SHYG.L vs. MSTR
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 MSTR (Strategy Inc) is a stock. Over the past 10 years, SHYG.L returned 3.56%/yr vs 21.48%/yr for MSTR. At a 0.17 correlation, their price movements are largely independent.
Performance
SHYG.L vs. MSTR - Performance Comparison
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Different Trading Currencies
SHYG.L is traded in GBP, while MSTR is traded in USD. To make them comparable, the MSTR 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 higher than MSTR's -16.41% return. Over the past 10 years, SHYG.L has underperformed MSTR with an annualized return of 3.56%, while MSTR has yielded a comparatively higher 21.48% 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%
MSTR
- 1D
- 0.00%
- 1M
- -31.70%
- YTD
- -16.41%
- 6M
- -32.46%
- 1Y
- -66.22%
- 3Y*
- 61.87%
- 5Y*
- 22.46%
- 10Y*
- 21.48%
SHYG.L vs. MSTR - 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% |
MSTR Strategy Inc | -14.51% | -51.27% | 366.55% | 323.85% | -70.91% | 41.46% | 164.42% | 7.40% | 3.07% | -39.24% |
Correlation
The correlation between SHYG.L and MSTR is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2010 | 0.17 |
The correlation between SHYG.L and MSTR shifts across timeframes, from 0.07 (1 year) to 0.19 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SHYG.L vs. MSTR — Risk / Return Rank
SHYG.L
MSTR
SHYG.L vs. MSTR - 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 Strategy Inc (MSTR). 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 | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.82 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.86 | +0.98 |
| Martin ratioReturn relative to average drawdown | 0.29 | -1.28 | +1.57 |
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
| SHYG.L | MSTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | -0.96 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.25 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.30 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.29 | +0.11 |
Drawdowns
SHYG.L vs. MSTR - Drawdown Comparison
The maximum SHYG.L drawdown since its inception was -22.96%, smaller than the maximum MSTR drawdown of -87.70%. Use the drawdown chart below to compare losses from any high point for SHYG.L and MSTR.
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Drawdown Indicators
| SHYG.L | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.96% | -87.70% | +64.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.43% | -76.73% | +70.30% |
Max Drawdown (3Y)Largest decline over 3 years | -6.43% | -78.88% | +72.45% |
Max Drawdown (5Y)Largest decline over 5 years | -15.33% | -82.13% | +66.80% |
Max Drawdown (10Y)Largest decline over 10 years | -22.96% | -87.70% | +64.74% |
Current DrawdownCurrent decline from peak | -3.57% | -74.83% | +71.26% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -32.88% | +28.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 51.79% | -49.30% |
Volatility
SHYG.L vs. MSTR - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L) is 1.44%, while Strategy Inc (MSTR) has a volatility of 19.22%. This indicates that SHYG.L experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHYG.L | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 19.22% | -17.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.92% | 55.09% | -50.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.28% | 69.19% | -62.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 89.27% | -82.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.69% | 72.75% | -64.06% |
Dividends
SHYG.L vs. MSTR - Dividend Comparison
Neither SHYG.L nor MSTR has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 MSTR have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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