SHYL vs. SHY
Compare and contrast key facts about Xtrackers Short Duration High Yield Bond ETF (SHYL) and iShares 1-3 Year Treasury Bond ETF (SHY).
SHYL and SHY 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. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002. Both SHYL and SHY 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 SHY.
Performance
SHYL vs. SHY - Performance Comparison
Returns By Period
In the year-to-date period, SHYL achieves a 8.31% return, which is significantly higher than SHY's 3.27% return.
SHYL
8.31%
0.91%
6.42%
12.06%
4.85%
N/A
SHY
3.27%
-0.14%
2.83%
4.79%
1.17%
1.17%
Key characteristics
| SHYL | SHY | |
|---|---|---|
| Sharpe Ratio | 3.29 | 2.56 |
| Sortino Ratio | 5.27 | 4.07 |
| Omega Ratio | 1.66 | 1.52 |
| Calmar Ratio | 6.73 | 2.21 |
| Martin Ratio | 27.09 | 12.40 |
| Ulcer Index | 0.45% | 0.39% |
| Daily Std Dev | 3.67% | 1.87% |
| Max Drawdown | -19.26% | -5.71% |
| Current Drawdown | -0.30% | -0.87% |
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SHYL vs. SHY - Expense Ratio Comparison
SHYL has a 0.20% expense ratio, which is higher than SHY's 0.15% 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%.
Correlation
The correlation between SHYL and SHY is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
SHYL vs. SHY - 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 1-3 Year Treasury Bond ETF (SHY). 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. SHY - Dividend Comparison
SHYL's dividend yield for the trailing twelve months is around 7.17%, more than SHY's 3.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYL Xtrackers Short Duration High Yield Bond ETF | 7.17% | 6.60% | 5.52% | 4.66% | 6.16% | 5.93% | 5.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.86% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.72% | 0.54% | 0.36% | 0.26% |
Drawdowns
SHYL vs. SHY - Drawdown Comparison
The maximum SHYL drawdown since its inception was -19.26%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for SHYL and SHY. For additional features, visit the drawdowns tool.
Volatility
SHYL vs. SHY - Volatility Comparison
Xtrackers Short Duration High Yield Bond ETF (SHYL) has a higher volatility of 0.82% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.39%. This indicates that SHYL's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.