- Issuer
- iShares
- Inception Date
- Jul 26, 2019
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
IHHG.L Performance Chart
iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (IHHG.L) is up 1.7% since the beginning of the year. IHHG.L is currently trading at £4 per share. Investors who bought £1,000 worth of IHHG.L shares 5 years ago would now be looking at an investment worth £1,167.
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Returns By Period
iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (IHHG.L) has returned 1.69% so far this year and 5.89% over the past 12 months.
iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist)
- 1D
- 0.10%
- 1M
- 0.10%
- 6M
- 1.46%
- YTD
- 1.69%
- 1Y
- 5.89%
- 3Y*
- 7.61%
- 5Y*
- 3.13%
- 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%
IHHG.L Monthly Returns History
Based on dividend-adjusted daily data since Mar 21, 2018, IHHG.L's average daily return is +0.02%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.
Historically, 64% of months were positive and 36% were negative. The best month was Jul 2022 with a return of +6.3%, while the worst month was Mar 2020 at -10.4%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, IHHG.L closed higher 37% of trading days. The best single day was Apr 9, 2020 with a return of +7.4%, while the worst single day was Mar 12, 2020 at -5.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.23% | 0.48% | -1.85% | 2.12% | 0.17% | 0.47% | 0.10% | 1.69% | |||||
| 2025 | 1.42% | 0.93% | -0.69% | 0.46% | 0.87% | 1.89% | 0.46% | 0.92% | 0.91% | -0.00% | 0.83% | 0.69% | 9.03% |
| 2024 | -0.24% | -0.24% | 1.42% | -1.17% | 0.99% | 0.72% | 1.68% | 1.65% | 1.86% | -0.91% | 1.44% | -0.93% | 6.38% |
| 2023 | 2.93% | -1.43% | 1.45% | 0.24% | -1.47% | 1.23% | 1.46% | -0.00% | -1.20% | -0.97% | 4.15% | 3.16% | 9.77% |
| 2022 | -2.92% | 0.00% | -1.07% | -3.90% | 1.75% | -6.82% | 6.34% | -3.67% | -3.10% | 2.70% | 0.92% | -0.49% | -10.41% |
| 2021 | 0.00% | -0.21% | 0.83% | 0.62% | 0.36% | 1.25% | 0.21% | 0.61% | -0.41% | -0.00% | -1.53% | 1.69% | 3.44% |
Benchmark Metrics
iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) has an annualized alpha of 1.45%, beta of 0.17, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since March 21, 2018.
- This ETF participated in 33.93% of S&P 500 Index downside but only 25.15% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.17 may look defensive, but with R2 of 0.15 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 0.15 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
- 1.45%
- Beta
- 0.17
- R²
- 0.15
- Upside Capture
- 25.15%
- Downside Capture
- 33.93%
Expense Ratio
IHHG.L has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IHHG.L ranks 68 for risk / return — better than 68% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (IHHG.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.
| IHHG.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 2.50 | -0.10 |
| Martin ratioReturn relative to average drawdown | 10.74 | 9.11 | +1.63 |
Dividends
Dividend History
iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) provided a 6.15% dividend yield over the last twelve months, with an annual payout of £0.26 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | £0.26 | £0.26 | £0.26 | £0.24 | £0.21 | £0.20 | £0.24 | £0.27 | £0.17 |
Dividend yield | 6.15% | 6.06% | 6.23% | 5.55% | 5.21% | 4.25% | 4.89% | 5.47% | 3.58% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares $ High Yield Corp Bond 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 | £0.06 | £0.00 | £0.00 | £0.07 | £0.00 | £0.00 | £0.13 | |||||
| 2025 | £0.00 | £0.00 | £0.00 | £0.00 | £0.13 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.14 | £0.00 | £0.26 |
| 2024 | £0.00 | £0.00 | £0.00 | £0.00 | £0.13 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.13 | £0.00 | £0.26 |
| 2023 | £0.00 | £0.00 | £0.00 | £0.00 | £0.11 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.13 | £0.00 | £0.24 |
| 2022 | £0.00 | £0.00 | £0.00 | £0.00 | £0.10 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.11 | £0.00 | £0.21 |
| 2021 | £0.00 | £0.00 | £0.00 | £0.00 | £0.11 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.10 | £0.00 | £0.20 |
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 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 UCITS ETF GBP Hedged (Dist) was 23.51%, occurring on Mar 23, 2020. Recovery took 174 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-23.51%Mar 2020 | 1mo 4d | 8mo 9d | 9mo 13dFeb 2020 - Nov 2020 | COVID crash2020 |
-14.78%Sep 2022 | 1y 3d | 1y 9mo | 2y 9moSep 2021 - Jul 2024 | Bear market2022 |
-5.78%Dec 2018 | 2mo 21d | 1mo 13d | 4mo 4dOct 2018 - Feb 2019 | Rate-hike selloffLate 2018 |
-4.38%Apr 2025 | 1mo 7d | 1mo 3d | 2mo 10dMar 2025 - May 2025 | 2025 selloff2025 |
-2.54%Mar 2026 | 28d | 2mo 1d | 2mo 29dFeb 2026 - May 2026 | — |
Drawdown Indicators
| IHHG.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.51% | -37.07% | +13.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -8.03% | +5.49% |
Max Drawdown (3Y)Largest decline over 3 years | -4.38% | -22.15% | +17.77% |
Max Drawdown (5Y)Largest decline over 5 years | -14.78% | -22.15% | +7.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.42% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -5.29% | +2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.20% | -1.63% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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