IHYG.L vs. BATS.L
IHYG.L (iShares € High Yield Corp Bond UCITS ETF EUR (Dist)) is European High Yield Bonds fund tracking the Markit iBoxx Euro Liquid High Yield Index, while BATS.L (British American Tobacco plc) is a stock. Over the past 10 years, IHYG.L returned 3.09%/yr vs 6.34%/yr for BATS.L. At a 0.21 correlation, their price movements are largely independent.
Performance
IHYG.L vs. BATS.L - Performance Comparison
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Different Trading Currencies
IHYG.L is traded in EUR, while BATS.L is traded in GBp. To make them comparable, the BATS.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IHYG.L achieves a 0.54% return, which is significantly lower than BATS.L's 8.58% return. Over the past 10 years, IHYG.L has underperformed BATS.L with an annualized return of 3.09%, while BATS.L has yielded a comparatively higher 6.34% annualized return.
IHYG.L
- 1D
- -0.07%
- 1M
- 0.31%
- YTD
- 0.54%
- 6M
- 1.38%
- 1Y
- 2.99%
- 3Y*
- 6.08%
- 5Y*
- 2.59%
- 10Y*
- 3.09%
BATS.L
- 1D
- 1.41%
- 1M
- 4.73%
- YTD
- 8.58%
- 6M
- 7.60%
- 1Y
- 31.48%
- 3Y*
- 29.42%
- 5Y*
- 18.41%
- 10Y*
- 6.34%
IHYG.L vs. BATS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHYG.L iShares € High Yield Corp Bond UCITS ETF EUR (Dist) | 0.54% | 5.32% | 5.71% | 11.34% | -9.47% | 3.04% | 1.14% | 9.70% | -3.57% | 4.81% |
BATS.L British American Tobacco plc | 8.58% | 48.20% | 43.86% | -21.89% | 21.57% | 16.20% | -14.52% | 47.09% | -47.80% | 8.92% |
Correlation
The correlation between IHYG.L and BATS.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 | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2010 | 0.21 |
The correlation between IHYG.L and BATS.L shifts across timeframes, from 0.03 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IHYG.L vs. BATS.L — Risk / Return Rank
IHYG.L
BATS.L
IHYG.L vs. BATS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) and British American Tobacco plc (BATS.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.
| IHYG.L | BATS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 2.25 | -1.17 |
| Martin ratioReturn relative to average drawdown | 4.47 | 5.45 | -0.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IHYG.L | BATS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.38 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.89 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.26 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.32 | +0.31 |
Drawdowns
IHYG.L vs. BATS.L - Drawdown Comparison
The maximum IHYG.L drawdown since its inception was -25.61%, smaller than the maximum BATS.L drawdown of -54.35%. Use the drawdown chart below to compare losses from any high point for IHYG.L and BATS.L.
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Drawdown Indicators
| IHYG.L | BATS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.61% | -54.35% | +28.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -13.95% | +11.19% |
Max Drawdown (3Y)Largest decline over 3 years | -3.89% | -14.23% | +10.34% |
Max Drawdown (5Y)Largest decline over 5 years | -14.59% | -29.53% | +14.94% |
Max Drawdown (10Y)Largest decline over 10 years | -25.61% | -54.35% | +28.74% |
Current DrawdownCurrent decline from peak | -0.32% | -9.31% | +8.99% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -17.00% | +14.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 5.76% | -5.09% |
Volatility
IHYG.L vs. BATS.L - Volatility Comparison
The current volatility for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) is 0.94%, while British American Tobacco plc (BATS.L) has a volatility of 9.98%. This indicates that IHYG.L experiences smaller price fluctuations and is considered to be less risky than BATS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHYG.L | BATS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 9.98% | -9.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 18.29% | -15.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.56% | 22.68% | -19.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 20.79% | -15.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.79% | 24.29% | -17.50% |
Dividends
IHYG.L vs. BATS.L - Dividend Comparison
IHYG.L's dividend yield for the trailing twelve months is around 5.18%, less than BATS.L's 5.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BATS.L British American Tobacco plc | 5.40% | 5.70% | 8.18% | 10.06% | 6.64% | 7.89% | 7.77% | 6.28% | 7.81% | 4.35% | 0.00% | 0.00% |
IHYG.L iShares € High Yield Corp Bond UCITS ETF EUR (Dist) | 5.18% | 5.44% | 6.10% | 5.41% | 3.70% | 3.07% | 3.67% | 3.76% | 3.68% | 3.77% | 4.03% | 4.59% |
Frequently Asked Questions
IHYG.L and BATS.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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