SHYL vs. IBHD
Compare and contrast key facts about Xtrackers Short Duration High Yield Bond ETF (SHYL) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD).
SHYL and IBHD 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. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019. Both SHYL and IBHD 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 IBHD.
Performance
SHYL vs. IBHD - Performance Comparison
Returns By Period
In the year-to-date period, SHYL achieves a 8.31% return, which is significantly higher than IBHD's 5.47% return.
SHYL
8.31%
0.91%
6.42%
12.06%
4.85%
N/A
IBHD
5.47%
0.37%
2.95%
6.42%
4.12%
N/A
Key characteristics
| SHYL | IBHD | |
|---|---|---|
| Sharpe Ratio | 3.29 | 3.86 |
| Sortino Ratio | 5.27 | 5.93 |
| Omega Ratio | 1.66 | 1.98 |
| Calmar Ratio | 6.73 | 12.47 |
| Martin Ratio | 27.09 | 73.36 |
| Ulcer Index | 0.45% | 0.09% |
| Daily Std Dev | 3.67% | 1.66% |
| Max Drawdown | -19.26% | -20.11% |
| Current Drawdown | -0.30% | 0.00% |
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SHYL vs. IBHD - Expense Ratio Comparison
SHYL has a 0.20% expense ratio, which is lower than IBHD's 0.35% expense ratio.
Correlation
The correlation between SHYL and IBHD is 0.72, 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. IBHD - 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 iBonds 2024 Term High Yield & Income ETF (IBHD). 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. IBHD - Dividend Comparison
SHYL's dividend yield for the trailing twelve months is around 7.17%, more than IBHD's 6.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
SHYL Xtrackers Short Duration High Yield Bond ETF | 7.17% | 6.60% | 5.52% | 4.66% | 6.16% | 5.93% | 5.54% |
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 6.26% | 6.90% | 4.91% | 4.43% | 5.50% | 3.59% | 0.00% |
Drawdowns
SHYL vs. IBHD - Drawdown Comparison
The maximum SHYL drawdown since its inception was -19.26%, roughly equal to the maximum IBHD drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for SHYL and IBHD. For additional features, visit the drawdowns tool.
Volatility
SHYL vs. IBHD - Volatility Comparison
Xtrackers Short Duration High Yield Bond ETF (SHYL) has a higher volatility of 0.82% compared to iShares iBonds 2024 Term High Yield & Income ETF (IBHD) at 0.22%. This indicates that SHYL's price experiences larger fluctuations and is considered to be riskier than IBHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.