- Issuer
- iShares
- Inception Date
- Sep 22, 2023
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares € High Yield Corp Bond UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
HYGU.L Performance Chart
iShares € High Yield Corp Bond UCITS ETF (HYGU.L) is up 2.2% since the beginning of the year. HYGU.L is currently trading at $7 per share. Investors who bought $1,000 worth of HYGU.L shares 5 years ago would now be looking at an investment worth $1,251.
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Returns By Period
iShares € High Yield Corp Bond UCITS ETF (HYGU.L) has returned 2.18% so far this year and 5.22% over the past 12 months.
iShares € High Yield Corp Bond UCITS ETF
- 1D
- -0.03%
- 1M
- 0.24%
- 6M
- 2.18%
- YTD
- 2.18%
- 1Y
- 5.22%
- 3Y*
- 8.18%
- 5Y*
- 4.58%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
HYGU.L Monthly Returns History
Based on dividend-adjusted daily data since Nov 16, 2017, HYGU.L's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, an investment would double in approximately 14.5 years.
Historically, 70% of months were positive and 30% were negative. The best month was Jul 2022 with a return of +6.7%, while the worst month was Mar 2020 at -12.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, HYGU.L closed higher 45% of trading days. The best single day was Mar 20, 2020 with a return of +4.2%, while the worst single day was Mar 12, 2020 at -6.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.28% | 0.14% | -2.19% | 2.24% | 1.10% | 0.68% | -0.03% | 2.18% | |||||
| 2025 | 1.03% | 0.73% | -0.87% | 0.59% | 1.75% | 0.29% | 1.14% | 0.14% | 0.70% | 0.28% | 0.56% | 0.69% | 7.24% |
| 2024 | -0.16% | 0.48% | 0.16% | 0.00% | 0.79% | 0.31% | 1.56% | 1.08% | 1.06% | 0.15% | 1.05% | 0.59% | 7.29% |
| 2023 | 2.56% | -0.18% | 1.43% | 0.09% | 0.17% | 1.12% | 1.03% | 0.17% | 0.17% | 0.17% | 3.03% | 3.10% | 13.55% |
| 2022 | -2.10% | -1.91% | -0.16% | -3.27% | -0.40% | -6.20% | 6.66% | -3.30% | -1.42% | 1.73% | 3.97% | -0.34% | -7.14% |
| 2021 | 0.05% | 0.36% | 1.08% | 0.32% | 0.40% | 0.34% | 0.51% | 0.20% | -0.17% | -0.43% | -0.61% | 1.62% | 3.72% |
Benchmark Metrics
iShares € High Yield Corp Bond UCITS ETF has an annualized alpha of 2.28%, beta of 0.19, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since November 16, 2017.
- This ETF participated in 29.46% of S&P 500 Index downside but only 25.68% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.19 may look defensive, but with R2 of 0.27 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.27 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.28%
- Beta
- 0.19
- R²
- 0.27
- Upside Capture
- 25.68%
- Downside Capture
- 29.46%
Expense Ratio
HYGU.L has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HYGU.L ranks 61 for risk / return — better than 61% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares € High Yield Corp Bond UCITS ETF (HYGU.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYGU.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.35 | -0.35 |
| Martin ratioReturn relative to average drawdown | 8.61 | 10.19 | -1.58 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares € High Yield Corp Bond UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares € High Yield Corp Bond UCITS ETF was 25.03%, occurring on Mar 18, 2020. Recovery took 174 trading sessions.
The current iShares € High Yield Corp Bond UCITS ETF drawdown is 0.16%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-25.03%Mar 2020 | 26d | 8mo 11d | 9mo 7dFeb 2020 - Nov 2020 | COVID crash2020 |
-13.61%Jul 2022 | 6mo | 1y 4mo | 1y 10moJan 2022 - Nov 2023 | Bear market2022 |
-3.67%Dec 2018 | 2mo 7d | 1mo 27d | 4mo 4dOct 2018 - Feb 2019 | Rate-hike selloffLate 2018 |
-3.62%Apr 2025 | 1mo 6d | 29d | 2mo 5dMar 2025 - May 2025 | 2025 selloff2025 |
-2.60%Mar 2026 | 28d | 21d | 1mo 19dFeb 2026 - Apr 2026 | — |
Drawdown Indicators
| HYGU.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.03% | -56.78% | +31.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -9.10% | +6.50% |
Max Drawdown (3Y)Largest decline over 3 years | -3.62% | -18.90% | +15.28% |
Max Drawdown (5Y)Largest decline over 5 years | -13.61% | -25.43% | +11.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.49% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -10.70% | +8.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 2.09% | -1.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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