DHYA.L vs. UHYC.L
DHYA.L (iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)) and UHYC.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Acc) are both High Yield Bonds funds tracking the Bloomberg US Corporate High Yield TR USD, from iShares and Amundi respectively. Both are passively managed. Over the past 3 years, DHYA.L returned 8.68%/yr vs 8.55%/yr for UHYC.L. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
DHYA.L vs. UHYC.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 UHYC.L's 1.10% 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*
- —
UHYC.L
- 1D
- -0.03%
- 1M
- 0.35%
- YTD
- 1.10%
- 6M
- 1.65%
- 1Y
- 6.71%
- 3Y*
- 8.55%
- 5Y*
- —
- 10Y*
- —
DHYA.L vs. UHYC.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% | 0.81% |
UHYC.L Lyxor ESG USD High Yield (DR) UCITS ETF - Acc | 1.10% | 8.84% | 7.95% | 12.03% | 0.80% |
Correlation
The correlation between DHYA.L and UHYC.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.80 |
The correlation between DHYA.L and UHYC.L has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
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Return for Risk
DHYA.L vs. UHYC.L — Risk / Return Rank
DHYA.L
UHYC.L
DHYA.L vs. UHYC.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 ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.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 | UHYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.43 | +0.15 |
| Martin ratioReturn relative to average drawdown | 11.33 | 10.62 | +0.72 |
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 | UHYC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.83 | -0.16 |
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 | 1.16 | -0.70 |
Drawdowns
DHYA.L vs. UHYC.L - Drawdown Comparison
The maximum DHYA.L drawdown since its inception was -16.70%, which is greater than UHYC.L's maximum drawdown of -9.25%. Use the drawdown chart below to compare losses from any high point for DHYA.L and UHYC.L.
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Drawdown Indicators
| DHYA.L | UHYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.70% | -9.25% | -7.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -2.75% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -5.13% | -4.88% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | — | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.12% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -1.20% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.63% | -0.04% |
Volatility
DHYA.L vs. UHYC.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 Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.L) at 1.34%. This indicates that DHYA.L's price experiences larger fluctuations and is considered to be riskier than UHYC.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 | UHYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.34% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 2.86% | +0.43% |
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% | 6.76% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.19% | 6.76% | +3.43% |
DHYA.L vs. UHYC.L - Expense Ratio Comparison
Both DHYA.L and UHYC.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. UHYC.L - Dividend Comparison
Neither DHYA.L nor UHYC.L has paid dividends to shareholders.
Frequently Asked Questions
DHYA.L and UHYC.L have a correlation of 0.71, 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 UHYC.L have the same expense ratio: 0.25% per year.
Both ETFs track Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and Amundi.
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