DHYA.L vs. HYUS.L
DHYA.L (iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)) and HYUS.L (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) are both High Yield Bonds funds from iShares tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 3 years, DHYA.L returned 8.68%/yr vs 8.87%/yr for HYUS.L. A 0.78 correlation means they provide meaningful diversification when combined. DHYA.L charges 0.25%/yr vs 0.20%/yr for HYUS.L.
Performance
DHYA.L vs. HYUS.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DHYA.L having a 1.20% return and HYUS.L slightly higher at 1.22%.
DHYA.L
- 1D
- -0.09%
- 1M
- 0.09%
- YTD
- 1.20%
- 6M
- 1.69%
- 1Y
- 6.66%
- 3Y*
- 8.68%
- 5Y*
- 3.78%
- 10Y*
- —
HYUS.L
- 1D
- -0.00%
- 1M
- 0.51%
- YTD
- 1.22%
- 6M
- 2.18%
- 1Y
- 6.91%
- 3Y*
- 8.87%
- 5Y*
- —
- 10Y*
- —
DHYA.L vs. HYUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) | 1.20% | 8.50% | 8.26% | 12.25% | -6.03% |
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 1.22% | 8.62% | 8.28% | 12.85% | -5.88% |
Correlation
The correlation between DHYA.L and HYUS.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022 | 0.78 |
The correlation between DHYA.L and HYUS.L shifts across timeframes, from 0.65 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DHYA.L vs. HYUS.L — Risk / Return Rank
DHYA.L
HYUS.L
DHYA.L vs. HYUS.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 Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.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 | HYUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.35 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 3.01 | -0.42 |
| Martin ratioReturn relative to average drawdown | 11.33 | 12.39 | -1.05 |
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 | HYUS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.84 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.87 | -0.42 |
Drawdowns
DHYA.L vs. HYUS.L - Drawdown Comparison
The maximum DHYA.L drawdown since its inception was -16.70%, which is greater than HYUS.L's maximum drawdown of -10.49%. Use the drawdown chart below to compare losses from any high point for DHYA.L and HYUS.L.
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Drawdown Indicators
| DHYA.L | HYUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.70% | -10.49% | -6.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -2.29% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -5.13% | -5.06% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | — | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.13% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -1.67% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.56% | +0.03% |
Volatility
DHYA.L vs. HYUS.L - Volatility Comparison
iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L) has a higher volatility of 1.53% compared to iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) at 1.39%. This indicates that DHYA.L's price experiences larger fluctuations and is considered to be riskier than HYUS.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 | HYUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.39% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 2.95% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 3.75% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 6.69% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.19% | 6.69% | +3.50% |
DHYA.L vs. HYUS.L - Expense Ratio Comparison
DHYA.L has a 0.25% expense ratio, which is higher than HYUS.L's 0.20% 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%.
Dividends
DHYA.L vs. HYUS.L - Dividend Comparison
DHYA.L has not paid dividends to shareholders, while HYUS.L's dividend yield for the trailing twelve months is around 9.21%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 9.21% | 7.38% | 7.54% | 6.30% | 1.52% |
Frequently Asked Questions
DHYA.L and HYUS.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYUS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYUS.L is cheaper with a 0.20% expense ratio, compared with 0.25% for DHYA.L.
Both ETFs track Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.25% for DHYA.L and 0.20% for HYUS.L.
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