DHYA.L vs. IHYU.L
DHYA.L (iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)) and IHYU.L (iShares USD High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds from iShares - DHYA.L tracks the Bloomberg US Corporate High Yield TR USD while IHYU.L tracks the Markit iBoxx USD Liquid High Yield Capped Index. Both are passively managed. Over the past 5 years, DHYA.L returned 3.78%/yr vs 3.96%/yr for IHYU.L. A 0.74 correlation means they provide meaningful diversification when combined. DHYA.L charges 0.25%/yr vs 0.50%/yr for IHYU.L.
Performance
DHYA.L vs. IHYU.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 IHYU.L's 0.95% 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*
- —
IHYU.L
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 0.95%
- 6M
- 1.81%
- 1Y
- 7.04%
- 3Y*
- 8.28%
- 5Y*
- 3.96%
- 10Y*
- 5.03%
DHYA.L vs. IHYU.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) | 1.20% | 8.50% | 8.26% | 12.25% | -12.01% | 3.82% | 7.49% | 0.45% |
IHYU.L iShares USD High Yield Corporate Bond UCITS ETF | 0.95% | 9.51% | 6.92% | 10.99% | -9.03% | 3.92% | 4.74% | 1.69% |
Correlation
The correlation between DHYA.L and IHYU.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2019 | 0.74 |
The correlation between DHYA.L and IHYU.L shifts across timeframes, from 0.70 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DHYA.L vs. IHYU.L — Risk / Return Rank
DHYA.L
IHYU.L
DHYA.L vs. IHYU.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 USD High Yield Corporate Bond UCITS ETF (IHYU.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 | IHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.49 | +0.10 |
| Martin ratioReturn relative to average drawdown | 11.33 | 12.01 | -0.67 |
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 | IHYU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.91 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.60 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.71 | -0.26 |
Drawdowns
DHYA.L vs. IHYU.L - Drawdown Comparison
The maximum DHYA.L drawdown since its inception was -16.70%, smaller than the maximum IHYU.L drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for DHYA.L and IHYU.L.
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Drawdown Indicators
| DHYA.L | IHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.70% | -21.83% | +5.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -2.81% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -5.13% | -4.02% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -13.74% | -2.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.83% | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.25% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -2.13% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.58% | +0.01% |
Volatility
DHYA.L vs. IHYU.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 USD High Yield Corporate Bond UCITS ETF (IHYU.L) at 1.26%. This indicates that DHYA.L's price experiences larger fluctuations and is considered to be riskier than IHYU.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 | IHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.26% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 2.89% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 3.66% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 6.65% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.19% | 7.77% | +2.42% |
DHYA.L vs. IHYU.L - Expense Ratio Comparison
DHYA.L has a 0.25% expense ratio, which is lower than IHYU.L's 0.50% expense ratio.
Dividends
DHYA.L vs. IHYU.L - Dividend Comparison
DHYA.L has not paid dividends to shareholders, while IHYU.L's dividend yield for the trailing twelve months is around 6.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IHYU.L iShares USD High Yield Corporate Bond UCITS ETF | 6.24% | 6.14% | 6.39% | 5.62% | 4.81% | 4.35% | 4.79% | 5.42% | 5.68% | 5.54% | 5.61% | 6.06% |
Frequently Asked Questions
DHYA.L and IHYU.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DHYA.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DHYA.L is cheaper with a 0.25% expense ratio, compared with 0.50% for IHYU.L.
DHYA.L tracks Bloomberg US Corporate High Yield TR USD, while IHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index. Their fees differ too: 0.25% for DHYA.L and 0.50% for IHYU.L.
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