HYGB.L vs. TAHY.L

Last updated Jul 16, 2026

HYGB.L (VanEck Emerging Markets High Yield 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 - HYGB.L tracks the VanEck Emerging Markets High Yield Bond UCITS ETF 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, HYGB.L returned 8.57%/yr vs 6.99%/yr for TAHY.L. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

HYGB.L vs. TAHY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck Emerging Markets High Yield Bond UCITS ETF (HYGB.L) and Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HYGB.L is traded in GBP, while TAHY.L is traded in USD. To make them comparable, the TAHY.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with HYGB.L having a 3.41% return and TAHY.L slightly higher at 3.46%.

HYGB.L

• 1D: -0.56%
• 1M: -0.50%
• 6M: 2.88%
• YTD: 3.41%
• 1Y: 7.65%
• 3Y*: 8.57%
• 5Y*: 3.23%
• 10Y*: —

TAHY.L

• 1D: -1.04%
• 1M: -0.88%
• 6M: 2.48%
• YTD: 3.46%
• 1Y: 5.56%
• 3Y*: 6.99%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYGB.L vs. TAHY.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HYGB.L VanEck Emerging Markets High Yield Bond UCITS ETF	3.41%	1.56%	13.72%	1.66%	-2.52%	-0.61%
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc	3.46%	-0.38%	19.59%	-15.20%	-8.69%	-11.17%

Correlation

The correlation between HYGB.L and TAHY.L is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021	0.56

The correlation between HYGB.L and TAHY.L has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.

Return for Risk

HYGB.L vs. TAHY.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYGB.L

HYGB.L Risk / Return Rank: 43
HYGB.L Sharpe Ratio Rank: 39
HYGB.L Sortino Ratio Rank: 39
HYGB.L Omega Ratio Rank: 37
HYGB.L Calmar Ratio Rank: 57
HYGB.L Martin Ratio Rank: 44

TAHY.L

TAHY.L Risk / Return Rank: 69
TAHY.L Sharpe Ratio Rank: 71
TAHY.L Sortino Ratio Rank: 74
TAHY.L Omega Ratio Rank: 81
TAHY.L Calmar Ratio Rank: 64
TAHY.L Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYGB.L vs. TAHY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Emerging Markets High Yield Bond UCITS ETF (HYGB.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.

	HYGB.L	TAHY.L	Difference
Sharpe ratio: Return per unit of total volatility	1.17	0.74	+0.43
Sortino ratio: Return per unit of downside risk	1.71	1.05	+0.67
Omega ratio: Gain probability vs. loss probability	1.21	1.13	+0.08
Calmar ratio: Return relative to maximum drawdown	2.30	0.93	+1.37
Martin ratio: Return relative to average drawdown	5.91	2.28	+3.63

HYGB.L vs. TAHY.L - Sharpe Ratio Comparison

The current HYGB.L Sharpe Ratio is 1.17, which is higher than the TAHY.L Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of HYGB.L and TAHY.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HYGB.L vs. TAHY.L - Drawdown Comparison

The maximum HYGB.L drawdown since its inception was -26.72%, smaller than the maximum TAHY.L drawdown of -40.62%. Use the drawdown chart below to compare losses from any high point for HYGB.L and TAHY.L.

Drawdown Indicators

	HYGB.L	TAHY.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.72%	-40.62%	+13.90%
Max Drawdown (1Y) Largest decline over 1 year	-3.31%	-5.98%	+2.67%
Max Drawdown (3Y) Largest decline over 3 years	-8.96%	-7.70%	-1.26%
Max Drawdown (5Y) Largest decline over 5 years	-23.02%	—	—
Current Drawdown Current decline from peak	-2.23%	-15.27%	+13.04%
Average Drawdown Average peak-to-trough decline	-14.29%	-21.35%	+7.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.29%	2.43%	-1.14%

Volatility

HYGB.L vs. TAHY.L - Volatility Comparison

The current volatility for VanEck Emerging Markets High Yield Bond UCITS ETF (HYGB.L) is 1.95%, while Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.L) has a volatility of 2.14%. This indicates that HYGB.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.

Volatility by Period

	HYGB.L	TAHY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	2.14%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	4.98%	5.88%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	6.52%	7.51%	-0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.19%	14.73%	+3.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.41%	14.73%	+2.68%

Dividends

HYGB.L vs. TAHY.L - Dividend Comparison

Neither HYGB.L nor TAHY.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HYGB.L and TAHY.L in my portfolio?

HYGB.L and TAHY.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between HYGB.L and TAHY.L?

HYGB.L tracks VanEck Emerging Markets High Yield Bond UCITS ETF, 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: VanEck and Janus Henderson.