2.11 |
| Sortino Ratio | 5.35 | 2.95 |
| Omega Ratio | 1.68 | 1.38 |
| Calmar Ratio | 6.83 | 3.16 |
| Martin Ratio | 27.51 | 13.41 |
| Ulcer Index | 0.44% | 1.51% |
| Daily Std Dev | 3.66% | 9.62% |
| Max Drawdown | -19.26% | -28.38% |
| Current Drawdown | -0.36% | -1.72% |
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SHYL vs. AOA - Expense Ratio Comparison
SHYL has a 0.20% expense ratio, which is lower than AOA's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between SHYL and AOA is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SHYL vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Short Duration High Yield Bond ETF (SHYL) and iShares Core Aggressive Allocation ETF (AOA). 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
SHYL vs. AOA - Dividend Comparison
SHYL's dividend yield for the trailing twelve months is around 7.17%, more than AOA's 2.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYL Xtrackers Short Duration High Yield Bond ETF | 7.17% | 6.60% | 5.52% | 4.66% | 6.16% | 5.93% | 5.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AOA iShares Core Aggressive Allocation ETF | 2.11% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% | 1.84% |
Drawdowns
SHYL vs. AOA - Drawdown Comparison
The maximum SHYL drawdown since its inception was -19.26%, smaller than the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for SHYL and AOA. For additional features, visit the drawdowns tool.
Volatility
SHYL vs. AOA - Volatility Comparison
The current volatility for Xtrackers Short Duration High Yield Bond ETF (SHYL) is 0.83%, while iShares Core Aggressive Allocation ETF (AOA) has a volatility of 2.68%. This indicates that SHYL experiences smaller price fluctuations and is considered to be less risky than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.