ESHY vs. GHYG

Last updated Jun 24, 2026

ESHY (Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF) and GHYG (iShares US & Intl High Yield Corp Bond ETF) are both High Yield Bonds funds - ESHY tracks the JPMorgan ESG DM Corporate High Yield USD Index while GHYG tracks the Markit iBoxx Global Developed Markets High Yield Index. Both are passively managed. ESHY charges 0.20%/yr vs 0.40%/yr for GHYG.

Performance

ESHY vs. GHYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY) and iShares US & Intl High Yield Corp Bond ETF (GHYG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ESHY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GHYG

• 1D: -0.29%
• 1M: 0.17%
• YTD: 0.27%
• 6M: 0.33%
• 1Y: 4.57%
• 3Y*: 8.81%
• 5Y*: 3.34%
• 10Y*: 4.88%

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

ESHY vs. GHYG - Yearly Performance Comparison

	2026 (YTD)
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%
GHYG iShares US & Intl High Yield Corp Bond ETF	0.21%

Return for Risk

ESHY vs. GHYG — Risk / Return Rank

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

ESHY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GHYG

GHYG Risk / Return Rank: 28
GHYG Sharpe Ratio Rank: 28
GHYG Sortino Ratio Rank: 29
GHYG Omega Ratio Rank: 26
GHYG Calmar Ratio Rank: 26
GHYG Martin Ratio Rank: 32

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.

ESHY vs. GHYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY) and iShares US & Intl High Yield Corp Bond ETF (GHYG). 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.

	ESHY	GHYG	Difference
Sharpe ratio: Return per unit of total volatility	—	0.98	—
Sortino ratio: Return per unit of downside risk	—	1.49	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.20	—
Martin ratio: Return relative to average drawdown	—	4.39	—

Drawdowns

ESHY vs. GHYG - Drawdown Comparison

The maximum ESHY drawdown since its inception was 0.00%, smaller than the maximum GHYG drawdown of -27.36%. Use the drawdown chart below to compare losses from any high point for ESHY and GHYG.

Drawdown Indicators

	ESHY	GHYG	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-27.36%	+27.36%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.84%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.44%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.36%	—
Current Drawdown Current decline from peak	0.00%	-1.09%	+1.09%
Average Drawdown Average peak-to-trough decline	0.00%	-3.34%	+3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.04%	—

Volatility

Volatility by Period

	ESHY	GHYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	4.69%	-4.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	7.64%	-7.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	8.74%	-8.74%

ESHY vs. GHYG - Expense Ratio Comparison

ESHY has a 0.20% expense ratio, which is lower than GHYG's 0.40% expense ratio.

Dividends

ESHY vs. GHYG - Dividend Comparison

ESHY has not paid dividends to shareholders, while GHYG's dividend yield for the trailing twelve months is around 6.26%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GHYG iShares US & Intl High Yield Corp Bond ETF	6.26%	6.03%	6.11%	5.60%	4.64%	4.57%	4.36%	4.61%	5.62%	4.60%	4.61%	4.79%

Frequently Asked Questions

Which ETF is better, ESHY or GHYG?

On fees, ESHY is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESHY or GHYG?

ESHY is cheaper with a 0.20% expense ratio, compared with 0.40% for GHYG.

Which ETF pays a higher dividend yield, ESHY or GHYG?

GHYG has the higher dividend yield at 6.26%, compared with 0.00% for ESHY.

What is the main difference between ESHY and GHYG?

ESHY tracks JPMorgan ESG DM Corporate High Yield USD Index, while GHYG tracks Markit iBoxx Global Developed Markets High Yield Index. They also come from different issuers: Deutsche Bank and iShares. Their fees differ too: 0.20% for ESHY and 0.40% for GHYG.