SHYG.L vs. ENEL.MI
SHYG.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) is European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while ENEL.MI (Enel SpA) is a stock. Over the past 10 years, SHYG.L returned 3.56%/yr vs 15.56%/yr for ENEL.MI. At a 0.33 correlation, their price movements are largely independent.
Performance
SHYG.L vs. ENEL.MI - Performance Comparison
Loading charts...
Different Trading Currencies
SHYG.L is traded in GBP, while ENEL.MI is traded in EUR. To make them comparable, the ENEL.MI 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 ENEL.MI's 9.61% return. Over the past 10 years, SHYG.L has underperformed ENEL.MI with an annualized return of 3.56%, while ENEL.MI has yielded a comparatively higher 15.56% 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%
ENEL.MI
- 1D
- 1.04%
- 1M
- -1.25%
- YTD
- 9.61%
- 6M
- 10.09%
- 1Y
- 28.85%
- 3Y*
- 24.47%
- 5Y*
- 10.64%
- 10Y*
- 15.56%
SHYG.L vs. ENEL.MI - 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% |
ENEL.MI Enel SpA | 9.61% | 44.47% | 4.45% | 40.37% | -19.51% | -17.39% | 28.81% | 39.62% | 1.98% | 31.10% |
Correlation
The correlation between SHYG.L and ENEL.MI is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2010 | 0.33 |
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. ENEL.MI — Risk / Return Rank
SHYG.L
ENEL.MI
SHYG.L vs. ENEL.MI - 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 Enel SpA (ENEL.MI). 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 | ENEL.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.28 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 2.35 | -2.24 |
| Martin ratioReturn relative to average drawdown | 0.29 | 7.11 | -6.82 |
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 | ENEL.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 1.48 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.50 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.67 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.32 | +0.08 |
Drawdowns
SHYG.L vs. ENEL.MI - Drawdown Comparison
The maximum SHYG.L drawdown since its inception was -22.96%, smaller than the maximum ENEL.MI drawdown of -57.92%. Use the drawdown chart below to compare losses from any high point for SHYG.L and ENEL.MI.
Loading charts...
Drawdown Indicators
| SHYG.L | ENEL.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.96% | -57.92% | +34.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.43% | -12.28% | +5.85% |
Max Drawdown (3Y)Largest decline over 3 years | -6.43% | -13.95% | +7.52% |
Max Drawdown (5Y)Largest decline over 5 years | -15.33% | -45.77% | +30.44% |
Max Drawdown (10Y)Largest decline over 10 years | -22.96% | -51.69% | +28.73% |
Current DrawdownCurrent decline from peak | -3.57% | -7.34% | +3.77% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -16.73% | +11.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 4.06% | -1.57% |
Volatility
SHYG.L vs. ENEL.MI - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L) is 1.44%, while Enel SpA (ENEL.MI) has a volatility of 5.80%. This indicates that SHYG.L experiences smaller price fluctuations and is considered to be less risky than ENEL.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SHYG.L | ENEL.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 5.80% | -4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 4.92% | 17.39% | -12.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.28% | 19.49% | -13.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 21.15% | -14.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.69% | 23.07% | -14.38% |
Dividends
SHYG.L vs. ENEL.MI - Dividend Comparison
SHYG.L has not paid dividends to shareholders, while ENEL.MI's dividend yield for the trailing twelve months is around 5.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENEL.MI Enel SpA | 5.07% | 5.29% | 6.24% | 5.94% | 7.55% | 5.08% | 3.96% | 3.96% | 2.36% | 2.14% | 1.91% | 2.31% |
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 ENEL.MI have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for SHYG.L and ENEL.MI
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