WIGG.L vs. HYGU.L
WIGG.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)) and HYGU.L (iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc)) are both exchange-traded funds - WIGG.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR HGBP, while HYGU.L is a European High Yield Bonds fund tracking the Markit iBoxx Euro Liquid High Yield Index (EUR). Both are passively managed. Over the past 5 years, WIGG.L returned 2.53%/yr vs 5.04%/yr for HYGU.L. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
WIGG.L vs. HYGU.L - Performance Comparison
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Different Trading Currencies
WIGG.L is traded in GBP, while HYGU.L is traded in USD. To make them comparable, the HYGU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with WIGG.L having a 2.31% return and HYGU.L slightly lower at 2.21%.
WIGG.L
- 1D
- 0.20%
- 1M
- 0.32%
- 6M
- 1.50%
- YTD
- 2.31%
- 1Y
- 6.58%
- 3Y*
- 7.29%
- 5Y*
- 2.53%
- 10Y*
- —
HYGU.L
- 1D
- 0.03%
- 1M
- -1.09%
- 6M
- 1.48%
- YTD
- 2.21%
- 1Y
- 4.82%
- 3Y*
- 6.89%
- 5Y*
- 5.04%
- 10Y*
- —
WIGG.L vs. HYGU.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% |
HYGU.L iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc) | 2.21% | -0.40% | 9.16% | 7.87% | 3.91% | 4.70% | -0.84% | 8.53% | 9.56% |
Correlation
The correlation between WIGG.L and HYGU.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.13 |
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Return for Risk
WIGG.L vs. HYGU.L — Risk / Return Rank
WIGG.L
HYGU.L
WIGG.L vs. HYGU.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 € High Yield Corp Bond UCITS ETF USD Hedged (Acc) (HYGU.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 | HYGU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.13 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.12 | +0.79 |
| Martin ratioReturn relative to average drawdown | 8.02 | 2.79 | +5.23 |
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Drawdowns
WIGG.L vs. HYGU.L - Drawdown Comparison
The maximum WIGG.L drawdown since its inception was -23.43%, which is greater than HYGU.L's maximum drawdown of -19.14%. Use the drawdown chart below to compare losses from any high point for WIGG.L and HYGU.L.
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Drawdown Indicators
| WIGG.L | HYGU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.43% | -19.14% | -4.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -4.27% | +0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -4.44% | -8.35% | +3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -17.34% | -9.08% | -8.26% |
Current DrawdownCurrent decline from peak | -0.40% | -1.99% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -3.90% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.72% | -0.90% |
Volatility
WIGG.L vs. HYGU.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 iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc) (HYGU.L) has a volatility of 1.62%. This indicates that WIGG.L experiences smaller price fluctuations and is considered to be less risky than HYGU.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 | HYGU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.62% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 5.11% | -2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 6.78% | -2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 8.40% | -2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.49% | 9.42% | -1.93% |
WIGG.L vs. HYGU.L - Expense Ratio Comparison
Both WIGG.L and HYGU.L have an expense ratio of 0.55%.
Dividends
WIGG.L vs. HYGU.L - Dividend Comparison
WIGG.L's dividend yield for the trailing twelve months is around 5.60%, while HYGU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HYGU.L iShares € High Yield Corp Bond UCITS ETF USD Hedged (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 HYGU.L have a correlation of 0.12, 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 HYGU.L have the same expense ratio: 0.55% per year.
WIGG.L is categorized as High Yield Bonds, while HYGU.L is European High Yield Bonds. WIGG.L tracks ICE BofA Gbl HY Constnd TR HGBP, while HYGU.L tracks Markit iBoxx Euro Liquid High Yield Index (EUR).
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