HYEA.L vs. IHYA.L
Compare and contrast key facts about iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) and iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L).
HYEA.L and IHYA.L 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. IHYA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corporate High Yield TR USD. It was launched on Apr 13, 2017. Both HYEA.L and IHYA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HYEA.L vs. IHYA.L - Performance Comparison
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HYEA.L vs. IHYA.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 | 0.38% | 1.53% | 9.22% | 9.21% | -6.45% | 8.26% | -1.76% | 14.15% | 0.72% | -1.89% |
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) | 1.45% | -3.50% | 14.05% | 7.32% | -3.22% | 11.48% | -3.59% | 15.17% | 3.33% | -2.53% |
Different Trading Currencies
HYEA.L is traded in EUR, while IHYA.L is traded in USD. To make them comparable, the IHYA.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 0.38% return, which is significantly lower than IHYA.L's 1.45% return.
HYEA.L
- 1D
- 0.50%
- 1M
- -0.21%
- YTD
- 0.38%
- 6M
- 1.18%
- 1Y
- 2.58%
- 3Y*
- 6.07%
- 5Y*
- 3.48%
- 10Y*
- —
IHYA.L
- 1D
- 0.44%
- 1M
- -0.10%
- YTD
- 1.45%
- 6M
- 2.67%
- 1Y
- 0.60%
- 3Y*
- 5.70%
- 5Y*
- 4.33%
- 10Y*
- —
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HYEA.L vs. IHYA.L - Expense Ratio Comparison
Both HYEA.L and IHYA.L have an expense ratio of 0.50%.
Return for Risk
HYEA.L vs. IHYA.L — Risk / Return Rank
HYEA.L
IHYA.L
HYEA.L vs. IHYA.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 USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.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 | IHYA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.50 | 0.07 | +0.43 |
Sortino ratioReturn per unit of downside risk | 0.71 | 0.15 | +0.56 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.02 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 0.76 | +1.51 |
Martin ratioReturn relative to average drawdown | 6.73 | 1.83 | +4.90 |
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 | IHYA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 0.07 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.51 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.36 | +0.18 |
Correlation
The correlation between HYEA.L and IHYA.L is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HYEA.L vs. IHYA.L - Dividend Comparison
Neither HYEA.L nor IHYA.L has paid dividends to shareholders.
Drawdowns
HYEA.L vs. IHYA.L - Drawdown Comparison
The maximum HYEA.L drawdown since its inception was -22.34%, roughly equal to the maximum IHYA.L drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for HYEA.L and IHYA.L.
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Drawdown Indicators
| HYEA.L | IHYA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -22.58% | +0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -3.82% | +1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -9.74% | -13.68% | +3.94% |
Current DrawdownCurrent decline from peak | -0.60% | -1.24% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -2.26% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.56% | +0.08% |
Volatility
HYEA.L vs. IHYA.L - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) is 1.45%, while iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) has a volatility of 2.47%. This indicates that HYEA.L experiences smaller price fluctuations and is considered to be less risky than IHYA.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 | IHYA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 2.47% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.59% | 4.54% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 8.21% | -3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 8.41% | -2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.99% | 9.51% | -2.52% |