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Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Dist (GBHY.L) Sharpe Ratio: 1.08

ETF · Currency in USD · Last updated Jun 26, 2026

GBHY.L is a passive ETF by Invesco tracking the investment results of the Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index. GBHY.L launched on Apr 12, 2023 and has a 0.25% expense ratio.

GBHY.L's Sharpe Ratio of 1.08 indicates that for each unit of volatility, it generates 1.08 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 26, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

GBHY.L Sharpe Ratio Rank

GBHY.L Sharpe Ratio Rank: 32.132
Below Average

GBHY.L ranks above 32.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

GBHY.L Sharpe Ratio Market Positioning

The chart shows GBHY.L's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.12
  • Green zone (top 25%): 2.12 or higher
  • Top 1%: 6.92+
  • Median: 1.56 — half of all investments score higher

How it compares to other similar ETFs

The table compares Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Dist's Sharpe Ratio with other ETFs in the High Yield Bonds category across multiple time periods, showing how GBHY.L's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 26, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
JHYU.LJPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)2.31
JGYH.LJPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)2.15
JHYP.LJPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)2.01
HYEA.LiShares Global High Yield Corporate Bond UCITS ETF1.93
STHY.LPIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income1.88
STYC.LPIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc1.87
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist1.86
RISE.LiShares Fallen Angels High Yield Corporate Bond UCITS ETF1.85
WIGG.LiShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)1.84
SDHA.LiShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)1.76
GBHY.LInvesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Dist1.08

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows GBHY.L's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when GBHY.L consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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