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HIGH.L vs. CNYA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HIGH.L vs. CNYA

Last updated Jun 9, 2026

HIGH.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)) and CNYA (iShares MSCI China A ETF) are both exchange-traded funds - HIGH.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while CNYA is a China Equities fund tracking the MSCI China A Inclusion Index. Both are passively managed. Over the past 5 years, HIGH.L returned 2.58%/yr vs -0.59%/yr for CNYA. At a 0.18 correlation, their price movements are largely independent. HIGH.L charges 0.50%/yr vs 0.60%/yr for CNYA.

Performance

HIGH.L vs. CNYA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) and iShares MSCI China A ETF (CNYA). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HIGH.L is traded in EUR, while CNYA is traded in USD. To make them comparable, the CNYA values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, HIGH.L achieves a 0.64% return, which is significantly lower than CNYA's 6.03% return.

HIGH.L

1D
-0.16%
1M
0.16%
YTD
0.64%
6M
1.13%
1Y
2.79%
3Y*
6.04%
5Y*
2.58%
10Y*
—

CNYA

1D
-1.10%
1M
-2.14%
YTD
6.03%
6M
7.45%
1Y
28.60%
3Y*
7.37%
5Y*
-0.59%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HIGH.L vs. CNYA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HIGH.L
iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)		0.64%4.89%5.70%11.59%-9.32%2.82%1.10%9.76%-3.41%0.63%
CNYA
iShares MSCI China A ETF		6.03%11.47%18.10%-16.34%-21.96%11.28%29.87%39.02%-23.11%3.81%

Correlation

The correlation between HIGH.L and CNYA is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.19

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

0.11

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

0.10

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2017

0.18

HIGH.L vs. CNYA - Sectors Allocation Comparison

Sectors
HIGH.L
CNYA

Financial Services

100.0%
17.0%

Basic Materials

-

10.6%

Communication Services

-

0.6%

Consumer Cyclical

-

5.7%

Consumer Defensive

-

6.7%

Energy

-

3.2%

Healthcare

-

3.8%

Industrials

-

18.3%

Real Estate

-

0.7%

Technology

-

30.0%

Utilities

-

3.2%

Financial Services

HIGH.L
100.0%
CNYA
17.0%

Basic Materials

HIGH.L

-

CNYA
10.6%

Communication Services

HIGH.L

-

CNYA
0.6%

Consumer Cyclical

HIGH.L

-

CNYA
5.7%

Consumer Defensive

HIGH.L

-

CNYA
6.7%

Energy

HIGH.L

-

CNYA
3.2%

Healthcare

HIGH.L

-

CNYA
3.8%

Industrials

HIGH.L

-

CNYA
18.3%

Real Estate

HIGH.L

-

CNYA
0.7%

Technology

HIGH.L

-

CNYA
30.0%

Utilities

HIGH.L

-

CNYA
3.2%

Compare stocks, funds, or ETFs

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

iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)

iShares MSCI China A ETF

Often compared with HIGH.L:
HIGH.L vs. SGOVHIGH.L vs. ARCCHIGH.L vs. EUNW.DEHIGH.L vs. SPYIHIGH.L vs. JEPQHIGH.L vs. SPYHIGH.L vs. IEAA.L
Often compared with CNYA:
CNYA vs. MCHICNYA vs. ASHRCNYA vs. ICHN.ASCNYA vs. KBACNYA vs. FLCHCNYA vs. ICGA.DECNYA vs. GXC

Return for Risk

HIGH.L vs. CNYA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HIGH.L
HIGH.L Risk / Return Rank: 2525
Overall Rank
HIGH.L Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
HIGH.L Sortino Ratio Rank: 2424
Sortino Ratio Rank
HIGH.L Omega Ratio Rank: 2424
Omega Ratio Rank
HIGH.L Calmar Ratio Rank: 2323
Calmar Ratio Rank
HIGH.L Martin Ratio Rank: 3030
Martin Ratio Rank
CNYA
CNYA Risk / Return Rank: 6464
Overall Rank
CNYA Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
CNYA Sortino Ratio Rank: 5555
Sortino Ratio Rank
CNYA Omega Ratio Rank: 5656
Omega Ratio Rank
CNYA Calmar Ratio Rank: 8282
Calmar Ratio Rank
CNYA Martin Ratio Rank: 6969
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.

