HYLA.L vs. HYEA.L
HYLA.L (iShares Global High Yield Corp Bond UCITS ETF) and HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds from iShares - HYLA.L tracks the iShares Global High Yield Corp Bond UCITS ETF while HYEA.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, HYLA.L returned 3.15%/yr vs 3.07%/yr for HYEA.L. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.
Performance
HYLA.L vs. HYEA.L - Performance Comparison
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Different Trading Currencies
HYLA.L is traded in USD, while HYEA.L is traded in EUR. To make them comparable, the HYEA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HYLA.L achieves a 0.70% return, which is significantly higher than HYEA.L's 0.20% return.
HYLA.L
- 1D
- 0.12%
- 1M
- -0.32%
- 6M
- 0.56%
- YTD
- 0.70%
- 1Y
- 4.54%
- 3Y*
- 7.76%
- 5Y*
- 3.15%
- 10Y*
- —
HYEA.L
- 1D
- 0.00%
- 1M
- -0.56%
- 6M
- 0.41%
- YTD
- 0.20%
- 1Y
- 4.09%
- 3Y*
- 7.58%
- 5Y*
- 3.07%
- 10Y*
- —
HYLA.L vs. HYEA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYLA.L iShares Global High Yield Corp Bond UCITS ETF | 0.70% | 14.45% | 2.59% | 13.39% | -11.81% | -0.14% | 7.57% | 11.83% | -3.50% | -0.18% |
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 0.20% | 15.17% | 2.47% | 12.66% | -12.07% | 0.88% | 6.94% | 11.93% | -4.42% | -14.99% |
Correlation
The correlation between HYLA.L and HYEA.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.69 |
The correlation between HYLA.L and HYEA.L shifts across timeframes, from 0.60 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYLA.L vs. HYEA.L — Risk / Return Rank
HYLA.L
HYEA.L
HYLA.L vs. HYEA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corp Bond UCITS ETF (HYLA.L) and iShares Global High Yield Corporate Bond UCITS ETF (HYEA.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.
| HYLA.L | HYEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.86 | +0.02 |
| Martin ratioReturn relative to average drawdown | 2.95 | 2.67 | +0.28 |
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Drawdowns
HYLA.L vs. HYEA.L - Drawdown Comparison
The maximum HYLA.L drawdown since its inception was -24.42%, smaller than the maximum HYEA.L drawdown of -30.15%. Use the drawdown chart below to compare losses from any high point for HYLA.L and HYEA.L.
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Drawdown Indicators
| HYLA.L | HYEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.42% | -30.15% | +5.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.62% | -4.79% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -5.65% | -4.90% | -0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -22.62% | -0.31% |
Current DrawdownCurrent decline from peak | -1.04% | -1.74% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -8.30% | +4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.54% | -0.16% |
Volatility
HYLA.L vs. HYEA.L - Volatility Comparison
iShares Global High Yield Corp Bond UCITS ETF (HYLA.L) has a higher volatility of 1.39% compared to iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) at 1.29%. This indicates that HYLA.L's price experiences larger fluctuations and is considered to be riskier than HYEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYLA.L | HYEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.29% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 4.07% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 5.68% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 8.13% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 10.07% | -0.82% |
HYLA.L vs. HYEA.L - Expense Ratio Comparison
Both HYLA.L and HYEA.L have an expense ratio of 0.50%.
Dividends
HYLA.L vs. HYEA.L - Dividend Comparison
Neither HYLA.L nor HYEA.L has paid dividends to shareholders.
Frequently Asked Questions
HYLA.L and HYEA.L have a correlation of 0.60, 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.
HYLA.L and HYEA.L have the same expense ratio: 0.50% per year.
HYLA.L tracks iShares Global High Yield Corp Bond UCITS ETF, while HYEA.L tracks ICE BofA Gbl HY Constnd TR USD.
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