Find Comparable ETFs for iShares 1-3 Year Treasury Bond ETF
iShares 1-3 Year Treasury Bond ETF
SHY - NGMGraniteShares HIPS US High Income ETF
HIPS - PCXThe iShares 1-3 Year Treasury Bond ETF provides a lower volatility option for income, appealing to conservative investors who may compare it with HIPS for income stability.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 28%
R-squared: 8%
This indicates a negligible relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 0
- HIPS in SHY's comparables: No
- SHY in HIPS's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- HIPS Beta: 1.11 (Average)
- SHY Beta: 0.01 (No Correlation)
- HIPS 200-day Volatility: 8.32%
- SHY 200-day Volatility: 1.82%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- HIPS Price vs 200-day MA: 99%
- SHY Price vs 200-day MA: 100%
Performance Comparison:
| Period | HIPS | SHY |
|---|---|---|
| Year_1 | 18% | 6% |
| Year_3 | 4% | 1% |
| Year_5 | 4% | 1% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs NGM
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Diversified Portfolio vs Government Bonds
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- HIPS Dividend Yield: 9%
- SHY Dividend Yield: 4%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
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