DHYG.L vs. HYSD.L
DHYG.L (iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist)) and HYSD.L (iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist)) are both High Yield Bonds funds from iShares - DHYG.L tracks the Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (USD) while HYSD.L tracks the ICE BofA US High Yield Constrained Index. Both are passively managed. Over the past 3 years, DHYG.L returned 7.76%/yr vs 7.99%/yr for HYSD.L. A 0.78 correlation means they provide meaningful diversification when combined. DHYG.L charges 0.27%/yr vs 0.22%/yr for HYSD.L.
Performance
DHYG.L vs. HYSD.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DHYG.L achieves a 1.35% return, which is significantly lower than HYSD.L's 1.97% return.
DHYG.L
- 1D
- -0.24%
- 1M
- 0.00%
- 6M
- 1.12%
- YTD
- 1.35%
- 1Y
- 5.44%
- 3Y*
- 7.76%
- 5Y*
- —
- 10Y*
- —
HYSD.L
- 1D
- 0.00%
- 1M
- 0.31%
- 6M
- 1.29%
- YTD
- 1.97%
- 1Y
- 5.49%
- 3Y*
- 7.99%
- 5Y*
- —
- 10Y*
- —
DHYG.L vs. HYSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DHYG.L iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist) | 1.35% | 8.70% | 7.73% | 10.76% | -4.08% |
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 1.97% | 8.24% | 7.60% | 11.75% | -3.60% |
Correlation
The correlation between DHYG.L and HYSD.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022 | 0.78 |
The correlation between DHYG.L and HYSD.L shifts across timeframes, from 0.67 (1 year) to 0.78 (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. HYSD.L — Risk / Return Rank
DHYG.L
HYSD.L
DHYG.L vs. HYSD.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 Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (HYSD.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 | HYSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 2.26 | -0.23 |
| Martin ratioReturn relative to average drawdown | 8.62 | 9.94 | -1.32 |
Loading charts...
Drawdowns
DHYG.L vs. HYSD.L - Drawdown Comparison
The maximum DHYG.L drawdown since its inception was -17.27%, which is greater than HYSD.L's maximum drawdown of -9.53%. Use the drawdown chart below to compare losses from any high point for DHYG.L and HYSD.L.
Loading charts...
Drawdown Indicators
| DHYG.L | HYSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.27% | -9.53% | -7.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -2.42% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -4.39% | -5.02% | +0.63% |
Current DrawdownCurrent decline from peak | -0.47% | -0.10% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -1.50% | -3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.55% | +0.08% |
Volatility
DHYG.L vs. HYSD.L - Volatility Comparison
The current volatility for iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist) (DHYG.L) is 0.80%, while iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (HYSD.L) has a volatility of 0.91%. This indicates that DHYG.L experiences smaller price fluctuations and is considered to be less risky than HYSD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DHYG.L | HYSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 0.91% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 3.13% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 3.88% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.88% | 6.08% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.88% | 6.08% | +0.80% |
DHYG.L vs. HYSD.L - Expense Ratio Comparison
DHYG.L has a 0.27% expense ratio, which is higher than HYSD.L's 0.22% 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
DHYG.L vs. HYSD.L - Dividend Comparison
DHYG.L's dividend yield for the trailing twelve months is around 6.81%, less than HYSD.L's 7.39% yield.
| 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% |
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 7.39% | 7.39% | 7.39% | 5.61% | 0.00% |
Frequently Asked Questions
DHYG.L and HYSD.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYSD.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYSD.L is cheaper with a 0.22% expense ratio, compared with 0.27% for DHYG.L.
DHYG.L tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (USD), while HYSD.L tracks ICE BofA US High Yield Constrained Index. Their fees differ too: 0.27% for DHYG.L and 0.22% for HYSD.L.
Find the right allocation for DHYG.L and HYSD.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