HYXU vs. WIP

Last updated Jun 3, 2026

HYXU (iShares Euro High Yield Corporate Bond USD Hedged ETF) and WIP (SPDR FTSE International Government Inflation-Protected Bond ETF) are both exchange-traded funds - HYXU is a High Yield Bonds fund tracking the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index, while WIP is a Inflation-Protected Bonds fund tracking the FTSE International Inflation-Linked Securities Select (USD). Both are passively managed. HYXU charges 0.35%/yr vs 0.50%/yr for WIP.

Performance

HYXU vs. WIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU) and SPDR FTSE International Government Inflation-Protected Bond ETF (WIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYXU

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WIP

• 1D: 0.22%
• 1M: 0.53%
• YTD: 5.06%
• 6M: 6.53%
• 1Y: 10.65%
• 3Y*: 5.34%
• 5Y*: -0.36%
• 10Y*: 1.68%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYXU vs. WIP - Yearly Performance Comparison

	2026 (YTD)
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%
WIP SPDR FTSE International Government Inflation-Protected Bond ETF	-0.21%

Return for Risk

HYXU vs. WIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WIP

WIP Risk / Return Rank: 37
WIP Sharpe Ratio Rank: 34
WIP Sortino Ratio Rank: 32
WIP Omega Ratio Rank: 31
WIP Calmar Ratio Rank: 45
WIP Martin Ratio Rank: 42

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.

HYXU vs. WIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU) and SPDR FTSE International Government Inflation-Protected Bond ETF (WIP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HYXU	WIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.23	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.03	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.13	—

Drawdowns

HYXU vs. WIP - Drawdown Comparison

The maximum HYXU drawdown since its inception was 0.00%, smaller than the maximum WIP drawdown of -29.60%. Use the drawdown chart below to compare losses from any high point for HYXU and WIP.

Drawdown Indicators

	HYXU	WIP	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-29.60%	+29.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.16%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.84%	—
Current Drawdown Current decline from peak	0.00%	-3.17%	+3.17%
Average Drawdown Average peak-to-trough decline	0.00%	-8.58%	+8.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.72%	—

Volatility

Volatility by Period

	HYXU	WIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	8.74%	-8.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	11.45%	-11.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	10.16%	-10.16%

HYXU vs. WIP - Expense Ratio Comparison

HYXU has a 0.35% expense ratio, which is lower than WIP's 0.50% expense ratio.

Dividends

HYXU vs. WIP - Dividend Comparison

HYXU has not paid dividends to shareholders, while WIP's dividend yield for the trailing twelve months is around 5.75%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WIP SPDR FTSE International Government Inflation-Protected Bond ETF	5.75%	5.51%	6.06%	6.54%	11.15%	4.63%	1.59%	2.49%	4.05%	1.91%	1.27%	1.14%

Frequently Asked Questions

Which ETF is better, HYXU or WIP?

On fees, HYXU is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYXU or WIP?

HYXU is cheaper with a 0.35% expense ratio, compared with 0.50% for WIP.

Which ETF pays a higher dividend yield, HYXU or WIP?

WIP has the higher dividend yield at 5.75%, compared with 0.00% for HYXU.

What is the main difference between HYXU and WIP?

HYXU is categorized as High Yield Bonds, while WIP is Inflation-Protected Bonds. HYXU tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index, while WIP tracks FTSE International Inflation-Linked Securities Select (USD). They also come from different issuers: iShares and State Street. Their fees differ too: 0.35% for HYXU and 0.50% for WIP.