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WIGG.L vs. GHYG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WIGG.L vs. GHYG.L

Last updated Jun 5, 2026

WIGG.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)) and GHYG.L (iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist)) are both High Yield Bonds funds from iShares tracking the ICE BofA Gbl HY Constnd TR HGBP. Both are passively managed. Over the past 5 years, WIGG.L returned 2.72%/yr vs 3.46%/yr for GHYG.L. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.55% expense ratio.

Performance

WIGG.L vs. GHYG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) and iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (GHYG.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WIGG.L achieves a 1.47% return, which is significantly higher than GHYG.L's 0.87% return.

WIGG.L

1D
0.13%
1M
0.90%
YTD
1.47%
6M
1.71%
1Y
7.53%
3Y*
7.62%
5Y*
2.72%
10Y*
—

GHYG.L

1D
-0.48%
1M
0.04%
YTD
0.87%
6M
1.48%
1Y
5.47%
3Y*
7.81%
5Y*
3.46%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

WIGG.L vs. GHYG.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
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%6.57%
GHYG.L
iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist)		0.87%7.92%6.96%11.12%-9.49%3.39%2.46%3.92%

Correlation

The correlation between WIGG.L and GHYG.L is 0.65, 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

0.65

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

0.72

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

0.82

Correlation (All Time)
Calculated using the full available price history since May 1, 2019

0.81

The correlation between WIGG.L and GHYG.L shifts across timeframes, from 0.65 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.

WIGG.L vs. GHYG.L - Sectors Allocation Comparison

Sectors
WIGG.L
GHYG.L

Financial Services

100.0%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

7.3%

Technology

-

-

Utilities

-

92.7%

Financial Services

WIGG.L
100.0%
GHYG.L

-

Basic Materials

WIGG.L

-

GHYG.L

-

Communication Services

WIGG.L

-

GHYG.L

-

Consumer Cyclical

WIGG.L

-

GHYG.L

-

Consumer Defensive

WIGG.L

-

GHYG.L

-

Energy

WIGG.L

-

GHYG.L

-

Healthcare

WIGG.L

-

GHYG.L

-

Industrials

WIGG.L

-

GHYG.L

-

Real Estate

WIGG.L

-

GHYG.L
7.3%

Technology

WIGG.L

-

GHYG.L

-

Utilities

WIGG.L

-

GHYG.L
92.7%

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iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)

iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist)

Often compared with WIGG.L:
WIGG.L vs. XGLE.LWIGG.L vs. NCYF.LWIGG.L vs. CVCG.LWIGG.L vs. SHYU.LWIGG.L vs. JNKS.LWIGG.L vs. HYFC.LWIGG.L vs. FAHY.L
Often compared with GHYG.L:
GHYG.L vs. AGBP.LGHYG.L vs. HYGGHYG.L vs. VAGP.LGHYG.L vs. GHYS.LGHYG.L vs. UHYC.LGHYG.L vs. SDHA.LGHYG.L vs. DHYA.L

Return for Risk

WIGG.L vs. GHYG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WIGG.L
WIGG.L Risk / Return Rank: 5858
Overall Rank
WIGG.L Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
WIGG.L Sortino Ratio Rank: 6565
Sortino Ratio Rank
WIGG.L Omega Ratio Rank: 6666
Omega Ratio Rank
WIGG.L Calmar Ratio Rank: 4444
Calmar Ratio Rank
WIGG.L Martin Ratio Rank: 5353
Martin Ratio Rank
GHYG.L
GHYG.L Risk / Return Rank: 4848
Overall Rank
GHYG.L Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
GHYG.L Sortino Ratio Rank: 5050
Sortino Ratio Rank
GHYG.L Omega Ratio Rank: 4949
Omega Ratio Rank
GHYG.L Calmar Ratio Rank: 4444
Calmar Ratio Rank
GHYG.L Martin Ratio Rank: 5454
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.

WIGG.L vs. GHYG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) and iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (GHYG.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.

WIGG.LGHYG.LDifference
Sharpe ratioReturn per unit of total volatility
1.98
1.52

+0.46

Sortino ratioReturn per unit of downside risk
2.99
2.40

+0.59

Omega ratioGain probability vs. loss probability

1.39

1.30

+0.09

Calmar ratioReturn relative to maximum drawdown

2.13

2.15

-0.02

Martin ratioReturn relative to average drawdown

8.95

9.23

-0.28

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

WIGG.L vs. GHYG.L - Sharpe Ratio Comparison

The current WIGG.L Sharpe Ratio is 1.98, which is higher than the GHYG.L Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of WIGG.L and GHYG.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

WIGG.LGHYG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.98

1.52

+0.46

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.46

0.59

-0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.46

+0.17

Drawdowns

WIGG.L vs. GHYG.L - Drawdown Comparison

The maximum WIGG.L drawdown since its inception was -23.44%, roughly equal to the maximum GHYG.L drawdown of -23.01%. Use the drawdown chart below to compare losses from any high point for WIGG.L and GHYG.L.

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Drawdown Indicators

WIGG.LGHYG.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.44%

-23.01%

-0.43%

Max Drawdown (1Y)

Largest decline over 1 year

-3.52%

-2.54%

-0.98%

Max Drawdown (3Y)

Largest decline over 3 years

-4.30%

-4.57%

+0.27%

Max Drawdown (5Y)

Largest decline over 5 years

-17.35%

-14.45%

-2.90%

Current Drawdown

Current decline from peak

-0.10%

-0.48%

+0.38%

Average Drawdown

Average peak-to-trough decline

-3.59%

-2.99%

-0.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.84%

0.59%

+0.25%

Volatility

WIGG.L vs. GHYG.L - Volatility Comparison

iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) and iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (GHYG.L) have volatilities of 1.30% and 1.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WIGG.LGHYG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.30%

1.28%

+0.02%

Volatility (6M)

Calculated over the trailing 6-month period

2.97%

3.00%

-0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

3.80%

3.60%

+0.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.92%

5.87%

+0.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.44%

7.88%

-0.44%

WIGG.L vs. GHYG.L - Expense Ratio Comparison

Both WIGG.L and GHYG.L have an expense ratio of 0.55%.

Dividends

WIGG.L vs. GHYG.L - Dividend Comparison

WIGG.L's dividend yield for the trailing twelve months is around 6.92%, more than GHYG.L's 5.38% yield.

PositionTTM20252024202320222021202020192018
GHYG.L
iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist)		5.38%5.34%5.26%4.69%4.15%3.73%4.54%1.79%0.00%
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%

Frequently Asked Questions

WIGG.L and GHYG.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

WIGG.L and GHYG.L have the same expense ratio: 0.55% per year.

Both ETFs track ICE BofA Gbl HY Constnd TR HGBP.

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