GBP5.L vs. HYGU.L
GBP5.L (L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF) and HYGU.L (iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc)) are both exchange-traded funds - GBP5.L is a European Corporate Bonds fund tracking the Markit iBoxx GBP NonGilts 1-5 TR, while HYGU.L is a European High Yield Bonds fund tracking the Markit iBoxx Euro Liquid High Yield Index (EUR). Both are passively managed. Over the past 5 years, GBP5.L returned 1.83%/yr vs 5.04%/yr for HYGU.L. At a 0.12 correlation, their price movements are largely independent. GBP5.L charges 0.09%/yr vs 0.55%/yr for HYGU.L.
Performance
GBP5.L vs. HYGU.L - Performance Comparison
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Different Trading Currencies
GBP5.L is traded in GBp, while HYGU.L is traded in USD. To make them comparable, the HYGU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GBP5.L achieves a -1.29% return, which is significantly lower than HYGU.L's 2.21% return.
GBP5.L
- 1D
- -0.01%
- 1M
- -0.27%
- 6M
- 0.78%
- YTD
- -1.29%
- 1Y
- 1.46%
- 3Y*
- 5.25%
- 5Y*
- 1.83%
- 10Y*
- —
HYGU.L
- 1D
- 0.03%
- 1M
- -1.09%
- 6M
- 1.48%
- YTD
- 2.21%
- 1Y
- 4.82%
- 3Y*
- 6.89%
- 5Y*
- 5.04%
- 10Y*
- —
GBP5.L vs. HYGU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF | -1.29% | 6.37% | 4.55% | 6.90% | -6.01% | -0.82% | 0.42% |
HYGU.L iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc) | 2.21% | -0.40% | 9.16% | 7.87% | 3.91% | 4.70% | -1.29% |
Correlation
The correlation between GBP5.L and HYGU.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.12 |
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Return for Risk
GBP5.L vs. HYGU.L — Risk / Return Rank
GBP5.L
HYGU.L
GBP5.L vs. HYGU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.L) and iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc) (HYGU.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.
| GBP5.L | HYGU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.13 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 1.12 | -0.76 |
| Martin ratioReturn relative to average drawdown | 0.76 | 2.79 | -2.02 |
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Drawdowns
GBP5.L vs. HYGU.L - Drawdown Comparison
The maximum GBP5.L drawdown since its inception was -11.97%, smaller than the maximum HYGU.L drawdown of -19.14%. Use the drawdown chart below to compare losses from any high point for GBP5.L and HYGU.L.
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Drawdown Indicators
| GBP5.L | HYGU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -19.14% | +7.17% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -4.27% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -8.35% | +4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -11.97% | -9.08% | -2.89% |
Current DrawdownCurrent decline from peak | -2.02% | -1.99% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -3.90% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 1.72% | +0.18% |
Volatility
GBP5.L vs. HYGU.L - Volatility Comparison
The current volatility for L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.L) is 0.87%, while iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc) (HYGU.L) has a volatility of 1.62%. This indicates that GBP5.L experiences smaller price fluctuations and is considered to be less risky than HYGU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBP5.L | HYGU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 1.62% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 5.11% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 6.78% | -2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.58% | 8.40% | -4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.40% | 9.42% | -6.02% |
GBP5.L vs. HYGU.L - Expense Ratio Comparison
GBP5.L has a 0.09% expense ratio, which is lower than HYGU.L's 0.55% expense ratio.
Dividends
GBP5.L vs. HYGU.L - Dividend Comparison
GBP5.L's dividend yield for the trailing twelve months is around 2.36%, while HYGU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF | 2.36% | 4.40% | 3.78% | 2.56% | 1.05% | 0.32% |
HYGU.L iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GBP5.L and HYGU.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GBP5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBP5.L is cheaper with a 0.09% expense ratio, compared with 0.55% for HYGU.L.
GBP5.L is categorized as European Corporate Bonds, while HYGU.L is European High Yield Bonds. GBP5.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while HYGU.L tracks Markit iBoxx Euro Liquid High Yield Index (EUR). They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.09% for GBP5.L and 0.55% for HYGU.L.
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