DHYG.L vs. HYUS.L
DHYG.L (iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist)) and HYUS.L (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (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 HYUS.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 3 years, DHYG.L returned 7.84%/yr vs 7.19%/yr for HYUS.L. At a 0.21 correlation, their price movements are largely independent. DHYG.L charges 0.27%/yr vs 0.20%/yr for HYUS.L.
Performance
DHYG.L vs. HYUS.L - Performance Comparison
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Different Trading Currencies
DHYG.L is traded in GBP, while HYUS.L is traded in USD. To make them comparable, the HYUS.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 HYUS.L's 1.03% return.
DHYG.L
- 1D
- -0.25%
- 1M
- -0.01%
- 6M
- 1.11%
- YTD
- 1.34%
- 1Y
- 5.43%
- 3Y*
- 7.84%
- 5Y*
- —
- 10Y*
- —
HYUS.L
- 1D
- -1.04%
- 1M
- -0.88%
- 6M
- 0.82%
- YTD
- 1.03%
- 1Y
- 4.77%
- 3Y*
- 7.19%
- 5Y*
- —
- 10Y*
- —
DHYG.L vs. HYUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DHYG.L iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist) | 1.34% | 8.70% | 7.73% | 10.76% | -8.83% |
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 1.03% | 0.82% | 10.35% | 7.23% | 0.98% |
Correlation
The correlation between DHYG.L and HYUS.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.21 |
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Return for Risk
DHYG.L vs. HYUS.L — Risk / Return Rank
DHYG.L
HYUS.L
DHYG.L vs. HYUS.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 USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.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 | HYUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.12 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.22 | +0.90 |
| Martin ratioReturn relative to average drawdown | 8.99 | 3.64 | +5.35 |
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Drawdowns
DHYG.L vs. HYUS.L - Drawdown Comparison
The maximum DHYG.L drawdown since its inception was -17.27%, which is greater than HYUS.L's maximum drawdown of -11.12%. Use the drawdown chart below to compare losses from any high point for DHYG.L and HYUS.L.
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Drawdown Indicators
| DHYG.L | HYUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.27% | -11.12% | -6.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -3.91% | +1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -4.39% | -10.52% | +6.13% |
Current DrawdownCurrent decline from peak | -0.48% | -2.66% | +2.18% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -4.05% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 1.31% | -0.68% |
Volatility
DHYG.L vs. HYUS.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 Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) has a volatility of 2.62%. This indicates that DHYG.L experiences smaller price fluctuations and is considered to be less risky than HYUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHYG.L | HYUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 2.62% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 5.48% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 6.91% | -2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.88% | 9.22% | -2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.88% | 9.22% | -2.34% |
DHYG.L vs. HYUS.L - Expense Ratio Comparison
DHYG.L has a 0.27% expense ratio, which is higher than HYUS.L's 0.20% 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. HYUS.L - Dividend Comparison
DHYG.L's dividend yield for the trailing twelve months is around 6.81%, less than HYUS.L's 9.19% 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% |
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 9.19% | 7.38% | 7.53% | 6.31% | 1.53% |
Frequently Asked Questions
DHYG.L and HYUS.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYUS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYUS.L is cheaper with a 0.20% expense ratio, compared with 0.27% for DHYG.L.
DHYG.L tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (USD), while HYUS.L tracks Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.27% for DHYG.L and 0.20% for HYUS.L.
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