HIGH.L vs. ARCC
Compare and contrast key facts about iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) and Ares Capital Corporation (ARCC).
HIGH.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Pan Euro HY Euro TR EUR. It was launched on Sep 21, 2017.
Performance
HIGH.L vs. ARCC - Performance Comparison
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HIGH.L vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) | -0.95% | 4.81% | 5.78% | 11.51% | -9.32% | 2.82% | 1.10% | 9.76% | -3.46% | 0.37% |
ARCC Ares Capital Corporation | -8.58% | -10.93% | 27.68% | 16.43% | 2.12% | 46.32% | -7.45% | 34.26% | 13.92% | 0.32% |
Different Trading Currencies
HIGH.L is traded in EUR, while ARCC is traded in USD. To make them comparable, the ARCC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, HIGH.L achieves a -0.95% return, which is significantly higher than ARCC's -8.58% return.
HIGH.L
- 1D
- 1.18%
- 1M
- -0.95%
- YTD
- -0.95%
- 6M
- -0.23%
- 1Y
- 3.20%
- 3Y*
- 5.87%
- 5Y*
- 2.41%
- 10Y*
- —
ARCC
- 1D
- -1.71%
- 1M
- -3.03%
- YTD
- -8.58%
- 6M
- -6.07%
- 1Y
- -18.49%
- 3Y*
- 6.44%
- 5Y*
- 8.78%
- 10Y*
- 11.57%
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Return for Risk
HIGH.L vs. ARCC — Risk / Return Rank
HIGH.L
ARCC
HIGH.L vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) and Ares Capital Corporation (ARCC). 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.
| HIGH.L | ARCC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | -0.72 | +1.54 |
Sortino ratioReturn per unit of downside risk | 1.20 | -0.92 | +2.12 |
Omega ratioGain probability vs. loss probability | 1.17 | 0.88 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | -0.91 | +1.99 |
Martin ratioReturn relative to average drawdown | 4.48 | -1.60 | +6.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HIGH.L | ARCC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | -0.72 | +1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.43 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.36 | -0.02 |
Correlation
The correlation between HIGH.L and ARCC is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HIGH.L vs. ARCC - Dividend Comparison
HIGH.L has not paid dividends to shareholders, while ARCC's dividend yield for the trailing twelve months is around 10.83%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ARCC Ares Capital Corporation | 10.83% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
Drawdowns
HIGH.L vs. ARCC - Drawdown Comparison
The maximum HIGH.L drawdown since its inception was -25.42%, smaller than the maximum ARCC drawdown of -76.30%. Use the drawdown chart below to compare losses from any high point for HIGH.L and ARCC.
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Drawdown Indicators
| HIGH.L | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.42% | -79.36% | +53.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -19.35% | +16.47% |
Max Drawdown (5Y)Largest decline over 5 years | -14.64% | -21.76% | +7.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.77% | — |
Current DrawdownCurrent decline from peak | -1.60% | -18.05% | +16.45% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -9.07% | +6.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 9.40% | -8.71% |
Volatility
HIGH.L vs. ARCC - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) is 2.06%, while Ares Capital Corporation (ARCC) has a volatility of 6.56%. This indicates that HIGH.L experiences smaller price fluctuations and is considered to be less risky than ARCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIGH.L | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 6.56% | -4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 15.68% | -13.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 25.62% | -21.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 20.29% | -15.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.19% | 26.00% | -18.81% |