DHYG.L vs. HYEA.L
DHYG.L (iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist)) and HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds from iShares - DHYG.L tracks the Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (USD) while HYEA.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 3 years, DHYG.L returned 7.84%/yr vs 6.78%/yr for HYEA.L. At a 0.35 correlation, their price movements are largely independent. DHYG.L charges 0.27%/yr vs 0.50%/yr for HYEA.L.
Performance
DHYG.L vs. HYEA.L - Performance Comparison
Loading charts...
Different Trading Currencies
DHYG.L is traded in GBP, while HYEA.L is traded in EUR. To make them comparable, the HYEA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, DHYG.L achieves a 1.34% return, which is significantly higher than HYEA.L's 0.84% return.
DHYG.L
- 1D
- -0.25%
- 1M
- -0.01%
- 6M
- 1.11%
- YTD
- 1.34%
- 1Y
- 5.43%
- 3Y*
- 7.84%
- 5Y*
- —
- 10Y*
- —
HYEA.L
- 1D
- 0.00%
- 1M
- -0.40%
- 6M
- 0.84%
- YTD
- 0.84%
- 1Y
- 4.07%
- 3Y*
- 6.78%
- 5Y*
- 3.65%
- 10Y*
- —
DHYG.L vs. HYEA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DHYG.L iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist) | 1.34% | 8.70% | 7.73% | 10.76% | -13.39% | -0.20% |
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 0.84% | 6.97% | 4.26% | 7.03% | -1.62% | 0.69% |
Correlation
The correlation between DHYG.L and HYEA.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2021 | 0.35 |
The correlation between DHYG.L and HYEA.L shifts across timeframes, from 0.20 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DHYG.L vs. HYEA.L — Risk / Return Rank
DHYG.L
HYEA.L
DHYG.L vs. HYEA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist) (DHYG.L) and iShares Global High Yield Corporate Bond UCITS ETF (HYEA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DHYG.L | HYEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.16 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.79 | +0.32 |
| Martin ratioReturn relative to average drawdown | 8.99 | 4.71 | +4.28 |
Loading charts...
Drawdowns
DHYG.L vs. HYEA.L - Drawdown Comparison
The maximum DHYG.L drawdown since its inception was -17.27%, smaller than the maximum HYEA.L drawdown of -21.65%. Use the drawdown chart below to compare losses from any high point for DHYG.L and HYEA.L.
Loading charts...
Drawdown Indicators
| DHYG.L | HYEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.27% | -21.65% | +4.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -2.28% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -4.39% | -4.27% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.31% | — |
Current DrawdownCurrent decline from peak | -0.48% | -1.55% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -6.89% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.87% | -0.24% |
Volatility
DHYG.L vs. HYEA.L - Volatility Comparison
The current volatility for iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist) (DHYG.L) is 0.84%, while iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) has a volatility of 1.57%. This indicates that DHYG.L experiences smaller price fluctuations and is considered to be less risky than HYEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DHYG.L | HYEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.57% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 3.35% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 4.50% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.88% | 6.47% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.88% | 9.38% | -2.50% |
DHYG.L vs. HYEA.L - Expense Ratio Comparison
DHYG.L has a 0.27% expense ratio, which is lower than HYEA.L's 0.50% expense ratio.
Dividends
DHYG.L vs. HYEA.L - Dividend Comparison
DHYG.L's dividend yield for the trailing twelve months is around 6.81%, while HYEA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DHYG.L iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist) | 6.81% | 6.70% | 7.02% | 6.41% | 6.51% |
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DHYG.L and HYEA.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DHYG.L is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DHYG.L is cheaper with a 0.27% expense ratio, compared with 0.50% for HYEA.L.
DHYG.L tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (USD), while HYEA.L tracks ICE BofA Gbl HY Constnd TR USD. Their fees differ too: 0.27% for DHYG.L and 0.50% for HYEA.L.
Find the right allocation for DHYG.L and HYEA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer