SHYU.L vs. VUCP.L
SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) and VUCP.L (Vanguard USD Corporate Bond UCITS ETF Distributing) are both Corporate Bonds funds - SHYU.L tracks the Markit iBoxx USD Liquid High Yield Capped Index while VUCP.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 10 years, SHYU.L returned 4.84%/yr vs 2.70%/yr for VUCP.L. A 0.76 correlation means they provide meaningful diversification when combined. SHYU.L charges 0.50%/yr vs 0.09%/yr for VUCP.L.
Performance
SHYU.L vs. VUCP.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 VUCP.L's 0.04% return. Over the past 10 years, SHYU.L has outperformed VUCP.L with an annualized return of 4.84%, while VUCP.L has yielded a comparatively lower 2.70% annualized 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%
VUCP.L
- 1D
- 0.29%
- 1M
- 1.42%
- YTD
- 0.04%
- 6M
- -0.47%
- 1Y
- 5.40%
- 3Y*
- 1.87%
- 5Y*
- 1.01%
- 10Y*
- 2.70%
SHYU.L vs. VUCP.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% |
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing | 0.04% | -0.91% | 4.32% | 1.29% | -5.38% | -0.63% | 4.96% | 10.22% | 2.22% | -3.67% |
Correlation
The correlation between SHYU.L and VUCP.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2016 | 0.76 |
The correlation between SHYU.L and VUCP.L has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
SHYU.L vs. VUCP.L — Risk / Return Rank
SHYU.L
VUCP.L
SHYU.L vs. VUCP.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 Distributing (VUCP.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 | VUCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.15 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 1.08 | -0.83 |
| Martin ratioReturn relative to average drawdown | 0.43 | 2.44 | -2.01 |
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 | VUCP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.90 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.12 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.27 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.27 | +0.32 |
Drawdowns
SHYU.L vs. VUCP.L - Drawdown Comparison
The maximum SHYU.L drawdown since its inception was -15.01%, smaller than the maximum VUCP.L drawdown of -16.84%. Use the drawdown chart below to compare losses from any high point for SHYU.L and VUCP.L.
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Drawdown Indicators
| SHYU.L | VUCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.01% | -16.84% | +1.83% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -5.00% | -1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -9.00% | -2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -11.08% | -13.14% | +2.06% |
Max Drawdown (10Y)Largest decline over 10 years | -15.01% | -16.84% | +1.83% |
Current DrawdownCurrent decline from peak | -9.14% | -7.67% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -7.67% | +3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 2.21% | +1.62% |
Volatility
SHYU.L vs. VUCP.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 Distributing (VUCP.L) at 1.62%. This indicates that SHYU.L's price experiences larger fluctuations and is considered to be riskier than VUCP.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 | VUCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.62% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.34% | 4.46% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 5.99% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.13% | 8.51% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.74% | 9.92% | -0.18% |
SHYU.L vs. VUCP.L - Expense Ratio Comparison
SHYU.L has a 0.50% expense ratio, which is higher than VUCP.L's 0.09% expense ratio.
Dividends
SHYU.L vs. VUCP.L - Dividend Comparison
SHYU.L has not paid dividends to shareholders, while VUCP.L's dividend yield for the trailing twelve months is around 3.85%.
| 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% |
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing | 3.85% | 4.02% | 4.73% | 3.57% | 2.79% | 1.85% | 2.36% | 2.64% | 2.58% | 2.57% | 1.73% | 0.00% |
Frequently Asked Questions
SHYU.L and VUCP.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUCP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUCP.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 VUCP.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 VUCP.L.
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