HYEA.L vs. FBND
Compare and contrast key facts about iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) and Fidelity Total Bond ETF (FBND).
HYEA.L and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYEA.L is a passively managed fund by iShares that tracks the performance of the ICE BofA Gbl HY Constnd TR USD. It was launched on Oct 19, 2017. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Performance
HYEA.L vs. FBND - Performance Comparison
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HYEA.L vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | -0.12% | 1.53% | 9.22% | 9.21% | -6.45% | 8.26% | -1.76% | 14.15% | 0.72% | -1.89% |
FBND Fidelity Total Bond ETF | 1.66% | -5.20% | 8.87% | 3.61% | -7.12% | 7.01% | 0.40% | 12.30% | 4.10% | -1.50% |
Different Trading Currencies
HYEA.L is traded in EUR, while FBND is traded in USD. To make them comparable, the FBND 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 -0.12% return, which is significantly lower than FBND's 1.66% return.
HYEA.L
- 1D
- 0.42%
- 1M
- -0.61%
- YTD
- -0.12%
- 6M
- 1.04%
- 1Y
- 1.85%
- 3Y*
- 5.93%
- 5Y*
- 3.37%
- 10Y*
- —
FBND
- 1D
- 0.00%
- 1M
- -0.83%
- YTD
- 1.66%
- 6M
- 1.94%
- 1Y
- -2.13%
- 3Y*
- 2.18%
- 5Y*
- 1.37%
- 10Y*
- 2.62%
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HYEA.L vs. FBND - Expense Ratio Comparison
HYEA.L has a 0.50% expense ratio, which is higher than FBND's 0.36% expense ratio.
Return for Risk
HYEA.L vs. FBND — Risk / Return Rank
HYEA.L
FBND
HYEA.L vs. FBND - 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 Fidelity Total Bond ETF (FBND). 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 | FBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.36 | -0.27 | +0.63 |
Sortino ratioReturn per unit of downside risk | 0.52 | -0.29 | +0.81 |
Omega ratioGain probability vs. loss probability | 1.08 | 0.96 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.79 | -0.32 | +1.11 |
Martin ratioReturn relative to average drawdown | 2.93 | -0.57 | +3.50 |
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
| HYEA.L | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | -0.27 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.17 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.38 | +0.15 |
Correlation
The correlation between HYEA.L and FBND is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HYEA.L vs. FBND - Dividend Comparison
HYEA.L has not paid dividends to shareholders, while FBND's dividend yield for the trailing twelve months is around 4.72%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.72% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Drawdowns
HYEA.L vs. FBND - Drawdown Comparison
The maximum HYEA.L drawdown since its inception was -22.34%, which is greater than FBND's maximum drawdown of -15.51%. Use the drawdown chart below to compare losses from any high point for HYEA.L and FBND.
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Drawdown Indicators
| HYEA.L | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -17.25% | -5.09% |
Max Drawdown (1Y)Largest decline over 1 year | -4.21% | -2.79% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -9.74% | -17.25% | +7.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.25% | — |
Current DrawdownCurrent decline from peak | -1.09% | -1.59% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -3.38% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.90% | -0.19% |
Volatility
HYEA.L vs. FBND - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) is 1.36%, while Fidelity Total Bond ETF (FBND) has a volatility of 2.02%. This indicates that HYEA.L experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYEA.L | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 2.02% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 4.39% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.11% | 8.05% | -2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 7.96% | -2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.98% | 8.44% | -1.46% |