SHYL vs. AOM
Compare and contrast key facts about Xtrackers Short Duration High Yield Bond ETF (SHYL) and iShares Core Moderate Allocation ETF (AOM).
SHYL and AOM 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. AOM is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Moderate. It was launched on Nov 4, 2008. Both SHYL and AOM 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 AOM.
Key characteristics
| SHYL | AOM | |
|---|---|---|
| YTD Return | 7.60% | 8.39% |
| 1Y Return | 14.69% | 19.69% |
| 3Y Return (Ann) | 4.57% | 1.57% |
| 5Y Return (Ann) | 4.59% | 4.56% |
| Sharpe Ratio | 3.70 | 3.03 |
| Sortino Ratio | 6.16 | 4.55 |
| Omega Ratio | 1.79 | 1.59 |
| Calmar Ratio | 8.31 | 1.47 |
| Martin Ratio | 33.60 | 20.93 |
| Ulcer Index | 0.44% | 0.95% |
| Daily Std Dev | 4.02% | 6.55% |
| Max Drawdown | -19.26% | -19.96% |
| Current Drawdown | -0.34% | -1.62% |
Correlation
The correlation between SHYL and AOM 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.
Performance
SHYL vs. AOM - Performance Comparison
In the year-to-date period, SHYL achieves a 7.60% return, which is significantly lower than AOM's 8.39% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SHYL vs. AOM - Expense Ratio Comparison
SHYL has a 0.20% expense ratio, which is lower than AOM'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%.
Risk-Adjusted Performance
SHYL vs. AOM - 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 Moderate Allocation ETF (AOM). 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. AOM - Dividend Comparison
SHYL's dividend yield for the trailing twelve months is around 7.16%, more than AOM's 2.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYL Xtrackers Short Duration High Yield Bond ETF | 7.16% | 6.60% | 5.52% | 4.65% | 6.16% | 5.93% | 5.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AOM iShares Core Moderate Allocation ETF | 2.87% | 2.79% | 2.27% | 1.56% | 2.02% | 2.66% | 2.53% | 3.31% | 2.14% | 1.98% | 2.08% | 1.87% |
Drawdowns
SHYL vs. AOM - Drawdown Comparison
The maximum SHYL drawdown since its inception was -19.26%, roughly equal to the maximum AOM drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for SHYL and AOM. For additional features, visit the drawdowns tool.
Volatility
SHYL vs. AOM - Volatility Comparison
The current volatility for Xtrackers Short Duration High Yield Bond ETF (SHYL) is 0.68%, while iShares Core Moderate Allocation ETF (AOM) has a volatility of 1.22%. This indicates that SHYL experiences smaller price fluctuations and is considered to be less risky than AOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.