iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L) Alternatives

ETF · Currency in GBP · Last updated Jul 18, 2026

The investment objective of the Fund is to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the Markit iBoxx Euro Liquid High Yield Index. In order to achieve this investment objective, the investment policy of the Fund is to invest in a portfolio of fixed income securities that as far as possible and practicable consist of the component securities of the Markit iBoxx Euro Liquid High Yield Index, this Fund"s Benchmark Index. The Fund intends to use optimisation techniques in order to achieve a similar return to the Benchmark Index and it is therefore not expected that the Fund will hold each and every underlying constituent of the Benchmark Index at all times or hold them in the same proportion as their weightings in the Benchmark Index.

iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L) belongs to the European High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SHYG.L. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to SHYG.L

SHYG.L charges 0.50% annually. There are 4 ETFs in the European High Yield Bonds category with lower expense ratios, going as low as 0.20%.

Symbol	Name	Expense Ratio	AUM	Inception
XHYG.L	Xtrackers EUR High Yield Corporate Bond UCITS ETF ...	0.20%	2.90B	Jan 2015	SHYG.L vs XHYG.L
YIEL.L	Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist	0.25%	328.33M	Oct 2018	SHYG.L vs YIEL.L
XZHE.L	Xtrackers ESG EUR High Yield Corporate Bond UCITS ...	0.25%	—	Jun 2022	SHYG.L vs XZHE.L
JNKE.L	SPDR Bloomberg Euro High Yield Bond UCITS ETF	0.40%	564.11M	Feb 2012	SHYG.L vs JNKE.L
HIGH.L	iShares EUR High Yield Corporate Bond UCITS ETF EU...	0.50%	1.61B	Sep 2017	SHYG.L vs HIGH.L

Best Risk-Adjusted Alternatives to SHYG.L

SHYG.L has a PortfoliosLab risk / return rank of 14. There are 6 ETFs in the European High Yield Bonds category with higher risk-adjusted ranks, going as high as 64.

Symbol	Name	Risk / Return Rank	AUM	Inception
HYGU.L	iShares € High Yield Corp Bond UCITS ETF USD Hedge...	64	—	Nov 2017	SHYG.L vs HYGU.L
XHYG.L	Xtrackers EUR High Yield Corporate Bond UCITS ETF ...	35	2.90B	Jan 2015	SHYG.L vs XHYG.L
YIEL.L	Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist	34	328.33M	Oct 2018	SHYG.L vs YIEL.L
HIGH.L	iShares EUR High Yield Corporate Bond UCITS ETF EU...	31	1.61B	Sep 2017	SHYG.L vs HIGH.L
IHYG.L	iShares € High Yield Corp Bond UCITS ETF EUR (Dist...	30	5.77B	Sep 2023	SHYG.L vs IHYG.L

Top Performing SHYG.L Alternatives (YTD)

SHYG.L is at -1.50% YTD. There are 6 ETFs in the European High Yield Bonds category with higher YTD returns, going as high as 2.07%.

Symbol	Name	YTD Return	AUM	Inception
HYGU.L	iShares € High Yield Corp Bond UCITS ETF USD Hedge...	2.07%	—	Nov 2017	SHYG.L vs HYGU.L
JNKE.L	SPDR Bloomberg Euro High Yield Bond UCITS ETF	1.61%	564.11M	Feb 2012	SHYG.L vs JNKE.L
HIGH.L	iShares EUR High Yield Corporate Bond UCITS ETF EU...	1.29%	1.61B	Sep 2017	SHYG.L vs HIGH.L
XHYG.L	Xtrackers EUR High Yield Corporate Bond UCITS ETF ...	1.26%	2.90B	Jan 2015	SHYG.L vs XHYG.L
IHYG.L	iShares € High Yield Corp Bond UCITS ETF EUR (Dist...	0.96%	5.77B	Sep 2023	SHYG.L vs IHYG.L

Lowest Volatility Alternatives to SHYG.L

SHYG.L has 4.80% 1-year volatility. There are 5 ETFs in the European High Yield Bonds category with lower 1-year volatility, going as low as 3.27%.

Symbol	Name	Volatility 1Y	AUM	Inception
XHYG.L	Xtrackers EUR High Yield Corporate Bond UCITS ETF ...	3.27%	2.90B	Jan 2015	SHYG.L vs XHYG.L
HYGU.L	iShares € High Yield Corp Bond UCITS ETF USD Hedge...	3.34%	—	Nov 2017	SHYG.L vs HYGU.L
YIEL.L	Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist	3.35%	328.33M	Oct 2018	SHYG.L vs YIEL.L
IHYG.L	iShares € High Yield Corp Bond UCITS ETF EUR (Dist...	3.54%	5.77B	Sep 2023	SHYG.L vs IHYG.L
HIGH.L	iShares EUR High Yield Corporate Bond UCITS ETF EU...	3.67%	1.61B	Sep 2017	SHYG.L vs HIGH.L

Lowest Drawdown Alternatives to SHYG.L

SHYG.L has a 1-year max drawdown of -3.78%. There are 5 ETFs in the European High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -2.60%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HYGU.L	iShares € High Yield Corp Bond UCITS ETF USD Hedge...	-2.60%	—	Nov 2017	SHYG.L vs HYGU.L
IHYG.L	iShares € High Yield Corp Bond UCITS ETF EUR (Dist...	-2.76%	5.77B	Sep 2023	SHYG.L vs IHYG.L
HIGH.L	iShares EUR High Yield Corporate Bond UCITS ETF EU...	-2.88%	1.61B	Sep 2017	SHYG.L vs HIGH.L
XHYG.L	Xtrackers EUR High Yield Corporate Bond UCITS ETF ...	-2.89%	2.90B	Jan 2015	SHYG.L vs XHYG.L
YIEL.L	Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist	-3.16%	328.33M	Oct 2018	SHYG.L vs YIEL.L

