HYLD.L vs. UHYC.L
HYLD.L (iShares Global High Yield Corp Bond UCITS ETF) and UHYC.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Acc) are both High Yield Bonds funds - HYLD.L tracks the iShares Global High Yield Corp Bond UCITS ETF while UHYC.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, HYLD.L returned 3.12%/yr vs 3.47%/yr for UHYC.L. A 0.67 correlation means they provide meaningful diversification when combined. HYLD.L charges 0.50%/yr vs 0.25%/yr for UHYC.L.
Performance
HYLD.L vs. UHYC.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 UHYC.L's 1.70% 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%
UHYC.L
- 1D
- 0.17%
- 1M
- -0.00%
- 6M
- 1.44%
- YTD
- 1.70%
- 1Y
- 6.12%
- 3Y*
- 8.82%
- 5Y*
- 3.47%
- 10Y*
- —
HYLD.L vs. UHYC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYLD.L iShares Global High Yield Corp Bond UCITS ETF | 0.82% | 14.42% | 2.61% | 13.55% | -11.99% | -1.62% |
UHYC.L Lyxor ESG USD High Yield (DR) UCITS ETF - Acc | 1.70% | 8.78% | 7.98% | 12.03% | -12.31% | 0.95% |
Correlation
The correlation between HYLD.L and UHYC.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.67 |
The correlation between HYLD.L and UHYC.L shifts across timeframes, from 0.52 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYLD.L vs. UHYC.L — Risk / Return Rank
HYLD.L
UHYC.L
HYLD.L vs. UHYC.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 Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.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 | UHYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.32 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 2.19 | -1.21 |
| Martin ratioReturn relative to average drawdown | 3.26 | 9.65 | -6.39 |
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Drawdowns
HYLD.L vs. UHYC.L - Drawdown Comparison
The maximum HYLD.L drawdown since its inception was -23.53%, which is greater than UHYC.L's maximum drawdown of -16.72%. Use the drawdown chart below to compare losses from any high point for HYLD.L and UHYC.L.
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Drawdown Indicators
| HYLD.L | UHYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.53% | -16.72% | -6.81% |
Max Drawdown (1Y)Largest decline over 1 year | -4.21% | -2.78% | -1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -5.36% | -4.90% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -22.52% | -16.72% | -5.80% |
Max Drawdown (10Y)Largest decline over 10 years | -23.53% | — | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.17% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -3.90% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 0.63% | +0.64% |
Volatility
HYLD.L vs. UHYC.L - Volatility Comparison
iShares Global High Yield Corp Bond UCITS ETF (HYLD.L) has a higher volatility of 1.35% compared to Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.L) at 0.75%. This indicates that HYLD.L's price experiences larger fluctuations and is considered to be riskier than UHYC.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 | UHYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.75% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 2.95% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.50% | 3.67% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 7.44% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.57% | 7.42% | +1.15% |
HYLD.L vs. UHYC.L - Expense Ratio Comparison
HYLD.L has a 0.50% expense ratio, which is higher than UHYC.L's 0.25% expense ratio.
Dividends
HYLD.L vs. UHYC.L - Dividend Comparison
HYLD.L's dividend yield for the trailing twelve months is around 7.08%, while UHYC.L has not paid dividends to shareholders.
| 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% |
UHYC.L Lyxor ESG USD High Yield (DR) UCITS ETF - Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYLD.L and UHYC.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UHYC.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UHYC.L is cheaper with a 0.25% expense ratio, compared with 0.50% for HYLD.L.
HYLD.L tracks iShares Global High Yield Corp Bond UCITS ETF, while UHYC.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.50% for HYLD.L and 0.25% for UHYC.L.
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