HYEA.L vs. HYSD.L
HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) and HYSD.L (iShares Broad $ High Yield Corp Bond UCITS ETF) are both High Yield Bonds funds from iShares - HYEA.L tracks the ICE BofA Gbl HY Constnd TR USD while HYSD.L tracks the iShares Broad $ High Yield Corp Bond UCITS ETF. Both are passively managed. Over the past 3 years, HYEA.L returned 6.96%/yr vs 8.61%/yr for HYSD.L. At a 0.45 correlation, their price movements are largely independent.
Performance
HYEA.L vs. HYSD.L - Performance Comparison
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Different Trading Currencies
HYEA.L is traded in EUR, while HYSD.L is traded in GBP. To make them comparable, the HYSD.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 3.05% return, which is significantly lower than HYSD.L's 4.90% return.
HYEA.L
- 1D
- 0.00%
- 1M
- 0.90%
- 6M
- 2.38%
- YTD
- 3.05%
- 1Y
- 5.75%
- 3Y*
- 6.96%
- 5Y*
- 3.75%
- 10Y*
- —
HYSD.L
- 1D
- 0.00%
- 1M
- 1.94%
- 6M
- 3.52%
- YTD
- 4.90%
- 1Y
- 8.17%
- 3Y*
- 8.61%
- 5Y*
- —
- 10Y*
- —
HYEA.L vs. HYSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 3.05% | 1.53% | 9.22% | 9.21% | -4.02% |
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF | 4.90% | 2.60% | 12.79% | 14.12% | -8.86% |
Correlation
The correlation between HYEA.L and HYSD.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022 | 0.45 |
The correlation between HYEA.L and HYSD.L shifts across timeframes, from 0.35 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYEA.L vs. HYSD.L — Risk / Return Rank
HYEA.L
HYSD.L
HYEA.L vs. HYSD.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 Broad $ High Yield Corp Bond UCITS ETF (HYSD.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYEA.L | HYSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.26 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 3.02 | +0.03 |
| Martin ratioReturn relative to average drawdown | 11.25 | 9.45 | +1.80 |
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Drawdowns
HYEA.L vs. HYSD.L - Drawdown Comparison
The maximum HYEA.L drawdown since its inception was -22.83%, which is greater than HYSD.L's maximum drawdown of -14.60%. Use the drawdown chart below to compare losses from any high point for HYEA.L and HYSD.L.
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Drawdown Indicators
| HYEA.L | HYSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.83% | -14.60% | -8.23% |
Max Drawdown (1Y)Largest decline over 1 year | -1.89% | -2.71% | +0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -6.63% | -8.65% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -9.74% | — | — |
Current DrawdownCurrent decline from peak | -0.48% | 0.00% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -2.88% | -2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 0.87% | -0.36% |
Volatility
HYEA.L vs. HYSD.L - Volatility Comparison
iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) has a higher volatility of 1.40% compared to iShares Broad $ High Yield Corp Bond UCITS ETF (HYSD.L) at 1.33%. This indicates that HYEA.L's price experiences larger fluctuations and is considered to be riskier than HYSD.L 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 | HYSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 1.33% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.59% | 4.08% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 5.70% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 8.38% | -2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 8.38% | +0.11% |
Dividends
HYEA.L vs. HYSD.L - Dividend Comparison
HYEA.L has not paid dividends to shareholders, while HYSD.L's dividend yield for the trailing twelve months is around 11.04%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF | 11.04% | 7.39% | 7.39% | 5.61% |
Frequently Asked Questions
HYEA.L and HYSD.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYEA.L tracks ICE BofA Gbl HY Constnd TR USD, while HYSD.L tracks iShares Broad $ High Yield Corp Bond UCITS ETF.
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