HYEA.L vs. RISE.L
HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) and RISE.L (iShares Fallen Angels 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 4.50%/yr for RISE.L. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.
Performance
HYEA.L vs. RISE.L - Performance Comparison
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Different Trading Currencies
HYEA.L is traded in EUR, while RISE.L is traded in GBp. To make them comparable, the RISE.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 RISE.L's 2.20% 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*
- —
RISE.L
- 1D
- 0.04%
- 1M
- 1.07%
- YTD
- 2.20%
- 6M
- 2.52%
- 1Y
- 6.95%
- 3Y*
- 6.57%
- 5Y*
- 4.50%
- 10Y*
- —
HYEA.L vs. RISE.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% |
RISE.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 2.21% | 0.34% | 10.86% | 9.90% | -8.12% | 10.81% | 8.92% | 19.41% | 0.61% | -0.15% |
Correlation
The correlation between HYEA.L and RISE.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2017 | 0.71 |
The correlation between HYEA.L and RISE.L shifts across timeframes, from 0.58 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYEA.L vs. RISE.L — Risk / Return Rank
HYEA.L
RISE.L
HYEA.L vs. RISE.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 Fallen Angels High Yield Corporate Bond UCITS ETF (RISE.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 | RISE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.67 | -0.41 |
| Martin ratioReturn relative to average drawdown | 8.04 | 9.50 | -1.46 |
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 | RISE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.53 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.68 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.83 | -0.27 |
Drawdowns
HYEA.L vs. RISE.L - Drawdown Comparison
The maximum HYEA.L drawdown since its inception was -22.34%, roughly equal to the maximum RISE.L drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for HYEA.L and RISE.L.
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Drawdown Indicators
| HYEA.L | RISE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -22.13% | -0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -1.89% | -2.59% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -6.63% | -9.42% | +2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -9.74% | -10.88% | +1.14% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -2.56% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.73% | -0.20% |
Volatility
HYEA.L vs. RISE.L - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) is 0.89%, while iShares Fallen Angels High Yield Corporate Bond UCITS ETF (RISE.L) has a volatility of 0.97%. This indicates that HYEA.L experiences smaller price fluctuations and is considered to be less risky than RISE.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 | RISE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.97% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 3.28% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 4.52% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 6.61% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 8.60% | -1.67% |
HYEA.L vs. RISE.L - Expense Ratio Comparison
Both HYEA.L and RISE.L have an expense ratio of 0.50%.
Dividends
HYEA.L vs. RISE.L - Dividend Comparison
HYEA.L has not paid dividends to shareholders, while RISE.L's dividend yield for the trailing twelve months is around 8.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RISE.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 8.29% | 6.61% | 6.89% | 6.13% | 5.06% | 4.52% | 4.96% | 5.81% | 6.42% | 5.91% | 2.65% |
Frequently Asked Questions
HYEA.L and RISE.L have a correlation of 0.58, 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 RISE.L have the same expense ratio: 0.50% per year.
Both ETFs track ICE BofA Gbl HY Constnd TR USD.
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