HYEA.L vs. IGHY.L
HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) and IGHY.L (iShares Global High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds from iShares tracking the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, HYEA.L returned 3.95%/yr vs -1.01%/yr for IGHY.L. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.
Performance
HYEA.L vs. IGHY.L - Performance Comparison
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Different Trading Currencies
HYEA.L is traded in EUR, while IGHY.L is traded in GBP. To make them comparable, the IGHY.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 higher than IGHY.L's -1.24% 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*
- —
IGHY.L
- 1D
- 0.08%
- 1M
- 0.82%
- YTD
- -1.24%
- 6M
- -1.17%
- 1Y
- -1.01%
- 3Y*
- 0.35%
- 5Y*
- -1.01%
- 10Y*
- -0.58%
HYEA.L vs. IGHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 1.74% | 1.53% | 9.22% | 9.21% | -6.45% | 8.26% | -1.76% | 14.15% | 0.72% | -1.89% |
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | -1.24% | -4.08% | 3.38% | 4.14% | -9.92% | 3.08% | -5.82% | 9.65% | -4.09% | -1.99% |
Correlation
The correlation between HYEA.L and IGHY.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2017 | 0.76 |
Over the past year, the correlation between HYEA.L and IGHY.L has dropped to 0.52 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
HYEA.L vs. IGHY.L — Risk / Return Rank
HYEA.L
IGHY.L
HYEA.L vs. IGHY.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 Global High Yield Corporate Bond UCITS ETF (IGHY.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 | IGHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.96 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | -0.25 | +2.51 |
| Martin ratioReturn relative to average drawdown | 8.04 | -0.61 | +8.65 |
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 | IGHY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | -0.23 | +1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | -0.14 | +0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | -0.23 | +0.79 |
Drawdowns
HYEA.L vs. IGHY.L - Drawdown Comparison
The maximum HYEA.L drawdown since its inception was -22.34%, smaller than the maximum IGHY.L drawdown of -42.40%. Use the drawdown chart below to compare losses from any high point for HYEA.L and IGHY.L.
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Drawdown Indicators
| HYEA.L | IGHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -42.40% | +20.06% |
Max Drawdown (1Y)Largest decline over 1 year | -1.89% | -5.25% | +3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -6.63% | -9.68% | +3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -9.74% | -12.05% | +2.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.89% | — |
Current DrawdownCurrent decline from peak | 0.00% | -34.63% | +34.63% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -31.58% | +28.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 2.19% | -1.66% |
Volatility
HYEA.L vs. IGHY.L - Volatility Comparison
iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) and iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) have volatilities of 0.89% and 0.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYEA.L | IGHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.87% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 4.49% | -2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 5.79% | -2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 6.97% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 8.41% | -1.48% |
HYEA.L vs. IGHY.L - Expense Ratio Comparison
Both HYEA.L and IGHY.L have an expense ratio of 0.50%.
Dividends
HYEA.L vs. IGHY.L - Dividend Comparison
HYEA.L has not paid dividends to shareholders, while IGHY.L's dividend yield for the trailing twelve months is around 0.06%.
| Position | 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% |
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | 0.06% | 0.05% | 0.05% | 0.05% | 0.04% | 0.04% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Frequently Asked Questions
HYEA.L and IGHY.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HYEA.L and IGHY.L have the same expense ratio: 0.50% per year.
Both ETFs track ICE BofA Gbl HY Constnd TR USD.
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