Correlation
The correlation between SHYTX and BIAEX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
SHYTX vs. BIAEX
Compare and contrast key facts about DWS Strategic High Yield Tax (SHYTX) and Brown Advisory Tax Exempt Bond Fund (BIAEX).
SHYTX is managed by DWS. It was launched on Jan 21, 1987. BIAEX is managed by Brown Advisory Funds. It was launched on Jun 28, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHYTX or BIAEX.
Performance
SHYTX vs. BIAEX - Performance Comparison
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Key characteristics
SHYTX:
0.75
BIAEX:
0.73
SHYTX:
0.93
BIAEX:
0.91
SHYTX:
1.16
BIAEX:
1.15
SHYTX:
0.74
BIAEX:
0.67
SHYTX:
2.49
BIAEX:
2.20
SHYTX:
1.87%
BIAEX:
1.36%
SHYTX:
6.72%
BIAEX:
4.56%
SHYTX:
-27.13%
BIAEX:
-12.84%
SHYTX:
-3.67%
BIAEX:
-2.13%
Returns By Period
In the year-to-date period, SHYTX achieves a -1.87% return, which is significantly lower than BIAEX's -0.57% return. Over the past 10 years, SHYTX has outperformed BIAEX with an annualized return of 2.85%, while BIAEX has yielded a comparatively lower 2.29% annualized return.
SHYTX
-1.87%
-0.87%
-3.23%
4.55%
3.39%
3.05%
2.85%
BIAEX
-0.57%
-0.11%
-1.62%
2.85%
2.45%
1.63%
2.29%
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SHYTX vs. BIAEX - Expense Ratio Comparison
SHYTX has a 0.59% expense ratio, which is higher than BIAEX's 0.46% expense ratio.
Risk-Adjusted Performance
SHYTX vs. BIAEX — Risk-Adjusted Performance Rank
SHYTX
BIAEX
SHYTX vs. BIAEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Strategic High Yield Tax (SHYTX) and Brown Advisory Tax Exempt Bond Fund (BIAEX). 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.
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Dividends
SHYTX vs. BIAEX - Dividend Comparison
SHYTX's dividend yield for the trailing twelve months is around 6.53%, more than BIAEX's 3.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYTX DWS Strategic High Yield Tax | 6.53% | 6.49% | 4.91% | 5.32% | 3.46% | 4.68% | 4.26% | 4.05% | 3.98% | 4.49% | 4.72% | 4.76% |
BIAEX Brown Advisory Tax Exempt Bond Fund | 3.65% | 4.00% | 3.81% | 3.01% | 2.98% | 2.54% | 3.01% | 3.27% | 3.08% | 2.81% | 2.00% | 1.95% |
Drawdowns
SHYTX vs. BIAEX - Drawdown Comparison
The maximum SHYTX drawdown since its inception was -27.13%, which is greater than BIAEX's maximum drawdown of -12.84%. Use the drawdown chart below to compare losses from any high point for SHYTX and BIAEX.
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Volatility
SHYTX vs. BIAEX - Volatility Comparison
DWS Strategic High Yield Tax (SHYTX) has a higher volatility of 0.95% compared to Brown Advisory Tax Exempt Bond Fund (BIAEX) at 0.56%. This indicates that SHYTX's price experiences larger fluctuations and is considered to be riskier than BIAEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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