GHYU.L vs. UHYG.L

Last updated Jun 6, 2026

GHYU.L (Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc) and UHYG.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Dist) are both High Yield Bonds funds from Amundi - GHYU.L tracks the ICE BofA Gbl HY Constnd TR USD while UHYG.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, GHYU.L returned 2.58%/yr vs 3.50%/yr for UHYG.L. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

GHYU.L vs. UHYG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc (GHYU.L) and Lyxor ESG USD High Yield (DR) UCITS ETF - Dist (UHYG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GHYU.L is traded in USD, while UHYG.L is traded in GBP. To make them comparable, the UHYG.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 0.28% return, which is significantly lower than UHYG.L's 0.69% return.

GHYU.L

• 1D: -0.36%
• 1M: -0.40%
• YTD: 0.28%
• 6M: 0.97%
• 1Y: 5.51%
• 3Y*: 8.49%
• 5Y*: 2.58%
• 10Y*: —

UHYG.L

• 1D: -0.52%
• 1M: -0.31%
• YTD: 0.69%
• 6M: 1.09%
• 1Y: 6.23%
• 3Y*: 8.27%
• 5Y*: 3.50%
• 10Y*: —

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

GHYU.L vs. UHYG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GHYU.L Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc	0.28%	11.40%	5.09%	12.34%	-13.08%	0.23%	8.35%
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist	0.69%	8.93%	7.93%	11.21%	-12.20%	3.55%	4.88%

Correlation

The correlation between GHYU.L and UHYG.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jan 16, 2020	0.52

Over the past year, the correlation between GHYU.L and UHYG.L has dropped to 0.28 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

Return for Risk

GHYU.L vs. UHYG.L — Risk / Return Rank

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

GHYU.L

GHYU.L Risk / Return Rank: 34
GHYU.L Sharpe Ratio Rank: 34
GHYU.L Sortino Ratio Rank: 35
GHYU.L Omega Ratio Rank: 32
GHYU.L Calmar Ratio Rank: 31
GHYU.L Martin Ratio Rank: 39

UHYG.L

UHYG.L Risk / Return Rank: 46
UHYG.L Sharpe Ratio Rank: 45
UHYG.L Sortino Ratio Rank: 46
UHYG.L Omega Ratio Rank: 44
UHYG.L Calmar Ratio Rank: 50
UHYG.L Martin Ratio Rank: 46

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.

GHYU.L vs. UHYG.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 Lyxor ESG USD High Yield (DR) UCITS ETF - Dist (UHYG.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.

	GHYU.L	UHYG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.23	-0.10
Sortino ratio: Return per unit of downside risk	1.72	1.78	-0.06
Omega ratio: Gain probability vs. loss probability	1.20	1.21	-0.01
Calmar ratio: Return relative to maximum drawdown	1.41	1.97	-0.56
Martin ratio: Return relative to average drawdown	5.49	8.80	-3.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GHYU.L vs. UHYG.L - Sharpe Ratio Comparison

The current GHYU.L Sharpe Ratio is 1.13, which is comparable to the UHYG.L Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of GHYU.L and UHYG.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.

Sharpe Ratios by Period

	GHYU.L	UHYG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	1.23	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.46	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.20	+0.19

Drawdowns

GHYU.L vs. UHYG.L - Drawdown Comparison

The maximum GHYU.L drawdown since its inception was -22.38%, smaller than the maximum UHYG.L drawdown of -29.08%. Use the drawdown chart below to compare losses from any high point for GHYU.L and UHYG.L.

Drawdown Indicators

	GHYU.L	UHYG.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.38%	-29.08%	+6.70%
Max Drawdown (1Y) Largest decline over 1 year	-3.90%	-3.15%	-0.75%
Max Drawdown (3Y) Largest decline over 3 years	-4.67%	-4.72%	+0.05%
Max Drawdown (5Y) Largest decline over 5 years	-22.38%	-17.08%	-5.30%
Current Drawdown Current decline from peak	-0.84%	-0.70%	-0.14%
Average Drawdown Average peak-to-trough decline	-5.49%	-9.80%	+4.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	0.71%	+0.29%

Volatility

GHYU.L vs. UHYG.L - Volatility Comparison

Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc (GHYU.L) has a higher volatility of 1.69% compared to Lyxor ESG USD High Yield (DR) UCITS ETF - Dist (UHYG.L) at 1.46%. This indicates that GHYU.L's price experiences larger fluctuations and is considered to be riskier than UHYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GHYU.L	UHYG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.69%	1.46%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	3.78%	3.90%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	4.86%	5.06%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.40%	7.64%	-0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.89%	10.21%	-1.32%

GHYU.L vs. UHYG.L - Expense Ratio Comparison

Both GHYU.L and UHYG.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

GHYU.L vs. UHYG.L - Dividend Comparison

GHYU.L has not paid dividends to shareholders, while UHYG.L's dividend yield for the trailing twelve months is around 5.75%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	0.00%	0.00%
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist	5.75%	5.84%	3.44%	6.01%	5.93%	6.98%	6.97%	6.59%	5.42%	4.11%

Frequently Asked Questions

Can I hold both GHYU.L and UHYG.L in my portfolio?

GHYU.L and UHYG.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GHYU.L or UHYG.L?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GHYU.L or UHYG.L?

GHYU.L and UHYG.L have the same expense ratio: 0.25% per year.

What is the main difference between GHYU.L and UHYG.L?

GHYU.L tracks ICE BofA Gbl HY Constnd TR USD, while UHYG.L tracks Bloomberg US Corporate High Yield TR USD.