HIGH.L vs. GOOGL
HIGH.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)) is European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while GOOGL (Alphabet Inc. Class A) is a stock. Over the past 5 years, HIGH.L returned 2.62%/yr vs 25.60%/yr for GOOGL. At a 0.28 correlation, their price movements are largely independent.
Performance
HIGH.L vs. GOOGL - Performance Comparison
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Different Trading Currencies
HIGH.L is traded in EUR, while GOOGL is traded in USD. To make them comparable, the GOOGL 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 1.13% return, which is significantly lower than GOOGL's 16.83% return.
HIGH.L
- 1D
- 0.32%
- 1M
- 0.80%
- YTD
- 1.13%
- 6M
- 1.62%
- 1Y
- 3.28%
- 3Y*
- 6.14%
- 5Y*
- 2.62%
- 10Y*
- —
GOOGL
- 1D
- 0.62%
- 1M
- -9.48%
- YTD
- 16.83%
- 6M
- 18.17%
- 1Y
- 105.65%
- 3Y*
- 39.81%
- 5Y*
- 25.60%
- 10Y*
- 25.36%
HIGH.L vs. GOOGL - 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) | 1.13% | 4.89% | 5.70% | 11.59% | -9.32% | 2.82% | 1.10% | 9.76% | -3.41% | 0.63% |
GOOGL Alphabet Inc. Class A | 16.83% | 46.30% | 44.98% | 53.58% | -35.31% | 77.66% | 20.07% | 31.07% | 3.86% | 10.13% |
Correlation
The correlation between HIGH.L and GOOGL is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.28 |
The correlation between HIGH.L and GOOGL shifts across timeframes, from 0.18 (3 years) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HIGH.L vs. GOOGL — Risk / Return Rank
HIGH.L
GOOGL
HIGH.L vs. GOOGL - 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 Alphabet Inc. Class A (GOOGL). 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.
| HIGH.L | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.61 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 5.85 | -4.71 |
| Martin ratioReturn relative to average drawdown | 4.60 | 19.74 | -15.14 |
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Drawdowns
HIGH.L vs. GOOGL - Drawdown Comparison
The maximum HIGH.L drawdown since its inception was -25.42%, smaller than the maximum GOOGL drawdown of -60.91%. Use the drawdown chart below to compare losses from any high point for HIGH.L and GOOGL.
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Drawdown Indicators
| HIGH.L | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.42% | -60.91% | +35.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -18.17% | +15.29% |
Max Drawdown (3Y)Largest decline over 3 years | -3.65% | -35.42% | +31.77% |
Max Drawdown (5Y)Largest decline over 5 years | -14.64% | -38.62% | +23.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.62% | — |
Current DrawdownCurrent decline from peak | -0.00% | -9.48% | +9.48% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -12.57% | +9.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 5.37% | -4.66% |
Volatility
HIGH.L vs. GOOGL - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) is 1.09%, while Alphabet Inc. Class A (GOOGL) has a volatility of 6.85%. This indicates that HIGH.L experiences smaller price fluctuations and is considered to be less risky than GOOGL 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 | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 6.85% | -5.76% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 20.04% | -16.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 29.03% | -25.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.46% | 31.06% | -25.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.19% | 29.35% | -22.16% |
Dividends
HIGH.L vs. GOOGL - Dividend Comparison
HIGH.L has not paid dividends to shareholders, while GOOGL's dividend yield for the trailing twelve months is around 0.24%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% |
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HIGH.L and GOOGL have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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