SHYL vs. IBHG
SHYL (Xtrackers Short Duration High Yield Bond ETF) and IBHG (iShares iBonds 2027 Term High Yield and Income ETF) are both High Yield Bonds funds - SHYL tracks the Solactive USD High Yield Corporates Total Market 0-5 Year Index while IBHG tracks the Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, SHYL returned 8.43%/yr vs 7.61%/yr for IBHG. Their correlation of 0.83 suggests significant overlap in exposure. SHYL charges 0.20%/yr vs 0.35%/yr for IBHG.
Performance
SHYL vs. IBHG - Performance Comparison
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Returns By Period
In the year-to-date period, SHYL achieves a 1.35% return, which is significantly higher than IBHG's 1.10% return.
SHYL
- 1D
- -0.01%
- 1M
- 0.36%
- YTD
- 1.35%
- 6M
- 1.42%
- 1Y
- 5.22%
- 3Y*
- 8.43%
- 5Y*
- 4.82%
- 10Y*
- —
IBHG
- 1D
- -0.05%
- 1M
- -0.04%
- YTD
- 1.10%
- 6M
- 1.22%
- 1Y
- 4.15%
- 3Y*
- 7.61%
- 5Y*
- —
- 10Y*
- —
SHYL vs. IBHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SHYL Xtrackers Short Duration High Yield Bond ETF | 1.35% | 7.78% | 8.52% | 11.39% | -5.21% | 0.95% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 1.10% | 6.90% | 7.42% | 11.27% | -8.88% | 0.93% |
Correlation
The correlation between SHYL and IBHG is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2021 | 0.84 |
The correlation between SHYL and IBHG shifts across timeframes, from 0.72 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SHYL vs. IBHG — Risk / Return Rank
SHYL
IBHG
SHYL vs. IBHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Short Duration High Yield Bond ETF (SHYL) and iShares iBonds 2027 Term High Yield and Income ETF (IBHG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SHYL | IBHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 5.74 | -2.45 |
| Martin ratioReturn relative to average drawdown | 12.88 | 20.91 | -8.03 |
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Drawdowns
SHYL vs. IBHG - Drawdown Comparison
The maximum SHYL drawdown since its inception was -19.26%, which is greater than IBHG's maximum drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for SHYL and IBHG.
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Drawdown Indicators
| SHYL | IBHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -13.85% | -5.41% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -0.73% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -4.73% | -3.39% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -9.60% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.09% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -2.64% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.20% | +0.21% |
Volatility
SHYL vs. IBHG - Volatility Comparison
Xtrackers Short Duration High Yield Bond ETF (SHYL) has a higher volatility of 0.74% compared to iShares iBonds 2027 Term High Yield and Income ETF (IBHG) at 0.38%. This indicates that SHYL's price experiences larger fluctuations and is considered to be riskier than IBHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHYL | IBHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.38% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 1.51% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 2.09% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 6.33% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 6.33% | +0.34% |
SHYL vs. IBHG - Expense Ratio Comparison
SHYL has a 0.20% expense ratio, which is lower than IBHG's 0.35% expense ratio.
Dividends
SHYL vs. IBHG - Dividend Comparison
SHYL's dividend yield for the trailing twelve months is around 6.92%, more than IBHG's 6.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.07% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
SHYL and IBHG have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHYL has higher volatility (0.74%) compared to IBHG (0.38%). In terms of maximum drawdown, SHYL dropped -19.26% vs IBHG's -13.85%.
On 3-year performance, SHYL leads with 8.43% vs 7.61% for IBHG. On fees, SHYL is cheaper at 0.20% per year. On volatility, IBHG has been the lower-risk option at 0.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SHYL has performed better with a 8.43% return vs 7.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHYL is cheaper with a 0.20% expense ratio, compared with 0.35% for IBHG.
SHYL has the higher dividend yield at 6.92%, compared with 6.07% for IBHG.
SHYL tracks Solactive USD High Yield Corporates Total Market 0-5 Year Index, while IBHG tracks Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross. They also come from different issuers: Deutsche Bank and iShares. Their fees differ too: 0.20% for SHYL and 0.35% for IBHG.
IBHG currently has the higher Sharpe Ratio (2.00 vs 1.63), 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.
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