SHYG.L vs. YIEL.L
SHYG.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and YIEL.L (Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist) are both European High Yield Bonds funds tracking the Bloomberg Pan Euro HY Euro TR EUR, from iShares and Amundi respectively. Both are passively managed. Over the past 10 years, SHYG.L returned 3.56%/yr vs 3.74%/yr for YIEL.L. A 0.74 correlation means they provide meaningful diversification when combined. SHYG.L charges 0.50%/yr vs 0.25%/yr for YIEL.L.
Performance
SHYG.L vs. YIEL.L - Performance Comparison
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Different Trading Currencies
SHYG.L is traded in GBP, while YIEL.L is traded in EUR. To make them comparable, the YIEL.L 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 YIEL.L's -0.28% return. Over the past 10 years, SHYG.L has underperformed YIEL.L with an annualized return of 3.56%, while YIEL.L has yielded a comparatively higher 3.74% 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%
YIEL.L
- 1D
- 0.18%
- 1M
- 1.25%
- YTD
- -0.28%
- 6M
- 0.15%
- 1Y
- 6.64%
- 3Y*
- 6.67%
- 5Y*
- 2.23%
- 10Y*
- 3.74%
SHYG.L vs. YIEL.L - 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% |
YIEL.L Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist | -0.28% | 11.40% | 1.52% | 7.56% | -6.43% | -4.42% | 7.21% | 4.26% | -3.56% | 8.94% |
Correlation
The correlation between SHYG.L and YIEL.L is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2011 | 0.74 |
The correlation between SHYG.L and YIEL.L shifts across timeframes, from 0.74 (all time) to 0.85 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SHYG.L vs. YIEL.L — Risk / Return Rank
SHYG.L
YIEL.L
SHYG.L vs. YIEL.L - 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 Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist (YIEL.L). 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 | YIEL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.24 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 1.69 | -1.58 |
| Martin ratioReturn relative to average drawdown | 0.29 | 5.30 | -5.01 |
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 | YIEL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 1.33 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.31 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.42 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.47 | -0.07 |
Drawdowns
SHYG.L vs. YIEL.L - Drawdown Comparison
The maximum SHYG.L drawdown since its inception was -22.96%, roughly equal to the maximum YIEL.L drawdown of -22.32%. Use the drawdown chart below to compare losses from any high point for SHYG.L and YIEL.L.
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Drawdown Indicators
| SHYG.L | YIEL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.96% | -22.32% | -0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.43% | -3.90% | -2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -6.43% | -3.90% | -2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -15.33% | -16.07% | +0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -22.96% | -22.32% | -0.64% |
Current DrawdownCurrent decline from peak | -3.57% | -1.18% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -5.58% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 1.25% | +1.24% |
Volatility
SHYG.L vs. YIEL.L - Volatility Comparison
iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L) and Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist (YIEL.L) have volatilities of 1.44% and 1.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHYG.L | YIEL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.48% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.92% | 3.84% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.28% | 4.99% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 7.12% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.69% | 8.85% | -0.16% |
SHYG.L vs. YIEL.L - Expense Ratio Comparison
SHYG.L has a 0.50% expense ratio, which is higher than YIEL.L's 0.25% expense ratio.
Dividends
SHYG.L vs. YIEL.L - Dividend Comparison
SHYG.L has not paid dividends to shareholders, while YIEL.L's dividend yield for the trailing twelve months is around 4.05%.
| 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% |
YIEL.L Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist | 4.05% | 4.07% | 2.29% | 3.31% | 3.55% | 2.85% | 3.16% | 3.67% | 4.00% | 4.05% | 4.80% | 4.41% |
Frequently Asked Questions
SHYG.L and YIEL.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, YIEL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YIEL.L is cheaper with a 0.25% expense ratio, compared with 0.50% for SHYG.L.
Both ETFs track Bloomberg Pan Euro HY Euro TR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.50% for SHYG.L and 0.25% for YIEL.L.
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