DHYA.L vs. UHYG.L
DHYA.L (iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)) and UHYG.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Dist) 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 5 years, DHYA.L returned 3.78%/yr vs 2.44%/yr for UHYG.L. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
DHYA.L vs. UHYG.L - Performance Comparison
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Different Trading Currencies
DHYA.L is traded in USD, while UHYG.L is traded in GBP. To make them comparable, the UHYG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with DHYA.L at 1.20% and UHYG.L at 1.20%.
DHYA.L
- 1D
- -0.09%
- 1M
- -0.06%
- YTD
- 1.20%
- 6M
- 1.77%
- 1Y
- 6.45%
- 3Y*
- 8.68%
- 5Y*
- 3.78%
- 10Y*
- —
UHYG.L
- 1D
- 0.19%
- 1M
- 0.54%
- YTD
- 1.20%
- 6M
- -3.78%
- 1Y
- 0.76%
- 3Y*
- 6.45%
- 5Y*
- 2.44%
- 10Y*
- —
DHYA.L vs. UHYG.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% |
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist | 1.20% | 2.94% | 7.91% | 11.21% | -12.19% | 3.55% | 5.28% | 2.54% |
Correlation
The correlation between DHYA.L and UHYG.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2019 | 0.55 |
The correlation between DHYA.L and UHYG.L shifts across timeframes, from 0.47 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DHYA.L vs. UHYG.L — Risk / Return Rank
DHYA.L
UHYG.L
DHYA.L vs. UHYG.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 - Dist (UHYG.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 | UHYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.03 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 0.10 | +2.48 |
| Martin ratioReturn relative to average drawdown | 11.33 | 0.21 | +11.12 |
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 | UHYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 0.10 | +1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.29 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.44 | +0.01 |
Drawdowns
DHYA.L vs. UHYG.L - Drawdown Comparison
The maximum DHYA.L drawdown since its inception was -16.70%, smaller than the maximum UHYG.L drawdown of -22.38%. Use the drawdown chart below to compare losses from any high point for DHYA.L and UHYG.L.
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Drawdown Indicators
| DHYA.L | UHYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.70% | -22.38% | +5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -7.34% | +4.78% |
Max Drawdown (3Y)Largest decline over 3 years | -5.13% | -7.34% | +2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -17.09% | +0.80% |
Current DrawdownCurrent decline from peak | -0.29% | -4.23% | +3.94% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -3.29% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 3.57% | -2.98% |
Volatility
DHYA.L vs. UHYG.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 - Dist (UHYG.L) at 1.40%. This indicates that DHYA.L's price experiences larger fluctuations and is considered to be riskier than UHYG.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 | UHYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.40% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 7.05% | -3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 7.61% | -3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 8.30% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.19% | 8.67% | +1.52% |
DHYA.L vs. UHYG.L - Expense Ratio Comparison
Both DHYA.L and UHYG.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. UHYG.L - Dividend Comparison
Neither DHYA.L nor UHYG.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist | 0.00% | 0.00% | 3.44% | 6.00% | 5.93% | 6.98% | 6.98% | 6.59% | 5.42% | 4.11% |
Frequently Asked Questions
DHYA.L and UHYG.L have a correlation of 0.47, 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 UHYG.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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