SHYU.L vs. FLO5.L
SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) and FLO5.L (iShares USD Floating Rate Bond UCITS ETF) are both Corporate Bonds funds from iShares - SHYU.L tracks the Markit iBoxx USD Liquid High Yield Capped Index while FLO5.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, SHYU.L returned 3.17%/yr vs 1.22%/yr for FLO5.L. A 0.71 correlation means they provide meaningful diversification when combined. SHYU.L charges 0.50%/yr vs 0.10%/yr for FLO5.L.
Performance
SHYU.L vs. FLO5.L - Performance Comparison
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Different Trading Currencies
SHYU.L is traded in GBP, while FLO5.L is traded in GBp. To make them comparable, the FLO5.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 FLO5.L's -0.05% 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%
FLO5.L
- 1D
- 0.03%
- 1M
- -0.74%
- YTD
- -0.05%
- 6M
- -0.55%
- 1Y
- 1.25%
- 3Y*
- -2.38%
- 5Y*
- 1.22%
- 10Y*
- —
SHYU.L vs. FLO5.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% | 0.86% |
FLO5.L iShares USD Floating Rate Bond UCITS ETF | -0.05% | -6.83% | 1.88% | -4.56% | 11.92% | 1.15% | -4.18% | -2.07% | 4.95% | 0.57% |
Correlation
The correlation between SHYU.L and FLO5.L is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2017 | 0.71 |
The correlation between SHYU.L and FLO5.L shifts across timeframes, from 0.69 (5 years) to 0.85 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SHYU.L vs. FLO5.L — Risk / Return Rank
SHYU.L
FLO5.L
SHYU.L vs. FLO5.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 USD Floating Rate Bond UCITS ETF (FLO5.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 | FLO5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.04 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 0.19 | +0.06 |
| Martin ratioReturn relative to average drawdown | 0.43 | 0.38 | +0.05 |
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 | FLO5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.17 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.13 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.02 | +0.57 |
Drawdowns
SHYU.L vs. FLO5.L - Drawdown Comparison
The maximum SHYU.L drawdown since its inception was -15.01%, smaller than the maximum FLO5.L drawdown of -20.77%. Use the drawdown chart below to compare losses from any high point for SHYU.L and FLO5.L.
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Drawdown Indicators
| SHYU.L | FLO5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.01% | -20.77% | +5.76% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -6.65% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -13.32% | +2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -11.08% | -20.77% | +9.69% |
Max Drawdown (10Y)Largest decline over 10 years | -15.01% | — | — |
Current DrawdownCurrent decline from peak | -9.14% | -19.14% | +10.00% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -9.77% | +5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 3.30% | +0.53% |
Volatility
SHYU.L vs. FLO5.L - Volatility Comparison
The current volatility for iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) is 1.72%, while iShares USD Floating Rate Bond UCITS ETF (FLO5.L) has a volatility of 2.80%. This indicates that SHYU.L experiences smaller price fluctuations and is considered to be less risky than FLO5.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 | FLO5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 2.80% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.34% | 5.01% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 7.27% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.13% | 9.03% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.74% | 9.16% | +0.58% |
SHYU.L vs. FLO5.L - Expense Ratio Comparison
SHYU.L has a 0.50% expense ratio, which is higher than FLO5.L's 0.10% expense ratio.
Dividends
SHYU.L vs. FLO5.L - Dividend Comparison
SHYU.L has not paid dividends to shareholders, while FLO5.L's dividend yield for the trailing twelve months is around 0.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 0.05% | 0.05% | 0.06% | 0.06% | 0.01% | 0.01% | 0.02% | 0.03% | 0.02% | 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 FLO5.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLO5.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLO5.L is cheaper with a 0.10% expense ratio, compared with 0.50% for SHYU.L.
SHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index, while FLO5.L tracks Bloomberg US Corp Bond TR USD. Their fees differ too: 0.50% for SHYU.L and 0.10% for FLO5.L.
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