HYEA.L vs. ISAC.L
HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - HYEA.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD, while ISAC.L is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 5 years, HYEA.L returned 3.95%/yr vs 12.42%/yr for ISAC.L. A 0.60 correlation means they provide meaningful diversification when combined. HYEA.L charges 0.50%/yr vs 0.20%/yr for ISAC.L.
Performance
HYEA.L vs. ISAC.L - Performance Comparison
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Different Trading Currencies
HYEA.L is traded in EUR, while ISAC.L is traded in USD. To make them comparable, the ISAC.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 ISAC.L's 12.82% 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*
- —
ISAC.L
- 1D
- -0.23%
- 1M
- 3.71%
- YTD
- 12.82%
- 6M
- 12.99%
- 1Y
- 26.49%
- 3Y*
- 17.97%
- 5Y*
- 12.42%
- 10Y*
- 12.38%
HYEA.L vs. ISAC.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% |
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 12.82% | 7.84% | 25.58% | 18.90% | -13.09% | 27.74% | 6.13% | 28.61% | -5.49% | 2.49% |
Correlation
The correlation between HYEA.L and ISAC.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2017 | 0.60 |
The correlation between HYEA.L and ISAC.L has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.
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Return for Risk
HYEA.L vs. ISAC.L — Risk / Return Rank
HYEA.L
ISAC.L
HYEA.L vs. ISAC.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 MSCI ACWI UCITS ETF USD (Acc) (ISAC.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 | ISAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.40 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 4.16 | -1.91 |
| Martin ratioReturn relative to average drawdown | 8.04 | 15.91 | -7.87 |
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 | ISAC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.14 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.84 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.82 | -0.26 |
Drawdowns
HYEA.L vs. ISAC.L - Drawdown Comparison
The maximum HYEA.L drawdown since its inception was -22.34%, smaller than the maximum ISAC.L drawdown of -33.27%. Use the drawdown chart below to compare losses from any high point for HYEA.L and ISAC.L.
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Drawdown Indicators
| HYEA.L | ISAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -33.27% | +10.93% |
Max Drawdown (1Y)Largest decline over 1 year | -1.89% | -6.37% | +4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -6.63% | -20.27% | +13.64% |
Max Drawdown (5Y)Largest decline over 5 years | -9.74% | -20.27% | +10.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.27% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.57% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -4.42% | +1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 1.67% | -1.14% |
Volatility
HYEA.L vs. ISAC.L - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) is 0.89%, while iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) has a volatility of 3.45%. This indicates that HYEA.L experiences smaller price fluctuations and is considered to be less risky than ISAC.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 | ISAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 3.45% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 9.29% | -6.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 12.38% | -9.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 14.81% | -9.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 15.82% | -8.89% |
HYEA.L vs. ISAC.L - Expense Ratio Comparison
HYEA.L has a 0.50% expense ratio, which is higher than ISAC.L's 0.20% expense ratio.
Dividends
HYEA.L vs. ISAC.L - Dividend Comparison
Neither HYEA.L nor ISAC.L has paid dividends to shareholders.
Frequently Asked Questions
HYEA.L and ISAC.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.50% for HYEA.L.
HYEA.L is categorized as High Yield Bonds, while ISAC.L is Global Equities. HYEA.L tracks ICE BofA Gbl HY Constnd TR USD, while ISAC.L tracks MSCI ACWI Index. Their fees differ too: 0.50% for HYEA.L and 0.20% for ISAC.L.
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