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SHYL vs. SHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SHYL and SHY is 0.18, 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.


-0.50.00.51.00.2

Performance

SHYL vs. SHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Short Duration High Yield Bond ETF (SHYL) and iShares 1-3 Year Treasury Bond ETF (SHY). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
5.44%
2.60%
SHYL
SHY

Key characteristics

Sharpe Ratio

SHYL:

2.42

SHY:

2.26

Sortino Ratio

SHYL:

3.56

SHY:

3.45

Omega Ratio

SHYL:

1.46

SHY:

1.45

Calmar Ratio

SHYL:

4.79

SHY:

4.10

Martin Ratio

SHYL:

18.55

SHY:

9.74

Ulcer Index

SHYL:

0.46%

SHY:

0.41%

Daily Std Dev

SHYL:

3.55%

SHY:

1.76%

Max Drawdown

SHYL:

-19.26%

SHY:

-5.71%

Current Drawdown

SHYL:

-0.87%

SHY:

-0.44%

Returns By Period

In the year-to-date period, SHYL achieves a 8.20% return, which is significantly higher than SHY's 3.71% return.


SHYL

YTD

8.20%

1M

-0.09%

6M

5.61%

1Y

8.59%

5Y*

4.44%

10Y*

N/A

SHY

YTD

3.71%

1M

0.35%

6M

2.64%

1Y

3.97%

5Y*

1.24%

10Y*

1.24%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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%.


SHYL
Xtrackers Short Duration High Yield Bond ETF
Expense ratio chart for SHYL: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%
Expense ratio chart for SHY: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

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.


Sharpe ratio
The chart of Sharpe ratio for SHYL, currently valued at 2.42, compared to the broader market0.002.004.002.422.26
The chart of Sortino ratio for SHYL, currently valued at 3.56, compared to the broader market-2.000.002.004.006.008.0010.003.563.45
The chart of Omega ratio for SHYL, currently valued at 1.46, compared to the broader market0.501.001.502.002.503.001.461.45
The chart of Calmar ratio for SHYL, currently valued at 4.79, compared to the broader market0.005.0010.0015.004.794.10
The chart of Martin ratio for SHYL, currently valued at 18.55, compared to the broader market0.0020.0040.0060.0080.00100.0018.559.74
SHYL
SHY

The current SHYL Sharpe Ratio is 2.42, which is comparable to the SHY Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of SHYL and SHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.002.503.003.504.00JulyAugustSeptemberOctoberNovemberDecember
2.42
2.26
SHYL
SHY

Dividends

SHYL vs. SHY - Dividend Comparison

SHYL's dividend yield for the trailing twelve months is around 7.24%, more than SHY's 3.92% yield.


TTM20232022202120202019201820172016201520142013
SHYL
Xtrackers Short Duration High Yield Bond ETF
6.59%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
3.92%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.


-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.87%
-0.44%
SHYL
SHY

Volatility

SHYL vs. SHY - Volatility Comparison

Xtrackers Short Duration High Yield Bond ETF (SHYL) has a higher volatility of 1.20% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.37%. 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.


0.40%0.60%0.80%1.00%1.20%JulyAugustSeptemberOctoberNovemberDecember
1.20%
0.37%
SHYL
SHY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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