HYGU.L vs. IWDA.L
HYGU.L (iShares € High Yield Corp Bond UCITS ETF) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - HYGU.L is a High Yield Bonds fund tracking the iShares € High Yield Corp Bond UCITS ETF, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 5 years, HYGU.L returned 4.58%/yr vs 11.60%/yr for IWDA.L. A 0.67 correlation means they provide meaningful diversification when combined. HYGU.L charges 0.55%/yr vs 0.20%/yr for IWDA.L.
Performance
HYGU.L vs. IWDA.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 IWDA.L's 10.17% 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*
- —
IWDA.L
- 1D
- 0.19%
- 1M
- 0.21%
- 6M
- 9.01%
- YTD
- 10.17%
- 1Y
- 22.01%
- 3Y*
- 18.87%
- 5Y*
- 11.60%
- 10Y*
- 12.99%
HYGU.L vs. IWDA.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% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.17% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 4.81% |
Correlation
The correlation between HYGU.L and IWDA.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | 0.67 |
The correlation between HYGU.L and IWDA.L has been stable across timeframes, ranging from 0.60 to 0.69 - a consistent structural relationship.
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Return for Risk
HYGU.L vs. IWDA.L — Risk / Return Rank
HYGU.L
IWDA.L
HYGU.L vs. IWDA.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 Core MSCI World UCITS ETF USD (Acc) (IWDA.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 | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.64 | -0.64 |
| Martin ratioReturn relative to average drawdown | 8.61 | 10.75 | -2.15 |
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Drawdowns
HYGU.L vs. IWDA.L - Drawdown Comparison
The maximum HYGU.L drawdown since its inception was -25.03%, smaller than the maximum IWDA.L drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for HYGU.L and IWDA.L.
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Drawdown Indicators
| HYGU.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.03% | -34.11% | +9.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -8.31% | +5.71% |
Max Drawdown (3Y)Largest decline over 3 years | -3.62% | -16.94% | +13.32% |
Max Drawdown (5Y)Largest decline over 5 years | -13.61% | -25.88% | +12.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.11% | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.12% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -4.39% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 2.04% | -1.43% |
Volatility
HYGU.L vs. IWDA.L - Volatility Comparison
The current volatility for iShares € High Yield Corp Bond UCITS ETF (HYGU.L) is 0.62%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 2.72%. This indicates that HYGU.L experiences smaller price fluctuations and is considered to be less risky than IWDA.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 | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 2.72% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 9.80% | -6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 12.26% | -8.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 15.73% | -10.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 15.78% | -8.68% |
HYGU.L vs. IWDA.L - Expense Ratio Comparison
HYGU.L has a 0.55% expense ratio, which is higher than IWDA.L's 0.20% expense ratio.
Dividends
HYGU.L vs. IWDA.L - Dividend Comparison
Neither HYGU.L nor IWDA.L has paid dividends to shareholders.
Frequently Asked Questions
HYGU.L and IWDA.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.55% for HYGU.L.
HYGU.L is categorized as High Yield Bonds, while IWDA.L is Global Equities. HYGU.L tracks iShares € High Yield Corp Bond UCITS ETF, while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.55% for HYGU.L and 0.20% for IWDA.L.
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