HYEA.L vs. WIAU.L
HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) and WIAU.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc)) 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 3.52%/yr for WIAU.L. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.
Performance
HYEA.L vs. WIAU.L - Performance Comparison
Loading charts...
Different Trading Currencies
HYEA.L is traded in EUR, while WIAU.L is traded in USD. To make them comparable, the WIAU.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 WIAU.L's 2.04% 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*
- —
WIAU.L
- 1D
- 0.02%
- 1M
- 1.05%
- YTD
- 2.04%
- 6M
- 1.56%
- 1Y
- 5.97%
- 3Y*
- 5.52%
- 5Y*
- 3.52%
- 10Y*
- —
HYEA.L vs. WIAU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 2.21% |
WIAU.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc) | 2.05% | -0.86% | 9.84% | 9.13% | -8.56% | 9.42% | 8.20% | 18.51% | 1.38% |
Correlation
The correlation between HYEA.L and WIAU.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2018 | 0.61 |
The correlation between HYEA.L and WIAU.L shifts across timeframes, from 0.46 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYEA.L vs. WIAU.L — Risk / Return Rank
HYEA.L
WIAU.L
HYEA.L vs. WIAU.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 USD (Acc) (WIAU.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 | WIAU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.10 | +0.15 |
| Martin ratioReturn relative to average drawdown | 8.04 | 6.55 | +1.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HYEA.L | WIAU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.04 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.51 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.68 | -0.13 |
Drawdowns
HYEA.L vs. WIAU.L - Drawdown Comparison
The maximum HYEA.L drawdown since its inception was -22.34%, roughly equal to the maximum WIAU.L drawdown of -22.92%. Use the drawdown chart below to compare losses from any high point for HYEA.L and WIAU.L.
Loading charts...
Drawdown Indicators
| HYEA.L | WIAU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -22.92% | +0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -1.89% | -2.83% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -6.63% | -9.91% | +3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -9.74% | -11.59% | +1.85% |
Current DrawdownCurrent decline from peak | 0.00% | -0.55% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -2.81% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.91% | -0.38% |
Volatility
HYEA.L vs. WIAU.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 USD (Acc) (WIAU.L) has a volatility of 1.31%. This indicates that HYEA.L experiences smaller price fluctuations and is considered to be less risky than WIAU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HYEA.L | WIAU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 1.31% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 4.47% | -2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 5.75% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 7.23% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 9.33% | -2.40% |
HYEA.L vs. WIAU.L - Expense Ratio Comparison
Both HYEA.L and WIAU.L have an expense ratio of 0.50%.
Dividends
HYEA.L vs. WIAU.L - Dividend Comparison
Neither HYEA.L nor WIAU.L has paid dividends to shareholders.
Frequently Asked Questions
HYEA.L and WIAU.L have a correlation of 0.46, 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 WIAU.L have the same expense ratio: 0.50% per year.
Both ETFs track ICE BofA Gbl HY Constnd TR USD.
Find the right allocation for HYEA.L and WIAU.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer