PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
GHYS.L vs. WIAU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GHYS.L vs. WIAU.L

Last updated Jun 5, 2026

GHYS.L (iShares Global High Yield Corp Bond GBP Hedged UCITS ETF) and WIAU.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc)) are both High Yield Bonds funds from iShares - GHYS.L tracks the Markit iBoxx Global Developed Markets Liquid High Yield Capped Index (GBP Hedged) while WIAU.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, GHYS.L returned 3.51%/yr vs 3.68%/yr for WIAU.L. At a 0.29 correlation, their price movements are largely independent. GHYS.L charges 0.55%/yr vs 0.50%/yr for WIAU.L.

Performance

GHYS.L vs. WIAU.L - Performance Comparison

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

Loading charts...

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both stocks are quite close, with GHYS.L having a 1.32% return and WIAU.L slightly lower at 1.30%.

GHYS.L

1D
0.09%
1M
0.42%
YTD
1.32%
6M
1.62%
1Y
5.61%
3Y*
7.87%
5Y*
3.51%
10Y*
4.09%

WIAU.L

1D
0.16%
1M
1.30%
YTD
1.30%
6M
0.58%
1Y
8.82%
3Y*
5.68%
5Y*
3.68%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GHYS.L vs. WIAU.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
GHYS.L
iShares Global High Yield Corp Bond GBP Hedged UCITS ETF		1.32%7.56%6.95%11.60%-9.89%3.60%2.71%11.10%-3.46%
WIAU.L
iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc)		1.30%4.48%4.84%6.98%-3.74%2.77%13.29%12.34%4.81%

Correlation

The correlation between GHYS.L and WIAU.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.29

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (All Time)
Calculated using the full available price history since Apr 19, 2018

0.29

GHYS.L vs. WIAU.L - Sectors Allocation Comparison

Sectors
GHYS.L
WIAU.L

Utilities

91.7%

-

Real Estate

8.3%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

100.0%

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

GHYS.L
91.7%
WIAU.L

-

Real Estate

GHYS.L
8.3%
WIAU.L

-

Basic Materials

GHYS.L

-

WIAU.L

-

Communication Services

GHYS.L

-

WIAU.L

-

Consumer Cyclical

GHYS.L

-

WIAU.L

-

Consumer Defensive

GHYS.L

-

WIAU.L

-

Energy

GHYS.L

-

WIAU.L

-

Financial Services

GHYS.L

-

WIAU.L
100.0%

Healthcare

GHYS.L

-

WIAU.L

-

Industrials

GHYS.L

-

WIAU.L

-

Technology

GHYS.L

-

WIAU.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global High Yield Corp Bond GBP Hedged UCITS ETF

iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc)

Often compared with GHYS.L:
GHYS.L vs. IS15.LGHYS.L vs. HYGWGHYS.L vs. VHYL.ASGHYS.L vs. TDGB.LGHYS.L vs. HYEA.LGHYS.L vs. GHYG.LGHYS.L vs. GFGB.L
Often compared with WIAU.L:
WIAU.L vs. HYFC.LWIAU.L vs. AGGG.LWIAU.L vs. STHE.LWIAU.L vs. SHLDWIAU.L vs. DTLA.LWIAU.L vs. SDHA.LWIAU.L vs. QQQ

Return for Risk

GHYS.L vs. WIAU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GHYS.L
GHYS.L Risk / Return Rank: 4040
Overall Rank
GHYS.L Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
GHYS.L Sortino Ratio Rank: 3838
Sortino Ratio Rank
GHYS.L Omega Ratio Rank: 3838
Omega Ratio Rank
GHYS.L Calmar Ratio Rank: 3838
Calmar Ratio Rank
GHYS.L Martin Ratio Rank: 5252
Martin Ratio Rank
WIAU.L
WIAU.L Risk / Return Rank: 4141
Overall Rank
WIAU.L Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
WIAU.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
WIAU.L Omega Ratio Rank: 4141
Omega Ratio Rank
WIAU.L Calmar Ratio Rank: 3535
Calmar Ratio Rank
WIAU.L Martin Ratio Rank: 4141
Martin Ratio Rank
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.

