WIGG.L vs. HYSD.L
WIGG.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)) and HYSD.L (iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist)) are both High Yield Bonds funds from iShares - WIGG.L tracks the ICE BofA Gbl HY Constnd TR HGBP while HYSD.L tracks the ICE BofA US High Yield Constrained Index. Both are passively managed. Over the past 3 years, WIGG.L returned 7.29%/yr vs 7.99%/yr for HYSD.L. A 0.71 correlation means they provide meaningful diversification when combined. WIGG.L charges 0.55%/yr vs 0.22%/yr for HYSD.L.
Performance
WIGG.L vs. HYSD.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 higher than HYSD.L's 1.97% 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*
- —
HYSD.L
- 1D
- 0.00%
- 1M
- 0.31%
- 6M
- 1.29%
- YTD
- 1.97%
- 1Y
- 5.49%
- 3Y*
- 7.99%
- 5Y*
- —
- 10Y*
- —
WIGG.L vs. HYSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WIGG.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) | 2.31% | 8.79% | 4.72% | 10.99% | -2.41% |
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 1.97% | 8.24% | 7.60% | 11.75% | -3.60% |
Correlation
The correlation between WIGG.L and HYSD.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022 | 0.71 |
The correlation between WIGG.L and HYSD.L has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.
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Return for Risk
WIGG.L vs. HYSD.L — Risk / Return Rank
WIGG.L
HYSD.L
WIGG.L vs. HYSD.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 Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (HYSD.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 | HYSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.28 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.26 | -0.35 |
| Martin ratioReturn relative to average drawdown | 8.02 | 9.94 | -1.92 |
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Drawdowns
WIGG.L vs. HYSD.L - Drawdown Comparison
The maximum WIGG.L drawdown since its inception was -23.43%, which is greater than HYSD.L's maximum drawdown of -9.53%. Use the drawdown chart below to compare losses from any high point for WIGG.L and HYSD.L.
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Drawdown Indicators
| WIGG.L | HYSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.43% | -9.53% | -13.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -2.42% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -4.44% | -5.02% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -17.34% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.10% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -1.50% | -2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.55% | +0.27% |
Volatility
WIGG.L vs. HYSD.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 Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (HYSD.L) has a volatility of 0.91%. This indicates that WIGG.L experiences smaller price fluctuations and is considered to be less risky than HYSD.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 | HYSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.91% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 3.13% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 3.88% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 6.08% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.49% | 6.08% | +1.41% |
WIGG.L vs. HYSD.L - Expense Ratio Comparison
WIGG.L has a 0.55% expense ratio, which is higher than HYSD.L's 0.22% expense ratio.
Dividends
WIGG.L vs. HYSD.L - Dividend Comparison
WIGG.L's dividend yield for the trailing twelve months is around 5.60%, less than HYSD.L's 7.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 7.39% | 7.39% | 7.39% | 5.61% | 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 HYSD.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYSD.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYSD.L is cheaper with a 0.22% expense ratio, compared with 0.55% for WIGG.L.
WIGG.L tracks ICE BofA Gbl HY Constnd TR HGBP, while HYSD.L tracks ICE BofA US High Yield Constrained Index. Their fees differ too: 0.55% for WIGG.L and 0.22% for HYSD.L.
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