SHYU.L vs. EMIM.L
SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - SHYU.L is a Corporate Bonds fund tracking the Markit iBoxx USD Liquid High Yield Capped Index, while EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 10 years, SHYU.L returned 4.84%/yr vs 11.09%/yr for EMIM.L. At a 0.42 correlation, their price movements are largely independent. SHYU.L charges 0.50%/yr vs 0.18%/yr for EMIM.L.
Performance
SHYU.L vs. EMIM.L - Performance Comparison
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Different Trading Currencies
SHYU.L is traded in GBP, while EMIM.L is traded in GBp. To make them comparable, the EMIM.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SHYU.L achieves a -1.70% return, which is significantly lower than EMIM.L's 24.23% return. Over the past 10 years, SHYU.L has underperformed EMIM.L with an annualized return of 4.84%, while EMIM.L has yielded a comparatively higher 11.09% 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%
EMIM.L
- 1D
- -1.35%
- 1M
- 5.54%
- YTD
- 24.23%
- 6M
- 26.48%
- 1Y
- 50.85%
- 3Y*
- 20.15%
- 5Y*
- 8.76%
- 10Y*
- 11.09%
SHYU.L vs. EMIM.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% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.23% | 23.35% | 9.18% | 4.93% | -10.17% | 0.74% | 14.91% | 12.69% | -9.32% | 24.72% |
Correlation
The correlation between SHYU.L and EMIM.L 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 | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2014 | 0.42 |
Over the past year, the correlation between SHYU.L and EMIM.L has dropped to 0.06 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
SHYU.L vs. EMIM.L — Risk / Return Rank
SHYU.L
EMIM.L
SHYU.L vs. EMIM.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 Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.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 | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.57 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 4.63 | -4.39 |
| Martin ratioReturn relative to average drawdown | 0.43 | 16.57 | -16.14 |
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 | EMIM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 3.04 | -2.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.55 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.62 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.49 | +0.10 |
Drawdowns
SHYU.L vs. EMIM.L - Drawdown Comparison
The maximum SHYU.L drawdown since its inception was -15.01%, smaller than the maximum EMIM.L drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for SHYU.L and EMIM.L.
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Drawdown Indicators
| SHYU.L | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.01% | -31.70% | +16.69% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -10.92% | +4.31% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -15.56% | +4.48% |
Max Drawdown (5Y)Largest decline over 5 years | -11.08% | -21.98% | +10.90% |
Max Drawdown (10Y)Largest decline over 10 years | -15.01% | -26.46% | +11.45% |
Current DrawdownCurrent decline from peak | -9.14% | -2.39% | -6.75% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -8.71% | +4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 3.06% | +0.77% |
Volatility
SHYU.L vs. EMIM.L - Volatility Comparison
The current volatility for iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) is 1.72%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 7.03%. This indicates that SHYU.L experiences smaller price fluctuations and is considered to be less risky than EMIM.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 | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 7.03% | -5.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.34% | 14.14% | -9.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 16.67% | -9.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.13% | 15.82% | -7.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.74% | 17.81% | -8.07% |
SHYU.L vs. EMIM.L - Expense Ratio Comparison
SHYU.L has a 0.50% expense ratio, which is higher than EMIM.L's 0.18% expense ratio.
Dividends
SHYU.L vs. EMIM.L - Dividend Comparison
Neither SHYU.L nor EMIM.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 EMIM.L 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, EMIM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIM.L is cheaper with a 0.18% expense ratio, compared with 0.50% for SHYU.L.
SHYU.L is categorized as Corporate Bonds, while EMIM.L is Emerging Markets Equities. SHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index, while EMIM.L tracks MSCI EM NR USD. Their fees differ too: 0.50% for SHYU.L and 0.18% for EMIM.L.
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