SHYTX vs. ISHYX
Compare and contrast key facts about DWS Strategic High Yield Tax (SHYTX) and Invesco Short Duration High Yield Municipal Fund (ISHYX).
SHYTX is managed by DWS. It was launched on Jan 21, 1987. ISHYX is managed by Invesco. It was launched on Sep 29, 2015.
Performance
SHYTX vs. ISHYX - Performance Comparison
Loading graphics...
SHYTX vs. ISHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHYTX DWS Strategic High Yield Tax | -0.15% | 4.05% | 5.47% | 7.64% | -17.22% | 5.44% | 5.04% | 9.64% | -0.46% | 5.99% |
ISHYX Invesco Short Duration High Yield Municipal Fund | 0.35% | 3.92% | 6.43% | 3.58% | -8.99% | 5.96% | -0.31% | 7.84% | 2.27% | 8.04% |
Returns By Period
In the year-to-date period, SHYTX achieves a -0.15% return, which is significantly lower than ISHYX's 0.35% return. Over the past 10 years, SHYTX has underperformed ISHYX with an annualized return of 2.19%, while ISHYX has yielded a comparatively higher 2.86% annualized return.
SHYTX
- 1D
- 0.39%
- 1M
- -1.78%
- YTD
- -0.15%
- 6M
- 1.70%
- 1Y
- 3.79%
- 3Y*
- 4.58%
- 5Y*
- 0.41%
- 10Y*
- 2.19%
ISHYX
- 1D
- 0.21%
- 1M
- -1.37%
- YTD
- 0.35%
- 6M
- 2.07%
- 1Y
- 3.52%
- 3Y*
- 4.22%
- 5Y*
- 1.70%
- 10Y*
- 2.86%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SHYTX vs. ISHYX - Expense Ratio Comparison
Both SHYTX and ISHYX have an expense ratio of 0.59%.
Return for Risk
SHYTX vs. ISHYX — Risk / Return Rank
SHYTX
ISHYX
SHYTX vs. ISHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Strategic High Yield Tax (SHYTX) and Invesco Short Duration High Yield Municipal Fund (ISHYX). 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.
| SHYTX | ISHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 1.00 | -0.30 |
Sortino ratioReturn per unit of downside risk | 0.95 | 1.35 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.79 | 1.24 | -0.44 |
Martin ratioReturn relative to average drawdown | 2.42 | 3.93 | -1.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SHYTX | ISHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 1.00 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.56 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.86 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.23 | 0.91 | +0.32 |
Correlation
The correlation between SHYTX and ISHYX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SHYTX vs. ISHYX - Dividend Comparison
SHYTX's dividend yield for the trailing twelve months is around 5.50%, more than ISHYX's 4.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYTX DWS Strategic High Yield Tax | 5.50% | 5.59% | 4.01% | 3.14% | 2.90% | 2.88% | 4.44% | 4.87% | 4.35% | 3.49% | 4.29% | 4.79% |
ISHYX Invesco Short Duration High Yield Municipal Fund | 4.29% | 4.65% | 4.40% | 3.38% | 3.99% | 3.58% | 3.58% | 3.45% | 3.59% | 3.51% | 3.60% | 0.00% |
Drawdowns
SHYTX vs. ISHYX - Drawdown Comparison
The maximum SHYTX drawdown since its inception was -27.17%, which is greater than ISHYX's maximum drawdown of -13.64%. Use the drawdown chart below to compare losses from any high point for SHYTX and ISHYX.
Loading graphics...
Drawdown Indicators
| SHYTX | ISHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.17% | -13.64% | -13.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -3.79% | -2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -22.59% | -12.03% | -10.56% |
Max Drawdown (10Y)Largest decline over 10 years | -22.59% | -13.64% | -8.95% |
Current DrawdownCurrent decline from peak | -2.68% | -1.58% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -2.68% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.20% | +0.73% |
Volatility
SHYTX vs. ISHYX - Volatility Comparison
DWS Strategic High Yield Tax (SHYTX) has a higher volatility of 1.46% compared to Invesco Short Duration High Yield Municipal Fund (ISHYX) at 0.73%. This indicates that SHYTX's price experiences larger fluctuations and is considered to be riskier than ISHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SHYTX | ISHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 0.73% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 1.41% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 3.82% | +2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.18% | 3.06% | +2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 3.32% | +1.68% |