Correlation
The correlation between SHYL and HYBB is 0.70, 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.
SHYL vs. HYBB
Compare and contrast key facts about Xtrackers Short Duration High Yield Bond ETF (SHYL) and iShares BB Rated Corporate Bond ETF (HYBB).
SHYL and HYBB 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. HYBB is a passively managed fund by iShares that tracks the performance of the ICE BofA BB US High Yield Constrained Index (USD). It was launched on Oct 6, 2020. Both SHYL and HYBB 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 HYBB.
Performance
SHYL vs. HYBB - Performance Comparison
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Key characteristics
SHYL:
1.79
HYBB:
1.41
SHYL:
2.58
HYBB:
2.07
SHYL:
1.43
HYBB:
1.31
SHYL:
2.09
HYBB:
1.98
SHYL:
11.62
HYBB:
10.26
SHYL:
0.85%
HYBB:
0.77%
SHYL:
5.54%
HYBB:
5.78%
SHYL:
-19.26%
HYBB:
-15.27%
SHYL:
0.00%
HYBB:
0.00%
Returns By Period
In the year-to-date period, SHYL achieves a 2.76% return, which is significantly lower than HYBB's 3.17% return.
SHYL
2.76%
1.67%
2.40%
9.87%
7.07%
6.33%
N/A
HYBB
3.17%
1.58%
2.15%
8.08%
5.46%
N/A
N/A
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SHYL vs. HYBB - Expense Ratio Comparison
SHYL has a 0.20% expense ratio, which is lower than HYBB'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. HYBB — Risk-Adjusted Performance Rank
SHYL
HYBB
SHYL vs. HYBB - 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 BB Rated Corporate Bond ETF (HYBB). 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.
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Dividends
SHYL vs. HYBB - Dividend Comparison
SHYL's dividend yield for the trailing twelve months is around 7.32%, more than HYBB's 6.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
SHYL Xtrackers Short Duration High Yield Bond ETF | 7.32% | 7.26% | 6.60% | 5.52% | 4.65% | 6.16% | 5.93% | 5.54% |
HYBB iShares BB Rated Corporate Bond ETF | 6.58% | 6.22% | 6.28% | 5.04% | 3.87% | 0.76% | 0.00% | 0.00% |
Drawdowns
SHYL vs. HYBB - Drawdown Comparison
The maximum SHYL drawdown since its inception was -19.26%, which is greater than HYBB's maximum drawdown of -15.27%. Use the drawdown chart below to compare losses from any high point for SHYL and HYBB.
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Volatility
SHYL vs. HYBB - Volatility Comparison
Xtrackers Short Duration High Yield Bond ETF (SHYL) and iShares BB Rated Corporate Bond ETF (HYBB) have volatilities of 1.34% and 1.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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