HYGU.L vs. TAHY.L
HYGU.L (iShares € High Yield Corp 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 - HYGU.L tracks the iShares € High Yield Corp 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, HYGU.L returned 8.18%/yr vs 8.17%/yr for TAHY.L. At a 0.21 correlation, their price movements are largely independent.
Performance
HYGU.L vs. TAHY.L - Performance Comparison
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Returns By Period
In the year-to-date period, HYGU.L achieves a 2.18% return, which is significantly lower than TAHY.L's 3.88% return.
HYGU.L
- 1D
- -0.03%
- 1M
- 0.24%
- 6M
- 2.18%
- YTD
- 2.18%
- 1Y
- 5.22%
- 3Y*
- 8.18%
- 5Y*
- 4.58%
- 10Y*
- —
TAHY.L
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 3.11%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
HYGU.L vs. TAHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYGU.L iShares € High Yield Corp Bond UCITS ETF | 2.18% | 7.24% | 7.29% | 13.55% | -7.14% | 0.33% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc | 3.88% | 7.26% | 17.54% | -10.74% | -18.39% | -13.10% |
Correlation
The correlation between HYGU.L and TAHY.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.21 |
The correlation between HYGU.L and TAHY.L shifts across timeframes, from 0.11 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYGU.L vs. TAHY.L — Risk / Return Rank
HYGU.L
TAHY.L
HYGU.L vs. TAHY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € High Yield Corp Bond UCITS ETF (HYGU.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.
| HYGU.L | TAHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.59 | -0.59 |
| Martin ratioReturn relative to average drawdown | 8.61 | 7.38 | +1.23 |
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Drawdowns
HYGU.L vs. TAHY.L - Drawdown Comparison
The maximum HYGU.L drawdown since its inception was -25.03%, smaller than the maximum TAHY.L drawdown of -51.61%. Use the drawdown chart below to compare losses from any high point for HYGU.L and TAHY.L.
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Drawdown Indicators
| HYGU.L | TAHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.03% | -51.61% | +26.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -2.57% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.62% | -11.20% | +7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -13.61% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -17.10% | +16.94% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -26.81% | +24.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.91% | -0.30% |
Volatility
HYGU.L vs. TAHY.L - Volatility Comparison
The current volatility for iShares € High Yield Corp Bond UCITS ETF (HYGU.L) is 0.62%, while Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.L) has a volatility of 1.07%. This indicates that HYGU.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
| HYGU.L | TAHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 1.07% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 2.83% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 3.64% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 13.09% | -7.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 13.09% | -5.99% |
Dividends
HYGU.L vs. TAHY.L - Dividend Comparison
Neither HYGU.L nor TAHY.L has paid dividends to shareholders.
Frequently Asked Questions
HYGU.L and TAHY.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYGU.L tracks iShares € High Yield Corp 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: iShares and Janus Henderson.
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