SHYG.L vs. DVYE
SHYG.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and DVYE (iShares Emerging Markets Dividend ETF) are both exchange-traded funds - SHYG.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while DVYE is a Emerging Markets Equities fund tracking the Dow Jones Emerging Markets Select Dividend Index. Both are passively managed. Over the past 10 years, SHYG.L returned 3.56%/yr vs 8.61%/yr for DVYE. At a 0.28 correlation, their price movements are largely independent. SHYG.L charges 0.50%/yr vs 0.49%/yr for DVYE.
Performance
SHYG.L vs. DVYE - Performance Comparison
Loading charts...
Different Trading Currencies
SHYG.L is traded in GBP, while DVYE is traded in USD. To make them comparable, the DVYE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SHYG.L achieves a -2.59% return, which is significantly lower than DVYE's 11.19% return. Over the past 10 years, SHYG.L has underperformed DVYE with an annualized return of 3.56%, while DVYE has yielded a comparatively higher 8.61% annualized return.
SHYG.L
- 1D
- 0.24%
- 1M
- 1.24%
- YTD
- -2.59%
- 6M
- -1.99%
- 1Y
- 0.73%
- 3Y*
- 4.65%
- 5Y*
- 1.78%
- 10Y*
- 3.56%
DVYE
- 1D
- 0.23%
- 1M
- -1.18%
- YTD
- 11.19%
- 6M
- 10.37%
- 1Y
- 29.84%
- 3Y*
- 19.00%
- 5Y*
- 5.97%
- 10Y*
- 8.61%
SHYG.L vs. DVYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHYG.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | -2.59% | 7.69% | 0.97% | 9.31% | -4.42% | -3.69% | 6.60% | 4.45% | -2.62% | 8.25% |
DVYE iShares Emerging Markets Dividend ETF | 11.19% | 19.21% | 10.80% | 14.84% | -23.22% | 12.07% | -5.37% | 11.02% | 0.04% | 16.05% |
Correlation
The correlation between SHYG.L and DVYE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2012 | 0.28 |
The correlation between SHYG.L and DVYE shifts across timeframes, from 0.19 (1 year) to 0.31 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SHYG.L vs. DVYE — Risk / Return Rank
SHYG.L
DVYE
SHYG.L vs. DVYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L) and iShares Emerging Markets Dividend ETF (DVYE). 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.
| SHYG.L | DVYE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.43 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 6.01 | -5.90 |
| Martin ratioReturn relative to average drawdown | 0.29 | 15.22 | -14.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SHYG.L | DVYE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 2.41 | -2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.40 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.49 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.24 | +0.16 |
Drawdowns
SHYG.L vs. DVYE - Drawdown Comparison
The maximum SHYG.L drawdown since its inception was -22.96%, smaller than the maximum DVYE drawdown of -42.53%. Use the drawdown chart below to compare losses from any high point for SHYG.L and DVYE.
Loading charts...
Drawdown Indicators
| SHYG.L | DVYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.96% | -42.53% | +19.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.43% | -4.99% | -1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -6.43% | -12.49% | +6.06% |
Max Drawdown (5Y)Largest decline over 5 years | -15.33% | -30.10% | +14.77% |
Max Drawdown (10Y)Largest decline over 10 years | -22.96% | -30.97% | +8.01% |
Current DrawdownCurrent decline from peak | -3.57% | -3.14% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -12.14% | +7.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 1.97% | +0.52% |
Volatility
SHYG.L vs. DVYE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L) is 1.44%, while iShares Emerging Markets Dividend ETF (DVYE) has a volatility of 4.48%. This indicates that SHYG.L experiences smaller price fluctuations and is considered to be less risky than DVYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SHYG.L | DVYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 4.48% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.92% | 9.73% | -4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.28% | 12.42% | -6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 15.11% | -7.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.69% | 17.62% | -8.93% |
SHYG.L vs. DVYE - Expense Ratio Comparison
SHYG.L has a 0.50% expense ratio, which is higher than DVYE's 0.49% expense ratio.
Dividends
SHYG.L vs. DVYE - Dividend Comparison
SHYG.L has not paid dividends to shareholders, while DVYE's dividend yield for the trailing twelve months is around 5.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVYE iShares Emerging Markets Dividend ETF | 5.11% | 5.88% | 11.81% | 9.05% | 9.89% | 7.31% | 5.27% | 5.97% | 5.69% | 4.81% | 4.56% | 6.53% |
SHYG.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.00% | 2.75% | 6.24% | 5.39% | 3.58% | 3.13% | 3.66% | 3.86% | 3.65% | 3.74% | 3.83% | 4.55% |
Frequently Asked Questions
SHYG.L and DVYE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DVYE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DVYE is cheaper with a 0.49% expense ratio, compared with 0.50% for SHYG.L.
SHYG.L is categorized as European High Yield Bonds, while DVYE is Emerging Markets Equities. SHYG.L tracks Bloomberg Pan Euro HY Euro TR EUR, while DVYE tracks Dow Jones Emerging Markets Select Dividend Index. Their fees differ too: 0.50% for SHYG.L and 0.49% for DVYE.
Find the right allocation for SHYG.L and DVYE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer