VUCP.L vs. SHYU.L
VUCP.L (Vanguard USD Corporate Bond UCITS ETF Distributing) and SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) are both Corporate Bonds funds - VUCP.L tracks the Bloomberg US Corp Bond TR USD while SHYU.L tracks the Markit iBoxx USD Liquid High Yield Capped Index. Both are passively managed. Over the past 10 years, VUCP.L returned 3.04%/yr vs 5.50%/yr for SHYU.L. A 0.77 correlation means they provide meaningful diversification when combined. VUCP.L charges 0.09%/yr vs 0.50%/yr for SHYU.L.
Performance
VUCP.L vs. SHYU.L - Performance Comparison
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Returns By Period
In the year-to-date period, VUCP.L achieves a 3.11% return, which is significantly lower than SHYU.L's 3.70% return. Over the past 10 years, VUCP.L has underperformed SHYU.L with an annualized return of 3.04%, while SHYU.L has yielded a comparatively higher 5.50% annualized return.
VUCP.L
- 1D
- 0.67%
- 1M
- 3.45%
- YTD
- 3.11%
- 6M
- 4.04%
- 1Y
- 8.77%
- 3Y*
- 4.30%
- 5Y*
- 1.75%
- 10Y*
- 3.04%
SHYU.L
- 1D
- 0.39%
- 1M
- 2.85%
- YTD
- 3.70%
- 6M
- 4.61%
- 1Y
- 9.88%
- 3Y*
- 7.35%
- 5Y*
- 5.04%
- 10Y*
- 5.50%
VUCP.L vs. SHYU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing | 3.11% | 0.35% | 4.48% | 2.22% | -4.79% | 0.07% | 5.63% | 11.03% | 3.09% | -2.96% |
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | 3.70% | 1.93% | 8.55% | 4.73% | 2.04% | 4.96% | 1.60% | 9.12% | 4.39% | -3.90% |
Correlation
The correlation between VUCP.L and SHYU.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.77 |
The correlation between VUCP.L and SHYU.L has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.
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Return for Risk
VUCP.L vs. SHYU.L — Risk / Return Rank
VUCP.L
SHYU.L
VUCP.L vs. SHYU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.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.
| VUCP.L | SHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.76 | -0.91 |
| Martin ratioReturn relative to average drawdown | 4.46 | 8.64 | -4.18 |
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Drawdowns
VUCP.L vs. SHYU.L - Drawdown Comparison
The maximum VUCP.L drawdown since its inception was -15.05%, smaller than the maximum SHYU.L drawdown of -38.05%. Use the drawdown chart below to compare losses from any high point for VUCP.L and SHYU.L.
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Drawdown Indicators
| VUCP.L | SHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.05% | -38.05% | +23.00% |
Max Drawdown (1Y)Largest decline over 1 year | -4.71% | -3.56% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -8.61% | -9.06% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -12.60% | -10.47% | -2.13% |
Max Drawdown (10Y)Largest decline over 10 years | -15.05% | -15.00% | -0.05% |
Current DrawdownCurrent decline from peak | -0.98% | 0.00% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -6.37% | -8.90% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.14% | +0.82% |
Volatility
VUCP.L vs. SHYU.L - Volatility Comparison
Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.L) has a higher volatility of 1.78% compared to iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) at 1.51%. This indicates that VUCP.L's price experiences larger fluctuations and is considered to be riskier 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
| VUCP.L | SHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.51% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 4.21% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 5.83% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.49% | 7.83% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.43% | 9.36% | +0.07% |
VUCP.L vs. SHYU.L - Expense Ratio Comparison
VUCP.L has a 0.09% expense ratio, which is lower than SHYU.L's 0.50% expense ratio.
Dividends
VUCP.L vs. SHYU.L - Dividend Comparison
VUCP.L's dividend yield for the trailing twelve months is around 5.05%, less than SHYU.L's 6.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | 6.15% | 6.25% | 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 | 5.05% | 5.29% | 4.89% | 4.45% | 3.42% | 2.54% | 3.02% | 3.37% | 3.43% | 3.32% | 2.30% | 0.00% |
Frequently Asked Questions
VUCP.L and SHYU.L have a correlation of 0.82, 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.
VUCP.L tracks Bloomberg US Corp Bond TR USD, while SHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VUCP.L and 0.50% for SHYU.L.
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