HYGU.L vs. IUIT.L
HYGU.L (iShares € High Yield Corp Bond UCITS ETF) and IUIT.L (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - HYGU.L is a High Yield Bonds fund tracking the iShares € High Yield Corp Bond UCITS ETF, while IUIT.L is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 5 years, HYGU.L returned 4.58%/yr vs 21.03%/yr for IUIT.L. A 0.55 correlation means they provide meaningful diversification when combined. HYGU.L charges 0.55%/yr vs 0.15%/yr for IUIT.L.
Performance
HYGU.L vs. IUIT.L - Performance Comparison
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Returns By Period
In the year-to-date period, HYGU.L achieves a 2.18% return, which is significantly lower than IUIT.L's 17.06% return.
HYGU.L
- 1D
- -0.03%
- 1M
- 0.24%
- 6M
- 2.18%
- YTD
- 2.18%
- 1Y
- 5.22%
- 3Y*
- 8.18%
- 5Y*
- 4.58%
- 10Y*
- —
IUIT.L
- 1D
- -0.78%
- 1M
- -2.95%
- 6M
- 19.62%
- YTD
- 17.06%
- 1Y
- 31.65%
- 3Y*
- 29.24%
- 5Y*
- 21.03%
- 10Y*
- 25.50%
HYGU.L vs. IUIT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYGU.L iShares € High Yield Corp Bond UCITS ETF | 2.18% | 7.24% | 7.29% | 13.55% | -7.14% | 3.72% | 2.16% | 12.83% | -0.86% | 0.71% |
IUIT.L iShares S&P 500 Information Technology Sector UCITS ETF | 17.06% | 22.93% | 38.51% | 59.45% | -29.15% | 34.09% | 43.14% | 48.83% | -1.41% | 1.57% |
Correlation
The correlation between HYGU.L and IUIT.L is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | 0.55 |
The correlation between HYGU.L and IUIT.L shifts across timeframes, from 0.43 (3 years) to 0.55 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYGU.L vs. IUIT.L — Risk / Return Rank
HYGU.L
IUIT.L
HYGU.L vs. IUIT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € High Yield Corp Bond UCITS ETF (HYGU.L) and iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.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.
| HYGU.L | IUIT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.85 | +0.15 |
| Martin ratioReturn relative to average drawdown | 8.61 | 4.97 | +3.64 |
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Drawdowns
HYGU.L vs. IUIT.L - Drawdown Comparison
The maximum HYGU.L drawdown since its inception was -25.03%, smaller than the maximum IUIT.L drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for HYGU.L and IUIT.L.
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Drawdown Indicators
| HYGU.L | IUIT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.03% | -33.46% | +8.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -17.03% | +14.43% |
Max Drawdown (3Y)Largest decline over 3 years | -3.62% | -26.40% | +22.78% |
Max Drawdown (5Y)Largest decline over 5 years | -13.61% | -33.46% | +19.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.46% | — |
Current DrawdownCurrent decline from peak | -0.16% | -7.85% | +7.69% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -5.91% | +3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 6.35% | -5.74% |
Volatility
HYGU.L vs. IUIT.L - Volatility Comparison
The current volatility for iShares € High Yield Corp Bond UCITS ETF (HYGU.L) is 0.62%, while iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) has a volatility of 7.15%. This indicates that HYGU.L experiences smaller price fluctuations and is considered to be less risky than IUIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYGU.L | IUIT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 7.15% | -6.53% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 17.59% | -14.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 22.08% | -18.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 23.96% | -18.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 22.32% | -15.22% |
HYGU.L vs. IUIT.L - Expense Ratio Comparison
HYGU.L has a 0.55% expense ratio, which is higher than IUIT.L's 0.15% expense ratio.
Dividends
HYGU.L vs. IUIT.L - Dividend Comparison
Neither HYGU.L nor IUIT.L has paid dividends to shareholders.
Frequently Asked Questions
HYGU.L and IUIT.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUIT.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUIT.L is cheaper with a 0.15% expense ratio, compared with 0.55% for HYGU.L.
HYGU.L is categorized as High Yield Bonds, while IUIT.L is Technology Equities. HYGU.L tracks iShares € High Yield Corp Bond UCITS ETF, while IUIT.L tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.55% for HYGU.L and 0.15% for IUIT.L.
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