SHYL vs. BND
SHYL (Xtrackers Short Duration High Yield Bond ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - SHYL is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market 0-5 Year Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 5 years, SHYL returned 4.95%/yr vs 0.20%/yr for BND. At a 0.33 correlation, their price movements are largely independent. SHYL charges 0.20%/yr vs 0.03%/yr for BND.
Performance
SHYL vs. BND - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SHYL achieves a 1.35% return, which is significantly higher than BND's 0.46% return.
SHYL
- 1D
- 0.03%
- 1M
- 0.16%
- YTD
- 1.35%
- 6M
- 1.96%
- 1Y
- 6.36%
- 3Y*
- 8.35%
- 5Y*
- 4.95%
- 10Y*
- —
BND
- 1D
- 0.03%
- 1M
- 0.12%
- YTD
- 0.46%
- 6M
- 0.46%
- 1Y
- 5.19%
- 3Y*
- 4.03%
- 5Y*
- 0.20%
- 10Y*
- 1.60%
SHYL vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SHYL Xtrackers Short Duration High Yield Bond ETF | 1.35% | 7.78% | 8.52% | 11.39% | -5.21% | 4.60% | 3.64% | 10.16% | -0.67% |
BND Vanguard Total Bond Market ETF | 0.46% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | 0.54% |
Correlation
The correlation between SHYL and BND is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2018 | 0.33 |
Over the past year, SHYL and BND have become more correlated (0.54) than their long-term average of 0.33, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SHYL vs. BND — Risk / Return Rank
SHYL
BND
SHYL vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Short Duration High Yield Bond ETF (SHYL) and Vanguard Total Bond Market ETF (BND). 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.
| SHYL | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.00 | 1.38 | +0.62 |
Sortino ratioReturn per unit of downside risk | 3.05 | 2.07 | +0.98 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.24 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 3.95 | 1.85 | +2.10 |
Martin ratioReturn relative to average drawdown | 15.62 | 5.66 | +9.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SHYL | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.38 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.03 | +0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.59 | +0.13 |
Drawdowns
SHYL vs. BND - Drawdown Comparison
The maximum SHYL drawdown since its inception was -19.26%, roughly equal to the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for SHYL and BND.
Loading charts...
Drawdown Indicators
| SHYL | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -18.58% | -0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -2.68% | +1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -4.73% | -5.92% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -9.60% | -17.91% | +8.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -0.03% | -2.18% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -3.06% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.88% | -0.48% |
Volatility
SHYL vs. BND - Volatility Comparison
The current volatility for Xtrackers Short Duration High Yield Bond ETF (SHYL) is 0.85%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.26%. This indicates that SHYL experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SHYL | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 1.26% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 2.68% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.19% | 3.78% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.84% | 6.02% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.69% | 5.53% | +1.16% |
SHYL vs. BND - Expense Ratio Comparison
SHYL has a 0.20% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SHYL vs. BND - Dividend Comparison
SHYL's dividend yield for the trailing twelve months is around 6.92%, more than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 6.92% | 7.02% | 7.26% | 6.60% | 5.52% | 4.65% | 6.16% | 5.93% | 5.54% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SHYL and BND have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BND has higher volatility (1.26%) compared to SHYL (0.85%). In terms of maximum drawdown, SHYL dropped -19.26% vs BND's -18.58%.
On 5-year performance, SHYL leads with 4.95% vs 0.20% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, SHYL has been the lower-risk option at 0.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SHYL has performed better with a 4.95% return vs 0.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.20% for SHYL.
SHYL has the higher dividend yield at 6.92%, compared with 3.96% for BND.
SHYL is categorized as High Yield Bonds, while BND is Total Bond Market. SHYL tracks Solactive USD High Yield Corporates Total Market 0-5 Year Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: Deutsche Bank and Vanguard. Their fees differ too: 0.20% for SHYL and 0.03% for BND.
SHYL currently has the higher Sharpe Ratio (2.00 vs 1.38), 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.
Find the right allocation for SHYL and BND
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer