- Issuer
- iShares
- Inception Date
- Jun 5, 2019
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares Global High Yield Corp Bond UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
HYLA.L Performance Chart
iShares Global High Yield Corp Bond UCITS ETF (HYLA.L) is up 0.7% since the beginning of the year. HYLA.L is currently trading at $7 per share. Investors who bought $1,000 worth of HYLA.L shares 5 years ago would now be looking at an investment worth $1,168.
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Returns By Period
iShares Global High Yield Corp Bond UCITS ETF (HYLA.L) has returned 0.70% so far this year and 4.54% over the past 12 months.
iShares Global High Yield Corp Bond UCITS ETF
- 1D
- 0.12%
- 1M
- -0.32%
- 6M
- 0.56%
- YTD
- 0.70%
- 1Y
- 4.54%
- 3Y*
- 7.76%
- 5Y*
- 3.15%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
HYLA.L Monthly Returns History
Based on dividend-adjusted daily data since Oct 19, 2017, HYLA.L's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.
Historically, 56% of months were positive and 44% were negative. The best month was Jul 2022 with a return of +5.8%, while the worst month was Mar 2020 at -10.7%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HYLA.L closed higher 47% of trading days. The best single day was Apr 9, 2020 with a return of +6.9%, while the worst single day was Mar 12, 2020 at -9.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.03% | 0.15% | -3.34% | 2.85% | 0.58% | -0.58% | 0.12% | 0.70% | |||||
| 2025 | 1.01% | 0.67% | 1.32% | 3.26% | 1.58% | 2.64% | -0.76% | 1.83% | 0.75% | -0.60% | 0.90% | 1.04% | 14.45% |
| 2024 | -1.38% | -0.17% | 0.88% | -1.39% | 1.76% | -0.17% | 2.25% | 2.54% | 1.98% | -1.94% | -0.66% | -1.00% | 2.59% |
| 2023 | 2.99% | -1.44% | 2.01% | 1.22% | -2.34% | 2.57% | 1.68% | -0.92% | -2.03% | -0.57% | 5.31% | 4.50% | 13.39% |
| 2022 | -2.86% | -1.08% | -1.21% | -5.46% | 0.69% | -7.64% | 5.77% | -4.94% | -4.27% | 3.15% | 4.60% | 1.74% | -11.81% |
| 2021 | -0.44% | 0.02% | -0.50% | 1.71% | 0.91% | -0.51% | 0.71% | -0.15% | -1.24% | -0.22% | -2.28% | 1.92% | -0.14% |
Benchmark Metrics
iShares Global High Yield Corp Bond UCITS ETF has an annualized alpha of 0.63%, beta of 0.24, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since October 19, 2017.
- This ETF participated in 46.97% of S&P 500 Index downside but only 31.14% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.24 may look defensive, but with R2 of 0.23 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 0.23 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
- 0.63%
- Beta
- 0.24
- R²
- 0.23
- Upside Capture
- 31.14%
- Downside Capture
- 46.97%
Expense Ratio
HYLA.L has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HYLA.L ranks 23 for risk / return — below 23% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Global High Yield Corp Bond UCITS ETF (HYLA.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.
| HYLA.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.31 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.35 | -1.47 |
| Martin ratioReturn relative to average drawdown | 2.95 | 10.19 | -7.24 |
Dividends
Dividend History
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 Global High Yield Corp Bond UCITS ETF. 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 Global High Yield Corp Bond UCITS ETF was 24.42%, occurring on Mar 23, 2020. Recovery took 91 trading sessions.
The current iShares Global High Yield Corp Bond UCITS ETF drawdown is 1.04%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-24.42%Mar 2020 | 2mo 3d | 4mo 13d | 6mo 16dJan 2020 - Aug 2020 | COVID crash2020 |
-22.93%Sep 2022 | 1y 21d | 1y 10mo | 2y 11moSep 2021 - Aug 2024 | Bear market2022 |
-6.70%Dec 2018 | 10mo 28d | 2mo 27d | 1y 1moJan 2018 - Mar 2019 | Rate-hike selloffLate 2018 |
-5.65%Jan 2025 | 3mo 15d | 2mo 6d | 5mo 21dSep 2024 - Mar 2025 | — |
-4.62%Mar 2026 | 1mo 28d | — | 5mo 19dJan 2026 - now | — |
Drawdown Indicators
| HYLA.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.42% | -56.78% | +32.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.62% | -9.10% | +4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -5.65% | -18.90% | +13.25% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -25.43% | +2.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.04% | -0.49% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -10.70% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 2.09% | -0.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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