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

ETF · Currency in GBP · Last updated Jun 25, 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%	2.80B	Jan 2015	SHYG.L vs XHYG.L
YIEL.L	Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist	0.25%	316.80M	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%	573.28M	Feb 2012	SHYG.L vs JNKE.L
HIGH.L	iShares EUR High Yield Corporate Bond UCITS ETF EU...	0.50%	1.73B	Sep 2017	SHYG.L vs HIGH.L

Best Risk-Adjusted Alternatives to SHYG.L

SHYG.L has a PortfoliosLab risk / return rank of 30. There are 4 ETFs in the European High Yield Bonds category with higher risk-adjusted ranks, going as high as 38.

Symbol	Name	Risk / Return Rank	AUM	Inception
YIEL.L	Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist	38	316.80M	Oct 2018	SHYG.L vs YIEL.L
XHYG.L	Xtrackers EUR High Yield Corporate Bond UCITS ETF ...	37	2.80B	Jan 2015	SHYG.L vs XHYG.L
IHYG.L	iShares € High Yield Corp Bond UCITS ETF EUR (Dist...	34	5.11B	Sep 2023	SHYG.L vs IHYG.L
HIGH.L	iShares EUR High Yield Corporate Bond UCITS ETF EU...	32	1.73B	Sep 2017	SHYG.L vs HIGH.L
JNKE.L	SPDR Bloomberg Euro High Yield Bond UCITS ETF	22	573.28M	Feb 2012	SHYG.L vs JNKE.L

Top Performing SHYG.L Alternatives (YTD)

SHYG.L is at 0.09% YTD. There are 5 ETFs in the European High Yield Bonds category with higher YTD returns, going as high as 1.55%.

Symbol	Name	YTD Return	AUM	Inception
JNKE.L	SPDR Bloomberg Euro High Yield Bond UCITS ETF	1.55%	573.28M	Feb 2012	SHYG.L vs JNKE.L
HIGH.L	iShares EUR High Yield Corporate Bond UCITS ETF EU...	1.45%	1.73B	Sep 2017	SHYG.L vs HIGH.L
XHYG.L	Xtrackers EUR High Yield Corporate Bond UCITS ETF ...	1.39%	2.80B	Jan 2015	SHYG.L vs XHYG.L
IHYG.L	iShares € High Yield Corp Bond UCITS ETF EUR (Dist...	1.16%	5.11B	Sep 2023	SHYG.L vs IHYG.L
YIEL.L	Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist	0.76%	316.80M	Oct 2018	SHYG.L vs YIEL.L

Lowest Volatility Alternatives to SHYG.L

SHYG.L has 4.84% 1-year volatility. There are 4 ETFs in the European High Yield Bonds category with lower 1-year volatility, going as low as 3.26%.

Symbol	Name	Volatility 1Y	AUM	Inception
XHYG.L	Xtrackers EUR High Yield Corporate Bond UCITS ETF ...	3.26%	2.80B	Jan 2015	SHYG.L vs XHYG.L
YIEL.L	Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist	3.34%	316.80M	Oct 2018	SHYG.L vs YIEL.L
IHYG.L	iShares € High Yield Corp Bond UCITS ETF EUR (Dist...	3.54%	5.11B	Sep 2023	SHYG.L vs IHYG.L
HIGH.L	iShares EUR High Yield Corporate Bond UCITS ETF EU...	3.69%	1.73B	Sep 2017	SHYG.L vs HIGH.L
JNKE.L	SPDR Bloomberg Euro High Yield Bond UCITS ETF	7.51%	573.28M	Feb 2012	SHYG.L vs JNKE.L

