SHYU.L vs. NVG
SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) is Corporate Bonds fund tracking the Markit iBoxx USD Liquid High Yield Capped Index, while NVG (Nuveen AMT-Free Municipal Credit Income Fund) is a stock. Over the past 10 years, SHYU.L returned 5.19%/yr vs 3.43%/yr for NVG. At a 0.48 correlation, their price movements are largely independent. SHYU.L charges 0.50%/yr vs 1.50%/yr for NVG.
Performance
SHYU.L vs. NVG - Performance Comparison
Loading charts...
Different Trading Currencies
SHYU.L is traded in GBP, while NVG is traded in USD. To make them comparable, the NVG 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 3.30% return, which is significantly lower than NVG's 5.94% return. Over the past 10 years, SHYU.L has outperformed NVG with an annualized return of 5.19%, while NVG has yielded a comparatively lower 3.43% annualized return.
SHYU.L
- 1D
- -0.39%
- 1M
- 2.24%
- YTD
- 3.30%
- 6M
- 4.20%
- 1Y
- 9.42%
- 3Y*
- 7.13%
- 5Y*
- 4.96%
- 10Y*
- 5.19%
NVG
- 1D
- -0.53%
- 1M
- 4.35%
- YTD
- 5.94%
- 6M
- 7.21%
- 1Y
- 19.88%
- 3Y*
- 8.47%
- 5Y*
- 0.54%
- 10Y*
- 3.43%
SHYU.L vs. NVG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | 3.30% | 1.93% | 8.55% | 4.73% | 2.04% | 4.96% | 1.60% | 9.12% | 4.39% | -3.90% |
NVG Nuveen AMT-Free Municipal Credit Income Fund | 5.94% | 3.66% | 12.73% | -3.15% | -19.96% | 13.20% | 3.27% | 20.85% | 1.66% | 3.40% |
Correlation
The correlation between SHYU.L and NVG is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2011 | 0.48 |
The correlation between SHYU.L and NVG shifts across timeframes, from 0.36 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SHYU.L vs. NVG — Risk / Return Rank
SHYU.L
NVG
SHYU.L vs. NVG - 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 Nuveen AMT-Free Municipal Credit Income Fund (NVG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SHYU.L | NVG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 2.24 | +0.39 |
| Martin ratioReturn relative to average drawdown | 8.24 | 6.42 | +1.83 |
Loading charts...
Drawdowns
SHYU.L vs. NVG - Drawdown Comparison
The maximum SHYU.L drawdown since its inception was -38.05%, which is greater than NVG's maximum drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for SHYU.L and NVG.
Loading charts...
Drawdown Indicators
| SHYU.L | NVG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -34.87% | -3.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -8.91% | +5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -9.06% | -16.47% | +7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -10.47% | -34.87% | +24.40% |
Max Drawdown (10Y)Largest decline over 10 years | -15.00% | -34.87% | +19.87% |
Current DrawdownCurrent decline from peak | -0.39% | -5.44% | +5.05% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -8.77% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 3.11% | -1.97% |
Volatility
SHYU.L vs. NVG - Volatility Comparison
The current volatility for iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) is 1.60%, while Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a volatility of 2.74%. This indicates that SHYU.L experiences smaller price fluctuations and is considered to be less risky than NVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SHYU.L | NVG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 2.74% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.16% | 9.07% | -4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 11.11% | -5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 13.79% | -5.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.36% | 14.21% | -4.85% |
SHYU.L vs. NVG - Expense Ratio Comparison
SHYU.L has a 0.50% expense ratio, which is lower than NVG's 1.50% expense ratio.
Dividends
SHYU.L vs. NVG - Dividend Comparison
SHYU.L's dividend yield for the trailing twelve months is around 6.18%, less than NVG's 7.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVG Nuveen AMT-Free Municipal Credit Income Fund | 7.49% | 7.49% | 6.74% | 4.45% | 6.18% | 4.69% | 5.24% | 4.94% | 6.07% | 5.67% | 6.17% | 5.46% |
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | 6.18% | 6.25% | 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 NVG have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for SHYU.L and NVG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer