VUSC.DE vs. SHYG.L
VUSC.DE (Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing) and SHYG.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - VUSC.DE is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD, while SHYG.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR. Both are passively managed. Over the past 5 years, VUSC.DE returned 3.63%/yr vs 2.77%/yr for SHYG.L. At a correlation of -0.17, they often move in opposite directions. VUSC.DE charges 0.09%/yr vs 0.50%/yr for SHYG.L.
Performance
VUSC.DE vs. SHYG.L - Performance Comparison
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Different Trading Currencies
VUSC.DE is traded in EUR, while SHYG.L is traded in GBP. To make them comparable, the SHYG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VUSC.DE achieves a 4.35% return, which is significantly higher than SHYG.L's 1.20% return.
VUSC.DE
- 1D
- -0.07%
- 1M
- 2.34%
- YTD
- 4.35%
- 6M
- 4.70%
- 1Y
- 6.86%
- 3Y*
- 4.05%
- 5Y*
- 3.63%
- 10Y*
- —
SHYG.L
- 1D
- -0.11%
- 1M
- 0.66%
- YTD
- 1.20%
- 6M
- 1.22%
- 1Y
- 3.80%
- 3Y*
- 6.52%
- 5Y*
- 2.77%
- 10Y*
- 3.26%
VUSC.DE vs. SHYG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VUSC.DE Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing | 4.35% | -5.83% | 11.48% | 1.85% | 2.14% | 8.14% | -5.67% | 7.84% | 3.68% |
SHYG.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 1.20% | 4.75% | 5.84% | 11.62% | -9.35% | 2.58% | 0.82% | 11.09% | -3.26% |
Correlation
The correlation between VUSC.DE and SHYG.L is -0.24, 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 | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.23 |
Correlation (All Time) Calculated using the full available price history since May 22, 2018 | -0.17 |
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Return for Risk
VUSC.DE vs. SHYG.L — Risk / Return Rank
VUSC.DE
SHYG.L
VUSC.DE vs. SHYG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing (VUSC.DE) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.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.
| VUSC.DE | SHYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.28 | +0.81 |
| Martin ratioReturn relative to average drawdown | 5.45 | 5.14 | +0.31 |
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Drawdowns
VUSC.DE vs. SHYG.L - Drawdown Comparison
The maximum VUSC.DE drawdown since its inception was -11.52%, smaller than the maximum SHYG.L drawdown of -26.57%. Use the drawdown chart below to compare losses from any high point for VUSC.DE and SHYG.L.
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Drawdown Indicators
| VUSC.DE | SHYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.52% | -26.57% | +15.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -2.95% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -10.56% | -3.72% | -6.84% |
Max Drawdown (5Y)Largest decline over 5 years | -11.52% | -15.49% | +3.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.57% | — |
Current DrawdownCurrent decline from peak | -3.90% | -0.29% | -3.61% |
Average DrawdownAverage peak-to-trough decline | -4.32% | -3.30% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 0.74% | +0.52% |
Volatility
VUSC.DE vs. SHYG.L - Volatility Comparison
Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing (VUSC.DE) has a higher volatility of 1.30% compared to iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L) at 0.78%. This indicates that VUSC.DE's price experiences larger fluctuations and is considered to be riskier than SHYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUSC.DE | SHYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 0.78% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 3.26% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.49% | 3.88% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.01% | 5.95% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 7.53% | -0.87% |
VUSC.DE vs. SHYG.L - Expense Ratio Comparison
VUSC.DE has a 0.09% expense ratio, which is lower than SHYG.L's 0.50% expense ratio.
Dividends
VUSC.DE vs. SHYG.L - Dividend Comparison
VUSC.DE's dividend yield for the trailing twelve months is around 4.45%, less than SHYG.L's 6.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYG.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 6.50% | 5.31% | 6.24% | 5.39% | 3.58% | 3.13% | 3.66% | 3.86% | 3.65% | 3.74% | 3.83% | 4.55% |
VUSC.DE Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing | 4.45% | 5.05% | 4.78% | 4.15% | 1.99% | 1.01% | 2.15% | 2.83% | 1.76% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VUSC.DE and SHYG.L have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUSC.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSC.DE is cheaper with a 0.09% expense ratio, compared with 0.50% for SHYG.L.
VUSC.DE is categorized as Corporate Bonds, while SHYG.L is European High Yield Bonds. VUSC.DE tracks Bloomberg US Corp 1-3 Yr TR USD, while SHYG.L tracks Bloomberg Pan Euro HY Euro TR EUR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VUSC.DE and 0.50% for SHYG.L.
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