CESG.L vs. TAHY.L
CESG.L (First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc) and TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc)) are both exchange-traded funds - CESG.L is a ESG fund actively managed by First Trust, while TAHY.L is a High Yield Bonds fund tracking the iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. CESG.L is actively managed, while TAHY.L is passively managed. Over the past 3 years, CESG.L returned 9.84%/yr vs 8.17%/yr for TAHY.L. At a 0.15 correlation, their price movements are largely independent. CESG.L charges 0.75%/yr vs 0.60%/yr for TAHY.L.
Performance
CESG.L vs. TAHY.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CESG.L having a 3.98% return and TAHY.L slightly lower at 3.88%.
CESG.L
- 1D
- 0.93%
- 1M
- 3.53%
- 6M
- 4.17%
- YTD
- 3.98%
- 1Y
- 6.69%
- 3Y*
- 9.84%
- 5Y*
- 5.53%
- 10Y*
- —
TAHY.L
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 2.85%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
CESG.L vs. TAHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CESG.L First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc | 3.98% | 11.47% | 9.71% | 12.32% | -13.97% | 2.81% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 3.88% | 7.26% | 17.54% | -10.74% | -18.39% | -13.10% |
Correlation
The correlation between CESG.L and TAHY.L is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.15 |
The correlation between CESG.L and TAHY.L shifts across timeframes, from -0.01 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CESG.L vs. TAHY.L — Risk / Return Rank
CESG.L
TAHY.L
CESG.L vs. TAHY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) and Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.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.
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.
| CESG.L | TAHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.38 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 2.59 | -1.83 |
| Martin ratioReturn relative to average drawdown | 1.95 | 7.38 | -5.42 |
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Drawdowns
CESG.L vs. TAHY.L - Drawdown Comparison
The maximum CESG.L drawdown since its inception was -22.69%, smaller than the maximum TAHY.L drawdown of -51.61%. Use the drawdown chart below to compare losses from any high point for CESG.L and TAHY.L.
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Drawdown Indicators
| CESG.L | TAHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -51.61% | +28.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -2.57% | -6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -10.31% | -9.81% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -22.69% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -17.10% | +16.79% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -26.81% | +21.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 0.91% | +2.51% |
Volatility
CESG.L vs. TAHY.L - Volatility Comparison
First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) has a higher volatility of 3.47% compared to Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) at 1.07%. This indicates that CESG.L's price experiences larger fluctuations and is considered to be riskier than TAHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CESG.L | TAHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 1.07% | +2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 2.83% | +5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 3.64% | +6.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.63% | 13.09% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.53% | 13.09% | -0.56% |
CESG.L vs. TAHY.L - Expense Ratio Comparison
CESG.L has a 0.75% expense ratio, which is higher than TAHY.L's 0.60% expense ratio.
Dividends
CESG.L vs. TAHY.L - Dividend Comparison
Neither CESG.L nor TAHY.L has paid dividends to shareholders.
Frequently Asked Questions
CESG.L and TAHY.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TAHY.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TAHY.L is cheaper with a 0.60% expense ratio, compared with 0.75% for CESG.L.
CESG.L is categorized as ESG, while TAHY.L is High Yield Bonds. They also come from different issuers: First Trust and Janus Henderson. Their fees differ too: 0.75% for CESG.L and 0.60% for TAHY.L.
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