FRUC.L vs. SHYU.L
FRUC.L (Franklin USD Investment Grade Corporate Bond UCITS ETF) and SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) are both Corporate Bonds funds - FRUC.L tracks the Bloomberg US Corp Bond TR USD while SHYU.L tracks the Markit iBoxx USD Liquid High Yield Capped Index. Both are passively managed. Over the past 5 years, FRUC.L returned 1.00%/yr vs 5.04%/yr for SHYU.L. A 0.73 correlation means they provide meaningful diversification when combined. FRUC.L charges 0.35%/yr vs 0.50%/yr for SHYU.L.
Performance
FRUC.L vs. SHYU.L - Performance Comparison
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Returns By Period
In the year-to-date period, FRUC.L achieves a 1.29% return, which is significantly lower than SHYU.L's 3.70% return.
FRUC.L
- 1D
- -0.50%
- 1M
- 2.08%
- YTD
- 1.29%
- 6M
- 2.25%
- 1Y
- 7.10%
- 3Y*
- 3.28%
- 5Y*
- 1.00%
- 10Y*
- —
SHYU.L
- 1D
- 0.39%
- 1M
- 2.85%
- YTD
- 3.70%
- 6M
- 4.61%
- 1Y
- 9.88%
- 3Y*
- 7.35%
- 5Y*
- 5.04%
- 10Y*
- 5.50%
FRUC.L vs. SHYU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FRUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF | 1.29% | 0.26% | 3.78% | 1.70% | -5.41% | -1.01% | 6.07% | 10.93% | -21.22% |
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | 3.70% | 1.93% | 8.55% | 4.73% | 2.04% | 4.96% | 1.60% | 9.12% | 1.62% |
Correlation
The correlation between FRUC.L and SHYU.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2018 | 0.73 |
The correlation between FRUC.L and SHYU.L has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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Return for Risk
FRUC.L vs. SHYU.L — Risk / Return Rank
FRUC.L
SHYU.L
FRUC.L vs. SHYU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin USD Investment Grade Corporate Bond UCITS ETF (FRUC.L) and iShares $ High Yield Corp Bond UCITS ETF (SHYU.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| FRUC.L | SHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.76 | -1.38 |
| Martin ratioReturn relative to average drawdown | 3.26 | 8.64 | -5.39 |
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Drawdowns
FRUC.L vs. SHYU.L - Drawdown Comparison
The maximum FRUC.L drawdown since its inception was -24.23%, smaller than the maximum SHYU.L drawdown of -38.05%. Use the drawdown chart below to compare losses from any high point for FRUC.L and SHYU.L.
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Drawdown Indicators
| FRUC.L | SHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.23% | -38.05% | +13.82% |
Max Drawdown (1Y)Largest decline over 1 year | -4.69% | -3.56% | -1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -8.74% | -9.06% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -13.28% | -10.47% | -2.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.00% | — |
Current DrawdownCurrent decline from peak | -7.30% | 0.00% | -7.30% |
Average DrawdownAverage peak-to-trough decline | -11.96% | -8.90% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 1.14% | +0.84% |
Volatility
FRUC.L vs. SHYU.L - Volatility Comparison
Franklin USD Investment Grade Corporate Bond UCITS ETF (FRUC.L) has a higher volatility of 1.87% compared to iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) at 1.51%. This indicates that FRUC.L's price experiences larger fluctuations and is considered to be riskier than SHYU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRUC.L | SHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 1.51% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 4.71% | 4.21% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.34% | 5.83% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.59% | 7.83% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.72% | 9.36% | +3.36% |
FRUC.L vs. SHYU.L - Expense Ratio Comparison
FRUC.L has a 0.35% expense ratio, which is lower than SHYU.L's 0.50% expense ratio.
Dividends
FRUC.L vs. SHYU.L - Dividend Comparison
FRUC.L's dividend yield for the trailing twelve months is around 4.18%, less than SHYU.L's 6.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF | 4.18% | 4.02% | 4.19% | 3.44% | 2.71% | 2.13% | 2.42% | 3.45% | 1.64% | 0.00% | 0.00% | 0.00% |
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | 6.15% | 6.25% | 6.32% | 5.76% | 4.82% | 4.27% | 5.16% | 5.58% | 5.52% | 5.74% | 5.16% | 5.87% |
Frequently Asked Questions
FRUC.L and SHYU.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FRUC.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRUC.L is cheaper with a 0.35% expense ratio, compared with 0.50% for SHYU.L.
FRUC.L tracks Bloomberg US Corp Bond TR USD, while SHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.35% for FRUC.L and 0.50% for SHYU.L.
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