SHYU.L vs. CRPS.L
SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) and CRPS.L (iShares Global Corporate Bond UCITS ETF) are both exchange-traded funds - SHYU.L is a Corporate Bonds fund tracking the Markit iBoxx USD Liquid High Yield Capped Index, while CRPS.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR USD. Both are passively managed. Over the past 10 years, SHYU.L returned 4.84%/yr vs 2.45%/yr for CRPS.L. A 0.68 correlation means they provide meaningful diversification when combined. SHYU.L charges 0.50%/yr vs 0.20%/yr for CRPS.L.
Performance
SHYU.L vs. CRPS.L - Performance Comparison
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Returns By Period
In the year-to-date period, SHYU.L achieves a -1.70% return, which is significantly higher than CRPS.L's -1.84% return. Over the past 10 years, SHYU.L has outperformed CRPS.L with an annualized return of 4.84%, while CRPS.L has yielded a comparatively lower 2.45% annualized return.
SHYU.L
- 1D
- 0.16%
- 1M
- -0.19%
- YTD
- -1.70%
- 6M
- -1.85%
- 1Y
- 1.64%
- 3Y*
- 2.26%
- 5Y*
- 3.17%
- 10Y*
- 4.84%
CRPS.L
- 1D
- 0.23%
- 1M
- 1.37%
- YTD
- -1.84%
- 6M
- -2.12%
- 1Y
- 1.48%
- 3Y*
- 1.73%
- 5Y*
- 0.28%
- 10Y*
- 2.45%
SHYU.L vs. CRPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | -1.70% | -4.17% | 8.56% | 4.72% | 2.04% | 4.96% | 1.60% | 9.12% | 4.39% | -3.89% |
CRPS.L iShares Global Corporate Bond UCITS ETF | -1.84% | 0.38% | 2.69% | 2.88% | -5.90% | -2.68% | 6.79% | 8.38% | 1.64% | -0.97% |
Correlation
The correlation between SHYU.L and CRPS.L is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2012 | 0.68 |
The correlation between SHYU.L and CRPS.L has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
SHYU.L vs. CRPS.L — Risk / Return Rank
SHYU.L
CRPS.L
SHYU.L vs. CRPS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) and iShares Global Corporate Bond UCITS ETF (CRPS.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.
| SHYU.L | CRPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.05 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 0.29 | -0.05 |
| Martin ratioReturn relative to average drawdown | 0.43 | 0.64 | -0.21 |
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
| SHYU.L | CRPS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.25 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.04 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.29 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.39 | +0.21 |
Drawdowns
SHYU.L vs. CRPS.L - Drawdown Comparison
The maximum SHYU.L drawdown since its inception was -15.01%, roughly equal to the maximum CRPS.L drawdown of -15.38%. Use the drawdown chart below to compare losses from any high point for SHYU.L and CRPS.L.
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Drawdown Indicators
| SHYU.L | CRPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.01% | -15.38% | +0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -5.02% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -5.77% | -5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -11.08% | -12.26% | +1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -15.01% | -15.38% | +0.37% |
Current DrawdownCurrent decline from peak | -9.14% | -7.65% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -5.89% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 2.30% | +1.53% |
Volatility
SHYU.L vs. CRPS.L - Volatility Comparison
iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) has a higher volatility of 1.72% compared to iShares Global Corporate Bond UCITS ETF (CRPS.L) at 1.35%. This indicates that SHYU.L's price experiences larger fluctuations and is considered to be riskier than CRPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHYU.L | CRPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.35% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.34% | 4.46% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 5.90% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.13% | 7.17% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.74% | 8.49% | +1.25% |
SHYU.L vs. CRPS.L - Expense Ratio Comparison
SHYU.L has a 0.50% expense ratio, which is higher than CRPS.L's 0.20% expense ratio.
Dividends
SHYU.L vs. CRPS.L - Dividend Comparison
Neither SHYU.L nor CRPS.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRPS.L iShares Global Corporate Bond UCITS ETF | 0.00% | 2.08% | 3.87% | 3.34% | 2.55% | 2.07% | 2.42% | 2.75% | 2.56% | 2.61% | 2.45% | 2.58% |
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | 0.00% | 0.00% | 6.32% | 5.76% | 4.82% | 4.27% | 5.16% | 5.58% | 5.52% | 5.74% | 5.16% | 5.87% |
Frequently Asked Questions
SHYU.L and CRPS.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CRPS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRPS.L is cheaper with a 0.20% expense ratio, compared with 0.50% for SHYU.L.
SHYU.L is categorized as Corporate Bonds, while CRPS.L is Global Corporate Bonds. SHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index, while CRPS.L tracks Bloomberg Gbl Agg Corp TR USD. Their fees differ too: 0.50% for SHYU.L and 0.20% for CRPS.L.
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