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TRV vs. SHY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TRV vs. SHY

Last updated Jun 13, 2026

TRV (The Travelers Companies, Inc.) is a stock, while SHY (iShares 1-3 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Over the past 10 years, TRV returned 12.87%/yr vs 1.65%/yr for SHY. At a correlation of -0.15, they often move in opposite directions.

Performance

TRV vs. SHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Travelers Companies, Inc. (TRV) and iShares 1-3 Year Treasury Bond ETF (SHY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TRV achieves a 5.79% return, which is significantly higher than SHY's 0.55% return. Over the past 10 years, TRV has outperformed SHY with an annualized return of 12.87%, while SHY has yielded a comparatively lower 1.65% annualized return.

TRV

1D
0.18%
1M
3.63%
YTD
5.79%
6M
7.55%
1Y
16.30%
3Y*
22.19%
5Y*
16.78%
10Y*
12.87%

SHY

1D
-0.02%
1M
0.15%
YTD
0.55%
6M
0.80%
1Y
3.22%
3Y*
4.15%
5Y*
1.74%
10Y*
1.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TRV vs. SHY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TRV
The Travelers Companies, Inc.		5.79%22.38%28.76%3.93%22.42%13.96%5.31%17.00%-9.64%13.36%
SHY
iShares 1-3 Year Treasury Bond ETF		0.55%4.95%3.92%4.16%-3.88%-0.71%3.03%3.38%1.46%0.26%

Correlation

The correlation between TRV and SHY is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.15

Correlation (3Y)
Calculated over the trailing 3-year period

0.05

Correlation (5Y)
Calculated over the trailing 5-year period

-0.00

Correlation (10Y)
Calculated over the trailing 10-year period

-0.06

Correlation (All Time)
Calculated using the full available price history since Jul 26, 2002

-0.15

The correlation between TRV and SHY shifts across timeframes, from -0.15 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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The Travelers Companies, Inc.

iShares 1-3 Year Treasury Bond ETF

Often compared with TRV:
TRV vs. CBTRV vs. SPYTRV vs. VOOTRV vs. ICETRV vs. KBWPTRV vs. FCFSTRV vs. MRK
Often compared with SHY:
SHY vs. SGOVSHY vs. VGSHSHY vs. SHVSHY vs. TLTSHY vs. IEFSHY vs. BILSHY vs. BSV

Return for Risk

TRV vs. SHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TRV
TRV Risk / Return Rank: 7070
Overall Rank
TRV Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
TRV Sortino Ratio Rank: 6565
Sortino Ratio Rank
TRV Omega Ratio Rank: 6262
Omega Ratio Rank
TRV Calmar Ratio Rank: 7676
Calmar Ratio Rank
TRV Martin Ratio Rank: 7676
Martin Ratio Rank
SHY
SHY Risk / Return Rank: 8686
Overall Rank
SHY Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
SHY Sortino Ratio Rank: 9292
Sortino Ratio Rank
SHY Omega Ratio Rank: 8989
Omega Ratio Rank
SHY Calmar Ratio Rank: 8080
Calmar Ratio Rank
SHY Martin Ratio Rank: 8383
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRV vs. SHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Travelers Companies, Inc. (TRV) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

TRVSHYDifference
Sharpe ratioReturn per unit of total volatility
0.88
2.43

-1.55

Sortino ratioReturn per unit of downside risk
1.35
3.97

-2.63

Omega ratioGain probability vs. loss probability

1.16

1.50

-0.33

Calmar ratioReturn relative to maximum drawdown

1.97

3.64

-1.67

Martin ratioReturn relative to average drawdown

4.83

14.45

-9.62

TRV vs. SHY - Sharpe Ratio Comparison

The current TRV Sharpe Ratio is 0.88, which is lower than the SHY Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of TRV and SHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TRV vs. SHY - Drawdown Comparison

The maximum TRV drawdown since its inception was -55.11%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for TRV and SHY.

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Drawdown Indicators

TRVSHYDifference

Max Drawdown

Largest peak-to-trough decline

-55.11%

-5.71%

-49.40%

Max Drawdown (1Y)

Largest decline over 1 year

-8.31%

-0.89%

-7.42%

Max Drawdown (3Y)

Largest decline over 3 years

-12.47%

-0.97%

-11.50%

Max Drawdown (5Y)

Largest decline over 5 years

-18.90%

-5.71%

-13.19%

Max Drawdown (10Y)

Largest decline over 10 years

-46.28%

-5.71%

-40.57%

Current Drawdown

Current decline from peak

-1.66%

-0.18%

-1.48%

Average Drawdown

Average peak-to-trough decline

-11.11%

-0.52%

-10.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.39%

0.22%

+3.17%

Volatility

TRV vs. SHY - Volatility Comparison

The Travelers Companies, Inc. (TRV) has a higher volatility of 6.11% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.40%. This indicates that TRV'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.

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Volatility by Period

TRVSHYDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.11%

0.40%

+5.71%

Volatility (6M)

Calculated over the trailing 6-month period

12.74%

0.95%

+11.79%

Volatility (1Y)

Calculated over the trailing 1-year period

18.63%

1.33%

+17.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.87%

1.99%

+19.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.40%

1.57%

+22.83%

Dividends

TRV vs. SHY - Dividend Comparison

TRV's dividend yield for the trailing twelve months is around 1.49%, less than SHY's 3.68% yield.

PositionTTM20252024202320222021202020192018201720162015
SHY
iShares 1-3 Year Treasury Bond ETF		3.68%3.81%3.92%2.99%1.30%0.26%0.94%2.12%1.72%0.98%0.71%0.54%
TRV
The Travelers Companies, Inc.		1.49%1.50%1.72%2.06%1.96%2.23%2.40%2.36%2.53%2.09%2.14%2.11%

Frequently Asked Questions

TRV and SHY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TRV has higher volatility (6.11%) compared to SHY (0.40%). In terms of maximum drawdown, TRV dropped -55.11% vs SHY's -5.71%.

SHY currently has the higher Sharpe Ratio (2.43 vs 0.88), 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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