- Issuer
- iShares
- Inception Date
- May 21, 2021
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged Dist
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
DHYG.L Performance Chart
iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged Dist (DHYG.L) is up 1.3% since the beginning of the year. DHYG.L is currently trading at £4 per share.
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Returns By Period
iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged Dist (DHYG.L) has returned 1.34% so far this year and 5.43% over the past 12 months.
iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged Dist
- 1D
- -0.25%
- 1M
- -0.01%
- 6M
- 1.11%
- YTD
- 1.34%
- 1Y
- 5.43%
- 3Y*
- 7.84%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.66%
- 1M
- -0.64%
- 6M
- 8.66%
- YTD
- 10.17%
- 1Y
- 19.99%
- 3Y*
- 17.60%
- 5Y*
- 12.23%
- 10Y*
- 13.06%
DHYG.L Monthly Returns History
Based on dividend-adjusted daily data since Sep 13, 2021, DHYG.L's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.
Historically, 61% of months were positive and 39% were negative. The best month was Jul 2022 with a return of +6.1%, while the worst month was Jun 2022 at -7.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, DHYG.L closed higher 38% of trading days. The best single day was Dec 14, 2023 with a return of +1.9%, while the worst single day was Jun 13, 2022 at -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.00% | 0.36% | -1.88% | 1.91% | 0.75% | 0.47% | -0.25% | 1.34% | |||||
| 2025 | 1.65% | 0.46% | -1.15% | 0.47% | 1.59% | 1.65% | 0.23% | 0.93% | 0.92% | 0.23% | 0.49% | 0.94% | 8.70% |
| 2024 | 0.24% | 0.00% | 1.42% | -1.63% | 1.45% | 0.73% | 2.16% | 1.65% | 1.62% | -0.91% | 1.78% | -0.93% | 7.73% |
| 2023 | 3.19% | -1.67% | 1.45% | 0.72% | -1.35% | 1.73% | 0.97% | 0.00% | -1.20% | -1.46% | 4.44% | 3.69% | 10.76% |
| 2022 | -3.20% | -0.62% | -1.25% | -4.00% | 0.59% | -6.98% | 6.05% | -3.42% | -3.78% | 1.97% | 1.25% | -0.25% | -13.39% |
| 2021 | -0.40% | -0.40% | -1.41% | 2.04% | -0.20% |
Benchmark Metrics
iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged Dist has an annualized alpha of 1.29%, beta of 0.12, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since September 13, 2021.
- This ETF participated in 39.63% of S&P 500 Index downside but only 25.88% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.12 may look defensive, but with R2 of 0.08 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.08 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.29%
- Beta
- 0.12
- R²
- 0.08
- Upside Capture
- 25.88%
- Downside Capture
- 39.63%
Expense Ratio
DHYG.L has an expense ratio of 0.27%, which is considered low.
Return for Risk
Risk / Return Rank
DHYG.L ranks 53 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged Dist (DHYG.L) and compare them to S&P 500 Index.
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.
| DHYG.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.50 | -0.38 |
| Martin ratioReturn relative to average drawdown | 8.99 | 9.11 | -0.12 |
Dividends
Dividend History
iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged Dist provided a 6.81% dividend yield over the last twelve months, with an annual payout of £0.29 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | £0.29 | £0.29 | £0.30 | £0.27 | £0.26 |
Dividend yield | 6.81% | 6.70% | 7.02% | 6.41% | 6.51% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged Dist. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | £0.00 | £0.07 | £0.00 | £0.00 | £0.07 | £0.00 | £0.00 | £0.14 | |||||
| 2025 | £0.00 | £0.00 | £0.00 | £0.00 | £0.14 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.15 | £0.00 | £0.29 |
| 2024 | £0.00 | £0.00 | £0.00 | £0.00 | £0.15 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.15 | £0.00 | £0.30 |
| 2023 | £0.00 | £0.00 | £0.00 | £0.00 | £0.12 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.15 | £0.00 | £0.27 |
| 2022 | £0.14 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.12 | £0.00 | £0.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged Dist. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged Dist was 17.27%, occurring on Sep 27, 2022. Recovery took 474 trading sessions.
The current iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged Dist drawdown is 0.48%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-17.27%Sep 2022 | 1y 3d | 1y 10mo | 2y 10moSep 2021 - Aug 2024 | Bear market2022 |
-4.39%Apr 2025 | 1mo 6d | 1mo 3d | 2mo 9dMar 2025 - May 2025 | 2025 selloff2025 |
-2.67%Mar 2026 | 1mo 6d | 18d | 1mo 24dFeb 2026 - Apr 2026 | — |
-1.63%Dec 2024 | 7d | 1mo 2d | 1mo 9dDec 2024 - Jan 2025 | — |
-1.40%May 2026 | 12d | 10d | 22dMay 2026 - May 2026 | — |
Drawdown Indicators
| DHYG.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.27% | -37.07% | +19.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -8.03% | +5.36% |
Max Drawdown (3Y)Largest decline over 3 years | -4.39% | -22.15% | +17.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | -0.48% | -1.42% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -5.29% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 2.20% | -1.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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