SLQD vs. SHY
Compare and contrast key facts about iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and iShares 1-3 Year Treasury Bond ETF (SHY).
SLQD and SHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLQD is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid Investment Grade 0-5 Index. It was launched on Oct 15, 2013. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002. Both SLQD and SHY 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: SLQD or SHY.
Performance
SLQD vs. SHY - Performance Comparison
Returns By Period
In the year-to-date period, SLQD achieves a 4.38% return, which is significantly higher than SHY's 3.28% return. Over the past 10 years, SLQD has outperformed SHY with an annualized return of 2.22%, while SHY has yielded a comparatively lower 1.18% annualized return.
SLQD
4.38%
-0.16%
3.45%
6.57%
2.04%
2.22%
SHY
3.28%
-0.19%
2.88%
4.80%
1.17%
1.18%
Key characteristics
| SLQD | SHY | |
|---|---|---|
| Sharpe Ratio | 3.28 | 2.57 |
| Sortino Ratio | 5.41 | 4.09 |
| Omega Ratio | 1.71 | 1.53 |
| Calmar Ratio | 3.97 | 2.22 |
| Martin Ratio | 21.00 | 12.59 |
| Ulcer Index | 0.32% | 0.38% |
| Daily Std Dev | 2.02% | 1.87% |
| Max Drawdown | -12.69% | -5.71% |
| Current Drawdown | -0.68% | -0.86% |
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SLQD vs. SHY - Expense Ratio Comparison
SLQD has a 0.06% expense ratio, which is lower than SHY's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between SLQD and SHY is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
SLQD vs. SHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and iShares 1-3 Year Treasury Bond ETF (SHY). 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
SLQD vs. SHY - Dividend Comparison
SLQD's dividend yield for the trailing twelve months is around 3.60%, less than SHY's 3.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 3.60% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.56% | 1.98% | 1.81% | 1.43% | 1.24% | 0.23% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.86% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.72% | 0.54% | 0.36% | 0.26% |
Drawdowns
SLQD vs. SHY - Drawdown Comparison
The maximum SLQD drawdown since its inception was -12.69%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for SLQD and SHY. For additional features, visit the drawdowns tool.
Volatility
SLQD vs. SHY - Volatility Comparison
iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) has a higher volatility of 0.49% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.40%. This indicates that SLQD's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.