WIGG.L vs. UHYG.L
WIGG.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)) and UHYG.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Dist) are both High Yield Bonds funds - WIGG.L tracks the ICE BofA Gbl HY Constnd TR HGBP while UHYG.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 3.52%/yr for UHYG.L. At a 0.18 correlation, their price movements are largely independent. WIGG.L charges 0.55%/yr vs 0.25%/yr for UHYG.L.
Performance
WIGG.L vs. UHYG.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with WIGG.L having a 1.47% return and UHYG.L slightly lower at 1.45%.
WIGG.L
- 1D
- 0.13%
- 1M
- 0.90%
- YTD
- 1.47%
- 6M
- 1.71%
- 1Y
- 7.53%
- 3Y*
- 7.62%
- 5Y*
- 2.72%
- 10Y*
- —
UHYG.L
- 1D
- 0.14%
- 1M
- 1.40%
- YTD
- 1.45%
- 6M
- -4.48%
- 1Y
- 1.72%
- 3Y*
- 3.77%
- 5Y*
- 3.52%
- 10Y*
- —
WIGG.L vs. UHYG.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% |
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist | 1.45% | -4.28% | 9.74% | 5.64% | -1.68% | 4.50% | 2.15% | 9.58% | 8.77% |
Correlation
The correlation between WIGG.L and UHYG.L is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2018 | 0.18 |
The correlation between WIGG.L and UHYG.L shifts across timeframes, from 0.02 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WIGG.L vs. UHYG.L — Risk / Return Rank
WIGG.L
UHYG.L
WIGG.L vs. UHYG.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 Lyxor ESG USD High Yield (DR) UCITS ETF - Dist (UHYG.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 | UHYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.05 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 0.19 | +1.94 |
| Martin ratioReturn relative to average drawdown | 8.95 | 0.36 | +8.59 |
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 | UHYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 0.22 | +1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.41 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.30 | +0.33 |
Drawdowns
WIGG.L vs. UHYG.L - Drawdown Comparison
The maximum WIGG.L drawdown since its inception was -23.44%, which is greater than UHYG.L's maximum drawdown of -15.35%. Use the drawdown chart below to compare losses from any high point for WIGG.L and UHYG.L.
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Drawdown Indicators
| WIGG.L | UHYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.44% | -15.35% | -8.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -8.88% | +5.36% |
Max Drawdown (3Y)Largest decline over 3 years | -4.30% | -9.53% | +5.23% |
Max Drawdown (5Y)Largest decline over 5 years | -17.35% | -10.48% | -6.87% |
Current DrawdownCurrent decline from peak | -0.10% | -6.21% | +6.11% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -4.22% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 4.79% | -3.95% |
Volatility
WIGG.L vs. UHYG.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 Lyxor ESG USD High Yield (DR) UCITS ETF - Dist (UHYG.L) has a volatility of 1.41%. This indicates that WIGG.L experiences smaller price fluctuations and is considered to be less risky than UHYG.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 | UHYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 1.41% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 7.01% | -4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 7.94% | -4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 8.70% | -2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.44% | 9.50% | -2.06% |
WIGG.L vs. UHYG.L - Expense Ratio Comparison
WIGG.L has a 0.55% expense ratio, which is higher than UHYG.L's 0.25% expense ratio.
Dividends
WIGG.L vs. UHYG.L - Dividend Comparison
WIGG.L's dividend yield for the trailing twelve months is around 6.92%, while UHYG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist | 0.00% | 0.00% | 3.44% | 6.00% | 5.93% | 6.98% | 6.98% | 6.59% | 5.42% | 4.11% |
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% |
Frequently Asked Questions
WIGG.L and UHYG.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UHYG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UHYG.L is cheaper with a 0.25% expense ratio, compared with 0.55% for WIGG.L.
WIGG.L tracks ICE BofA Gbl HY Constnd TR HGBP, while UHYG.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.55% for WIGG.L and 0.25% for UHYG.L.
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