WIGG.L vs. IGHY.L
WIGG.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)) and IGHY.L (iShares Global High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds from iShares - WIGG.L tracks the ICE BofA Gbl HY Constnd TR HGBP while IGHY.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, WIGG.L returned 2.72%/yr vs -0.88%/yr for IGHY.L. At a 0.30 correlation, their price movements are largely independent. WIGG.L charges 0.55%/yr vs 0.50%/yr for IGHY.L.
Performance
WIGG.L vs. IGHY.L - Performance Comparison
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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 IGHY.L's -2.13% 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*
- —
IGHY.L
- 1D
- 0.16%
- 1M
- 1.11%
- YTD
- -2.13%
- 6M
- -1.93%
- 1Y
- 1.29%
- 3Y*
- 0.50%
- 5Y*
- -0.88%
- 10Y*
- 0.37%
WIGG.L vs. IGHY.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) | 1.47% | 8.82% | 4.80% | 11.01% | -12.90% | 4.06% | 13.22% | 14.56% | -3.63% |
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | -2.13% | 1.20% | -1.38% | 1.98% | -5.02% | -3.21% | -0.41% | 3.09% | 3.63% |
Correlation
The correlation between WIGG.L and IGHY.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2018 | 0.30 |
The correlation between WIGG.L and IGHY.L shifts across timeframes, from 0.19 (1 year) to 0.31 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
WIGG.L vs. IGHY.L — Risk / Return Rank
WIGG.L
IGHY.L
WIGG.L vs. IGHY.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 Corporate Bond UCITS ETF (IGHY.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.L | IGHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.05 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 0.25 | +1.88 |
| Martin ratioReturn relative to average drawdown | 8.95 | 0.64 | +8.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WIGG.L | IGHY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 0.21 | +1.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | -0.12 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | -0.19 | +0.82 |
Drawdowns
WIGG.L vs. IGHY.L - Drawdown Comparison
The maximum WIGG.L drawdown since its inception was -23.44%, smaller than the maximum IGHY.L drawdown of -38.62%. Use the drawdown chart below to compare losses from any high point for WIGG.L and IGHY.L.
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Drawdown Indicators
| WIGG.L | IGHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.44% | -38.62% | +15.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -5.16% | +1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -4.30% | -6.33% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -17.35% | -11.28% | -6.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.95% | — |
Current DrawdownCurrent decline from peak | -0.10% | -29.35% | +29.25% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -27.58% | +23.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 2.00% | -1.16% |
Volatility
WIGG.L vs. IGHY.L - Volatility Comparison
iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) and iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) have volatilities of 1.30% and 1.33%, 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.L | IGHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 1.33% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 4.95% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 6.24% | -2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 7.25% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.44% | 9.12% | -1.68% |
WIGG.L vs. IGHY.L - Expense Ratio Comparison
WIGG.L has a 0.55% expense ratio, which is higher than IGHY.L's 0.50% expense ratio.
Dividends
WIGG.L vs. IGHY.L - Dividend Comparison
WIGG.L's dividend yield for the trailing twelve months is around 6.92%, more than IGHY.L's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | 0.06% | 0.05% | 0.05% | 0.05% | 0.04% | 0.04% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WIGG.L and IGHY.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGHY.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGHY.L is cheaper with a 0.50% expense ratio, compared with 0.55% for WIGG.L.
WIGG.L tracks ICE BofA Gbl HY Constnd TR HGBP, while IGHY.L tracks ICE BofA Gbl HY Constnd TR USD. Their fees differ too: 0.55% for WIGG.L and 0.50% for IGHY.L.
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