GHYG.L vs. GHYU.L
GHYG.L (iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist)) and GHYU.L (Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc) are both High Yield Bonds funds - GHYG.L tracks the ICE BofA Gbl HY Constnd TR HGBP while GHYU.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, GHYG.L returned 3.46%/yr vs 3.77%/yr for GHYU.L. At a 0.32 correlation, their price movements are largely independent. GHYG.L charges 0.55%/yr vs 0.25%/yr for GHYU.L.
Performance
GHYG.L vs. GHYU.L - Performance Comparison
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Different Trading Currencies
GHYG.L is traded in GBP, while GHYU.L is traded in USD. To make them comparable, the GHYU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, GHYG.L achieves a 0.87% return, which is significantly lower than GHYU.L's 1.06% return.
GHYG.L
- 1D
- -0.48%
- 1M
- 0.04%
- YTD
- 0.87%
- 6M
- 1.48%
- 1Y
- 5.47%
- 3Y*
- 7.81%
- 5Y*
- 3.46%
- 10Y*
- —
GHYU.L
- 1D
- 0.12%
- 1M
- 1.31%
- YTD
- 1.06%
- 6M
- 0.75%
- 1Y
- 7.26%
- 3Y*
- 5.86%
- 5Y*
- 3.77%
- 10Y*
- —
GHYG.L vs. GHYU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GHYG.L iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 0.87% | 7.92% | 6.96% | 11.12% | -9.49% | 3.39% | 1.64% |
GHYU.L Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc | 1.06% | 3.46% | 6.89% | 6.74% | -3.03% | 1.50% | 3.43% |
Correlation
The correlation between GHYG.L and GHYU.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2020 | 0.32 |
The correlation between GHYG.L and GHYU.L shifts across timeframes, from 0.21 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GHYG.L vs. GHYU.L — Risk / Return Rank
GHYG.L
GHYU.L
GHYG.L vs. GHYU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (GHYG.L) and Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc (GHYU.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.
| GHYG.L | GHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.10 | +0.05 |
| Martin ratioReturn relative to average drawdown | 9.23 | 5.79 | +3.44 |
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
| GHYG.L | GHYU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.10 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.46 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.33 | +0.13 |
Drawdowns
GHYG.L vs. GHYU.L - Drawdown Comparison
The maximum GHYG.L drawdown since its inception was -23.01%, which is greater than GHYU.L's maximum drawdown of -10.99%. Use the drawdown chart below to compare losses from any high point for GHYG.L and GHYU.L.
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Drawdown Indicators
| GHYG.L | GHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.01% | -10.99% | -12.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -3.45% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -4.57% | -6.99% | +2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -14.45% | -10.46% | -3.99% |
Current DrawdownCurrent decline from peak | -0.48% | -0.49% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -2.89% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 1.25% | -0.66% |
Volatility
GHYG.L vs. GHYU.L - Volatility Comparison
The current volatility for iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (GHYG.L) is 1.28%, while Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc (GHYU.L) has a volatility of 2.09%. This indicates that GHYG.L experiences smaller price fluctuations and is considered to be less risky than GHYU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHYG.L | GHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 2.09% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 5.31% | -2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 6.56% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 8.21% | -2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.88% | 9.54% | -1.66% |
GHYG.L vs. GHYU.L - Expense Ratio Comparison
GHYG.L has a 0.55% expense ratio, which is higher than GHYU.L's 0.25% expense ratio.
Dividends
GHYG.L vs. GHYU.L - Dividend Comparison
GHYG.L's dividend yield for the trailing twelve months is around 5.38%, while GHYU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GHYG.L iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 5.38% | 5.34% | 5.26% | 4.69% | 4.15% | 3.73% | 4.54% | 1.79% |
GHYU.L Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GHYG.L and GHYU.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GHYU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GHYU.L is cheaper with a 0.25% expense ratio, compared with 0.55% for GHYG.L.
GHYG.L tracks ICE BofA Gbl HY Constnd TR HGBP, while GHYU.L tracks ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.55% for GHYG.L and 0.25% for GHYU.L.
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