SHYU.L vs. VCPA.L
SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) and VCPA.L (Vanguard USD Corporate Bond UCITS ETF Accumulating) are both Corporate Bonds funds - SHYU.L tracks the Markit iBoxx USD Liquid High Yield Capped Index while VCPA.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 -59.47%/yr for VCPA.L. A 0.66 correlation means they provide meaningful diversification when combined. SHYU.L charges 0.50%/yr vs 0.09%/yr for VCPA.L.
Performance
SHYU.L vs. VCPA.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 VCPA.L's 0.51% 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%
VCPA.L
- 1D
- 0.29%
- 1M
- 1.41%
- YTD
- 0.51%
- 6M
- 0.27%
- 1Y
- -98.93%
- 3Y*
- -77.87%
- 5Y*
- -59.47%
- 10Y*
- —
SHYU.L vs. VCPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | -1.70% | -4.17% | 8.56% | 4.72% | 2.04% | 4.96% | 1.60% | 6.08% |
VCPA.L Vanguard USD Corporate Bond UCITS ETF Accumulating | 0.51% | -99.00% | 4.58% | 2.13% | -4.89% | -0.13% | 5.86% | 10.80% |
Correlation
The correlation between SHYU.L and VCPA.L is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2019 | 0.66 |
The correlation between SHYU.L and VCPA.L shifts across timeframes, from 0.66 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SHYU.L vs. VCPA.L — Risk / Return Rank
SHYU.L
VCPA.L
SHYU.L vs. VCPA.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 Vanguard USD Corporate Bond UCITS ETF Accumulating (VCPA.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 | VCPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.31 | +0.74 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | -1.00 | +1.25 |
| Martin ratioReturn relative to average drawdown | 0.43 | -1.21 | +1.64 |
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 | VCPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | -1.00 | +1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | -1.32 | +1.71 |
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 | -1.24 | +1.83 |
Drawdowns
SHYU.L vs. VCPA.L - Drawdown Comparison
The maximum SHYU.L drawdown since its inception was -15.01%, smaller than the maximum VCPA.L drawdown of -99.06%. Use the drawdown chart below to compare losses from any high point for SHYU.L and VCPA.L.
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Drawdown Indicators
| SHYU.L | VCPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.01% | -99.06% | +84.05% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -99.02% | +92.41% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -99.04% | +87.96% |
Max Drawdown (5Y)Largest decline over 5 years | -11.08% | -99.04% | +87.96% |
Max Drawdown (10Y)Largest decline over 10 years | -15.01% | — | — |
Current DrawdownCurrent decline from peak | -9.14% | -99.03% | +89.89% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -17.55% | +13.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 81.78% | -77.95% |
Volatility
SHYU.L vs. VCPA.L - Volatility Comparison
iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) has a higher volatility of 1.72% compared to Vanguard USD Corporate Bond UCITS ETF Accumulating (VCPA.L) at 1.53%. This indicates that SHYU.L's price experiences larger fluctuations and is considered to be riskier than VCPA.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 | VCPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.53% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 4.34% | 4.41% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 98.63% | -91.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.13% | 45.54% | -37.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.74% | 40.64% | -30.90% |
SHYU.L vs. VCPA.L - Expense Ratio Comparison
SHYU.L has a 0.50% expense ratio, which is higher than VCPA.L's 0.09% expense ratio.
Dividends
SHYU.L vs. VCPA.L - Dividend Comparison
Neither SHYU.L nor VCPA.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VCPA.L Vanguard USD Corporate Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SHYU.L and VCPA.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VCPA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VCPA.L is cheaper with a 0.09% expense ratio, compared with 0.50% for SHYU.L.
SHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index, while VCPA.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for SHYU.L and 0.09% for VCPA.L.
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