HYLD.L vs. HYUS.L
HYLD.L (iShares Global High Yield Corp Bond UCITS ETF) and HYUS.L (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) are both High Yield Bonds funds from iShares - HYLD.L tracks the iShares Global High Yield Corp Bond UCITS ETF while HYUS.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 3 years, HYLD.L returned 7.76%/yr vs 8.37%/yr for HYUS.L. A 0.63 correlation means they provide meaningful diversification when combined. HYLD.L charges 0.50%/yr vs 0.20%/yr for HYUS.L.
Performance
HYLD.L vs. HYUS.L - Performance Comparison
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Returns By Period
In the year-to-date period, HYLD.L achieves a 0.82% return, which is significantly lower than HYUS.L's 1.44% return.
HYLD.L
- 1D
- 0.32%
- 1M
- -0.25%
- 6M
- 0.92%
- YTD
- 0.82%
- 1Y
- 4.53%
- 3Y*
- 7.76%
- 5Y*
- 3.12%
- 10Y*
- 4.32%
HYUS.L
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.44%
- YTD
- 1.44%
- 1Y
- 5.89%
- 3Y*
- 8.37%
- 5Y*
- —
- 10Y*
- —
HYLD.L vs. HYUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYLD.L iShares Global High Yield Corp Bond UCITS ETF | 0.82% | 14.42% | 2.61% | 13.55% | -7.02% |
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 1.44% | 8.55% | 8.46% | 12.87% | -6.58% |
Correlation
The correlation between HYLD.L and HYUS.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.63 |
The correlation between HYLD.L and HYUS.L shifts across timeframes, from 0.46 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYLD.L vs. HYUS.L — Risk / Return Rank
HYLD.L
HYUS.L
HYLD.L vs. HYUS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corp Bond UCITS ETF (HYLD.L) and iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.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.
| HYLD.L | HYUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 2.79 | -1.81 |
| Martin ratioReturn relative to average drawdown | 3.26 | 10.82 | -7.56 |
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Drawdowns
HYLD.L vs. HYUS.L - Drawdown Comparison
The maximum HYLD.L drawdown since its inception was -23.53%, which is greater than HYUS.L's maximum drawdown of -11.00%. Use the drawdown chart below to compare losses from any high point for HYLD.L and HYUS.L.
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Drawdown Indicators
| HYLD.L | HYUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.53% | -11.00% | -12.53% |
Max Drawdown (1Y)Largest decline over 1 year | -4.21% | -2.10% | -2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -5.36% | -5.23% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -22.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.53% | — | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.63% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -1.84% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 0.54% | +0.73% |
Volatility
HYLD.L vs. HYUS.L - Volatility Comparison
iShares Global High Yield Corp Bond UCITS ETF (HYLD.L) has a higher volatility of 1.35% compared to iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) at 1.17%. This indicates that HYLD.L's price experiences larger fluctuations and is considered to be riskier than HYUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYLD.L | HYUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.17% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 3.27% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.50% | 4.29% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 6.86% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.57% | 6.86% | +1.71% |
HYLD.L vs. HYUS.L - Expense Ratio Comparison
HYLD.L has a 0.50% expense ratio, which is higher than HYUS.L's 0.20% expense ratio.
Dividends
HYLD.L vs. HYUS.L - Dividend Comparison
HYLD.L's dividend yield for the trailing twelve months is around 7.08%, less than HYUS.L's 9.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLD.L iShares Global High Yield Corp Bond UCITS ETF | 7.08% | 5.32% | 5.61% | 4.70% | 4.01% | 3.95% | 4.42% | 4.77% | 4.98% | 4.73% | 5.08% | 5.31% |
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 9.19% | 7.38% | 7.53% | 6.31% | 1.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYLD.L and HYUS.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYUS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYUS.L is cheaper with a 0.20% expense ratio, compared with 0.50% for HYLD.L.
HYLD.L tracks iShares Global High Yield Corp Bond UCITS ETF, while HYUS.L tracks Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.50% for HYLD.L and 0.20% for HYUS.L.
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