FSYD vs. IGHY.L
FSYD (Fidelity Sustainable High Yield ETF) and IGHY.L (iShares Global High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds. FSYD is actively managed, while IGHY.L is passively managed. Over the past 3 years, FSYD returned 9.54%/yr vs 3.08%/yr for IGHY.L. A 0.59 correlation means they provide meaningful diversification when combined. FSYD charges 0.55%/yr vs 0.50%/yr for IGHY.L.
Performance
FSYD vs. IGHY.L - Performance Comparison
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Different Trading Currencies
FSYD is traded in USD, while IGHY.L is traded in GBP. To make them comparable, the IGHY.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FSYD achieves a 3.35% return, which is significantly higher than IGHY.L's -2.51% return.
FSYD
- 1D
- -0.27%
- 1M
- 0.75%
- YTD
- 3.35%
- 6M
- 3.97%
- 1Y
- 10.19%
- 3Y*
- 9.54%
- 5Y*
- —
- 10Y*
- —
IGHY.L
- 1D
- 0.05%
- 1M
- -0.27%
- YTD
- -2.51%
- 6M
- -1.69%
- 1Y
- 0.39%
- 3Y*
- 3.08%
- 5Y*
- -1.95%
- 10Y*
- -0.35%
FSYD vs. IGHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FSYD Fidelity Sustainable High Yield ETF | 3.35% | 9.09% | 8.74% | 12.22% | -6.59% |
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | -2.51% | 8.84% | -3.02% | 7.36% | -11.60% |
Correlation
The correlation between FSYD and IGHY.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.59 |
The correlation between FSYD and IGHY.L shifts across timeframes, from 0.43 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSYD vs. IGHY.L — Risk / Return Rank
FSYD
IGHY.L
FSYD vs. IGHY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable High Yield ETF (FSYD) and iShares Global High Yield Corporate Bond UCITS ETF (IGHY.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.
| FSYD | IGHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.43 | ||
| Sortino ratioReturn per unit of downside risk | +3.67 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.02 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 0.05 | +3.78 |
| Martin ratioReturn relative to average drawdown | 15.34 | 0.14 | +15.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSYD | IGHY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 0.06 | +2.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | -0.28 | +1.05 |
Drawdowns
FSYD vs. IGHY.L - Drawdown Comparison
The maximum FSYD drawdown since its inception was -12.11%, smaller than the maximum IGHY.L drawdown of -51.88%. Use the drawdown chart below to compare losses from any high point for FSYD and IGHY.L.
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Drawdown Indicators
| FSYD | IGHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.11% | -51.88% | +39.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -7.69% | +5.02% |
Max Drawdown (3Y)Largest decline over 3 years | -5.49% | -7.69% | +2.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.40% | — |
Current DrawdownCurrent decline from peak | -0.27% | -40.34% | +40.07% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -37.91% | +35.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 2.84% | -2.17% |
Volatility
FSYD vs. IGHY.L - Volatility Comparison
The current volatility for Fidelity Sustainable High Yield ETF (FSYD) is 1.12%, while iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) has a volatility of 1.61%. This indicates that FSYD experiences smaller price fluctuations and is considered to be less risky than IGHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSYD | IGHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.61% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 4.93% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 6.49% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.85% | 8.97% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 9.36% | -1.51% |
FSYD vs. IGHY.L - Expense Ratio Comparison
FSYD has a 0.55% expense ratio, which is higher than IGHY.L's 0.50% expense ratio.
Dividends
FSYD vs. IGHY.L - Dividend Comparison
FSYD's dividend yield for the trailing twelve months is around 6.32%, more than IGHY.L's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSYD Fidelity Sustainable High Yield ETF | 6.32% | 6.49% | 6.47% | 6.70% | 5.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | 0.06% | 0.05% | 0.05% | 0.05% | 0.04% | 0.04% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Frequently Asked Questions
FSYD and IGHY.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGHY.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGHY.L is cheaper with a 0.50% expense ratio, compared with 0.55% for FSYD.
They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.55% for FSYD and 0.50% for IGHY.L.
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