HIGH.L vs. CNYA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) and iShares MSCI China A ETF (CNYA). 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.

HIGH.LCNYADifference
Sharpe ratioReturn per unit of total volatility
0.74
1.68

-0.94

Sortino ratioReturn per unit of downside risk
1.20
2.36

-1.16

Omega ratioGain probability vs. loss probability

1.15

1.30

-0.15

Calmar ratioReturn relative to maximum drawdown

0.97

4.26

-3.30

Martin ratioReturn relative to average drawdown

3.91

11.02

-7.11

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

HIGH.L vs. CNYA - Sharpe Ratio Comparison

The current HIGH.L Sharpe Ratio is 0.74, which is lower than the CNYA Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of HIGH.L and CNYA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HIGH.LCNYADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.74

1.68

-0.94

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.47

-0.03

+0.50

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

0.25

+0.12

Drawdowns

HIGH.L vs. CNYA - Drawdown Comparison

The maximum HIGH.L drawdown since its inception was -25.42%, smaller than the maximum CNYA drawdown of -43.64%. Use the drawdown chart below to compare losses from any high point for HIGH.L and CNYA.

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Drawdown Indicators

HIGH.LCNYADifference

Max Drawdown

Largest peak-to-trough decline

-25.42%

-43.64%

+18.22%

Max Drawdown (1Y)

Largest decline over 1 year

-2.88%

-6.74%

+3.86%

Max Drawdown (3Y)

Largest decline over 3 years

-3.65%

-32.98%

+29.33%

Max Drawdown (5Y)

Largest decline over 5 years

-14.64%

-42.08%

+27.44%

Current Drawdown

Current decline from peak

-0.48%

-13.91%

+13.43%

Average Drawdown

Average peak-to-trough decline

-2.72%

-16.18%

+13.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.71%

2.60%

-1.89%

Volatility

HIGH.L vs. CNYA - Volatility Comparison

The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) is 1.08%, while iShares MSCI China A ETF (CNYA) has a volatility of 6.21%. This indicates that HIGH.L experiences smaller price fluctuations and is considered to be less risky than CNYA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HIGH.LCNYADifference

Volatility (1M)

Calculated over the trailing 1-month period

1.08%

6.21%

-5.13%

Volatility (6M)

Calculated over the trailing 6-month period

3.09%

11.96%

-8.87%

Volatility (1Y)

Calculated over the trailing 1-year period

3.75%

17.12%

-13.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.46%

22.97%

-17.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.20%

23.27%

-16.07%

HIGH.L vs. CNYA - Expense Ratio Comparison

HIGH.L has a 0.50% expense ratio, which is lower than CNYA's 0.60% expense ratio.

Dividends

HIGH.L vs. CNYA - Dividend Comparison

HIGH.L has not paid dividends to shareholders, while CNYA's dividend yield for the trailing twelve months is around 1.84%.

PositionTTM2025202420232022202120202019201820172016
CNYA
iShares MSCI China A ETF		1.84%1.92%2.51%4.23%2.69%1.11%1.06%1.21%3.92%0.97%1.38%
HIGH.L
iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)		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

HIGH.L and CNYA have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

HIGH.L is cheaper with a 0.50% expense ratio, compared with 0.60% for CNYA.

HIGH.L is categorized as European High Yield Bonds, while CNYA is China Equities. HIGH.L tracks Bloomberg Pan Euro HY Euro TR EUR, while CNYA tracks MSCI China A Inclusion Index. Their fees differ too: 0.50% for HIGH.L and 0.60% for CNYA.

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