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IHYG.L vs. VYM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IHYG.L vs. VYM

Last updated Jun 9, 2026

IHYG.L (iShares € High Yield Corp Bond UCITS ETF EUR (Dist)) and VYM (Vanguard High Dividend Yield ETF) are both exchange-traded funds - IHYG.L is a European High Yield Bonds fund tracking the Markit iBoxx Euro Liquid High Yield Index, while VYM is a Dividend fund tracking the FTSE High Dividend Yield Index. Both are passively managed. Over the past 10 years, IHYG.L returned 3.09%/yr vs 11.42%/yr for VYM. At a 0.26 correlation, their price movements are largely independent. IHYG.L charges 0.50%/yr vs 0.04%/yr for VYM.

Performance

IHYG.L vs. VYM - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) and Vanguard High Dividend Yield ETF (VYM). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IHYG.L is traded in EUR, while VYM is traded in USD. To make them comparable, the VYM 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 VYM's 12.86% return. Over the past 10 years, IHYG.L has underperformed VYM with an annualized return of 3.09%, while VYM has yielded a comparatively higher 11.42% 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%

VYM

1D
-0.19%
1M
3.93%
YTD
12.86%
6M
11.58%
1Y
22.78%
3Y*
15.16%
5Y*
12.55%
10Y*
11.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IHYG.L vs. VYM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VYM
Vanguard High Dividend Yield ETF		12.86%1.73%25.36%3.38%5.74%35.64%-7.19%26.87%-1.51%2.11%

Correlation

The correlation between IHYG.L and VYM is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.29

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (10Y)
Calculated over the trailing 10-year period

0.28

Correlation (All Time)
Calculated using the full available price history since Sep 6, 2010

0.26

IHYG.L vs. VYM - Sectors Allocation Comparison

Sectors
IHYG.L
VYM

Financial Services

100.0%
20.5%

Basic Materials

-

3.5%

Communication Services

-

3.5%

Consumer Cyclical

-

6.7%

Consumer Defensive

-

8.1%

Energy

-

9.8%

Healthcare

-

12.2%

Industrials

-

12.1%

Real Estate

-

0.0%

Technology

-

17.7%

Utilities

-

5.7%

Financial Services

IHYG.L
100.0%
VYM
20.5%

Basic Materials

IHYG.L

-

VYM
3.5%

Communication Services

IHYG.L

-

VYM
3.5%

Consumer Cyclical

IHYG.L

-

VYM
6.7%

Consumer Defensive

IHYG.L

-

VYM
8.1%

Energy

IHYG.L

-

VYM
9.8%

Healthcare

IHYG.L

-

VYM
12.2%

Industrials

IHYG.L

-

VYM
12.1%

Real Estate

IHYG.L

-

VYM
0.0%

Technology

IHYG.L

-

VYM
17.7%

Utilities

IHYG.L

-

VYM
5.7%

Compare stocks, funds, or ETFs

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iShares € High Yield Corp Bond UCITS ETF EUR (Dist)

Vanguard High Dividend Yield ETF

Often compared with IHYG.L:
IHYG.L vs. IEAC.ASIHYG.L vs. XHYA.DEIHYG.L vs. XAT1.DEIHYG.L vs. GLDIHYG.L vs. SDHA.LIHYG.L vs. YIEL.LIHYG.L vs. XHYG.L
Often compared with VYM:
VYM vs. SCHDVYM vs. VIGVYM vs. VYMIVYM vs. FDVVVYM vs. VOOVYM vs. VTIVYM vs. DGRO

Return for Risk

IHYG.L vs. VYM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IHYG.L
IHYG.L Risk / Return Rank: 2828
Overall Rank
IHYG.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IHYG.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
IHYG.L Omega Ratio Rank: 2626
Omega Ratio Rank
IHYG.L Calmar Ratio Rank: 2525
Calmar Ratio Rank
IHYG.L Martin Ratio Rank: 3333
Martin Ratio Rank
VYM
VYM Risk / Return Rank: 8080
Overall Rank
VYM Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
VYM Sortino Ratio Rank: 8383
Sortino Ratio Rank
VYM Omega Ratio Rank: 8080
Omega Ratio Rank
VYM Calmar Ratio Rank: 7878
Calmar Ratio Rank
VYM Martin Ratio Rank: 7878
Martin Ratio Rank
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.

