USSG vs. SHYL
USSG (Xtrackers MSCI USA ESG Leaders Equity ETF) and SHYL (Xtrackers Short Duration High Yield Bond ETF) are both exchange-traded funds - USSG is a Large Cap Growth Equities fund tracking the MSCI USA ESG Leaders, while SHYL is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market 0-5 Year Index. Both are passively managed. Over the past 5 years, USSG returned 13.79%/yr vs 4.87%/yr for SHYL. A 0.70 correlation means they provide meaningful diversification when combined. USSG charges 0.10%/yr vs 0.20%/yr for SHYL.
Performance
USSG vs. SHYL - Performance Comparison
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Returns By Period
In the year-to-date period, USSG achieves a 9.51% return, which is significantly higher than SHYL's 1.15% return.
USSG
- 1D
- -0.80%
- 1M
- 4.67%
- YTD
- 9.51%
- 6M
- 10.19%
- 1Y
- 27.90%
- 3Y*
- 22.38%
- 5Y*
- 13.79%
- 10Y*
- —
SHYL
- 1D
- -0.20%
- 1M
- 0.16%
- YTD
- 1.15%
- 6M
- 1.57%
- 1Y
- 6.04%
- 3Y*
- 8.28%
- 5Y*
- 4.87%
- 10Y*
- —
USSG vs. SHYL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
USSG Xtrackers MSCI USA ESG Leaders Equity ETF | 9.51% | 18.97% | 23.45% | 29.17% | -20.33% | 31.83% | 18.71% | 19.24% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 1.15% | 7.78% | 8.52% | 11.39% | -5.21% | 4.60% | 3.64% | 5.11% |
Correlation
The correlation between USSG and SHYL is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.70 |
The correlation between USSG and SHYL has been stable across timeframes, ranging from 0.61 to 0.70 - a consistent structural relationship.
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Return for Risk
USSG vs. SHYL — Risk / Return Rank
USSG
SHYL
USSG vs. SHYL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) and Xtrackers Short Duration High Yield Bond ETF (SHYL). 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.
| USSG | SHYL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 3.81 | -1.31 |
| Martin ratioReturn relative to average drawdown | 10.72 | 15.01 | -4.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USSG | SHYL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 1.90 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.84 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.72 | +0.12 |
Drawdowns
USSG vs. SHYL - Drawdown Comparison
The maximum USSG drawdown since its inception was -34.10%, which is greater than SHYL's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for USSG and SHYL.
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Drawdown Indicators
| USSG | SHYL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.10% | -19.26% | -14.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.20% | -1.59% | -9.61% |
Max Drawdown (3Y)Largest decline over 3 years | -20.00% | -4.73% | -15.27% |
Max Drawdown (5Y)Largest decline over 5 years | -27.00% | -9.60% | -17.40% |
Current DrawdownCurrent decline from peak | -1.21% | -0.23% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -5.60% | -1.54% | -4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 0.40% | +2.21% |
Volatility
USSG vs. SHYL - Volatility Comparison
Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) has a higher volatility of 3.77% compared to Xtrackers Short Duration High Yield Bond ETF (SHYL) at 0.85%. This indicates that USSG's price experiences larger fluctuations and is considered to be riskier than SHYL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USSG | SHYL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 0.85% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 10.04% | 2.45% | +7.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.12% | 3.20% | +9.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 5.84% | +11.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.16% | 6.69% | +13.47% |
USSG vs. SHYL - Expense Ratio Comparison
USSG has a 0.10% expense ratio, which is lower than SHYL's 0.20% 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%.
Dividends
USSG vs. SHYL - Dividend Comparison
USSG's dividend yield for the trailing twelve months is around 0.95%, less than SHYL's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SHYL Xtrackers Short Duration High Yield Bond ETF | 6.94% | 7.02% | 7.26% | 6.60% | 5.52% | 4.65% | 6.16% | 5.93% | 5.54% |
USSG Xtrackers MSCI USA ESG Leaders Equity ETF | 0.95% | 1.02% | 1.13% | 1.60% | 1.52% | 1.13% | 1.42% | 1.21% | 0.00% |
Frequently Asked Questions
USSG and SHYL have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USSG has higher volatility (3.77%) compared to SHYL (0.85%). In terms of maximum drawdown, USSG dropped -34.10% vs SHYL's -19.26%.
On 5-year performance, USSG leads with 13.79% vs 4.87% for SHYL. On fees, USSG is cheaper at 0.10% per year. On volatility, SHYL has been the lower-risk option at 0.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USSG has performed better with a 13.79% return vs 4.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USSG is cheaper with a 0.10% expense ratio, compared with 0.20% for SHYL.
SHYL has the higher dividend yield at 6.94%, compared with 0.95% for USSG.
USSG is categorized as Large Cap Growth Equities, while SHYL is High Yield Bonds. USSG tracks MSCI USA ESG Leaders, while SHYL tracks Solactive USD High Yield Corporates Total Market 0-5 Year Index. Their fees differ too: 0.10% for USSG and 0.20% for SHYL.
USSG currently has the higher Sharpe Ratio (2.14 vs 1.90), 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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