SIHY vs. SHYG
Compare and contrast key facts about Harbor Scientific Alpha High-Yield ETF (SIHY) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG).
SIHY and SHYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIHY is a passively managed fund by Harbor that tracks the performance of the ICE BofA US High Yield. It was launched on Sep 14, 2021. SHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid High Yield 0-5 Index. It was launched on Oct 15, 2013. Both SIHY and SHYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SIHY or SHYG.
Correlation
The correlation between SIHY and SHYG is 0.93, 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.
Performance
SIHY vs. SHYG - Performance Comparison
Key characteristics
SIHY:
2.14
SHYG:
2.78
SIHY:
3.13
SHYG:
4.12
SIHY:
1.39
SHYG:
1.53
SIHY:
4.82
SHYG:
5.49
SIHY:
15.63
SHYG:
22.88
SIHY:
0.64%
SHYG:
0.42%
SIHY:
4.70%
SHYG:
3.44%
SIHY:
-13.30%
SHYG:
-19.27%
SIHY:
-0.37%
SHYG:
-0.16%
Returns By Period
In the year-to-date period, SIHY achieves a 1.37% return, which is significantly lower than SHYG's 1.60% return.
SIHY
1.37%
1.21%
4.85%
9.56%
N/A
N/A
SHYG
1.60%
1.30%
5.21%
9.14%
4.43%
4.48%
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SIHY vs. SHYG - Expense Ratio Comparison
SIHY has a 0.48% expense ratio, which is higher than SHYG's 0.30% expense ratio.
Risk-Adjusted Performance
SIHY vs. SHYG — Risk-Adjusted Performance Rank
SIHY
SHYG
SIHY vs. SHYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Scientific Alpha High-Yield ETF (SIHY) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG). 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.
Dividends
SIHY vs. SHYG - Dividend Comparison
SIHY's dividend yield for the trailing twelve months is around 7.43%, more than SHYG's 6.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIHY Harbor Scientific Alpha High-Yield ETF | 7.43% | 7.54% | 7.06% | 6.32% | 1.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 6.91% | 6.93% | 6.54% | 5.57% | 4.84% | 5.07% | 5.32% | 5.90% | 5.49% | 5.53% | 5.17% | 4.33% |
Drawdowns
SIHY vs. SHYG - Drawdown Comparison
The maximum SIHY drawdown since its inception was -13.30%, smaller than the maximum SHYG drawdown of -19.27%. Use the drawdown chart below to compare losses from any high point for SIHY and SHYG. For additional features, visit the drawdowns tool.
Volatility
SIHY vs. SHYG - Volatility Comparison
Harbor Scientific Alpha High-Yield ETF (SIHY) has a higher volatility of 1.58% compared to iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) at 1.12%. This indicates that SIHY's price experiences larger fluctuations and is considered to be riskier than SHYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.