WIGG.L vs. SSHY.L
WIGG.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)) and SSHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist) are both High Yield Bonds funds - WIGG.L tracks the ICE BofA Gbl HY Constnd TR HGBP while SSHY.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, WIGG.L returned 2.72%/yr vs 6.31%/yr for SSHY.L. At a 0.09 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
WIGG.L vs. SSHY.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with WIGG.L having a 1.47% return and SSHY.L slightly higher at 1.51%.
WIGG.L
- 1D
- 0.13%
- 1M
- 0.90%
- YTD
- 1.47%
- 6M
- 1.71%
- 1Y
- 7.53%
- 3Y*
- 7.62%
- 5Y*
- 2.72%
- 10Y*
- —
SSHY.L
- 1D
- 0.17%
- 1M
- 1.33%
- YTD
- 1.51%
- 6M
- 1.49%
- 1Y
- 8.19%
- 3Y*
- 5.91%
- 5Y*
- 6.31%
- 10Y*
- 6.28%
WIGG.L vs. SSHY.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% |
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 1.51% | 1.40% | 10.17% | 5.51% | 6.56% | 5.70% | 0.33% | 6.66% | 9.88% |
Correlation
The correlation between WIGG.L and SSHY.L is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2018 | 0.09 |
The correlation between WIGG.L and SSHY.L shifts across timeframes, from -0.04 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WIGG.L vs. SSHY.L — Risk / Return Rank
WIGG.L
SSHY.L
WIGG.L vs. SSHY.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 PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.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 | SSHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.26 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 2.25 | -0.12 |
| Martin ratioReturn relative to average drawdown | 8.95 | 6.90 | +2.05 |
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 | SSHY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 1.44 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.83 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.60 | +0.03 |
Drawdowns
WIGG.L vs. SSHY.L - Drawdown Comparison
The maximum WIGG.L drawdown since its inception was -23.44%, which is greater than SSHY.L's maximum drawdown of -15.94%. Use the drawdown chart below to compare losses from any high point for WIGG.L and SSHY.L.
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Drawdown Indicators
| WIGG.L | SSHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.44% | -15.94% | -7.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -3.63% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -4.30% | -9.91% | +5.61% |
Max Drawdown (5Y)Largest decline over 5 years | -17.35% | -10.24% | -7.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.94% | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.89% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -4.30% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 1.18% | -0.34% |
Volatility
WIGG.L vs. SSHY.L - Volatility Comparison
The current volatility for iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) is 1.30%, while PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) has a volatility of 1.59%. This indicates that WIGG.L experiences smaller price fluctuations and is considered to be less risky than SSHY.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 | SSHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 1.59% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 4.03% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 5.67% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 7.58% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.44% | 9.16% | -1.72% |
WIGG.L vs. SSHY.L - Expense Ratio Comparison
Both WIGG.L and SSHY.L have an expense ratio of 0.55%.
Dividends
WIGG.L vs. SSHY.L - Dividend Comparison
WIGG.L's dividend yield for the trailing twelve months is around 6.92%, less than SSHY.L's 7.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 7.07% | 7.33% | 7.48% | 6.52% | 4.86% | 4.47% | 5.24% | 5.27% | 5.10% | 5.48% | 4.92% | 5.11% |
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 SSHY.L have a correlation of -0.04, 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 SSHY.L have the same expense ratio: 0.55% per year.
WIGG.L tracks ICE BofA Gbl HY Constnd TR HGBP, while SSHY.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and PIMCO.
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