SHY vs EEM

Comparison between ISHARES 1-3 YEAR TREASURY BOND ETF (SHY, ETF) and ISHARES MSCI EMERGING MARKETS ETF (EEM, ETF).

5-Year PerformanceEEM has outperformed SHY, delivering a return of +6.9% compared to +1.7%

SHY vs EEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHY(ETF)	EEM(ETF)
Net Assets	$25B	$25B
Expense Ratio	0.15%	0.72%
Max Drawdown	7.25%	67.23%
Sharpe Ratio	-0.22	2.27
5Y Beta	-0.00	0.79
5Y Dividends CAGR	44.93%	2.97%

Net Assets

SHY

$25B

Winner

EEM

$25B

Expense Ratio

Winner

SHY

0.15%

EEM

0.72%

Max Drawdown

Winner

SHY

7.25%

EEM

67.23%

Sharpe Ratio

SHY

-0.22

Winner

EEM

2.27

5Y Beta

Winner

SHY

-0.00

EEM

0.79

5Y Dividends CAGR

Winner

SHY

44.93%

EEM

2.97%

SHY vs EEM - Historical Returns

Returns include dividend reinvestment.

Period	SHY	EEM
1 month	+0.15%	+12.41%
3 months	+0.16%	+12.28%
6 months	+1.14%	+26.34%
1 year	+3.57%	+55.97%
5 years(CAGR)	+1.73%	+6.91%
10 years(CAGR)	+1.65%	+10.11%
Max(CAGR)	+1.96%	+10.19%

SHY

+0.15%

Winner

EEM

+12.41%

SHY

+0.16%

Winner

EEM

+12.28%

SHY

+1.14%

Winner

EEM

+26.34%

SHY

+3.57%

Winner

EEM

+55.97%

5Y(CAGR)

SHY

+1.73%

Winner

EEM

+6.91%

10Y(CAGR)

SHY

+1.65%

Winner

EEM

+10.11%

Max(CAGR)

SHY

+1.96%

Winner

EEM

+10.19%

SHY vs EEM - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	SHY	EEM
2026	+0.49%	+20.80%
2025	+4.98%	+34.17%
2024	+4.04%	+7.76%
2023	+4.07%	+8.08%
2022	-3.77%	-21.12%
2021	-0.73%	-4.23%
2020	+2.99%	+14.71%
2019	+3.37%	+17.90%
2018	+1.50%	-16.88%
2017	+0.34%	+35.65%
2016	+0.69%	+13.99%
2015	+0.32%	-15.06%
2014	+0.40%	-0.08%
2013	+0.24%	-5.57%
2012	+0.34%	+15.57%
2011	+1.46%	-19.59%
2010	+2.14%	+13.21%
2009	+0.89%	+61.25%
2008	+6.42%	-48.03%
2007	+7.24%	+32.18%
2006	+3.75%	+26.46%
2005	+1.52%	+34.01%
2004	+0.91%	+21.91%
2003	+2.19%	+63.14%
2002	+2.03%	N/A

SHY vs EEM Drawdown Comparison

The maximum drawdown for SHY was -5.71%, occurring on Oct 20, 2022. Recovery took 713 trading sessions.

The maximum drawdown for EEM was -66.45%, occurring on Nov 20, 2008. Recovery took 2488 trading sessions.

The current SHY drawdown is -0.20%.

Rank	SHY	EEM
#1	-5.71% Aug 2, 2021 - Jun 3, 2024	-66.45% Oct 31, 2007 - Sep 19, 2017
#2	-2.23% Mar 17, 2008 - Sep 15, 2008	-39.80% Feb 17, 2021 - Sep 11, 2025
#3	-1.90% Mar 24, 2004 - Oct 20, 2004	-38.22% Jan 26, 2018 - Nov 24, 2020
#4	-1.19% Dec 30, 2008 - Jul 8, 2009	-26.24% May 9, 2006 - Dec 4, 2006
#5	-1.07% Sep 7, 2017 - Nov 28, 2018	-21.38% Apr 12, 2004 - Nov 4, 2004
#6	-0.99% Jul 5, 2016 - Aug 11, 2017	-17.73% Jul 23, 2007 - Sep 21, 2007
#7	-0.98% Jun 13, 2003 - Sep 30, 2003	-13.52% Feb 25, 2026 - Apr 17, 2026
#8	-0.97% Sep 24, 2024 - Jan 27, 2025	-12.02% Oct 3, 2005 - Dec 1, 2005
#9	-0.89% Feb 27, 2026 - Mar 26, 2026	-11.97% Mar 7, 2005 - Jul 12, 2005
#10	-0.88% Sep 17, 2008 - Oct 2, 2008	-11.25% Feb 21, 2007 - Apr 3, 2007
#11	-0.87% Oct 25, 2004 - May 5, 2005	-8.02% Jan 31, 2006 - Apr 3, 2006
#12	-0.87% Dec 1, 2009 - Feb 5, 2010	-7.27% Mar 1, 2004 - Apr 2, 2004
#13	-0.81% Nov 1, 2010 - May 3, 2011	-5.94% Jan 3, 2007 - Jan 24, 2007
#14	-0.80% Oct 9, 2002 - Oct 31, 2002	-5.72% Aug 10, 2005 - Sep 6, 2005
#15	-0.75% Jul 10, 2009 - Aug 28, 2009	-5.42% Dec 31, 2004 - Feb 1, 2005

Correlation

Correlation between SHY and EEM is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (2002 - 2026)

SHY vs EEM dividend yield comparison.

Year	SHY	EEM
2026	1.17%	0.00%
2025	3.81%	2.22%
2024	3.92%	2.43%
2023	2.99%	2.63%
2022	1.30%	2.50%
2021	0.26%	1.99%
2020	0.94%	1.45%
2019	2.12%	2.76%
2018	1.72%	2.24%
2017	0.98%	1.88%
2016	0.71%	1.89%
2015	0.54%	2.49%
2014	0.36%	2.23%
2013	0.26%	2.05%
2012	0.37%	1.68%
2011	0.81%	2.13%
2010	1.03%	1.36%
2009	2.41%	1.40%
2008	3.41%	3.43%
2007	4.27%	1.30%
2006	4.13%	1.38%
2005	3.05%	1.12%
2004	1.94%	1.20%
2003	1.59%	0.50%
2002	0.78%	0.00%