HYEA.L vs. TAHY.L
HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) and TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc) are both High Yield Bonds funds - HYEA.L tracks the ICE BofA Gbl HY Constnd TR USD while TAHY.L tracks the Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc. Both are passively managed. Over the past 3 years, HYEA.L returned 6.96%/yr vs 7.39%/yr for TAHY.L. At a 0.29 correlation, their price movements are largely independent.
Performance
HYEA.L vs. TAHY.L - Performance Comparison
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Different Trading Currencies
HYEA.L is traded in EUR, while TAHY.L is traded in USD. To make them comparable, the TAHY.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 TAHY.L's 6.37% 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*
- —
TAHY.L
- 1D
- -0.47%
- 1M
- 1.03%
- 6M
- 4.67%
- YTD
- 6.37%
- 1Y
- 7.89%
- 3Y*
- 7.39%
- 5Y*
- —
- 10Y*
- —
HYEA.L vs. TAHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 3.05% | 1.53% | 9.22% | 9.21% | -6.45% | 2.48% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc | 6.37% | -5.47% | 25.29% | -13.41% | -13.33% | -9.22% |
Correlation
The correlation between HYEA.L and TAHY.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.29 |
The correlation between HYEA.L and TAHY.L shifts across timeframes, from 0.29 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HYEA.L vs. TAHY.L — Risk / Return Rank
HYEA.L
TAHY.L
HYEA.L vs. TAHY.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 Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.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 | TAHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.20 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 1.69 | +1.36 |
| Martin ratioReturn relative to average drawdown | 11.25 | 4.71 | +6.54 |
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Drawdowns
HYEA.L vs. TAHY.L - Drawdown Comparison
The maximum HYEA.L drawdown since its inception was -22.83%, smaller than the maximum TAHY.L drawdown of -41.36%. Use the drawdown chart below to compare losses from any high point for HYEA.L and TAHY.L.
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Drawdown Indicators
| HYEA.L | TAHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.83% | -41.36% | +18.53% |
Max Drawdown (1Y)Largest decline over 1 year | -1.89% | -4.65% | +2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -6.63% | -10.91% | +4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -9.74% | — | — |
Current DrawdownCurrent decline from peak | -0.48% | -14.55% | +14.07% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -21.49% | +16.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 1.67% | -1.16% |
Volatility
HYEA.L vs. TAHY.L - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) is 1.40%, while Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.L) has a volatility of 1.59%. This indicates that HYEA.L experiences smaller price fluctuations and is considered to be less risky than TAHY.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 | TAHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 1.59% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.59% | 5.32% | -2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 7.10% | -3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 14.38% | -8.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 14.38% | -5.89% |
Dividends
HYEA.L vs. TAHY.L - Dividend Comparison
Neither HYEA.L nor TAHY.L has paid dividends to shareholders.
Frequently Asked Questions
HYEA.L and TAHY.L have a correlation of 0.42, 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 TAHY.L tracks Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc. They also come from different issuers: iShares and Janus Henderson.
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