Other ETFs from iShares

The 10 most viewed iShares ETFs shown here include IWDA.L, IUIT.L, SGLN.L and span 8 categories. AUM among these funds goes as high as $143B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
IWDA.L	iShares Core MSCI World UCITS ETF USD (Acc)	Global Equities	64	8.93%	143.34B	Sep 2009	SHYG.L vs IWDA.L
IUIT.L	iShares S&P 500 Information Technology Sector UCIT...	Technology Equities, S&P 500	39	14.05%	18.46B	Nov 2015	SHYG.L vs IUIT.L
SGLN.L	iShares Physical Gold ETC	Gold, Precious Metals, Commodities	25	-6.98%	25.41B	Apr 2011	SHYG.L vs SGLN.L
SWDA.L	iShares Core MSCI World UCITS ETF USD (Acc)	Global Equities	75	9.06%	106.97B	Sep 2009	SHYG.L vs SWDA.L
CNDX.L	iShares NASDAQ 100 UCITS ETF	Nasdaq-100	51	12.45%	27.76B	Jan 2010	SHYG.L vs CNDX.L
IITU.L	iShares S&P 500 Information Technology Sector UCIT...	Technology Equities, S&P 500	39	14.24%	13.77B	Nov 2015	SHYG.L vs IITU.L
EIMI.L	iShares Core MSCI EM IMI UCITS ETF	Emerging Markets Equities	50	14.85%	42.11B	May 2014	SHYG.L vs EIMI.L
CSP1.L	iShares Core S&P 500 UCITS ETF	S&P 500	69	9.06%	113.20B	May 2010	SHYG.L vs CSP1.L
IGLN.L	iShares Physical Gold ETC	Gold, Precious Metals	24	-6.99%	34.05B	Apr 2011	SHYG.L vs IGLN.L
ISAC.L	iShares MSCI ACWI UCITS ETF USD (Acc)	Global Equities	65	9.74%	34.09B	Oct 2011	SHYG.L vs ISAC.L

Often Compared With SHYG.L

Investors most often compare SHYG.L with IEAC.AS, JNKS.L, SYBJ.DE. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
IEAC.AS	iShares Core € Corp Bond UCITS ETF	Corporate Bonds	8	-1.19%	—	Mar 2009	SHYG.L vs IEAC.AS
JNKS.L	SPDR Bloomberg SASB U.S. High Yield Corporate ESG ...	High Yield Bonds	30	1.94%	237.98M	Sep 2013	SHYG.L vs JNKS.L
SYBJ.DE	SPDR Bloomberg Euro High Yield Bond UCITS ETF	European High Yield Bonds	27	1.14%	—	Feb 2012	SHYG.L vs SYBJ.DE
JNK	State Street SPDR Bloomberg High Yield Bond ETF	High Yield Bonds	66	2.05%	7.35B	Nov 2007	SHYG.L vs JNK
BSV	Vanguard Short-Term Bond Index Fund ETF Shares	Short-Term Bond	70	0.56%	70.40B	Apr 2007	SHYG.L vs BSV
VCSH	Vanguard Short-Term Corporate Bond ETF	Corporate Bonds	80	0.92%	50.50B	Nov 2009	SHYG.L vs VCSH
SYBK.DE	SPDR Bloomberg SASB U.S. High Yield Corporate ESG ...	High Yield Bonds	45	4.88%	—	Sep 2013	SHYG.L vs SYBK.DE
DVYE	iShares Emerging Markets Dividend ETF	Emerging Markets Equities, Dividend	50	8.51%	1.20B	Feb 2012	SHYG.L vs DVYE
XDWU.DE	Xtrackers MSCI World Utilities UCITS ETF 1C	Utilities Equities	60	12.85%	—	Mar 2016	SHYG.L vs XDWU.DE
SBEM.L	UBS ETF (LU) Bloomberg USD Emerging Markets Sovere...	Emerging Markets Bonds	72	2.46%	424.58M	Jan 2016	SHYG.L vs SBEM.L
EMLI.L	PIMCO Emerging Markets Advantage Local Bond Index ...	Emerging Markets Bonds	42	2.89%	239.49M	Jan 2014	SHYG.L vs EMLI.L
XMLD.DE	L&G Artificial Intelligence UCITS ETF	Technology Equities	70	32.26%	—	Jun 2019	SHYG.L vs XMLD.DE
AAAU	Goldman Sachs Physical Gold ETF	Gold, Precious Metals	23	-6.96%	2.45B	Jul 2018	SHYG.L vs AAAU
XEON.DE	Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C	Money Market	99	1.05%	—	May 2007	SHYG.L vs XEON.DE
ISP.MI	Intesa Sanpaolo SpA		80	9.71%	—	—	SHYG.L vs ISP.MI
JEPI	JPMorgan Equity Premium Income ETF	Dividend, Derivative Income	30	2.92%	45.17B	May 2020	SHYG.L vs JEPI
MSTR	Strategy Inc		4	-37.58%	—	—	SHYG.L vs MSTR
ENEL.MI	Enel SpA		89	17.40%	—	—	SHYG.L vs ENEL.MI
QYLE.DE	Global X Nasdaq 100 Covered Call UCITS ETF D	Nasdaq-100, Options Trading	85	10.22%	—	Nov 2022	SHYG.L vs QYLE.DE
6AQQ.DE	Amundi Nasdaq 100 UCITS ETF EUR	Nasdaq-100	58	15.37%	—	Apr 2018	SHYG.L vs 6AQQ.DE

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Diversifiers

Pair SHYG.L with funds that move differently

iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SHYG.L.

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