GHYS.L vs. WIAU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corp Bond GBP Hedged UCITS ETF (GHYS.L) and iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc) (WIAU.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.

GHYS.LWIAU.LDifference
Sharpe ratioReturn per unit of total volatility
1.27
1.40

-0.13

Sortino ratioReturn per unit of downside risk
1.93
2.03

-0.10

Omega ratioGain probability vs. loss probability

1.24

1.25

-0.01

Calmar ratioReturn relative to maximum drawdown

1.88

2.72

-0.84

Martin ratioReturn relative to average drawdown

8.55

8.13

+0.43

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GHYS.L vs. WIAU.L - Sharpe Ratio Comparison

The current GHYS.L Sharpe Ratio is 1.27, which is comparable to the WIAU.L Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of GHYS.L and WIAU.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.

Loading charts...

Sharpe Ratios by Period

GHYS.LWIAU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.27

1.40

-0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.50

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.66

-0.07

Drawdowns

GHYS.L vs. WIAU.L - Drawdown Comparison

The maximum GHYS.L drawdown since its inception was -25.15%, which is greater than WIAU.L's maximum drawdown of -15.49%. Use the drawdown chart below to compare losses from any high point for GHYS.L and WIAU.L.

Loading charts...

Drawdown Indicators

GHYS.LWIAU.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.15%

-15.49%

-9.66%

Max Drawdown (1Y)

Largest decline over 1 year

-2.97%

-3.23%

+0.26%

Max Drawdown (3Y)

Largest decline over 3 years

-4.54%

-6.82%

+2.28%

Max Drawdown (5Y)

Largest decline over 5 years

-14.70%

-11.17%

-3.53%

Max Drawdown (10Y)

Largest decline over 10 years

-25.15%

—

—

Current Drawdown

Current decline from peak

-0.34%

-0.33%

-0.01%

Average Drawdown

Average peak-to-trough decline

-2.29%

-2.54%

+0.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.65%

1.08%

-0.43%

Volatility

GHYS.L vs. WIAU.L - Volatility Comparison

The current volatility for iShares Global High Yield Corp Bond GBP Hedged UCITS ETF (GHYS.L) is 1.48%, while iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc) (WIAU.L) has a volatility of 1.66%. This indicates that GHYS.L experiences smaller price fluctuations and is considered to be less risky than WIAU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

GHYS.LWIAU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.48%

1.66%

-0.18%

Volatility (6M)

Calculated over the trailing 6-month period

3.79%

4.99%

-1.20%

Volatility (1Y)

Calculated over the trailing 1-year period

4.40%

6.28%

-1.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.98%

7.64%

-1.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.15%

9.53%

-2.38%

GHYS.L vs. WIAU.L - Expense Ratio Comparison

GHYS.L has a 0.55% expense ratio, which is higher than WIAU.L's 0.50% expense ratio.

Dividends

GHYS.L vs. WIAU.L - Dividend Comparison

GHYS.L's dividend yield for the trailing twelve months is around 5.73%, while WIAU.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
GHYS.L
iShares Global High Yield Corp Bond GBP Hedged UCITS ETF		5.73%5.68%5.78%5.36%4.41%3.78%4.08%5.03%4.89%4.58%4.91%5.65%
WIAU.L
iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

GHYS.L and WIAU.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, WIAU.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

WIAU.L is cheaper with a 0.50% expense ratio, compared with 0.55% for GHYS.L.

GHYS.L tracks Markit iBoxx Global Developed Markets Liquid High Yield Capped Index (GBP Hedged), while WIAU.L tracks ICE BofA Gbl HY Constnd TR USD. Their fees differ too: 0.55% for GHYS.L and 0.50% for WIAU.L.

Portfolio Optimizer

Find the right allocation for GHYS.L and WIAU.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer