SHYL vs PIE

Comparison between XTRACKERS SHORT DURATION HIGH YIELD BOND ETF (SHYL, ETF) and INVESCO DORSEY WRIGHT EMERGING MARKETS MOMENTUM ETF (PIE, ETF).

5-Year PerformancePIE has outperformed SHYL, delivering a return of +5.5% compared to +4.9%

SHYL vs PIE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHYL(ETF)	PIE(ETF)
Net Assets	$266M	$266M
Expense Ratio	0.20%	0.90%
Max Drawdown	21.56%	73.06%
Sharpe Ratio	0.36	1.55
5Y Beta	0.21	0.90
5Y Dividends CAGR	2.40%	18.17%

Net Assets

Winner

SHYL

$266M

PIE

$266M

Expense Ratio

Winner

SHYL

0.20%

PIE

0.90%

Max Drawdown

Winner

SHYL

21.56%

PIE

73.06%

Sharpe Ratio

SHYL

0.36

Winner

PIE

1.55

5Y Beta

Winner

SHYL

0.21

PIE

0.90

5Y Dividends CAGR

SHYL

2.40%

Winner

PIE

18.17%

SHYL vs PIE - Historical Returns

Returns include dividend reinvestment.

Period	SHYL	PIE
1 month	+0.30%	-8.76%
3 months	+0.60%	+5.92%
6 months	+1.27%	+22.10%
1 year	+4.77%	+49.53%
5 years(CAGR)	+4.92%	+5.53%
10 years(CAGR)	+4.79%	+9.29%
Max(CAGR)	+4.79%	+2.71%

Winner

SHYL

+0.30%

PIE

-8.76%

SHYL

+0.60%

Winner

PIE

+5.92%

SHYL

+1.27%

Winner

PIE

+22.10%

SHYL

+4.77%

Winner

PIE

+49.53%

5Y(CAGR)

SHYL

+4.92%

Winner

PIE

+5.53%

10Y(CAGR)

SHYL

+4.79%

Winner

PIE

+9.29%

Max(CAGR)

Winner

SHYL

+4.79%

PIE

+2.71%

SHYL vs PIE - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	SHYL	PIE
2026	+1.76%	+31.37%
2025	+7.62%	+25.76%
2024	+8.82%	+1.38%
2023	+11.25%	+12.56%
2022	-5.15%	-28.77%
2021	+4.82%	+12.85%
2020	+3.53%	+18.03%
2019	+10.13%	+25.13%
2018	-0.67%	-22.83%
2017	N/A	+41.02%
2016	N/A	+2.26%
2015	N/A	-13.21%
2014	N/A	-0.27%
2013	N/A	-2.46%
2012	N/A	+14.98%
2011	N/A	-13.39%
2010	N/A	+21.08%
2009	N/A	+53.15%
2008	N/A	-62.20%
2007	N/A	+0.56%

SHYL vs PIE Drawdown Comparison

The maximum drawdown for SHYL was -19.27%, occurring on Mar 23, 2020. Recovery took 184 trading sessions.

The maximum drawdown for PIE was -72.98%, occurring on Mar 2, 2009. Recovery took 3259 trading sessions.

The current SHYL drawdown is -0.07%. The current PIE drawdown is -8.76%.

Rank	SHYL	PIE
#1	-19.27% Feb 20, 2020 - Nov 10, 2020	-72.98% Jan 10, 2008 - Dec 18, 2020
#2	-9.59% Dec 27, 2021 - Jul 13, 2023	-40.31% Jul 15, 2021 - Jan 6, 2026
#3	-4.92% Oct 1, 2018 - Jan 30, 2019	-12.87% Feb 17, 2021 - Jun 1, 2021
#4	-4.73% Feb 28, 2025 - May 12, 2025	-12.61% Jun 22, 2026 - Jul 20, 2026
#5	-2.74% Sep 14, 2023 - Nov 3, 2023	-9.87% Feb 27, 2026 - Apr 10, 2026
#6	-1.82% Jan 26, 2018 - Apr 13, 2018	-7.85% May 26, 2026 - Jun 15, 2026
#7	-1.79% Mar 20, 2024 - May 3, 2024	-6.90% May 11, 2026 - May 26, 2026
#8	-1.59% Jan 22, 2026 - Apr 8, 2026	-5.39% Jan 25, 2021 - Feb 2, 2021
#9	-1.57% Nov 9, 2021 - Dec 23, 2021	-4.89% Jan 28, 2026 - Feb 11, 2026
#10	-1.28% Dec 5, 2024 - Jan 15, 2025	-2.98% Jun 15, 2026 - Jun 18, 2026
#11	-1.22% Jul 29, 2019 - Aug 29, 2019	-2.18% Apr 22, 2026 - Apr 24, 2026
#12	-1.17% Dec 27, 2023 - Feb 23, 2024	-1.92% Jun 1, 2021 - Jun 21, 2021
#13	-1.15% Oct 2, 2025 - Oct 24, 2025	-1.86% Jan 14, 2021 - Jan 19, 2021
#14	-1.13% Apr 12, 2019 - Jun 11, 2019	-1.85% Jul 7, 2021 - Jul 15, 2021
#15	-1.11% Jul 31, 2024 - Aug 13, 2024	-1.46% Dec 31, 2007 - Jan 7, 2008

Correlation

Correlation between SHYL and PIE is 0.75 which considered as a strong positive correlation - the stocks tend to move together.

0.75

-101

Dividend Comparison (2008 - 2026)

SHYL vs PIE dividend yield comparison.

Year	SHYL	PIE
2026	3.44%	0.78%
2025	7.02%	2.28%
2024	7.26%	2.33%
2023	6.60%	2.59%
2022	5.52%	3.45%
2021	4.65%	1.28%
2020	6.16%	1.32%
2019	5.93%	2.29%
2018	5.54%	3.32%
2017	0.00%	1.63%
2016	0.00%	1.48%
2015	0.00%	0.80%
2014	0.00%	0.53%
2013	0.00%	1.23%
2012	0.00%	0.68%
2011	0.00%	0.80%
2010	0.00%	0.34%
2009	0.00%	0.71%
2008	0.00%	0.67%