SHYU.L vs. IGSD.L
SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) and IGSD.L (iShares USD Short Duration Corporate Bond UCITS ETF (Dist)) are both Corporate Bonds funds - SHYU.L tracks the Markit iBoxx USD Liquid High Yield Capped Index while IGSD.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 10 years, SHYU.L returned 4.84%/yr vs 3.88%/yr for IGSD.L. A 0.76 correlation means they provide meaningful diversification when combined. SHYU.L charges 0.50%/yr vs 0.20%/yr for IGSD.L.
Performance
SHYU.L vs. IGSD.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 lower than IGSD.L's 1.02% return. Over the past 10 years, SHYU.L has outperformed IGSD.L with an annualized return of 4.84%, while IGSD.L has yielded a comparatively lower 3.88% annualized return.
SHYU.L
- 1D
- 0.16%
- 1M
- -0.15%
- YTD
- -1.70%
- 6M
- -2.17%
- 1Y
- 1.89%
- 3Y*
- 2.26%
- 5Y*
- 3.17%
- 10Y*
- 4.84%
IGSD.L
- 1D
- 0.21%
- 1M
- 1.20%
- YTD
- 1.02%
- 6M
- 0.71%
- 1Y
- 6.16%
- 3Y*
- 3.32%
- 5Y*
- 4.01%
- 10Y*
- 3.88%
SHYU.L vs. IGSD.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% |
IGSD.L iShares USD Short Duration Corporate Bond UCITS ETF (Dist) | 1.02% | -0.44% | 7.51% | 0.40% | 7.27% | 0.80% | 1.22% | 3.52% | 7.44% | -6.51% |
Correlation
The correlation between SHYU.L and IGSD.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2013 | 0.76 |
The correlation between SHYU.L and IGSD.L shifts across timeframes, from 0.75 (5 years) to 0.87 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SHYU.L vs. IGSD.L — Risk / Return Rank
SHYU.L
IGSD.L
SHYU.L vs. IGSD.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 Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.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 | IGSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.17 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 1.35 | -1.11 |
| Martin ratioReturn relative to average drawdown | 0.43 | 3.70 | -3.27 |
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 | IGSD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.95 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.51 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.42 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.50 | +0.09 |
Drawdowns
SHYU.L vs. IGSD.L - Drawdown Comparison
The maximum SHYU.L drawdown since its inception was -15.01%, roughly equal to the maximum IGSD.L drawdown of -14.83%. Use the drawdown chart below to compare losses from any high point for SHYU.L and IGSD.L.
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Drawdown Indicators
| SHYU.L | IGSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.01% | -14.83% | -0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -4.15% | -2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -8.18% | -2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -11.08% | -14.83% | +3.75% |
Max Drawdown (10Y)Largest decline over 10 years | -15.01% | -14.83% | -0.18% |
Current DrawdownCurrent decline from peak | -9.14% | -2.28% | -6.86% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -5.17% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 1.52% | +2.31% |
Volatility
SHYU.L vs. IGSD.L - Volatility Comparison
iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) has a higher volatility of 1.72% compared to iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.L) at 1.60%. This indicates that SHYU.L's price experiences larger fluctuations and is considered to be riskier than IGSD.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 | IGSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.60% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.34% | 4.32% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 5.91% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.13% | 7.82% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.74% | 9.13% | +0.61% |
SHYU.L vs. IGSD.L - Expense Ratio Comparison
SHYU.L has a 0.50% expense ratio, which is higher than IGSD.L's 0.20% expense ratio.
Dividends
SHYU.L vs. IGSD.L - Dividend Comparison
SHYU.L has not paid dividends to shareholders, while IGSD.L's dividend yield for the trailing twelve months is around 5.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGSD.L iShares USD Short Duration Corporate Bond UCITS ETF (Dist) | 5.06% | 5.08% | 4.67% | 3.69% | 2.12% | 1.71% | 2.51% | 3.32% | 2.94% | 2.50% | 2.16% | 2.11% |
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 IGSD.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGSD.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGSD.L is cheaper with a 0.20% expense ratio, compared with 0.50% for SHYU.L.
SHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index, while IGSD.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: iShares and BlackRock. Their fees differ too: 0.50% for SHYU.L and 0.20% for IGSD.L.
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