SHYL vs. USD=X

Last updated Jun 9, 2026

SHYL (Xtrackers Short Duration High Yield Bond ETF) is High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market 0-5 Year Index, while USD=X (USD Cash) is a currency. Over the past 5 years, SHYL returned 4.82%/yr vs 0.00%/yr for USD=X.

Performance

SHYL vs. USD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Short Duration High Yield Bond ETF (SHYL) and USD Cash (USD=X). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SHYL

• 1D: -0.02%
• 1M: -0.22%
• YTD: 1.03%
• 6M: 1.62%
• 1Y: 5.92%
• 3Y*: 8.15%
• 5Y*: 4.82%
• 10Y*: —

USD=X

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.00%
• 3Y*: 0.00%
• 5Y*: 0.00%
• 10Y*: 0.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SHYL vs. USD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SHYL Xtrackers Short Duration High Yield Bond ETF	1.03%	7.78%	8.52%	11.39%	-5.21%	4.60%	3.64%	10.16%	-0.67%
USD=X USD Cash	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Return for Risk

SHYL vs. USD=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHYL

SHYL Risk / Return Rank: 72
SHYL Sharpe Ratio Rank: 62
SHYL Sortino Ratio Rank: 69
SHYL Omega Ratio Rank: 70
SHYL Calmar Ratio Rank: 80
SHYL Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHYL vs. USD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Short Duration High Yield Bond ETF (SHYL) and USD Cash (USD=X). 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	USD=X	Difference
Sharpe ratio: Return per unit of total volatility	1.86	—	—
Sortino ratio: Return per unit of downside risk	2.82	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.73	—	—
Martin ratio: Return relative to average drawdown	14.67	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SHYL	USD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	—	—

Drawdowns

SHYL vs. USD=X - Drawdown Comparison

The maximum SHYL drawdown since its inception was -19.26%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SHYL and USD=X.

Drawdown Indicators

	SHYL	USD=X	Difference
Max Drawdown Largest peak-to-trough decline	-19.26%	0.00%	-19.26%
Max Drawdown (1Y) Largest decline over 1 year	-1.59%	0.00%	-1.59%
Max Drawdown (3Y) Largest decline over 3 years	-4.73%	0.00%	-4.73%
Max Drawdown (5Y) Largest decline over 5 years	-9.60%	0.00%	-9.60%
Max Drawdown (10Y) Largest decline over 10 years	—	0.00%	—
Current Drawdown Current decline from peak	-0.35%	0.00%	-0.35%
Average Drawdown Average peak-to-trough decline	-1.54%	0.00%	-1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.40%	0.00%	+0.40%

Volatility

SHYL vs. USD=X - Volatility Comparison

Xtrackers Short Duration High Yield Bond ETF (SHYL) has a higher volatility of 0.82% compared to USD Cash (USD=X) at 0.00%. This indicates that SHYL's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHYL	USD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.82%	0.00%	+0.82%
Volatility (6M) Calculated over the trailing 6-month period	2.46%	0.00%	+2.46%
Volatility (1Y) Calculated over the trailing 1-year period	3.21%	0.00%	+3.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.84%	0.00%	+5.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.69%	0.00%	+6.69%

Frequently Asked Questions

Which is riskier, SHYL or USD=X?

SHYL has higher volatility (0.82%) compared to USD=X (0.00%). In terms of maximum drawdown, SHYL dropped -19.26% vs USD=X's 0.00%.