GHYU.L vs. HYSD.L
GHYU.L (Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc) and HYSD.L (iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist)) are both High Yield Bonds funds - GHYU.L tracks the ICE BofA Gbl HY Constnd TR USD while HYSD.L tracks the ICE BofA US High Yield Constrained Index. Both are passively managed. Over the past 3 years, GHYU.L returned 7.51%/yr vs 9.12%/yr for HYSD.L. A 0.65 correlation means they provide meaningful diversification when combined. GHYU.L charges 0.25%/yr vs 0.22%/yr for HYSD.L.
Performance
GHYU.L vs. HYSD.L - Performance Comparison
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Different Trading Currencies
GHYU.L is traded in USD, while HYSD.L is traded in GBP. To make them comparable, the HYSD.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GHYU.L achieves a 0.64% return, which is significantly lower than HYSD.L's 1.91% return.
GHYU.L
- 1D
- 0.24%
- 1M
- -0.24%
- 6M
- 0.77%
- YTD
- 0.64%
- 1Y
- 4.91%
- 3Y*
- 7.51%
- 5Y*
- 2.48%
- 10Y*
- —
HYSD.L
- 1D
- -0.21%
- 1M
- 1.52%
- 6M
- 1.83%
- YTD
- 1.91%
- 1Y
- 5.75%
- 3Y*
- 9.12%
- 5Y*
- —
- 10Y*
- —
GHYU.L vs. HYSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GHYU.L Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc | 0.64% | 11.40% | 5.09% | 12.34% | -0.89% |
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 1.91% | 16.41% | 5.80% | 17.64% | -4.06% |
Correlation
The correlation between GHYU.L and HYSD.L is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022 | 0.65 |
The correlation between GHYU.L and HYSD.L shifts across timeframes, from 0.55 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GHYU.L vs. HYSD.L — Risk / Return Rank
GHYU.L
HYSD.L
GHYU.L vs. HYSD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc (GHYU.L) and iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (HYSD.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.
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.
| GHYU.L | HYSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.12 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 0.89 | +0.30 |
| Martin ratioReturn relative to average drawdown | 4.60 | 2.30 | +2.29 |
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Drawdowns
GHYU.L vs. HYSD.L - Drawdown Comparison
The maximum GHYU.L drawdown since its inception was -22.38%, which is greater than HYSD.L's maximum drawdown of -20.02%. Use the drawdown chart below to compare losses from any high point for GHYU.L and HYSD.L.
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Drawdown Indicators
| GHYU.L | HYSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.38% | -20.02% | -2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -6.47% | +2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -4.67% | -9.26% | +4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -22.38% | — | — |
Current DrawdownCurrent decline from peak | -0.48% | -1.59% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -3.24% | -2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.49% | -1.48% |
Volatility
GHYU.L vs. HYSD.L - Volatility Comparison
The current volatility for Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc (GHYU.L) is 0.91%, while iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (HYSD.L) has a volatility of 2.10%. This indicates that GHYU.L experiences smaller price fluctuations and is considered to be less risky than HYSD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHYU.L | HYSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 2.10% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 6.56% | -2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.82% | 8.56% | -3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.41% | 12.07% | -4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.83% | 12.07% | -3.24% |
GHYU.L vs. HYSD.L - Expense Ratio Comparison
GHYU.L has a 0.25% expense ratio, which is higher than HYSD.L's 0.22% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GHYU.L vs. HYSD.L - Dividend Comparison
GHYU.L has not paid dividends to shareholders, while HYSD.L's dividend yield for the trailing twelve months is around 7.39%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GHYU.L Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc | 0.00% | 0.00% | 0.00% | 0.00% |
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 7.39% | 7.39% | 7.39% | 5.61% |
Frequently Asked Questions
GHYU.L and HYSD.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYSD.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYSD.L is cheaper with a 0.22% expense ratio, compared with 0.25% for GHYU.L.
GHYU.L tracks ICE BofA Gbl HY Constnd TR USD, while HYSD.L tracks ICE BofA US High Yield Constrained Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for GHYU.L and 0.22% for HYSD.L.
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