SHYU.L vs. VCIT
SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) and VCIT (Vanguard Intermediate-Term Corporate Bond ETF) are both Corporate Bonds funds - SHYU.L tracks the Markit iBoxx USD Liquid High Yield Capped Index while VCIT tracks the Bloomberg U.S. 5-10 Year Corporate Bond Index. Both are passively managed. Over the past 10 years, SHYU.L returned 5.50%/yr vs 3.30%/yr for VCIT. A 0.63 correlation means they provide meaningful diversification when combined. SHYU.L charges 0.50%/yr vs 0.03%/yr for VCIT.
Performance
SHYU.L vs. VCIT - Performance Comparison
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Different Trading Currencies
SHYU.L is traded in GBP, while VCIT is traded in USD. To make them comparable, the VCIT 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 3.70% return, which is significantly higher than VCIT's 2.96% return. Over the past 10 years, SHYU.L has outperformed VCIT with an annualized return of 5.50%, while VCIT has yielded a comparatively lower 3.30% annualized return.
SHYU.L
- 1D
- 0.39%
- 1M
- 2.85%
- YTD
- 3.70%
- 6M
- 4.61%
- 1Y
- 9.88%
- 3Y*
- 7.35%
- 5Y*
- 5.04%
- 10Y*
- 5.50%
VCIT
- 1D
- 0.57%
- 1M
- 2.94%
- YTD
- 2.96%
- 6M
- 3.03%
- 1Y
- 8.58%
- 3Y*
- 4.98%
- 5Y*
- 2.30%
- 10Y*
- 3.30%
SHYU.L vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | 3.70% | 1.93% | 8.55% | 4.73% | 2.04% | 4.96% | 1.60% | 9.12% | 4.39% | -3.90% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 2.96% | 1.55% | 5.00% | 3.53% | -3.75% | -0.84% | 6.24% | 9.76% | 4.09% | -3.80% |
Correlation
The correlation between SHYU.L and VCIT is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2011 | 0.63 |
The correlation between SHYU.L and VCIT has been stable across timeframes, ranging from 0.63 to 0.66 - a consistent structural relationship.
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Return for Risk
SHYU.L vs. VCIT — Risk / Return Rank
SHYU.L
VCIT
SHYU.L vs. VCIT - 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 Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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 | VCIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.26 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.74 | +1.02 |
| Martin ratioReturn relative to average drawdown | 8.64 | 4.72 | +3.93 |
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Drawdowns
SHYU.L vs. VCIT - Drawdown Comparison
The maximum SHYU.L drawdown since its inception was -38.05%, which is greater than VCIT's maximum drawdown of -15.57%. Use the drawdown chart below to compare losses from any high point for SHYU.L and VCIT.
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Drawdown Indicators
| SHYU.L | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -15.57% | -22.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -4.96% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -9.06% | -8.03% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -10.47% | -12.32% | +1.85% |
Max Drawdown (10Y)Largest decline over 10 years | -15.00% | -15.57% | +0.57% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -5.22% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.82% | -0.68% |
Volatility
SHYU.L vs. VCIT - Volatility Comparison
iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT) have volatilities of 1.51% and 1.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHYU.L | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.46% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 4.83% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.83% | 6.05% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 8.53% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.36% | 9.42% | -0.06% |
SHYU.L vs. VCIT - Expense Ratio Comparison
SHYU.L has a 0.50% expense ratio, which is higher than VCIT's 0.03% expense ratio.
Dividends
SHYU.L vs. VCIT - Dividend Comparison
SHYU.L's dividend yield for the trailing twelve months is around 6.15%, more than VCIT's 4.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | 6.15% | 6.25% | 6.32% | 5.76% | 4.82% | 4.27% | 5.16% | 5.58% | 5.52% | 5.74% | 5.16% | 5.87% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.78% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
Frequently Asked Questions
SHYU.L and VCIT have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VCIT is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VCIT is cheaper with a 0.03% expense ratio, compared with 0.50% for SHYU.L.
SHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index, while VCIT tracks Bloomberg U.S. 5-10 Year Corporate Bond Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for SHYU.L and 0.03% for VCIT.
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