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VT vs. IHYG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VT vs. IHYG.L

Last updated Jun 9, 2026

VT (Vanguard Total World Stock ETF) and IHYG.L (iShares € High Yield Corp Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - VT is a Global Equities fund tracking the FTSE Global All Cap Index, while IHYG.L is a European High Yield Bonds fund tracking the Markit iBoxx Euro Liquid High Yield Index. Both are passively managed. Over the past 10 years, VT returned 12.61%/yr vs 3.35%/yr for IHYG.L. At a 0.44 correlation, their price movements are largely independent. VT charges 0.06%/yr vs 0.50%/yr for IHYG.L.

Performance

VT vs. IHYG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total World Stock ETF (VT) and iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VT is traded in USD, while IHYG.L is traded in EUR. To make them comparable, the IHYG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VT achieves a 9.77% return, which is significantly higher than IHYG.L's -1.29% return. Over the past 10 years, VT has outperformed IHYG.L with an annualized return of 12.61%, while IHYG.L has yielded a comparatively lower 3.35% annualized return.

VT

1D
0.52%
1M
-0.45%
YTD
9.77%
6M
10.59%
1Y
25.47%
3Y*
19.82%
5Y*
10.54%
10Y*
12.61%

IHYG.L

1D
0.01%
1M
-1.85%
YTD
-1.29%
6M
0.46%
1Y
4.25%
3Y*
8.59%
5Y*
1.48%
10Y*
3.35%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VT vs. IHYG.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VT
Vanguard Total World Stock ETF		9.77%22.43%16.49%22.02%-18.00%18.27%16.59%26.81%-9.76%24.50%
IHYG.L
iShares € High Yield Corp Bond UCITS ETF EUR (Dist)		-1.29%19.47%-0.83%14.86%-14.91%-3.98%10.09%7.57%-8.07%19.64%

Correlation

The correlation between VT and IHYG.L is 0.53, 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

0.53

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.53

Correlation (10Y)
Calculated over the trailing 10-year period

0.46

Correlation (All Time)
Calculated using the full available price history since Sep 6, 2010

0.44

The correlation between VT and IHYG.L has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.

VT vs. IHYG.L - Sectors Allocation Comparison

Sectors
VT
IHYG.L

Technology

27.8%

-

Financial Services

15.9%
100.0%

Industrials

12.0%

-

Consumer Cyclical

9.5%

-

Communication Services

8.3%

-

Healthcare

8.1%

-

Consumer Defensive

4.8%

-

Energy

4.3%

-

Basic Materials

4.2%

-

Utilities

2.7%

-

Real Estate

2.4%

-

Technology

VT
27.8%
IHYG.L

-

Financial Services

VT
15.9%
IHYG.L
100.0%

Industrials

VT
12.0%
IHYG.L

-

Consumer Cyclical

VT
9.5%
IHYG.L

-

Communication Services

VT
8.3%
IHYG.L

-

Healthcare

VT
8.1%
IHYG.L

-

Consumer Defensive

VT
4.8%
IHYG.L

-

Energy

VT
4.3%
IHYG.L

-

Basic Materials

VT
4.2%
IHYG.L

-

Utilities

VT
2.7%
IHYG.L

-

Real Estate

VT
2.4%
IHYG.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Total World Stock ETF

iShares € High Yield Corp Bond UCITS ETF EUR (Dist)

Often compared with VT:
VT vs. VOOVT vs. VTIVT vs. VXUSVT vs. SPYVT vs. ACWIVT vs. VWRA.LVT vs. VWCE.DE
Often compared with IHYG.L:
IHYG.L vs. IEAC.ASIHYG.L vs. XHYA.DEIHYG.L vs. XAT1.DEIHYG.L vs. GLDIHYG.L vs. SDHA.LIHYG.L vs. YIEL.LIHYG.L vs. XHYG.L

Return for Risk

VT vs. IHYG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VT
VT Risk / Return Rank: 6565
Overall Rank
VT Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
VT Sortino Ratio Rank: 6464
Sortino Ratio Rank
VT Omega Ratio Rank: 6666
Omega Ratio Rank
VT Calmar Ratio Rank: 5959
Calmar Ratio Rank
VT Martin Ratio Rank: 6969
Martin Ratio Rank
IHYG.L
IHYG.L Risk / Return Rank: 2828
Overall Rank
IHYG.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IHYG.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
IHYG.L Omega Ratio Rank: 2626
Omega Ratio Rank
IHYG.L Calmar Ratio Rank: 2525
Calmar Ratio Rank
IHYG.L Martin Ratio Rank: 3333
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VT vs. IHYG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Stock ETF (VT) and iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.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.

