DHYG.L vs. TAHY.L
DHYG.L (iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist)) and TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc) are both High Yield Bonds funds - DHYG.L tracks the Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (USD) while TAHY.L tracks the Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc. Both are passively managed. Over the past 3 years, DHYG.L returned 7.84%/yr vs 6.99%/yr for TAHY.L. At a correlation of -0.06, they often move in opposite directions.
Performance
DHYG.L vs. TAHY.L - Performance Comparison
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Different Trading Currencies
DHYG.L is traded in GBP, while TAHY.L is traded in USD. To make them comparable, the TAHY.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 lower than TAHY.L's 3.46% return.
DHYG.L
- 1D
- -0.25%
- 1M
- -0.01%
- 6M
- 1.11%
- YTD
- 1.34%
- 1Y
- 5.43%
- 3Y*
- 7.84%
- 5Y*
- —
- 10Y*
- —
TAHY.L
- 1D
- -1.04%
- 1M
- -0.88%
- 6M
- 2.48%
- YTD
- 3.46%
- 1Y
- 5.56%
- 3Y*
- 6.99%
- 5Y*
- —
- 10Y*
- —
DHYG.L vs. TAHY.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% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc | 3.46% | -0.38% | 19.59% | -15.20% | -8.69% | -11.09% |
Correlation
The correlation between DHYG.L and TAHY.L is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2021 | -0.06 |
The correlation between DHYG.L and TAHY.L shifts across timeframes, from -0.17 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DHYG.L vs. TAHY.L — Risk / Return Rank
DHYG.L
TAHY.L
DHYG.L vs. TAHY.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 Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.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 | TAHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.13 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 0.93 | +1.19 |
| Martin ratioReturn relative to average drawdown | 8.99 | 2.28 | +6.71 |
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Drawdowns
DHYG.L vs. TAHY.L - Drawdown Comparison
The maximum DHYG.L drawdown since its inception was -17.27%, smaller than the maximum TAHY.L drawdown of -40.62%. Use the drawdown chart below to compare losses from any high point for DHYG.L and TAHY.L.
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Drawdown Indicators
| DHYG.L | TAHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.27% | -40.62% | +23.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -5.98% | +3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -4.39% | -7.70% | +3.31% |
Current DrawdownCurrent decline from peak | -0.48% | -15.27% | +14.79% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -21.35% | +16.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 2.43% | -1.80% |
Volatility
DHYG.L vs. TAHY.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 Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.L) has a volatility of 2.14%. This indicates that DHYG.L experiences smaller price fluctuations and is considered to be less risky than TAHY.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 | TAHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 2.14% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 5.88% | -2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 7.51% | -3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.88% | 14.73% | -7.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.88% | 14.73% | -7.85% |
Dividends
DHYG.L vs. TAHY.L - Dividend Comparison
DHYG.L's dividend yield for the trailing twelve months is around 6.81%, while TAHY.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% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DHYG.L and TAHY.L have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHYG.L tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (USD), while TAHY.L tracks Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc. They also come from different issuers: iShares and Janus Henderson.
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