SHYL vs. LDRH
SHYL (Xtrackers Short Duration High Yield Bond ETF) and LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) are both High Yield Bonds funds - SHYL tracks the Solactive USD High Yield Corporates Total Market 0-5 Year Index while LDRH tracks the BlackRock iBonds 1-5 Year High Yield and Income Ladder Index. Both are passively managed. Over the past year, SHYL returned 6.02% vs 6.30% for LDRH. Their correlation of 0.82 suggests significant overlap in exposure. SHYL charges 0.20%/yr vs 0.35%/yr for LDRH.
Performance
SHYL vs. LDRH - Performance Comparison
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Returns By Period
In the year-to-date period, SHYL achieves a 1.30% return, which is significantly lower than LDRH's 1.88% return.
SHYL
- 1D
- 0.15%
- 1M
- 0.20%
- YTD
- 1.30%
- 6M
- 1.76%
- 1Y
- 6.02%
- 3Y*
- 8.39%
- 5Y*
- 4.91%
- 10Y*
- —
LDRH
- 1D
- 0.08%
- 1M
- 0.29%
- YTD
- 1.88%
- 6M
- 2.45%
- 1Y
- 6.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHYL vs. LDRH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SHYL Xtrackers Short Duration High Yield Bond ETF | 1.30% | 7.78% | -0.09% |
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 1.88% | 7.18% | 0.21% |
Correlation
The correlation between SHYL and LDRH is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2024 | 0.82 |
The correlation between SHYL and LDRH has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.
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Return for Risk
SHYL vs. LDRH — Risk / Return Rank
SHYL
LDRH
SHYL vs. LDRH - 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 1-5 Year High Yield and Income Ladder ETF (LDRH). 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 | LDRH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.48 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 5.14 | -1.34 |
| Martin ratioReturn relative to average drawdown | 14.98 | 21.43 | -6.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHYL | LDRH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.43 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 1.70 | -0.98 |
Drawdowns
SHYL vs. LDRH - Drawdown Comparison
The maximum SHYL drawdown since its inception was -19.26%, which is greater than LDRH's maximum drawdown of -3.17%. Use the drawdown chart below to compare losses from any high point for SHYL and LDRH.
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Drawdown Indicators
| SHYL | LDRH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -3.17% | -16.09% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -1.23% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -4.73% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.60% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.12% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -0.24% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.30% | +0.10% |
Volatility
SHYL vs. LDRH - Volatility Comparison
Xtrackers Short Duration High Yield Bond ETF (SHYL) has a higher volatility of 0.86% compared to iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) at 0.69%. This indicates that SHYL's price experiences larger fluctuations and is considered to be riskier than LDRH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHYL | LDRH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.69% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.45% | 1.97% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 2.61% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.84% | 3.51% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.69% | 3.51% | +3.18% |
SHYL vs. LDRH - Expense Ratio Comparison
SHYL has a 0.20% expense ratio, which is lower than LDRH's 0.35% expense ratio.
Dividends
SHYL vs. LDRH - Dividend Comparison
SHYL's dividend yield for the trailing twelve months is around 6.93%, which matches LDRH's 6.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 6.99% | 6.41% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 6.93% | 7.02% | 7.26% | 6.60% | 5.52% | 4.65% | 6.16% | 5.93% | 5.54% |
Frequently Asked Questions
SHYL and LDRH have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHYL has higher volatility (0.86%) compared to LDRH (0.69%). In terms of maximum drawdown, SHYL dropped -19.26% vs LDRH's -3.17%.
On 1-year performance, LDRH leads with 6.30% vs 6.02% for SHYL. On fees, SHYL is cheaper at 0.20% per year. On volatility, LDRH has been the lower-risk option at 0.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LDRH has performed better with a 6.30% return vs 6.02%. 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 LDRH.
LDRH has the higher dividend yield at 6.99%, compared with 6.93% for SHYL.
SHYL tracks Solactive USD High Yield Corporates Total Market 0-5 Year Index, while LDRH tracks BlackRock iBonds 1-5 Year High Yield and Income Ladder Index. They also come from different issuers: Deutsche Bank and iShares. Their fees differ too: 0.20% for SHYL and 0.35% for LDRH.
LDRH currently has the higher Sharpe Ratio (2.43 vs 1.89), 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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