SHYL vs. USD
SHYL (Xtrackers Short Duration High Yield Bond ETF) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - SHYL is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market 0-5 Year Index, while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past 5 years, SHYL returned 4.82%/yr vs 63.17%/yr for USD. A 0.53 correlation means they provide meaningful diversification when combined. SHYL charges 0.20%/yr vs 0.95%/yr for USD.
Performance
SHYL vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, SHYL achieves a 1.35% return, which is significantly lower than USD's 83.22% return.
SHYL
- 1D
- -0.01%
- 1M
- 0.36%
- YTD
- 1.35%
- 6M
- 1.42%
- 1Y
- 5.22%
- 3Y*
- 8.43%
- 5Y*
- 4.82%
- 10Y*
- —
USD
- 1D
- -0.77%
- 1M
- 0.95%
- YTD
- 83.22%
- 6M
- 78.17%
- 1Y
- 185.84%
- 3Y*
- 113.73%
- 5Y*
- 63.17%
- 10Y*
- 60.90%
SHYL vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SHYL Xtrackers Short Duration High Yield Bond ETF | 1.35% | 7.78% | 8.52% | 11.39% | -5.21% | 4.60% | 3.64% | 10.16% | -0.67% |
USD ProShares Ultra Semiconductors | 83.22% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -32.21% |
Correlation
The correlation between SHYL and USD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2018 | 0.53 |
The correlation between SHYL and USD shifts across timeframes, from 0.36 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SHYL vs. USD — Risk / Return Rank
SHYL
USD
SHYL vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Short Duration High Yield Bond ETF (SHYL) and ProShares Ultra Semiconductors (USD). 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 | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 5.88 | -2.59 |
| Martin ratioReturn relative to average drawdown | 12.88 | 16.26 | -3.38 |
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Drawdowns
SHYL vs. USD - Drawdown Comparison
The maximum SHYL drawdown since its inception was -19.26%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for SHYL and USD.
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Drawdown Indicators
| SHYL | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -88.63% | +69.37% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -31.80% | +30.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.73% | -64.46% | +59.73% |
Max Drawdown (5Y)Largest decline over 5 years | -9.60% | -77.85% | +68.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -0.19% | -15.35% | +15.16% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -32.29% | +30.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 11.48% | -11.07% |
Volatility
SHYL vs. USD - Volatility Comparison
The current volatility for Xtrackers Short Duration High Yield Bond ETF (SHYL) is 0.74%, while ProShares Ultra Semiconductors (USD) has a volatility of 34.08%. This indicates that SHYL experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHYL | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 34.08% | -33.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 53.79% | -51.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 67.97% | -64.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 77.72% | -71.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 69.82% | -63.15% |
SHYL vs. USD - Expense Ratio Comparison
SHYL has a 0.20% expense ratio, which is lower than USD's 0.95% expense ratio.
Dividends
SHYL vs. USD - Dividend Comparison
SHYL's dividend yield for the trailing twelve months is around 6.92%, more than USD's 0.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.25% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
SHYL and USD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (34.08%) compared to SHYL (0.74%). In terms of maximum drawdown, SHYL dropped -19.26% vs USD's -88.63%.
On 5-year performance, USD leads with 63.17% vs 4.82% for SHYL. On fees, SHYL is cheaper at 0.20% per year. On volatility, SHYL has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USD has performed better with a 63.17% return vs 4.82%. 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 0.95% for USD.
SHYL has the higher dividend yield at 6.92%, compared with 0.25% for USD.
SHYL is categorized as High Yield Bonds, while USD is Leveraged Equities. SHYL tracks Solactive USD High Yield Corporates Total Market 0-5 Year Index, while USD tracks Dow Jones U.S. Semiconductors Index (200%). They also come from different issuers: Deutsche Bank and ProShares. Their fees differ too: 0.20% for SHYL and 0.95% for USD.
USD currently has the higher Sharpe Ratio (2.76 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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