GLAD.L vs. IHYA.L
Compare and contrast key facts about SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.L) and iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L).
GLAD.L and IHYA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLAD.L is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate TR Hdg USD. It was launched on Oct 9, 2019. IHYA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corporate High Yield TR USD. It was launched on Apr 13, 2017. Both GLAD.L and IHYA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GLAD.L vs. IHYA.L - Performance Comparison
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GLAD.L vs. IHYA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLAD.L SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) | -0.09% | 4.72% | 3.23% | 6.73% | -11.24% | -1.59% | 5.21% | -0.04% |
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) | -0.34% | 9.49% | 6.98% | 10.64% | -8.87% | 3.72% | 5.07% | 2.24% |
Returns By Period
In the year-to-date period, GLAD.L achieves a -0.09% return, which is significantly higher than IHYA.L's -0.34% return.
GLAD.L
- 1D
- 0.29%
- 1M
- -1.34%
- YTD
- -0.09%
- 6M
- 0.75%
- 1Y
- 3.42%
- 3Y*
- 3.95%
- 5Y*
- 0.60%
- 10Y*
- —
IHYA.L
- 1D
- 0.75%
- 1M
- -0.66%
- YTD
- -0.34%
- 6M
- 1.10%
- 1Y
- 7.12%
- 3Y*
- 7.81%
- 5Y*
- 3.91%
- 10Y*
- —
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GLAD.L vs. IHYA.L - Expense Ratio Comparison
GLAD.L has a 0.10% expense ratio, which is lower than IHYA.L's 0.50% expense ratio.
Return for Risk
GLAD.L vs. IHYA.L — Risk / Return Rank
GLAD.L
IHYA.L
GLAD.L vs. IHYA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.L) and iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.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.
| GLAD.L | IHYA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.35 | -0.38 |
Sortino ratioReturn per unit of downside risk | 1.32 | 1.86 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.32 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.88 | -0.39 |
Martin ratioReturn relative to average drawdown | 5.01 | 10.74 | -5.73 |
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
| GLAD.L | IHYA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.35 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.58 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.55 | -0.34 |
Correlation
The correlation between GLAD.L and IHYA.L is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GLAD.L vs. IHYA.L - Dividend Comparison
Neither GLAD.L nor IHYA.L has paid dividends to shareholders.
Drawdowns
GLAD.L vs. IHYA.L - Drawdown Comparison
The maximum GLAD.L drawdown since its inception was -15.20%, smaller than the maximum IHYA.L drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for GLAD.L and IHYA.L.
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Drawdown Indicators
| GLAD.L | IHYA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.20% | -22.58% | +7.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -4.36% | +2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -15.05% | -13.68% | -1.37% |
Current DrawdownCurrent decline from peak | -1.63% | -1.22% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -2.26% | -2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.67% | +0.02% |
Volatility
GLAD.L vs. IHYA.L - Volatility Comparison
The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.L) is 1.48%, while iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) has a volatility of 1.82%. This indicates that GLAD.L experiences smaller price fluctuations and is considered to be less risky than IHYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLAD.L | IHYA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.82% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 2.58% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.55% | 5.28% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 6.77% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 7.93% | -3.66% |