IGHY.L vs. BIPS.L
IGHY.L (iShares Global High Yield Corporate Bond UCITS ETF) is High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD, while BIPS.L (Invesco Bond Income Plus Limited) is a stock. Over the past 10 years, IGHY.L returned 4.73%/yr vs 6.42%/yr for BIPS.L. At a 0.07 correlation, their price movements are largely independent.
Performance
IGHY.L vs. BIPS.L - Performance Comparison
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Different Trading Currencies
IGHY.L is traded in GBP, while BIPS.L is traded in GBp. To make them comparable, the BIPS.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGHY.L achieves a 1.97% return, which is significantly lower than BIPS.L's 3.29% return. Over the past 10 years, IGHY.L has underperformed BIPS.L with an annualized return of 4.73%, while BIPS.L has yielded a comparatively higher 6.42% annualized return.
IGHY.L
- 1D
- -0.18%
- 1M
- 1.45%
- YTD
- 1.97%
- 6M
- 2.46%
- 1Y
- 7.50%
- 3Y*
- 7.21%
- 5Y*
- 4.04%
- 10Y*
- 4.73%
BIPS.L
- 1D
- 0.29%
- 1M
- 1.45%
- YTD
- 3.29%
- 6M
- 2.99%
- 1Y
- 8.24%
- 3Y*
- 9.82%
- 5Y*
- 5.81%
- 10Y*
- 6.42%
IGHY.L vs. BIPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | 1.97% | 6.85% | 4.14% | 7.22% | -1.28% | 0.55% | 4.60% | 8.17% | 1.66% | -0.16% |
BIPS.L Invesco Bond Income Plus Limited | 3.29% | 8.04% | 8.84% | 10.52% | -5.13% | 4.18% | 1.80% | 18.73% | -7.60% | 9.93% |
Correlation
The correlation between IGHY.L and BIPS.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2012 | 0.07 |
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Return for Risk
IGHY.L vs. BIPS.L — Risk / Return Rank
IGHY.L
BIPS.L
IGHY.L vs. BIPS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) and Invesco Bond Income Plus Limited (BIPS.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.
| IGHY.L | BIPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 3.04 | +0.03 |
| Martin ratioReturn relative to average drawdown | 8.84 | 11.19 | -2.35 |
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Drawdowns
IGHY.L vs. BIPS.L - Drawdown Comparison
The maximum IGHY.L drawdown since its inception was -37.01%, smaller than the maximum BIPS.L drawdown of -50.42%. Use the drawdown chart below to compare losses from any high point for IGHY.L and BIPS.L.
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Drawdown Indicators
| IGHY.L | BIPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.01% | -50.42% | +13.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -2.70% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -3.67% | -4.72% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -9.37% | -23.39% | +14.02% |
Max Drawdown (10Y)Largest decline over 10 years | -16.67% | -38.38% | +21.71% |
Current DrawdownCurrent decline from peak | -0.18% | 0.00% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -9.96% | -5.20% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.73% | +0.12% |
Volatility
IGHY.L vs. BIPS.L - Volatility Comparison
iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) and Invesco Bond Income Plus Limited (BIPS.L) have volatilities of 1.26% and 1.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGHY.L | BIPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.21% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 3.86% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 5.02% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.42% | 17.61% | -11.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.14% | 19.14% | -11.00% |
Dividends
IGHY.L vs. BIPS.L - Dividend Comparison
IGHY.L's dividend yield for the trailing twelve months is around 7.01%, which matches BIPS.L's 7.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIPS.L Invesco Bond Income Plus Limited | 7.02% | 7.00% | 6.61% | 6.73% | 6.70% | 5.61% | 5.27% | 5.08% | 5.71% | 5.01% | 5.24% | 5.53% |
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | 7.01% | 5.40% | 5.45% | 4.87% | 3.93% | 3.83% | 4.75% | 4.93% | 4.70% | 4.98% | 4.56% | 5.12% |
Frequently Asked Questions
IGHY.L and BIPS.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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