EHYG.L vs. IHYA.L

Last updated Jun 5, 2026

EHYG.L (iShares € High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Acc)) and IHYA.L (iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)) are both High Yield Bonds funds from iShares - EHYG.L tracks the Bloomberg MSCI Euro Corporate High Yield ESG SRI Bond Index (EUR) while IHYA.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 3 years, EHYG.L returned 8.61%/yr vs 5.57%/yr for IHYA.L. At a 0.22 correlation, their price movements are largely independent. EHYG.L charges 0.27%/yr vs 0.50%/yr for IHYA.L.

Performance

EHYG.L vs. IHYA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares € High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Acc) (EHYG.L) and iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EHYG.L is traded in GBP, while IHYA.L is traded in USD. To make them comparable, the IHYA.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with EHYG.L at 1.51% and IHYA.L at 1.51%.

EHYG.L

• 1D: 0.08%
• 1M: 1.15%
• YTD: 1.51%
• 6M: 2.00%
• 1Y: 5.85%
• 3Y*: 8.61%
• 5Y*: —
• 10Y*: —

IHYA.L

• 1D: 0.09%
• 1M: 1.11%
• YTD: 1.51%
• 6M: 1.04%
• 1Y: 7.97%
• 3Y*: 5.57%
• 5Y*: 5.11%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EHYG.L vs. IHYA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EHYG.L iShares € High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Acc)	1.51%	7.84%	7.83%	9.46%
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)	1.48%	1.69%	8.85%	5.40%

Correlation

The correlation between EHYG.L and IHYA.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since May 2, 2023	0.22

EHYG.L vs. IHYA.L - Sectors Allocation Comparison

Sectors	EHYG.L	IHYA.L
Financial Services	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	16.4%
Technology	-	-
Utilities	-	83.6%

Return for Risk

EHYG.L vs. IHYA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EHYG.L

EHYG.L Risk / Return Rank: 49
EHYG.L Sharpe Ratio Rank: 47
EHYG.L Sortino Ratio Rank: 53
EHYG.L Omega Ratio Rank: 52
EHYG.L Calmar Ratio Rank: 42
EHYG.L Martin Ratio Rank: 53

IHYA.L

IHYA.L Risk / Return Rank: 61
IHYA.L Sharpe Ratio Rank: 58
IHYA.L Sortino Ratio Rank: 67
IHYA.L Omega Ratio Rank: 64
IHYA.L Calmar Ratio Rank: 50
IHYA.L Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EHYG.L vs. IHYA.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 (Acc) (EHYG.L) and iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.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.

	EHYG.L	IHYA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.21	+0.42
Sortino ratio: Return per unit of downside risk	2.51	1.75	+0.76
Omega ratio: Gain probability vs. loss probability	1.32	1.22	+0.10
Calmar ratio: Return relative to maximum drawdown	2.05	2.10	-0.05
Martin ratio: Return relative to average drawdown	9.04	6.56	+2.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EHYG.L vs. IHYA.L - Sharpe Ratio Comparison

The current EHYG.L Sharpe Ratio is 1.63, which is higher than the IHYA.L Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of EHYG.L and IHYA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EHYG.L	IHYA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	1.21	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.41	0.37	+2.04

Drawdowns

EHYG.L vs. IHYA.L - Drawdown Comparison

The maximum EHYG.L drawdown since its inception was -3.19%, smaller than the maximum IHYA.L drawdown of -16.09%. Use the drawdown chart below to compare losses from any high point for EHYG.L and IHYA.L.

Drawdown Indicators

	EHYG.L	IHYA.L	Difference
Max Drawdown Largest peak-to-trough decline	-3.19%	-16.09%	+12.90%
Max Drawdown (1Y) Largest decline over 1 year	-2.85%	-3.79%	+0.94%
Max Drawdown (3Y) Largest decline over 3 years	-3.19%	-8.92%	+5.73%
Max Drawdown (5Y) Largest decline over 5 years	—	-10.81%	—
Current Drawdown Current decline from peak	-0.14%	-0.60%	+0.46%
Average Drawdown Average peak-to-trough decline	-0.32%	-3.74%	+3.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	1.21%	-0.56%

Volatility

EHYG.L vs. IHYA.L - Volatility Comparison

The current volatility for iShares € High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Acc) (EHYG.L) is 1.04%, while iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) has a volatility of 2.04%. This indicates that EHYG.L experiences smaller price fluctuations and is considered to be less risky than IHYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EHYG.L	IHYA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.04%	2.04%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	3.05%	5.15%	-2.10%
Volatility (1Y) Calculated over the trailing 1-year period	3.58%	6.58%	-3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.58%	8.67%	-5.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.58%	9.78%	-6.20%

EHYG.L vs. IHYA.L - Expense Ratio Comparison

EHYG.L has a 0.27% expense ratio, which is lower than IHYA.L's 0.50% expense ratio.

Dividends

EHYG.L vs. IHYA.L - Dividend Comparison

Neither EHYG.L nor IHYA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EHYG.L and IHYA.L in my portfolio?

EHYG.L and IHYA.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.

Which ETF is better, EHYG.L or IHYA.L?

On fees, EHYG.L is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EHYG.L or IHYA.L?

EHYG.L is cheaper with a 0.27% expense ratio, compared with 0.50% for IHYA.L.

What is the main difference between EHYG.L and IHYA.L?

EHYG.L tracks Bloomberg MSCI Euro Corporate High Yield ESG SRI Bond Index (EUR), while IHYA.L tracks Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.27% for EHYG.L and 0.50% for IHYA.L.