SHYG.L vs. VUSC.DE
SHYG.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and VUSC.DE (Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing) are both exchange-traded funds - SHYG.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while VUSC.DE is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, SHYG.L returned 1.78%/yr vs 3.41%/yr for VUSC.DE. At a 0.16 correlation, their price movements are largely independent. SHYG.L charges 0.50%/yr vs 0.09%/yr for VUSC.DE.
Performance
SHYG.L vs. VUSC.DE - Performance Comparison
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Different Trading Currencies
SHYG.L is traded in GBP, while VUSC.DE is traded in EUR. To make them comparable, the VUSC.DE 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 VUSC.DE's 1.07% return.
SHYG.L
- 1D
- 0.24%
- 1M
- 0.61%
- YTD
- -2.59%
- 6M
- -2.05%
- 1Y
- 0.86%
- 3Y*
- 4.65%
- 5Y*
- 1.78%
- 10Y*
- 3.56%
VUSC.DE
- 1D
- 0.13%
- 1M
- 1.16%
- YTD
- 1.07%
- 6M
- 0.37%
- 1Y
- 4.65%
- 3Y*
- 2.19%
- 5Y*
- 3.41%
- 10Y*
- —
SHYG.L vs. VUSC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -0.91% |
VUSC.DE Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing | 1.02% | -1.47% | 6.21% | -0.23% | 7.66% | 0.36% | -0.58% | 0.28% | 4.99% |
Correlation
The correlation between SHYG.L and VUSC.DE is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 25, 2018 | 0.16 |
The correlation between SHYG.L and VUSC.DE shifts across timeframes, from 0.06 (5 years) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SHYG.L vs. VUSC.DE — Risk / Return Rank
SHYG.L
VUSC.DE
SHYG.L vs. VUSC.DE - 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 Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing (VUSC.DE). 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 | VUSC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.13 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 1.01 | -0.90 |
| Martin ratioReturn relative to average drawdown | 0.29 | 2.54 | -2.25 |
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 | VUSC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 0.75 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.42 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.27 | +0.13 |
Drawdowns
SHYG.L vs. VUSC.DE - Drawdown Comparison
The maximum SHYG.L drawdown since its inception was -22.96%, which is greater than VUSC.DE's maximum drawdown of -15.57%. Use the drawdown chart below to compare losses from any high point for SHYG.L and VUSC.DE.
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Drawdown Indicators
| SHYG.L | VUSC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.96% | -15.57% | -7.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.43% | -4.59% | -1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -6.43% | -8.90% | +2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -15.33% | -15.57% | +0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -22.96% | — | — |
Current DrawdownCurrent decline from peak | -3.57% | -5.27% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -6.57% | +1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 1.83% | +0.66% |
Volatility
SHYG.L vs. VUSC.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L) is 1.44%, while Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing (VUSC.DE) has a volatility of 1.70%. This indicates that SHYG.L experiences smaller price fluctuations and is considered to be less risky than VUSC.DE 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 | VUSC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.70% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 4.92% | 4.39% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.28% | 6.16% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 8.02% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.69% | 8.26% | +0.43% |
SHYG.L vs. VUSC.DE - Expense Ratio Comparison
SHYG.L has a 0.50% expense ratio, which is higher than VUSC.DE's 0.09% expense ratio.
Dividends
SHYG.L vs. VUSC.DE - Dividend Comparison
SHYG.L has not paid dividends to shareholders, while VUSC.DE's dividend yield for the trailing twelve months is around 3.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VUSC.DE Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing | 3.94% | 4.49% | 4.42% | 4.11% | 1.92% | 0.85% | 1.90% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SHYG.L and VUSC.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUSC.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSC.DE is cheaper with a 0.09% expense ratio, compared with 0.50% for SHYG.L.
SHYG.L is categorized as European High Yield Bonds, while VUSC.DE is Corporate Bonds. SHYG.L tracks Bloomberg Pan Euro HY Euro TR EUR, while VUSC.DE tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for SHYG.L and 0.09% for VUSC.DE.
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