SHY vs VTS: Correlation
Measured on weekly returns over the past three years, iShares 1-3 Year Treasury Bond ETF (SHY) and Vitesse Energy, Inc. (VTS) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SHY and VTS?
Across a 3-year window, the weekly returns of SHY and VTS correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.21). Stretching to 5 years gives n/a, with an annualized covariance of -9.8 %².
Among the 62 assets we track against SHY, VTS ranks #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SHY ahead by 31.8 points (+2.5% versus -29.3%). One caveat on sizing: VTS is 19.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
SHY vs VTS: side by side
| SHY (iShares 1-3 Year Treasury Bond ETF) | VTS (Vitesse Energy, Inc.) | |
|---|---|---|
| 1-year return | +2.5% | -29.3% |
| 5-year return | +9.6% | n/a |
| Volatility (ann.) | 1.6% | 30.6% |
| Beta vs S&P 500 | 0.00 | 0.54 |
| Max drawdown (3Y) | -1.0% | -38.4% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 3.65% | 11.81% |
| Expense ratio | 0.15% | – |
| Assets under management | $25.1B | – |
| Sector / category | ETF · Bonds | US Listed |
SHY is a Short Government fund from iShares: $25.1B under management, a 0.15% expense ratio, a 3.65% trailing dividend yield.
Year-by-year returns
| Year | SHY | VTS |
|---|---|---|
| 2022 | -3.9% | – |
| 2023 | +4.2% | – |
| 2024 | +3.9% | +24.3% |
| 2025 | +5.0% | -15.2% |
| 2026 | +1.1% | -6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SHY and VTS good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between SHY and VTS?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.38 over the last year and n/a over 5 years.
Is VTS a good diversifier for SHY?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SHY correlations · VTS correlations
