SHYG vs SPY

Comparison between ISHARES 0-5 YEAR HIGH YIELD CORPORATE BOND ETF (SHYG, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed SHYG, delivering a return of +13.3% compared to +4.9%

SHYG vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHYG(ETF)	SPY(ETF)
Net Assets	$7.50B	$652B
Expense Ratio	0.30%	0.09%
Max Drawdown	26.29%	56.47%
Sharpe Ratio	1.25	2.07
5Y Beta	0.22	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	6.98%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

SHYG

$7.50B

Winner

SPY

$652B

Expense Ratio

SHYG

0.30%

Winner

SPY

0.09%

Max Drawdown

Winner

SHYG

26.29%

SPY

56.47%

Sharpe Ratio

SHYG

1.25

Winner

SPY

2.07

5Y Beta

Winner

SHYG

0.22

SPY

1.00

P/E Ratio

SHYG

N/A

SPY

28.24

Forward P/E

SHYG

N/A

SPY

21.85

5Y Dividends CAGR

Winner

SHYG

6.98%

SPY

5.43%

5Y EPS CAGR

SHYG

N/A

SPY

25.79%

Debt to Equity

SHYG

N/A

SPY

22.35%

P/S Ratio

SHYG

N/A

SPY

3.55

P/B Ratio

SHYG

N/A

SPY

5.29

SHYG vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	SHYG	SPY
1 month	+0.58%	+9.11%
3 months	+0.88%	+6.59%
6 months	+2.93%	+10.56%
1 year	+8.05%	+32.04%
5 years(CAGR)	+4.91%	+13.35%
10 years(CAGR)	+5.35%	+15.49%
Max(CAGR)	+4.42%	+8.50%

SHYG

+0.58%

Winner

SPY

+9.11%

SHYG

+0.88%

Winner

SPY

+6.59%

SHYG

+2.93%

Winner

SPY

+10.56%

SHYG

+8.05%

Winner

SPY

+32.04%

5Y(CAGR)

SHYG

+4.91%

Winner

SPY

+13.35%

10Y(CAGR)

SHYG

+5.35%

Winner

SPY

+15.49%

Max(CAGR)

SHYG

+4.42%

Winner

SPY

+8.50%

SHYG vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SHYG	SPY
2026	+1.40%	+8.27%
2025	+7.71%	+18.00%
2024	+8.38%	+25.59%
2023	+10.24%	+26.72%
2022	-4.63%	-18.64%
2021	+4.78%	+30.52%
2020	+2.98%	+17.28%
2019	+10.08%	+31.09%
2018	+0.04%	-5.24%
2017	+4.86%	+20.78%
2016	+12.94%	+13.59%
2015	-3.10%	+1.31%
2014	+0.23%	+14.56%
2013	+1.99%	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

SHYG vs SPY Drawdown Comparison

The maximum drawdown for SHYG was -19.27%, occurring on Mar 23, 2020. Recovery took 192 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current SHYG drawdown is -0.02%.

Rank	SHYG	SPY
#1	-19.27% Feb 14, 2020 - Nov 17, 2020	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-10.32% May 29, 2015 - Jul 8, 2016	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-9.39% Dec 27, 2021 - Jul 13, 2023	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-5.15% Jun 23, 2014 - Apr 9, 2015	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-5.04% Oct 1, 2018 - Jan 31, 2019	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-4.53% Feb 28, 2025 - May 12, 2025	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-2.69% Oct 24, 2016 - Dec 6, 2016	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-2.39% Sep 1, 2023 - Nov 3, 2023	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-1.86% Jan 26, 2018 - Apr 12, 2018	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-1.75% Feb 2, 2026 - Apr 8, 2026	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-1.74% Mar 27, 2024 - May 3, 2024	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-1.61% Nov 5, 2021 - Dec 23, 2021	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-1.57% Mar 1, 2017 - Apr 20, 2017	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-1.48% May 3, 2019 - Jun 18, 2019	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-1.38% Oct 20, 2017 - Jan 3, 2018	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between SHYG and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.

0.99

-101

Dividend Comparison (1999 - 2026)

SHYG vs SPY dividend yield comparison.

Year	SHYG	SPY
2026	2.33%	0.24%
2025	7.03%	1.07%
2024	6.93%	1.21%
2023	6.54%	1.40%
2022	5.57%	1.65%
2021	4.83%	1.20%
2020	5.07%	1.52%
2019	5.33%	1.75%
2018	5.90%	2.04%
2017	5.49%	1.80%
2016	5.53%	2.03%
2015	5.17%	2.06%
2014	4.33%	1.87%
2013	0.85%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%