HYEA.L vs. EHYG.L
HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) and EHYG.L (iShares € High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Acc)) are both High Yield Bonds funds from iShares - HYEA.L tracks the ICE BofA Gbl HY Constnd TR USD while EHYG.L tracks the Bloomberg MSCI Euro Corporate High Yield ESG SRI Bond Index (EUR). Both are passively managed. Over the past 3 years, HYEA.L returned 6.09%/yr vs 8.45%/yr for EHYG.L. At a 0.48 correlation, their price movements are largely independent. HYEA.L charges 0.50%/yr vs 0.27%/yr for EHYG.L.
Performance
HYEA.L vs. EHYG.L - Performance Comparison
Loading charts...
Different Trading Currencies
HYEA.L is traded in EUR, while EHYG.L is traded in GBP. To make them comparable, the EHYG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, HYEA.L achieves a 1.74% return, which is significantly lower than EHYG.L's 2.43% return.
HYEA.L
- 1D
- 0.03%
- 1M
- 0.88%
- YTD
- 1.74%
- 6M
- 1.78%
- 1Y
- 4.39%
- 3Y*
- 6.09%
- 5Y*
- 3.95%
- 10Y*
- —
EHYG.L
- 1D
- 0.00%
- 1M
- 0.46%
- YTD
- 2.43%
- 6M
- 2.98%
- 1Y
- 3.41%
- 3Y*
- 8.45%
- 5Y*
- —
- 10Y*
- —
HYEA.L vs. EHYG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 1.74% | 1.53% | 9.22% | 7.71% |
EHYG.L iShares € High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Acc) | 2.43% | 2.21% | 13.03% | 10.66% |
Correlation
The correlation between HYEA.L and EHYG.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 2, 2023 | 0.48 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYEA.L vs. EHYG.L — Risk / Return Rank
HYEA.L
EHYG.L
HYEA.L vs. EHYG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) and iShares € High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Acc) (EHYG.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.
| HYEA.L | EHYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.10 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 0.85 | +1.40 |
| Martin ratioReturn relative to average drawdown | 8.04 | 2.61 | +5.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HYEA.L | EHYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 0.54 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.50 | -0.94 |
Drawdowns
HYEA.L vs. EHYG.L - Drawdown Comparison
The maximum HYEA.L drawdown since its inception was -22.34%, which is greater than EHYG.L's maximum drawdown of -7.36%. Use the drawdown chart below to compare losses from any high point for HYEA.L and EHYG.L.
Loading charts...
Drawdown Indicators
| HYEA.L | EHYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -7.36% | -14.98% |
Max Drawdown (1Y)Largest decline over 1 year | -1.89% | -3.61% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -6.63% | -7.36% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -9.74% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.27% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -0.94% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 1.18% | -0.65% |
Volatility
HYEA.L vs. EHYG.L - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) is 0.89%, while iShares € High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Acc) (EHYG.L) has a volatility of 1.25%. This indicates that HYEA.L experiences smaller price fluctuations and is considered to be less risky than EHYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HYEA.L | EHYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 1.25% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 4.05% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 5.67% | -2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 6.06% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 6.06% | +0.87% |
HYEA.L vs. EHYG.L - Expense Ratio Comparison
HYEA.L has a 0.50% expense ratio, which is higher than EHYG.L's 0.27% expense ratio.
Dividends
HYEA.L vs. EHYG.L - Dividend Comparison
Neither HYEA.L nor EHYG.L has paid dividends to shareholders.
Frequently Asked Questions
HYEA.L and EHYG.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EHYG.L is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EHYG.L is cheaper with a 0.27% expense ratio, compared with 0.50% for HYEA.L.
HYEA.L tracks ICE BofA Gbl HY Constnd TR USD, while EHYG.L tracks Bloomberg MSCI Euro Corporate High Yield ESG SRI Bond Index (EUR). Their fees differ too: 0.50% for HYEA.L and 0.27% for EHYG.L.
Find the right allocation for HYEA.L and EHYG.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