SHYG.L vs. XDWU.DE
SHYG.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and XDWU.DE (Xtrackers MSCI World Utilities UCITS ETF 1C) are both exchange-traded funds - SHYG.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while XDWU.DE is a Utilities Equities fund tracking the MSCI World/Utilities NR USD. Both are passively managed. Over the past 10 years, SHYG.L returned 3.71%/yr vs 9.22%/yr for XDWU.DE. At a 0.31 correlation, their price movements are largely independent. SHYG.L charges 0.50%/yr vs 0.25%/yr for XDWU.DE.
Performance
SHYG.L vs. XDWU.DE - Performance Comparison
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Different Trading Currencies
SHYG.L is traded in GBP, while XDWU.DE is traded in EUR. To make them comparable, the XDWU.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 0.06% return, which is significantly lower than XDWU.DE's 10.95% return. Over the past 10 years, SHYG.L has underperformed XDWU.DE with an annualized return of 3.71%, while XDWU.DE has yielded a comparatively higher 9.22% annualized return.
SHYG.L
- 1D
- -0.04%
- 1M
- 0.60%
- YTD
- 0.06%
- 6M
- 0.15%
- 1Y
- 4.84%
- 3Y*
- 6.75%
- 5Y*
- 2.83%
- 10Y*
- 3.71%
XDWU.DE
- 1D
- 0.39%
- 1M
- 1.51%
- YTD
- 10.95%
- 6M
- 11.77%
- 1Y
- 22.72%
- 3Y*
- 14.56%
- 5Y*
- 11.27%
- 10Y*
- 9.22%
SHYG.L vs. XDWU.DE - 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) | 0.06% | 10.52% | 0.97% | 9.30% | -4.42% | -3.69% | 6.61% | 4.45% | -2.62% | 8.24% |
XDWU.DE Xtrackers MSCI World Utilities UCITS ETF 1C | 10.95% | 17.17% | 14.62% | -5.14% | 7.84% | 11.35% | 0.49% | 18.75% | 8.29% | 4.05% |
Correlation
The correlation between SHYG.L and XDWU.DE 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 | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2010 | 0.31 |
Over the past year, the correlation between SHYG.L and XDWU.DE has dropped to 0.07 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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Return for Risk
SHYG.L vs. XDWU.DE — Risk / Return Rank
SHYG.L
XDWU.DE
SHYG.L vs. XDWU.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 Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.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.
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.
| SHYG.L | XDWU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.29 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 2.83 | -1.56 |
| Martin ratioReturn relative to average drawdown | 3.97 | 6.98 | -3.01 |
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Drawdowns
SHYG.L vs. XDWU.DE - Drawdown Comparison
The maximum SHYG.L drawdown since its inception was -22.97%, smaller than the maximum XDWU.DE drawdown of -43.32%. Use the drawdown chart below to compare losses from any high point for SHYG.L and XDWU.DE.
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Drawdown Indicators
| SHYG.L | XDWU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.97% | -43.32% | +20.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.78% | -7.99% | +4.21% |
Max Drawdown (3Y)Largest decline over 3 years | -3.78% | -12.07% | +8.29% |
Max Drawdown (5Y)Largest decline over 5 years | -15.33% | -22.41% | +7.08% |
Max Drawdown (10Y)Largest decline over 10 years | -22.97% | -26.19% | +3.22% |
Current DrawdownCurrent decline from peak | -0.71% | -2.66% | +1.95% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -13.28% | +8.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 3.25% | -2.03% |
Volatility
SHYG.L vs. XDWU.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L) is 1.06%, while Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.DE) has a volatility of 4.18%. This indicates that SHYG.L experiences smaller price fluctuations and is considered to be less risky than XDWU.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 | XDWU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 4.18% | -3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.78% | 11.15% | -7.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 13.17% | -8.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.93% | 14.27% | -7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.44% | 18.15% | -9.71% |
SHYG.L vs. XDWU.DE - Expense Ratio Comparison
SHYG.L has a 0.50% expense ratio, which is higher than XDWU.DE's 0.25% expense ratio.
Dividends
SHYG.L vs. XDWU.DE - Dividend Comparison
SHYG.L's dividend yield for the trailing twelve months is around 6.51%, while XDWU.DE has not paid dividends to shareholders.
| 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) | 6.51% | 5.31% | 6.24% | 5.39% | 3.58% | 3.13% | 3.66% | 3.86% | 3.65% | 3.74% | 3.83% | 4.55% |
XDWU.DE Xtrackers MSCI World Utilities UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SHYG.L and XDWU.DE 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.
On fees, XDWU.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWU.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for SHYG.L.
SHYG.L is categorized as European High Yield Bonds, while XDWU.DE is Utilities Equities. SHYG.L tracks Bloomberg Pan Euro HY Euro TR EUR, while XDWU.DE tracks MSCI World/Utilities NR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.50% for SHYG.L and 0.25% for XDWU.DE.
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