DHYA.L vs. AGBP.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L) and iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.L).

DHYA.L and AGBP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. AGBP.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate TR Hdg GBP. It was launched on Nov 21, 2017. Both DHYA.L and AGBP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DHYA.L vs. AGBP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L) and iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)	-0.73%	8.50%	8.26%	12.25%	-12.01%	3.82%	7.49%	0.45%
AGBP.L iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist)	-0.91%	12.39%	1.43%	11.25%	-21.72%	-2.75%	7.34%	2.88%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, DHYA.L achieves a -0.73% return, which is significantly higher than AGBP.L's -0.91% return.

DHYA.L

• 1D: 0.59%
• 1M: -0.64%
• YTD: -0.73%
• 6M: 0.71%
• 1Y: 6.65%
• 3Y*: 8.15%
• 5Y*: 3.56%
• 10Y*: —

AGBP.L

• 1D: 1.12%
• 1M: -1.67%
• YTD: -0.91%
• 6M: -0.31%
• 1Y: 6.59%
• 3Y*: 6.43%
• 5Y*: -0.65%
• 10Y*: —

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

DHYA.L vs. AGBP.L - Expense Ratio Comparison

DHYA.L has a 0.25% expense ratio, which is higher than AGBP.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

DHYA.L

iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)

AGBP.L

iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist)

Return for Risk

DHYA.L vs. AGBP.L — Risk / Return Rank

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

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

AGBP.L

AGBP.L Risk / Return Rank: 49
AGBP.L Sharpe Ratio Rank: 51
AGBP.L Sortino Ratio Rank: 49
AGBP.L Omega Ratio Rank: 43
AGBP.L Calmar Ratio Rank: 54
AGBP.L Martin Ratio Rank: 48

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L) and iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.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.

	DHYA.L	AGBP.L	Difference
Sharpe ratio Return per unit of total volatility	1.23	0.76	+0.48
Sortino ratio Return per unit of downside risk	1.76	1.14	+0.62
Omega ratio Gain probability vs. loss probability	1.27	1.13	+0.14
Calmar ratio Return relative to maximum drawdown	2.06	1.14	+0.92
Martin ratio Return relative to average drawdown	9.98	2.86	+7.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current DHYA.L Sharpe Ratio is 1.23, which is higher than the AGBP.L Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of DHYA.L and AGBP.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

	DHYA.L	AGBP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	0.76	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	-0.06	+0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.09	+0.34

Correlation

The correlation between DHYA.L and AGBP.L is 0.33, 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

DHYA.L vs. AGBP.L - Dividend Comparison

DHYA.L has not paid dividends to shareholders, while AGBP.L's dividend yield for the trailing twelve months is around 3.13%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
AGBP.L iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist)	3.13%	3.00%	2.59%	1.97%	1.56%	1.27%	1.53%	1.65%	0.98%

Drawdowns

DHYA.L vs. AGBP.L - Drawdown Comparison

The maximum DHYA.L drawdown since its inception was -16.70%, smaller than the maximum AGBP.L drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for DHYA.L and AGBP.L.

Drawdown Indicators

	DHYA.L	AGBP.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.70%	-16.42%	-0.28%
Max Drawdown (1Y) Largest decline over 1 year	-4.33%	-2.44%	-1.89%
Max Drawdown (5Y) Largest decline over 5 years	-16.29%	-15.91%	-0.38%
Current Drawdown Current decline from peak	-1.52%	-2.04%	+0.52%
Average Drawdown Average peak-to-trough decline	-3.79%	-4.89%	+1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	0.72%	-0.07%

Volatility

DHYA.L vs. AGBP.L - Volatility Comparison

The current volatility for iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L) is 2.00%, while iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.L) has a volatility of 3.27%. This indicates that DHYA.L experiences smaller price fluctuations and is considered to be less risky than AGBP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DHYA.L	AGBP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.00%	3.27%	-1.27%
Volatility (6M) Calculated over the trailing 6-month period	2.92%	5.55%	-2.63%
Volatility (1Y) Calculated over the trailing 1-year period	5.38%	8.70%	-3.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.24%	10.64%	-3.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.30%	10.33%	-0.03%