WIGG.L vs. HYGB.L
WIGG.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)) and HYGB.L (VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc)) are both exchange-traded funds - WIGG.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR HGBP, while HYGB.L is a Emerging Markets Bonds fund tracking the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. Both are passively managed. Over the past 5 years, WIGG.L returned 2.53%/yr vs 3.29%/yr for HYGB.L. At a correlation of -0.11, they often move in opposite directions. WIGG.L charges 0.55%/yr vs 0.40%/yr for HYGB.L.
Performance
WIGG.L vs. HYGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, WIGG.L achieves a 2.31% return, which is significantly lower than HYGB.L's 3.73% return.
WIGG.L
- 1D
- 0.20%
- 1M
- 0.32%
- 6M
- 1.50%
- YTD
- 2.31%
- 1Y
- 6.58%
- 3Y*
- 7.29%
- 5Y*
- 2.53%
- 10Y*
- —
HYGB.L
- 1D
- 0.36%
- 1M
- -0.41%
- 6M
- 2.50%
- YTD
- 3.73%
- 1Y
- 7.76%
- 3Y*
- 8.68%
- 5Y*
- 3.29%
- 10Y*
- —
WIGG.L vs. HYGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WIGG.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) | 2.31% | 8.79% | 4.72% | 10.99% | -12.83% | 3.93% | 13.26% | 14.53% | -3.37% |
HYGB.L VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) | 3.73% | 1.56% | 13.72% | 1.66% | -2.52% | 0.59% | 1.90% | 10.99% | -23.64% |
Correlation
The correlation between WIGG.L and HYGB.L is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | -0.11 |
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Return for Risk
WIGG.L vs. HYGB.L — Risk / Return Rank
WIGG.L
HYGB.L
WIGG.L vs. HYGB.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 VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYGB.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.
| WIGG.L | HYGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.21 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.33 | -0.43 |
| Martin ratioReturn relative to average drawdown | 8.02 | 5.93 | +2.09 |
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Drawdowns
WIGG.L vs. HYGB.L - Drawdown Comparison
The maximum WIGG.L drawdown since its inception was -23.43%, smaller than the maximum HYGB.L drawdown of -26.72%. Use the drawdown chart below to compare losses from any high point for WIGG.L and HYGB.L.
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Drawdown Indicators
| WIGG.L | HYGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.43% | -26.72% | +3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -3.31% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -4.44% | -8.96% | +4.52% |
Max Drawdown (5Y)Largest decline over 5 years | -17.34% | -23.02% | +5.68% |
Current DrawdownCurrent decline from peak | -0.40% | -1.93% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -14.28% | +10.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.30% | -0.48% |
Volatility
WIGG.L vs. HYGB.L - Volatility Comparison
The current volatility for iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) is 0.74%, while VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYGB.L) has a volatility of 1.48%. This indicates that WIGG.L experiences smaller price fluctuations and is considered to be less risky than HYGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WIGG.L | HYGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.48% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 4.96% | -1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 6.52% | -2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 18.18% | -12.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.49% | 17.40% | -9.91% |
WIGG.L vs. HYGB.L - Expense Ratio Comparison
WIGG.L has a 0.55% expense ratio, which is higher than HYGB.L's 0.40% expense ratio.
Dividends
WIGG.L vs. HYGB.L - Dividend Comparison
WIGG.L's dividend yield for the trailing twelve months is around 5.60%, while HYGB.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HYGB.L VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WIGG.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) | 5.60% | 5.58% | 5.75% | 5.08% | 4.47% | 3.89% | 4.24% | 4.53% | 3.28% |
Frequently Asked Questions
WIGG.L and HYGB.L have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYGB.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYGB.L is cheaper with a 0.40% expense ratio, compared with 0.55% for WIGG.L.
WIGG.L is categorized as High Yield Bonds, while HYGB.L is Emerging Markets Bonds. WIGG.L tracks ICE BofA Gbl HY Constnd TR HGBP, while HYGB.L tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.55% for WIGG.L and 0.40% for HYGB.L.
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