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GHYS.L vs. WIGG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GHYS.L vs. WIGG.L

Last updated Jun 5, 2026

GHYS.L (iShares Global High Yield Corp Bond GBP Hedged UCITS ETF) and WIGG.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)) are both High Yield Bonds funds from iShares - GHYS.L tracks the Markit iBoxx Global Developed Markets Liquid High Yield Capped Index (GBP Hedged) while WIGG.L tracks the ICE BofA Gbl HY Constnd TR HGBP. Both are passively managed. Over the past 5 years, GHYS.L returned 3.51%/yr vs 2.72%/yr for WIGG.L. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.55% expense ratio.

Performance

GHYS.L vs. WIGG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Global High Yield Corp Bond GBP Hedged UCITS ETF (GHYS.L) and iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GHYS.L achieves a 1.32% return, which is significantly lower than WIGG.L's 1.47% return.

GHYS.L

1D
0.09%
1M
0.42%
YTD
1.32%
6M
1.62%
1Y
5.61%
3Y*
7.87%
5Y*
3.51%
10Y*
4.09%

WIGG.L

1D
0.13%
1M
0.90%
YTD
1.47%
6M
1.71%
1Y
7.53%
3Y*
7.62%
5Y*
2.72%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GHYS.L vs. WIGG.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
GHYS.L
iShares Global High Yield Corp Bond GBP Hedged UCITS ETF		1.32%7.56%6.95%11.60%-9.89%3.60%2.71%11.10%-3.05%
WIGG.L
iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)		1.47%8.82%4.80%11.01%-12.90%4.06%13.22%14.56%-3.63%

Correlation

The correlation between GHYS.L and WIGG.L is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.58

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

Correlation (5Y)
Calculated over the trailing 5-year period

0.77

Correlation (All Time)
Calculated using the full available price history since Apr 13, 2018

0.76

The correlation between GHYS.L and WIGG.L shifts across timeframes, from 0.58 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

GHYS.L vs. WIGG.L - Sectors Allocation Comparison

Sectors
GHYS.L
WIGG.L

Utilities

91.7%

-

Real Estate

8.3%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

100.0%

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

GHYS.L
91.7%
WIGG.L

-

Real Estate

GHYS.L
8.3%
WIGG.L

-

Basic Materials

GHYS.L

-

WIGG.L

-

Communication Services

GHYS.L

-

WIGG.L

-

Consumer Cyclical

GHYS.L

-

WIGG.L

-

Consumer Defensive

GHYS.L

-

WIGG.L

-

Energy

GHYS.L

-

WIGG.L

-

Financial Services

GHYS.L

-

WIGG.L
100.0%

Healthcare

GHYS.L

-

WIGG.L

-

Industrials

GHYS.L

-

WIGG.L

-

Technology

GHYS.L

-

WIGG.L

-

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iShares Global High Yield Corp Bond GBP Hedged UCITS ETF

iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)

Often compared with GHYS.L:
GHYS.L vs. IS15.LGHYS.L vs. HYGWGHYS.L vs. VHYL.ASGHYS.L vs. TDGB.LGHYS.L vs. HYEA.LGHYS.L vs. GHYG.LGHYS.L vs. GFGB.L
Often compared with WIGG.L:
WIGG.L vs. XGLE.LWIGG.L vs. NCYF.LWIGG.L vs. CVCG.LWIGG.L vs. SHYU.LWIGG.L vs. JNKS.LWIGG.L vs. FAHY.LWIGG.L vs. HYFC.L

Return for Risk

GHYS.L vs. WIGG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GHYS.L
GHYS.L Risk / Return Rank: 4040
Overall Rank
GHYS.L Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
GHYS.L Sortino Ratio Rank: 3838
Sortino Ratio Rank
GHYS.L Omega Ratio Rank: 3838
Omega Ratio Rank
GHYS.L Calmar Ratio Rank: 3838
Calmar Ratio Rank
GHYS.L Martin Ratio Rank: 5252
Martin Ratio Rank
WIGG.L
WIGG.L Risk / Return Rank: 5858
Overall Rank
WIGG.L Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
WIGG.L Sortino Ratio Rank: 6565
Sortino Ratio Rank
WIGG.L Omega Ratio Rank: 6666
Omega Ratio Rank
WIGG.L Calmar Ratio Rank: 4444
Calmar Ratio Rank
WIGG.L Martin Ratio Rank: 5353
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GHYS.L vs. WIGG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corp Bond GBP Hedged UCITS ETF (GHYS.L) and iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.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.

