HYLB vs SHM

Comparison between XTRACKERS USD HIGH YIELD CORPORATE BOND ETF (HYLB, ETF) and STATE STREET(R) SPDR NUVEEN ICE SHORT TERM MUNICIPAL BOND ETF (SHM, ETF).

5-Year PerformanceHYLB has outperformed SHM, delivering a return of +4.0% compared to +0.9%

HYLB vs SHM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HYLB(ETF)	SHM(ETF)
Net Assets	$3.40B	$3.40B
Expense Ratio	0.05%	0.20%
Max Drawdown	24.69%	11.61%
Sharpe Ratio	0.68	-0.26
5Y Beta	0.23	0.01
5Y Dividends CAGR	3.73%	18.73%

Net Assets

HYLB

$3.40B

SHM

$3.40B

Expense Ratio

Winner

HYLB

0.05%

SHM

0.20%

Max Drawdown

HYLB

24.69%

Winner

SHM

11.61%

Sharpe Ratio

Winner

HYLB

0.68

SHM

-0.26

5Y Beta

HYLB

0.23

Winner

SHM

0.01

5Y Dividends CAGR

HYLB

3.73%

Winner

SHM

18.73%

HYLB vs SHM - Historical Returns

Returns include dividend reinvestment.

Period	HYLB	SHM
1 month	-0.11%	+0.37%
3 months	+0.76%	-0.09%
6 months	+1.58%	+1.13%
1 year	+6.46%	+3.36%
5 years(CAGR)	+3.96%	+0.91%
10 years(CAGR)	+4.70%	+1.19%
Max(CAGR)	+4.70%	+1.80%

HYLB

-0.11%

Winner

SHM

+0.37%

Winner

HYLB

+0.76%

SHM

-0.09%

Winner

HYLB

+1.58%

SHM

+1.13%

Winner

HYLB

+6.46%

SHM

+3.36%

5Y(CAGR)

Winner

HYLB

+3.96%

SHM

+0.91%

10Y(CAGR)

Winner

HYLB

+4.70%

SHM

+1.19%

Max(CAGR)

Winner

HYLB

+4.70%

SHM

+1.80%

HYLB vs SHM - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	HYLB	SHM
2026	+1.11%	+0.74%
2025	+8.50%	+3.86%
2024	+8.54%	+1.22%
2023	+11.78%	+2.81%
2022	-10.78%	-3.80%
2021	+4.10%	-0.37%
2020	+4.63%	+2.53%
2019	+14.30%	+3.60%
2018	-1.98%	+1.42%
2017	+5.57%	+1.01%
2016	+0.34%	-0.49%
2015	N/A	+1.13%
2014	N/A	+1.01%
2013	N/A	+1.27%
2012	N/A	+1.32%
2011	N/A	+3.76%
2010	N/A	+1.19%
2009	N/A	+4.28%
2008	N/A	+5.83%
2007	N/A	+1.61%

HYLB vs SHM Drawdown Comparison

The maximum drawdown for HYLB was -22.91%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.

The maximum drawdown for SHM was -11.61%, occurring on Mar 19, 2020. Recovery took 50 trading sessions.

The current HYLB drawdown is -0.55%. The current SHM drawdown is -0.37%.

Rank	HYLB	SHM
#1	-22.91% Feb 14, 2020 - Oct 12, 2020	-11.61% Mar 9, 2020 - May 19, 2020
#2	-15.54% Dec 27, 2021 - Dec 27, 2023	-6.97% Sep 23, 2008 - Dec 5, 2008
#3	-6.07% Oct 1, 2018 - Jan 31, 2019	-6.67% Aug 3, 2021 - Sep 5, 2024
#4	-4.51% Feb 28, 2025 - May 12, 2025	-3.50% Aug 31, 2010 - May 6, 2011
#5	-2.87% Jan 5, 2018 - Jul 25, 2018	-3.07% Feb 13, 2008 - Mar 18, 2008
#6	-2.38% Mar 2, 2017 - Apr 25, 2017	-2.70% Aug 22, 2016 - Aug 2, 2017
#7	-2.35% Nov 5, 2021 - Dec 23, 2021	-2.63% Apr 23, 2013 - Oct 23, 2013
#8	-2.28% Mar 27, 2024 - May 6, 2024	-2.07% Sep 5, 2017 - Jan 11, 2019
#9	-2.27% Feb 20, 2026 - Apr 8, 2026	-1.87% Feb 13, 2009 - Apr 16, 2009
#10	-2.15% Oct 12, 2020 - Nov 4, 2020	-1.75% Mar 18, 2008 - Aug 15, 2008
#11	-1.93% Feb 12, 2021 - Apr 6, 2021	-1.67% Sep 6, 2011 - Jan 11, 2012
#12	-1.89% Apr 26, 2019 - Jun 10, 2019	-1.67% Apr 4, 2025 - Jun 12, 2025
#13	-1.87% Oct 23, 2017 - Jan 3, 2018	-1.31% Oct 3, 2024 - Feb 25, 2025
#14	-1.74% Dec 6, 2024 - Jan 17, 2025	-1.24% Sep 17, 2008 - Sep 23, 2008
#15	-1.60% Jul 3, 2019 - Aug 26, 2019	-1.13% Feb 26, 2026 - Mar 24, 2026

Correlation

Correlation between HYLB and SHM is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2007 - 2026)

HYLB vs SHM dividend yield comparison.

Year	HYLB	SHM
2026	2.72%	1.11%
2025	6.29%	2.61%
2024	6.31%	2.06%
2023	5.84%	1.15%
2022	5.53%	0.69%
2021	4.45%	0.86%
2020	5.23%	1.24%
2019	5.71%	1.40%
2018	5.95%	1.23%
2017	5.85%	1.06%
2016	0.27%	0.94%
2015	0.00%	0.92%
2014	0.00%	0.93%
2013	0.00%	0.97%
2012	0.00%	1.40%
2011	0.00%	1.60%
2010	0.00%	1.91%
2009	0.00%	2.03%
2008	0.00%	2.59%
2007	0.00%	0.72%