SLXX.L vs. SHYU.L
SLXX.L (iShares Core £ Corp Bond UCITS ETF) and SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) are both Corporate Bonds funds from iShares - SLXX.L tracks the Markit iBoxx GBP Liquid Corporates Large Cap Index while SHYU.L tracks the Markit iBoxx USD Liquid High Yield Capped Index. Both are passively managed. Over the past 10 years, SLXX.L returned 1.90%/yr vs 5.19%/yr for SHYU.L. At a 0.16 correlation, their price movements are largely independent. SLXX.L charges 0.20%/yr vs 0.50%/yr for SHYU.L.
Performance
SLXX.L vs. SHYU.L - Performance Comparison
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Returns By Period
In the year-to-date period, SLXX.L achieves a 1.00% return, which is significantly lower than SHYU.L's 3.30% return. Over the past 10 years, SLXX.L has underperformed SHYU.L with an annualized return of 1.90%, while SHYU.L has yielded a comparatively higher 5.19% annualized return.
SLXX.L
- 1D
- 0.01%
- 1M
- 1.41%
- YTD
- 1.00%
- 6M
- 1.19%
- 1Y
- 4.49%
- 3Y*
- 6.37%
- 5Y*
- -0.71%
- 10Y*
- 1.90%
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%
SLXX.L vs. SHYU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLXX.L iShares Core £ Corp Bond UCITS ETF | 1.00% | 6.50% | 1.60% | 8.54% | -18.36% | -4.01% | 9.03% | 11.30% | -2.77% | 4.24% |
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% |
Correlation
The correlation between SLXX.L and SHYU.L is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2011 | 0.16 |
The correlation between SLXX.L and SHYU.L shifts across timeframes, from -0.11 (1 year) to 0.17 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SLXX.L vs. SHYU.L — Risk / Return Rank
SLXX.L
SHYU.L
SLXX.L vs. SHYU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core £ Corp Bond UCITS ETF (SLXX.L) and iShares $ High Yield Corp Bond UCITS ETF (SHYU.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.
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.
| SLXX.L | SHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.29 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 2.63 | -1.58 |
| Martin ratioReturn relative to average drawdown | 3.22 | 8.24 | -5.02 |
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Drawdowns
SLXX.L vs. SHYU.L - Drawdown Comparison
The maximum SLXX.L drawdown since its inception was -30.27%, smaller than the maximum SHYU.L drawdown of -38.05%. Use the drawdown chart below to compare losses from any high point for SLXX.L and SHYU.L.
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Drawdown Indicators
| SLXX.L | SHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.27% | -38.05% | +7.78% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -3.56% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -4.25% | -9.06% | +4.81% |
Max Drawdown (5Y)Largest decline over 5 years | -29.34% | -10.47% | -18.87% |
Max Drawdown (10Y)Largest decline over 10 years | -30.27% | -15.00% | -15.27% |
Current DrawdownCurrent decline from peak | -7.12% | -0.39% | -6.73% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -8.90% | +2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.14% | +0.25% |
Volatility
SLXX.L vs. SHYU.L - Volatility Comparison
The current volatility for iShares Core £ Corp Bond UCITS ETF (SLXX.L) is 1.34%, while iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) has a volatility of 1.60%. This indicates that SLXX.L experiences smaller price fluctuations and is considered to be less risky than SHYU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLXX.L | SHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.60% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 4.89% | 4.16% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.60% | 5.81% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.06% | 7.83% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.08% | 9.36% | -1.28% |
SLXX.L vs. SHYU.L - Expense Ratio Comparison
SLXX.L has a 0.20% expense ratio, which is lower than SHYU.L's 0.50% expense ratio.
Dividends
SLXX.L vs. SHYU.L - Dividend Comparison
SLXX.L's dividend yield for the trailing twelve months is around 4.99%, less than SHYU.L's 6.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SLXX.L iShares Core £ Corp Bond UCITS ETF | 4.99% | 4.82% | 4.68% | 4.06% | 2.75% | 2.06% | 2.12% | 2.44% | 2.71% | 2.73% | 2.99% | 3.39% |
Frequently Asked Questions
SLXX.L and SHYU.L have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLXX.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLXX.L is cheaper with a 0.20% expense ratio, compared with 0.50% for SHYU.L.
SLXX.L tracks Markit iBoxx GBP Liquid Corporates Large Cap Index, while SHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index. Their fees differ too: 0.20% for SLXX.L and 0.50% for SHYU.L.
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