GHYS.LWIGG.LDifference
Sharpe ratioReturn per unit of total volatility
1.27
1.98

-0.71

Sortino ratioReturn per unit of downside risk
1.93
2.99

-1.06

Omega ratioGain probability vs. loss probability

1.24

1.39

-0.15

Calmar ratioReturn relative to maximum drawdown

1.88

2.13

-0.25

Martin ratioReturn relative to average drawdown

8.55

8.95

-0.39

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GHYS.L vs. WIGG.L - Sharpe Ratio Comparison

The current GHYS.L Sharpe Ratio is 1.27, which is lower than the WIGG.L Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of GHYS.L and WIGG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

GHYS.LWIGG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.27

1.98

-0.71

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.46

+0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.63

-0.05

Drawdowns

GHYS.L vs. WIGG.L - Drawdown Comparison

The maximum GHYS.L drawdown since its inception was -25.15%, which is greater than WIGG.L's maximum drawdown of -23.44%. Use the drawdown chart below to compare losses from any high point for GHYS.L and WIGG.L.

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Drawdown Indicators

GHYS.LWIGG.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.15%

-23.44%

-1.71%

Max Drawdown (1Y)

Largest decline over 1 year

-2.97%

-3.52%

+0.55%

Max Drawdown (3Y)

Largest decline over 3 years

-4.54%

-4.30%

-0.24%

Max Drawdown (5Y)

Largest decline over 5 years

-14.70%

-17.35%

+2.65%

Max Drawdown (10Y)

Largest decline over 10 years

-25.15%

—

—

Current Drawdown

Current decline from peak

-0.34%

-0.10%

-0.24%

Average Drawdown

Average peak-to-trough decline

-2.29%

-3.59%

+1.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.65%

0.84%

-0.19%

Volatility

GHYS.L vs. WIGG.L - Volatility Comparison

iShares Global High Yield Corp Bond GBP Hedged UCITS ETF (GHYS.L) has a higher volatility of 1.48% compared to iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) at 1.30%. This indicates that GHYS.L's price experiences larger fluctuations and is considered to be riskier than WIGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GHYS.LWIGG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.48%

1.30%

+0.18%

Volatility (6M)

Calculated over the trailing 6-month period

3.79%

2.97%

+0.82%

Volatility (1Y)

Calculated over the trailing 1-year period

4.40%

3.80%

+0.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.98%

5.92%

+0.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.15%

7.44%

-0.29%

GHYS.L vs. WIGG.L - Expense Ratio Comparison

Both GHYS.L and WIGG.L have an expense ratio of 0.55%.

Dividends

GHYS.L vs. WIGG.L - Dividend Comparison

GHYS.L's dividend yield for the trailing twelve months is around 5.73%, less than WIGG.L's 6.92% yield.

PositionTTM20252024202320222021202020192018201720162015
GHYS.L
iShares Global High Yield Corp Bond GBP Hedged UCITS ETF		5.73%5.68%5.78%5.36%4.41%3.78%4.08%5.03%4.89%4.58%4.91%5.65%
WIGG.L
iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)		6.92%5.58%5.74%5.08%4.47%3.89%4.24%4.53%3.28%0.00%0.00%0.00%

Frequently Asked Questions

GHYS.L and WIGG.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

GHYS.L and WIGG.L have the same expense ratio: 0.55% per year.

GHYS.L tracks Markit iBoxx Global Developed Markets Liquid High Yield Capped Index (GBP Hedged), while WIGG.L tracks ICE BofA Gbl HY Constnd TR HGBP.

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