HYGU.L vs. XUHY.L
HYGU.L (iShares € High Yield Corp Bond UCITS ETF) and XUHY.L (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) are both High Yield Bonds funds - HYGU.L tracks the iShares € High Yield Corp Bond UCITS ETF while XUHY.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, HYGU.L returned 4.58%/yr vs 3.85%/yr for XUHY.L. A 0.59 correlation means they provide meaningful diversification when combined. HYGU.L charges 0.55%/yr vs 0.20%/yr for XUHY.L.
Performance
HYGU.L vs. XUHY.L - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with HYGU.L at 2.18% and XUHY.L at 2.18%.
HYGU.L
- 1D
- -0.03%
- 1M
- 0.24%
- 6M
- 2.18%
- YTD
- 2.18%
- 1Y
- 5.22%
- 3Y*
- 8.18%
- 5Y*
- 4.58%
- 10Y*
- —
XUHY.L
- 1D
- 0.39%
- 1M
- -0.15%
- 6M
- 1.95%
- YTD
- 2.18%
- 1Y
- 6.91%
- 3Y*
- 8.42%
- 5Y*
- 3.85%
- 10Y*
- —
HYGU.L vs. XUHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HYGU.L iShares € High Yield Corp Bond UCITS ETF | 2.18% | 7.24% | 7.29% | 13.55% | -7.14% | 3.72% | 2.16% | 12.83% | -0.71% |
XUHY.L Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 2.18% | 9.17% | 7.06% | 13.56% | -11.99% | 3.54% | 5.97% | 15.66% | -1.06% |
Correlation
The correlation between HYGU.L and XUHY.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2018 | 0.59 |
The correlation between HYGU.L and XUHY.L shifts across timeframes, from 0.49 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYGU.L vs. XUHY.L — Risk / Return Rank
HYGU.L
XUHY.L
HYGU.L vs. XUHY.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 Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.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 | XUHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.28 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.71 | -0.71 |
| Martin ratioReturn relative to average drawdown | 8.61 | 11.64 | -3.03 |
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Drawdowns
HYGU.L vs. XUHY.L - Drawdown Comparison
The maximum HYGU.L drawdown since its inception was -25.03%, which is greater than XUHY.L's maximum drawdown of -22.80%. Use the drawdown chart below to compare losses from any high point for HYGU.L and XUHY.L.
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Drawdown Indicators
| HYGU.L | XUHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.03% | -22.80% | -2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -2.54% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -3.62% | -4.74% | +1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -13.61% | -16.57% | +2.96% |
Current DrawdownCurrent decline from peak | -0.16% | -0.15% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -2.89% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.59% | +0.02% |
Volatility
HYGU.L vs. XUHY.L - Volatility Comparison
The current volatility for iShares € High Yield Corp Bond UCITS ETF (HYGU.L) is 0.62%, while Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.L) has a volatility of 0.86%. This indicates that HYGU.L experiences smaller price fluctuations and is considered to be less risky than XUHY.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 | XUHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.86% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 3.60% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 4.50% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 7.59% | -2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 8.59% | -1.49% |
HYGU.L vs. XUHY.L - Expense Ratio Comparison
HYGU.L has a 0.55% expense ratio, which is higher than XUHY.L's 0.20% expense ratio.
Dividends
HYGU.L vs. XUHY.L - Dividend Comparison
HYGU.L has not paid dividends to shareholders, while XUHY.L's dividend yield for the trailing twelve months is around 6.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HYGU.L iShares € High Yield Corp Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUHY.L Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 6.60% | 6.29% | 7.63% | 5.89% | 6.12% | 9.56% | 5.49% | 4.83% |
Frequently Asked Questions
HYGU.L and XUHY.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUHY.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUHY.L is cheaper with a 0.20% expense ratio, compared with 0.55% for HYGU.L.
HYGU.L tracks iShares € High Yield Corp Bond UCITS ETF, while XUHY.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.55% for HYGU.L and 0.20% for XUHY.L.
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