CTY.L vs. DHYA.L

Last updated Apr 2, 2026

Compare and contrast key facts about The City of London Investment Trust plc (CTY.L) and iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L).

DHYA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corporate High Yield TR USD. It was launched on Nov 12, 2019.

Performance

CTY.L vs. DHYA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in The City of London Investment Trust plc (CTY.L) and iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L). The values are adjusted to include any dividend payments, if applicable.

CTY.L vs. DHYA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CTY.L The City of London Investment Trust plc	5.59%	28.16%	10.63%	4.83%	-101.25%	11.77%	-11.79%	6.48%
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)	0.91%	0.77%	10.16%	6.64%	-1.55%	4.81%	3.58%	-1.55%

Different Trading Currencies

CTY.L is traded in GBp, while DHYA.L is traded in USD. To make them comparable, the DHYA.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CTY.L achieves a 5.59% return, which is significantly higher than DHYA.L's 0.91% return.

CTY.L

• 1D: 2.60%
• 1M: -4.33%
• YTD: 5.59%
• 6M: 10.47%
• 1Y: 26.93%
• 3Y*: 15.42%
• 5Y*: —
• 10Y*: —

DHYA.L

• 1D: 0.36%
• 1M: 0.48%
• YTD: 0.91%
• 6M: 2.41%
• 1Y: 3.98%
• 3Y*: 5.58%
• 5Y*: 4.45%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CTY.L vs. DHYA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CTY.L

CTY.L Risk / Return Rank: 87
CTY.L Sharpe Ratio Rank: 88
CTY.L Sortino Ratio Rank: 85
CTY.L Omega Ratio Rank: 89
CTY.L Calmar Ratio Rank: 83
CTY.L Martin Ratio Rank: 90

DHYA.L

DHYA.L Risk / Return Rank: 72
DHYA.L Sharpe Ratio Rank: 67
DHYA.L Sortino Ratio Rank: 67
DHYA.L Omega Ratio Rank: 70
DHYA.L Calmar Ratio Rank: 73
DHYA.L Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CTY.L vs. DHYA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The City of London Investment Trust plc (CTY.L) and iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.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.

	CTY.L	DHYA.L	Difference
Sharpe ratio Return per unit of total volatility	1.85	0.54	+1.31
Sortino ratio Return per unit of downside risk	2.48	0.78	+1.70
Omega ratio Gain probability vs. loss probability	1.38	1.10	+0.28
Calmar ratio Return relative to maximum drawdown	2.76	1.13	+1.63
Martin ratio Return relative to average drawdown	10.68	2.95	+7.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CTY.L vs. DHYA.L - Sharpe Ratio Comparison

The current CTY.L Sharpe Ratio is 1.85, which is higher than the DHYA.L Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of CTY.L and DHYA.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CTY.L	DHYA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	0.54	+1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.35	—

Correlation

The correlation between CTY.L and DHYA.L is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CTY.L vs. DHYA.L - Dividend Comparison

CTY.L's dividend yield for the trailing twelve months is around 3.91%, while DHYA.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CTY.L The City of London Investment Trust plc	3.91%	4.06%	4.83%	4.92%	8,878.51%	4.86%	5.13%	4.24%	4.66%	3.86%	3.95%	3.99%
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

CTY.L vs. DHYA.L - Drawdown Comparison

The maximum CTY.L drawdown since its inception was -101.88%, which is greater than DHYA.L's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for CTY.L and DHYA.L.

Drawdown Indicators

	CTY.L	DHYA.L	Difference
Max Drawdown Largest peak-to-trough decline	-101.88%	-16.70%	-85.18%
Max Drawdown (1Y) Largest decline over 1 year	-9.76%	-4.33%	-5.43%
Max Drawdown (5Y) Largest decline over 5 years	-101.88%	-16.29%	-85.59%
Max Drawdown (10Y) Largest decline over 10 years	-101.88%	—	—
Current Drawdown Current decline from peak	-101.78%	-1.52%	-100.26%
Average Drawdown Average peak-to-trough decline	-15.72%	-3.79%	-11.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	0.65%	+1.87%

Volatility

CTY.L vs. DHYA.L - Volatility Comparison

The City of London Investment Trust plc (CTY.L) has a higher volatility of 6.81% compared to iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L) at 2.36%. This indicates that CTY.L's price experiences larger fluctuations and is considered to be riskier than DHYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTY.L	DHYA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.81%	2.36%	+4.45%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	4.76%	+5.48%
Volatility (1Y) Calculated over the trailing 1-year period	14.47%	7.36%	+7.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.22%	9.05%	+38.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.59%	11.16%	+24.43%