DHYA.L vs. GHYU.L
DHYA.L (iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)) and GHYU.L (Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc) are both High Yield Bonds funds - DHYA.L tracks the Bloomberg US Corporate High Yield TR USD while GHYU.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, DHYA.L returned 3.78%/yr vs 2.66%/yr for GHYU.L. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
DHYA.L vs. GHYU.L - Performance Comparison
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Returns By Period
In the year-to-date period, DHYA.L achieves a 1.20% return, which is significantly higher than GHYU.L's 0.65% return.
DHYA.L
- 1D
- -0.09%
- 1M
- 0.09%
- YTD
- 1.20%
- 6M
- 1.69%
- 1Y
- 6.66%
- 3Y*
- 8.68%
- 5Y*
- 3.78%
- 10Y*
- —
GHYU.L
- 1D
- 0.12%
- 1M
- 0.39%
- YTD
- 0.65%
- 6M
- 1.45%
- 1Y
- 6.23%
- 3Y*
- 8.58%
- 5Y*
- 2.66%
- 10Y*
- —
DHYA.L vs. GHYU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) | 1.20% | 8.50% | 8.26% | 12.25% | -12.01% | 3.82% | 6.95% |
GHYU.L Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc | 0.65% | 11.40% | 5.06% | 12.36% | -13.13% | 0.31% | 8.39% |
Correlation
The correlation between DHYA.L and GHYU.L is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2020 | 0.65 |
The correlation between DHYA.L and GHYU.L shifts across timeframes, from 0.56 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DHYA.L vs. GHYU.L — Risk / Return Rank
DHYA.L
GHYU.L
DHYA.L vs. GHYU.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 Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc (GHYU.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 | GHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.23 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 1.58 | +1.00 |
| Martin ratioReturn relative to average drawdown | 11.33 | 6.21 | +5.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DHYA.L | GHYU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.29 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.36 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.41 | +0.05 |
Drawdowns
DHYA.L vs. GHYU.L - Drawdown Comparison
The maximum DHYA.L drawdown since its inception was -16.70%, smaller than the maximum GHYU.L drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for DHYA.L and GHYU.L.
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Drawdown Indicators
| DHYA.L | GHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.70% | -22.36% | +5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -3.92% | +1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -5.13% | -4.67% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -22.36% | +6.07% |
Current DrawdownCurrent decline from peak | -0.29% | -0.49% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -5.60% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 1.00% | -0.41% |
Volatility
DHYA.L vs. GHYU.L - Volatility Comparison
The current volatility for iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L) is 1.53%, while Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc (GHYU.L) has a volatility of 1.69%. This indicates that DHYA.L experiences smaller price fluctuations and is considered to be less risky than GHYU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHYA.L | GHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.69% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 3.74% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 4.83% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 7.34% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.19% | 8.94% | +1.25% |
DHYA.L vs. GHYU.L - Expense Ratio Comparison
Both DHYA.L and GHYU.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
DHYA.L vs. GHYU.L - Dividend Comparison
Neither DHYA.L nor GHYU.L has paid dividends to shareholders.
Frequently Asked Questions
DHYA.L and GHYU.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DHYA.L and GHYU.L have the same expense ratio: 0.25% per year.
DHYA.L tracks Bloomberg US Corporate High Yield TR USD, while GHYU.L tracks ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: iShares and Amundi.
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