VTIHYG.LDifference
Sharpe ratioReturn per unit of total volatility
1.96
0.55

+1.41

Sortino ratioReturn per unit of downside risk
2.68
0.85

+1.82

Omega ratioGain probability vs. loss probability

1.36

1.10

+0.25

Calmar ratioReturn relative to maximum drawdown

2.64

0.58

+2.07

Martin ratioReturn relative to average drawdown

11.68

1.67

+10.01

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VT vs. IHYG.L - Sharpe Ratio Comparison

The current VT Sharpe Ratio is 1.96, which is higher than the IHYG.L Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of VT and IHYG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VTIHYG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.96

0.55

+1.41

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

0.14

+0.52

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

0.31

+0.42

Sharpe Ratio (All Time)

Calculated using the full available price history

0.43

0.31

+0.12

Drawdowns

VT vs. IHYG.L - Drawdown Comparison

The maximum VT drawdown since its inception was -50.27%, which is greater than IHYG.L's maximum drawdown of -31.65%. Use the drawdown chart below to compare losses from any high point for VT and IHYG.L.

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Drawdown Indicators

VTIHYG.LDifference

Max Drawdown

Largest peak-to-trough decline

-50.27%

-31.65%

-18.62%

Max Drawdown (1Y)

Largest decline over 1 year

-9.67%

-7.35%

-2.32%

Max Drawdown (3Y)

Largest decline over 3 years

-16.51%

-7.61%

-8.90%

Max Drawdown (5Y)

Largest decline over 5 years

-26.38%

-31.62%

+5.24%

Max Drawdown (10Y)

Largest decline over 10 years

-34.24%

-31.65%

-2.59%

Current Drawdown

Current decline from peak

-3.06%

-3.97%

+0.91%

Average Drawdown

Average peak-to-trough decline

-7.02%

-8.99%

+1.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.19%

2.54%

-0.35%

Volatility

VT vs. IHYG.L - Volatility Comparison

Vanguard Total World Stock ETF (VT) has a higher volatility of 4.55% compared to iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) at 2.00%. This indicates that VT's price experiences larger fluctuations and is considered to be riskier than IHYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VTIHYG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.55%

2.00%

+2.55%

Volatility (6M)

Calculated over the trailing 6-month period

10.67%

5.86%

+4.81%

Volatility (1Y)

Calculated over the trailing 1-year period

13.10%

7.71%

+5.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.10%

10.62%

+5.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.26%

10.79%

+6.47%

VT vs. IHYG.L - Expense Ratio Comparison

VT has a 0.06% expense ratio, which is lower than IHYG.L's 0.50% expense ratio.

Dividends

VT vs. IHYG.L - Dividend Comparison

VT's dividend yield for the trailing twelve months is around 1.63%, less than IHYG.L's 5.18% yield.

PositionTTM20252024202320222021202020192018201720162015
IHYG.L
iShares € High Yield Corp Bond UCITS ETF EUR (Dist)		5.18%5.44%6.10%5.41%3.70%3.07%3.67%3.76%3.68%3.77%4.03%4.59%
VT
Vanguard Total World Stock ETF		1.63%1.82%1.95%2.08%2.20%1.82%1.66%2.32%2.53%2.11%2.39%2.45%

Frequently Asked Questions

VT and IHYG.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VT is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VT is cheaper with a 0.06% expense ratio, compared with 0.50% for IHYG.L.

VT is categorized as Global Equities, while IHYG.L is European High Yield Bonds. VT tracks FTSE Global All Cap Index, while IHYG.L tracks Markit iBoxx Euro Liquid High Yield Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.06% for VT and 0.50% for IHYG.L.

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