IHYG.L vs. VYM - 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 Vanguard High Dividend Yield ETF (VYM). 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.LVYMDifference
Sharpe ratioReturn per unit of total volatility
0.84
2.13

-1.29

Sortino ratioReturn per unit of downside risk
1.36
2.88

-1.52

Omega ratioGain probability vs. loss probability

1.16

1.38

-0.22

Calmar ratioReturn relative to maximum drawdown

1.08

4.72

-3.64

Martin ratioReturn relative to average drawdown

4.47

16.20

-11.72

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IHYG.L vs. VYM - Sharpe Ratio Comparison

The current IHYG.L Sharpe Ratio is 0.84, which is lower than the VYM Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of IHYG.L and VYM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IHYG.LVYMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.84

2.13

-1.29

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

0.67

-0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.54

+0.09

Drawdowns

IHYG.L vs. VYM - Drawdown Comparison

The maximum IHYG.L drawdown since its inception was -25.61%, smaller than the maximum VYM drawdown of -51.83%. Use the drawdown chart below to compare losses from any high point for IHYG.L and VYM.

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Drawdown Indicators

IHYG.LVYMDifference

Max Drawdown

Largest peak-to-trough decline

-25.61%

-51.83%

+26.22%

Max Drawdown (1Y)

Largest decline over 1 year

-2.76%

-4.85%

+2.09%

Max Drawdown (3Y)

Largest decline over 3 years

-3.89%

-19.91%

+16.02%

Max Drawdown (5Y)

Largest decline over 5 years

-14.59%

-19.91%

+5.32%

Max Drawdown (10Y)

Largest decline over 10 years

-25.61%

-34.24%

+8.63%

Current Drawdown

Current decline from peak

-0.32%

-1.07%

+0.75%

Average Drawdown

Average peak-to-trough decline

-2.04%

-8.16%

+6.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.67%

1.41%

-0.74%

Volatility

IHYG.L vs. VYM - Volatility Comparison

The current volatility for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) is 0.94%, while Vanguard High Dividend Yield ETF (VYM) has a volatility of 2.53%. This indicates that IHYG.L experiences smaller price fluctuations and is considered to be less risky than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IHYG.LVYMDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.94%

2.53%

-1.59%

Volatility (6M)

Calculated over the trailing 6-month period

3.07%

7.84%

-4.77%

Volatility (1Y)

Calculated over the trailing 1-year period

3.56%

10.75%

-7.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.44%

14.22%

-8.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.79%

17.09%

-10.30%

IHYG.L vs. VYM - Expense Ratio Comparison

IHYG.L has a 0.50% expense ratio, which is higher than VYM's 0.04% expense ratio.

Dividends

IHYG.L vs. VYM - Dividend Comparison

IHYG.L's dividend yield for the trailing twelve months is around 5.18%, more than VYM's 2.22% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VYM
Vanguard High Dividend Yield ETF		2.22%2.44%2.74%3.12%3.01%2.76%3.18%3.03%3.40%2.80%2.91%3.22%

Frequently Asked Questions

IHYG.L and VYM have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VYM is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VYM is cheaper with a 0.04% expense ratio, compared with 0.50% for IHYG.L.

IHYG.L is categorized as European High Yield Bonds, while VYM is Dividend. IHYG.L tracks Markit iBoxx Euro Liquid High Yield Index, while VYM tracks FTSE High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for IHYG.L and 0.04% for VYM.

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