SHYU.L vs. WIGG.L
SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) and WIGG.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - SHYU.L is a Corporate Bonds fund tracking the Markit iBoxx USD Liquid High Yield Capped Index, while WIGG.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR HGBP. Both are passively managed. Over the past 5 years, SHYU.L returned 3.17%/yr vs 2.72%/yr for WIGG.L. At a 0.20 correlation, their price movements are largely independent. SHYU.L charges 0.50%/yr vs 0.55%/yr for WIGG.L.
Performance
SHYU.L vs. WIGG.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 WIGG.L's 1.47% 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%
WIGG.L
- 1D
- 0.13%
- 1M
- 0.90%
- YTD
- 1.47%
- 6M
- 1.71%
- 1Y
- 7.53%
- 3Y*
- 7.62%
- 5Y*
- 2.72%
- 10Y*
- —
SHYU.L vs. WIGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 9.78% |
WIGG.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) | 1.47% | 8.82% | 4.80% | 11.01% | -12.90% | 4.06% | 13.22% | 14.56% | -3.63% |
Correlation
The correlation between SHYU.L and WIGG.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2018 | 0.20 |
The correlation between SHYU.L and WIGG.L shifts across timeframes, from -0.02 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SHYU.L vs. WIGG.L — Risk / Return Rank
SHYU.L
WIGG.L
SHYU.L vs. WIGG.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 Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.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 | WIGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.39 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 2.13 | -1.88 |
| Martin ratioReturn relative to average drawdown | 0.43 | 8.95 | -8.52 |
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 | WIGG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 1.98 | -1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.46 | -0.07 |
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 | 0.63 | -0.04 |
Drawdowns
SHYU.L vs. WIGG.L - Drawdown Comparison
The maximum SHYU.L drawdown since its inception was -15.01%, smaller than the maximum WIGG.L drawdown of -23.44%. Use the drawdown chart below to compare losses from any high point for SHYU.L and WIGG.L.
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Drawdown Indicators
| SHYU.L | WIGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.01% | -23.44% | +8.43% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -3.52% | -3.09% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -4.30% | -6.78% |
Max Drawdown (5Y)Largest decline over 5 years | -11.08% | -17.35% | +6.27% |
Max Drawdown (10Y)Largest decline over 10 years | -15.01% | — | — |
Current DrawdownCurrent decline from peak | -9.14% | -0.10% | -9.04% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -3.59% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 0.84% | +2.99% |
Volatility
SHYU.L vs. WIGG.L - Volatility Comparison
iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) has a higher volatility of 1.72% compared to iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) at 1.30%. This indicates that SHYU.L's price experiences larger fluctuations and is considered to be riskier than WIGG.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 | WIGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.30% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 4.34% | 2.97% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 3.80% | +3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.13% | 5.92% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.74% | 7.44% | +2.30% |
SHYU.L vs. WIGG.L - Expense Ratio Comparison
SHYU.L has a 0.50% expense ratio, which is lower than WIGG.L's 0.55% expense ratio.
Dividends
SHYU.L vs. WIGG.L - Dividend Comparison
SHYU.L has not paid dividends to shareholders, while WIGG.L's dividend yield for the trailing twelve months is around 6.92%.
| 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% |
WIGG.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) | 6.92% | 5.58% | 5.74% | 5.08% | 4.47% | 3.89% | 4.24% | 4.53% | 3.28% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SHYU.L and WIGG.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHYU.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHYU.L is cheaper with a 0.50% expense ratio, compared with 0.55% for WIGG.L.
SHYU.L is categorized as Corporate Bonds, while WIGG.L is High Yield Bonds. SHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index, while WIGG.L tracks ICE BofA Gbl HY Constnd TR HGBP. Their fees differ too: 0.50% for SHYU.L and 0.55% for WIGG.L.
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