HYLA.L vs. ISAC.L
HYLA.L (iShares Global High Yield Corp Bond UCITS ETF) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - HYLA.L is a High Yield Bonds fund tracking the iShares Global High Yield Corp Bond UCITS ETF, while ISAC.L is a Global Equities fund tracking the MSCI All Country World Index (Net). Both are passively managed. Over the past 5 years, HYLA.L returned 3.15%/yr vs 11.12%/yr for ISAC.L. A 0.66 correlation means they provide meaningful diversification when combined. HYLA.L charges 0.50%/yr vs 0.20%/yr for ISAC.L.
Performance
HYLA.L vs. ISAC.L - Performance Comparison
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Returns By Period
In the year-to-date period, HYLA.L achieves a 0.70% return, which is significantly lower than ISAC.L's 11.18% 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*
- —
ISAC.L
- 1D
- 0.12%
- 1M
- -0.60%
- 6M
- 9.67%
- YTD
- 11.18%
- 1Y
- 23.73%
- 3Y*
- 19.02%
- 5Y*
- 11.12%
- 10Y*
- 12.44%
HYLA.L vs. ISAC.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% |
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 11.18% | 22.36% | 17.81% | 22.57% | -18.16% | 18.85% | 15.66% | 25.75% | -9.73% | 4.49% |
Correlation
The correlation between HYLA.L and ISAC.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.66 |
The correlation between HYLA.L and ISAC.L shifts across timeframes, from 0.56 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYLA.L vs. ISAC.L — Risk / Return Rank
HYLA.L
ISAC.L
HYLA.L vs. ISAC.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 MSCI ACWI UCITS ETF USD (Acc) (ISAC.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 | ISAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.34 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.70 | -1.82 |
| Martin ratioReturn relative to average drawdown | 2.95 | 10.76 | -7.81 |
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Drawdowns
HYLA.L vs. ISAC.L - Drawdown Comparison
The maximum HYLA.L drawdown since its inception was -24.42%, smaller than the maximum ISAC.L drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for HYLA.L and ISAC.L.
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Drawdown Indicators
| HYLA.L | ISAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.42% | -33.82% | +9.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.62% | -8.77% | +4.15% |
Max Drawdown (3Y)Largest decline over 3 years | -5.65% | -16.56% | +10.91% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -26.07% | +3.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.82% | — |
Current DrawdownCurrent decline from peak | -1.04% | -1.03% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -4.62% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 2.20% | -0.82% |
Volatility
HYLA.L vs. ISAC.L - Volatility Comparison
The current volatility for iShares Global High Yield Corp Bond UCITS ETF (HYLA.L) is 1.39%, while iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) has a volatility of 3.18%. This indicates that HYLA.L experiences smaller price fluctuations and is considered to be less risky than ISAC.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 | ISAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 3.18% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 10.57% | -5.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 12.88% | -7.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 15.65% | -7.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 15.82% | -6.57% |
HYLA.L vs. ISAC.L - Expense Ratio Comparison
HYLA.L has a 0.50% expense ratio, which is higher than ISAC.L's 0.20% expense ratio.
Dividends
HYLA.L vs. ISAC.L - Dividend Comparison
Neither HYLA.L nor ISAC.L has paid dividends to shareholders.
Frequently Asked Questions
HYLA.L and ISAC.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.50% for HYLA.L.
HYLA.L is categorized as High Yield Bonds, while ISAC.L is Global Equities. HYLA.L tracks iShares Global High Yield Corp Bond UCITS ETF, while ISAC.L tracks MSCI All Country World Index (Net). Their fees differ too: 0.50% for HYLA.L and 0.20% for ISAC.L.
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