SHYM vs. FLTR
SHYM (iShares Short Duration High Yield Muni Active ETF) and FLTR (VanEck Vectors Investment Grade Floating Rate ETF) are both exchange-traded funds - SHYM is a High Yield Muni fund actively managed by iShares, while FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index. SHYM is actively managed, while FLTR is passively managed. Over the past 5 years, SHYM returned 0.99%/yr vs 4.49%/yr for FLTR. At a 0.06 correlation, their price movements are largely independent. SHYM charges 0.35%/yr vs 0.14%/yr for FLTR.
Performance
SHYM vs. FLTR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SHYM having a 1.93% return and FLTR slightly lower at 1.91%.
SHYM
- 1D
- 0.00%
- 1M
- 0.89%
- YTD
- 1.93%
- 6M
- 2.33%
- 1Y
- 5.18%
- 3Y*
- 6.00%
- 5Y*
- 0.99%
- 10Y*
- —
FLTR
- 1D
- -0.04%
- 1M
- 0.46%
- YTD
- 1.91%
- 6M
- 2.40%
- 1Y
- 5.30%
- 3Y*
- 6.10%
- 5Y*
- 4.49%
- 10Y*
- 3.51%
SHYM vs. FLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SHYM iShares Short Duration High Yield Muni Active ETF | 1.93% | 2.58% | 6.99% | 9.67% | -15.96% | 6.71% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 1.91% | 5.22% | 7.38% | 7.41% | 0.74% | 0.10% |
Correlation
The correlation between SHYM and FLTR is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2021 | 0.06 |
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Return for Risk
SHYM vs. FLTR — Risk / Return Rank
SHYM
FLTR
SHYM vs. FLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Duration High Yield Muni Active ETF (SHYM) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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.
| SHYM | FLTR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | 6.77 | -5.03 |
Sortino ratioReturn per unit of downside risk | 2.54 | 12.78 | -10.24 |
Omega ratioGain probability vs. loss probability | 1.35 | 3.15 | -1.80 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 16.96 | -14.63 |
Martin ratioReturn relative to average drawdown | 7.86 | 101.23 | -93.36 |
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
| SHYM | FLTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 6.77 | -5.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 2.11 | -1.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.53 | -0.26 |
Drawdowns
SHYM vs. FLTR - Drawdown Comparison
The maximum SHYM drawdown since its inception was -22.55%, which is greater than FLTR's maximum drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for SHYM and FLTR.
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Drawdown Indicators
| SHYM | FLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.55% | -17.84% | -4.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.23% | -0.31% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -8.06% | -1.93% | -6.13% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -3.06% | -19.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.84% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -0.67% | -6.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.05% | +0.61% |
Volatility
SHYM vs. FLTR - Volatility Comparison
iShares Short Duration High Yield Muni Active ETF (SHYM) has a higher volatility of 0.77% compared to VanEck Vectors Investment Grade Floating Rate ETF (FLTR) at 0.25%. This indicates that SHYM's price experiences larger fluctuations and is considered to be riskier than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHYM | FLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 0.25% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 0.62% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 0.79% | +2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 2.13% | +4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.95% | 5.00% | +1.95% |
SHYM vs. FLTR - Expense Ratio Comparison
SHYM has a 0.35% expense ratio, which is higher than FLTR's 0.14% expense ratio.
Dividends
SHYM vs. FLTR - Dividend Comparison
SHYM's dividend yield for the trailing twelve months is around 4.30%, less than FLTR's 4.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 4.73% | 4.97% | 5.93% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% |
SHYM iShares Short Duration High Yield Muni Active ETF | 4.30% | 4.55% | 4.35% | 4.35% | 4.01% | 2.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SHYM and FLTR have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHYM has higher volatility (0.77%) compared to FLTR (0.25%). In terms of maximum drawdown, SHYM dropped -22.55% vs FLTR's -17.84%.
On 5-year performance, FLTR leads with 4.49% vs 0.99% for SHYM. On fees, FLTR is cheaper at 0.14% per year. On volatility, FLTR has been the lower-risk option at 0.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLTR has performed better with a 4.49% return vs 0.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLTR is cheaper with a 0.14% expense ratio, compared with 0.35% for SHYM.
FLTR has the higher dividend yield at 4.73%, compared with 4.30% for SHYM.
SHYM is categorized as High Yield Muni, while FLTR is Corporate Bonds. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.35% for SHYM and 0.14% for FLTR.
FLTR currently has the higher Sharpe Ratio (6.77 vs 1.74), 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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