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HIGH.L vs. ISAC.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HIGH.L vs. ISAC.L

Last updated Jun 5, 2026

HIGH.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - HIGH.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while ISAC.L is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 5 years, HIGH.L returned 2.71%/yr vs 12.45%/yr for ISAC.L. A 0.60 correlation means they provide meaningful diversification when combined. HIGH.L charges 0.50%/yr vs 0.20%/yr for ISAC.L.

Performance

HIGH.L vs. ISAC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) and iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HIGH.L is traded in EUR, while ISAC.L is traded in USD. To make them comparable, the ISAC.L 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 1.03% return, which is significantly lower than ISAC.L's 12.99% return.

HIGH.L

1D
0.13%
1M
0.90%
YTD
1.03%
6M
1.37%
1Y
3.20%
3Y*
6.34%
5Y*
2.71%
10Y*
—

ISAC.L

1D
0.00%
1M
5.12%
YTD
12.99%
6M
13.49%
1Y
26.84%
3Y*
18.03%
5Y*
12.45%
10Y*
12.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HIGH.L vs. ISAC.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HIGH.L
iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)		1.03%4.81%5.78%11.51%-9.32%2.82%1.10%9.76%-3.46%0.37%
ISAC.L
iShares MSCI ACWI UCITS ETF USD (Acc)		12.81%7.84%25.58%18.90%-13.09%27.74%6.13%28.61%-5.49%5.64%

Correlation

The correlation between HIGH.L and ISAC.L is 0.63, 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

0.63

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

0.56

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

0.58

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2017

0.60

The correlation between HIGH.L and ISAC.L has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.

HIGH.L vs. ISAC.L - Sectors Allocation Comparison

Sectors
HIGH.L
ISAC.L

Financial Services

100.0%
17.3%

Basic Materials

-

2.9%

Communication Services

-

8.6%

Consumer Cyclical

-

8.5%

Consumer Defensive

-

4.4%

Energy

-

3.6%

Healthcare

-

7.8%

Industrials

-

9.0%

Real Estate

-

1.2%

Technology

-

33.9%

Utilities

-

2.2%

Financial Services

HIGH.L
100.0%
ISAC.L
17.3%

Basic Materials

HIGH.L

-

ISAC.L
2.9%

Communication Services

HIGH.L

-

ISAC.L
8.6%

Consumer Cyclical

HIGH.L

-

ISAC.L
8.5%

Consumer Defensive

HIGH.L

-

ISAC.L
4.4%

Energy

HIGH.L

-

ISAC.L
3.6%

Healthcare

HIGH.L

-

ISAC.L
7.8%

Industrials

HIGH.L

-

ISAC.L
9.0%

Real Estate

HIGH.L

-

ISAC.L
1.2%

Technology

HIGH.L

-

ISAC.L
33.9%

Utilities

HIGH.L

-

ISAC.L
2.2%

Compare stocks, funds, or ETFs

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iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)

iShares MSCI ACWI UCITS ETF USD (Acc)

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Often compared with ISAC.L:
ISAC.L vs. VWRA.LISAC.L vs. SSAC.LISAC.L vs. IWDA.LISAC.L vs. VTISAC.L vs. SWDA.LISAC.L vs. VOOISAC.L vs. SWRD.L

Return for Risk

HIGH.L vs. ISAC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HIGH.L
HIGH.L Risk / Return Rank: 2727
Overall Rank
HIGH.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
HIGH.L Sortino Ratio Rank: 2727
Sortino Ratio Rank
HIGH.L Omega Ratio Rank: 2727
Omega Ratio Rank
HIGH.L Calmar Ratio Rank: 2424
Calmar Ratio Rank
HIGH.L Martin Ratio Rank: 3232
Martin Ratio Rank
ISAC.L
ISAC.L Risk / Return Rank: 7373
Overall Rank
ISAC.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
ISAC.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
ISAC.L Omega Ratio Rank: 7373
Omega Ratio Rank
ISAC.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
ISAC.L Martin Ratio Rank: 7474
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.

HIGH.L vs. ISAC.L - 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 iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.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.

HIGH.LISAC.LDifference
Sharpe ratioReturn per unit of total volatility
0.92
2.16

-1.24

Sortino ratioReturn per unit of downside risk
1.47
3.04

-1.57

Omega ratioGain probability vs. loss probability

1.18

1.40

-0.23

Calmar ratioReturn relative to maximum drawdown

1.11

4.19

-3.09

Martin ratioReturn relative to average drawdown

4.65

16.02

-11.37

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

HIGH.L vs. ISAC.L - Sharpe Ratio Comparison

The current HIGH.L Sharpe Ratio is 0.92, which is lower than the ISAC.L Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of HIGH.L and ISAC.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

HIGH.LISAC.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.92

2.16

-1.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

0.84

-0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.78

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

0.82

-0.45

Drawdowns

HIGH.L vs. ISAC.L - Drawdown Comparison

The maximum HIGH.L drawdown since its inception was -25.42%, smaller than the maximum ISAC.L drawdown of -33.27%. Use the drawdown chart below to compare losses from any high point for HIGH.L and ISAC.L.

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Drawdown Indicators

HIGH.LISAC.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.42%

-33.27%

+7.85%

Max Drawdown (1Y)

Largest decline over 1 year

-2.88%

-6.37%

+3.49%

Max Drawdown (3Y)

Largest decline over 3 years

-3.70%

-20.27%

+16.57%

Max Drawdown (5Y)

Largest decline over 5 years

-14.64%

-20.27%

+5.63%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.27%

—

Current Drawdown

Current decline from peak

-0.14%

-0.40%

+0.26%

Average Drawdown

Average peak-to-trough decline

-2.72%

-4.42%

+1.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.69%

1.67%

-0.98%

Volatility

HIGH.L vs. ISAC.L - Volatility Comparison

The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) is 1.09%, while iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) has a volatility of 3.47%. This indicates that HIGH.L experiences smaller price fluctuations and is considered to be less risky than ISAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HIGH.LISAC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.09%

3.47%

-2.38%

Volatility (6M)

Calculated over the trailing 6-month period

2.91%

9.30%

-6.39%

Volatility (1Y)

Calculated over the trailing 1-year period

3.46%

12.39%

-8.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.32%

14.81%

-9.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.15%

15.83%

-8.68%

HIGH.L vs. ISAC.L - Expense Ratio Comparison

HIGH.L has a 0.50% expense ratio, which is higher than ISAC.L's 0.20% expense ratio.

Dividends

HIGH.L vs. ISAC.L - Dividend Comparison

Neither HIGH.L nor ISAC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

HIGH.L and ISAC.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ISAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.50% for HIGH.L.

HIGH.L is categorized as European High Yield Bonds, while ISAC.L is Global Equities. HIGH.L tracks Bloomberg Pan Euro HY Euro TR EUR, while ISAC.L tracks MSCI ACWI Index. Their fees differ too: 0.50% for HIGH.L and 0.20% for ISAC.L.

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