LQDA.L vs. SHYU.L
LQDA.L (iShares USD Corporate Bond UCITS ETF (Acc)) and SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) are both Corporate Bonds funds from iShares - LQDA.L tracks the Bloomberg US Corp Bond TR USD while SHYU.L tracks the Markit iBoxx USD Liquid High Yield Capped Index. Both are passively managed. Over the past 5 years, LQDA.L returned -0.09%/yr vs 3.95%/yr for SHYU.L. At a 0.34 correlation, their price movements are largely independent. LQDA.L charges 0.20%/yr vs 0.50%/yr for SHYU.L.
Performance
LQDA.L vs. SHYU.L - Performance Comparison
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Different Trading Currencies
LQDA.L is traded in USD, while SHYU.L is traded in GBP. To make them comparable, the SHYU.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LQDA.L achieves a 0.79% return, which is significantly lower than SHYU.L's 1.45% return.
LQDA.L
- 1D
- 0.63%
- 1M
- 1.59%
- YTD
- 0.79%
- 6M
- 1.27%
- 1Y
- 5.28%
- 3Y*
- 5.14%
- 5Y*
- -0.09%
- 10Y*
- —
SHYU.L
- 1D
- 0.08%
- 1M
- 0.88%
- YTD
- 1.45%
- 6M
- 1.99%
- 1Y
- 6.25%
- 3Y*
- 8.60%
- 5Y*
- 3.95%
- 10Y*
- 5.11%
LQDA.L vs. SHYU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDA.L iShares USD Corporate Bond UCITS ETF (Acc) | 0.79% | 8.02% | 1.21% | 9.01% | -17.75% | -1.66% | 10.56% | 18.32% | -4.38% | 4.60% |
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | 1.45% | 9.63% | 6.74% | 10.25% | -8.87% | 4.01% | 4.71% | 13.50% | -1.52% | 2.80% |
Correlation
The correlation between LQDA.L and SHYU.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2017 | 0.34 |
The correlation between LQDA.L and SHYU.L shifts across timeframes, from 0.31 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LQDA.L vs. SHYU.L — Risk / Return Rank
LQDA.L
SHYU.L
LQDA.L vs. SHYU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L) and iShares $ High Yield Corp Bond UCITS ETF (SHYU.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.
| LQDA.L | SHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.09 | -0.48 |
| Martin ratioReturn relative to average drawdown | 4.34 | 9.62 | -5.29 |
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Drawdowns
LQDA.L vs. SHYU.L - Drawdown Comparison
The maximum LQDA.L drawdown since its inception was -25.10%, smaller than the maximum SHYU.L drawdown of -39.31%. Use the drawdown chart below to compare losses from any high point for LQDA.L and SHYU.L.
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Drawdown Indicators
| LQDA.L | SHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -39.31% | +14.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | -2.98% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -7.94% | -4.36% | -3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -14.17% | -10.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.62% | — |
Current DrawdownCurrent decline from peak | -2.85% | -0.17% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -8.96% | +2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.65% | +0.57% |
Volatility
LQDA.L vs. SHYU.L - Volatility Comparison
The current volatility for iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L) is 1.42%, while iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) has a volatility of 1.76%. This indicates that LQDA.L experiences smaller price fluctuations and is considered to be less risky than SHYU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDA.L | SHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.76% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.23% | 3.98% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 4.96% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.52% | 7.48% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.13% | 8.34% | +0.79% |
LQDA.L vs. SHYU.L - Expense Ratio Comparison
LQDA.L has a 0.20% expense ratio, which is lower than SHYU.L's 0.50% expense ratio.
Dividends
LQDA.L vs. SHYU.L - Dividend Comparison
LQDA.L has not paid dividends to shareholders, while SHYU.L's dividend yield for the trailing twelve months is around 6.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDA.L iShares USD Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | 6.15% | 6.25% | 6.32% | 5.76% | 4.82% | 4.27% | 5.16% | 5.58% | 5.52% | 5.74% | 5.16% | 5.87% |
Frequently Asked Questions
LQDA.L and SHYU.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LQDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LQDA.L is cheaper with a 0.20% expense ratio, compared with 0.50% for SHYU.L.
LQDA.L tracks Bloomberg US Corp Bond TR USD, while SHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index. Their fees differ too: 0.20% for LQDA.L and 0.50% for SHYU.L.
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