Lowest Drawdown Alternatives to SHYG.L

SHYG.L has a 1-year max drawdown of -3.78%. There are 4 ETFs in the European High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -2.76%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
IHYG.L	iShares € High Yield Corp Bond UCITS ETF EUR (Dist...	-2.76%	5.11B	Sep 2023	SHYG.L vs IHYG.L
HIGH.L	iShares EUR High Yield Corporate Bond UCITS ETF EU...	-2.88%	1.73B	Sep 2017	SHYG.L vs HIGH.L
XHYG.L	Xtrackers EUR High Yield Corporate Bond UCITS ETF ...	-2.89%	2.80B	Jan 2015	SHYG.L vs XHYG.L
YIEL.L	Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist	-3.16%	316.80M	Oct 2018	SHYG.L vs YIEL.L
JNKE.L	SPDR Bloomberg Euro High Yield Bond UCITS ETF	-7.11%	573.28M	Feb 2012	SHYG.L vs JNKE.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 $141B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
IWDA.L	iShares Core MSCI World UCITS ETF USD (Acc)	Global Equities	63	8.01%	141.10B	Sep 2009	SHYG.L vs IWDA.L
IUIT.L	iShares S&P 500 Information Technology Sector UCIT...	Technology Equities, S&P 500	53	16.64%	18.44B	Nov 2015	SHYG.L vs IUIT.L
SGLN.L	iShares Physical Gold ETC	Gold, Precious Metals, Commodities	28	-5.00%	26.39B	Apr 2011	SHYG.L vs SGLN.L
SWDA.L	iShares Core MSCI World UCITS ETF USD (Acc)	Global Equities	86	10.44%	106.63B	Sep 2009	SHYG.L vs SWDA.L
CNDX.L	iShares NASDAQ 100 UCITS ETF	Nasdaq-100	67	16.10%	28.06B	Jan 2010	SHYG.L vs CNDX.L
IITU.L	iShares S&P 500 Information Technology Sector UCIT...	Technology Equities, S&P 500	61	19.20%	13.94B	Nov 2015	SHYG.L vs IITU.L
EIMI.L	iShares Core MSCI EM IMI UCITS ETF	Emerging Markets Equities	69	22.10%	44.15B	May 2014	SHYG.L vs EIMI.L
CSP1.L	iShares Core S&P 500 UCITS ETF	S&P 500	83	10.57%	113.15B	May 2010	SHYG.L vs CSP1.L
IGLN.L	iShares Physical Gold ETC	Gold, Precious Metals	23	-7.04%	34.92B	Apr 2011	SHYG.L vs IGLN.L
ISAC.L	iShares MSCI ACWI UCITS ETF USD (Acc)	Global Equities	67	9.60%	33.87B	Oct 2011	SHYG.L vs ISAC.L

Often Compared With SHYG.L

Investors most often compare SHYG.L with IEAC.AS, SYBJ.DE, JNKS.L. 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	22	0.98%	—	Mar 2009	SHYG.L vs IEAC.AS
SYBJ.DE	SPDR Bloomberg Euro High Yield Bond UCITS ETF	European High Yield Bonds	30	1.45%	—	Feb 2012	SHYG.L vs SYBJ.DE
JNKS.L	SPDR Bloomberg SASB U.S. High Yield Corporate ESG ...	High Yield Bonds	50	3.84%	242.72M	Sep 2013	SHYG.L vs JNKS.L
JNK	State Street SPDR Bloomberg High Yield Bond ETF	High Yield Bonds	58	1.71%	7.74B	Nov 2007	SHYG.L vs JNK
BSV	Vanguard Short-Term Bond Index Fund ETF Shares	Short-Term Bond	58	0.46%	70.40B	Apr 2007	SHYG.L vs BSV
VCSH	Vanguard Short-Term Corporate Bond ETF	Corporate Bonds	74	0.89%	50.50B	Nov 2009	SHYG.L vs VCSH
SYBK.DE	SPDR Bloomberg SASB U.S. High Yield Corporate ESG ...	High Yield Bonds	46	5.29%	—	Sep 2013	SHYG.L vs SYBK.DE
DVYE	iShares Emerging Markets Dividend ETF	Emerging Markets Equities, Dividend	45	5.60%	1.21B	Feb 2012	SHYG.L vs DVYE
AAAU	Goldman Sachs Physical Gold ETF	Gold, Precious Metals	21	-7.64%	2.65B	Jul 2018	SHYG.L vs AAAU
EMLI.L	PIMCO Emerging Markets Advantage Local Bond Index ...	Emerging Markets Bonds	35	2.11%	236.83M	Jan 2014	SHYG.L vs EMLI.L
JEPI	JPMorgan Equity Premium Income ETF	Dividend, Derivative Income	26	1.33%	44.26B	May 2020	SHYG.L vs JEPI
SBEM.L	UBS ETF (LU) Bloomberg USD Emerging Markets Sovere...	Emerging Markets Bonds	86	5.05%	429.55M	Jan 2016	SHYG.L vs SBEM.L
XEON.DE	Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C	Bank Loan	99	0.90%	—	May 2007	SHYG.L vs XEON.DE
6AQQ.DE	Amundi Nasdaq 100 UCITS ETF EUR	Nasdaq-100	74	19.97%	—	Apr 2018	SHYG.L vs 6AQQ.DE
ISP.MI	Intesa Sanpaolo SpA		77	6.39%	—	—	SHYG.L vs ISP.MI
MSTR	Strategy Inc		5	-38.05%	—	—	SHYG.L vs MSTR
QYLE.DE	Global X Nasdaq 100 Covered Call UCITS ETF D	Nasdaq-100, Options Trading	83	9.81%	—	Nov 2022	SHYG.L vs QYLE.DE
ENEL.MI	Enel SpA		81	13.94%	—	—	SHYG.L vs ENEL.MI
VUAA.DE	Vanguard S&P 500 UCITS USD Acc ETF	S&P 500	77	11.87%	—	May 2019	SHYG.L vs VUAA.DE
XDWU.DE	Xtrackers MSCI World Utilities UCITS ETF 1C	Utilities Equities	49	11.76%	—	Mar 2016	SHYG.L vs XDWU.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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