HYLD.L vs. XUHY.L
HYLD.L (iShares Global High Yield Corp Bond UCITS ETF) and XUHY.L (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) are both High Yield Bonds funds - HYLD.L tracks the iShares Global 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, HYLD.L returned 3.12%/yr vs 3.85%/yr for XUHY.L. A 0.69 correlation means they provide meaningful diversification when combined. HYLD.L charges 0.50%/yr vs 0.20%/yr for XUHY.L.
Performance
HYLD.L vs. XUHY.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 XUHY.L's 2.18% 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%
XUHY.L
- 1D
- 0.39%
- 1M
- -0.15%
- 6M
- 1.95%
- YTD
- 2.18%
- 1Y
- 6.91%
- 3Y*
- 8.42%
- 5Y*
- 3.85%
- 10Y*
- —
HYLD.L vs. XUHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HYLD.L iShares Global High Yield Corp Bond UCITS ETF | 0.82% | 14.42% | 2.61% | 13.55% | -11.99% | -0.90% | 8.32% | 11.99% | -4.89% |
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 HYLD.L and XUHY.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2018 | 0.69 |
Over the past year, the correlation between HYLD.L and XUHY.L has dropped to 0.41 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
HYLD.L vs. XUHY.L — Risk / Return Rank
HYLD.L
XUHY.L
HYLD.L vs. XUHY.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 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.
| HYLD.L | XUHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.28 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 2.71 | -1.73 |
| Martin ratioReturn relative to average drawdown | 3.26 | 11.64 | -8.38 |
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Drawdowns
HYLD.L vs. XUHY.L - Drawdown Comparison
The maximum HYLD.L drawdown since its inception was -23.53%, roughly equal to the maximum XUHY.L drawdown of -22.80%. Use the drawdown chart below to compare losses from any high point for HYLD.L and XUHY.L.
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Drawdown Indicators
| HYLD.L | XUHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.53% | -22.80% | -0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.21% | -2.54% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -5.36% | -4.74% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -22.52% | -16.57% | -5.95% |
Max Drawdown (10Y)Largest decline over 10 years | -23.53% | — | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.15% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -2.89% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 0.59% | +0.68% |
Volatility
HYLD.L vs. XUHY.L - Volatility Comparison
iShares Global High Yield Corp Bond UCITS ETF (HYLD.L) has a higher volatility of 1.35% compared to Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.L) at 0.86%. This indicates that HYLD.L's price experiences larger fluctuations and is considered to be riskier 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
| HYLD.L | XUHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.86% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 3.60% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.50% | 4.50% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 7.59% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.57% | 8.59% | -0.02% |
HYLD.L vs. XUHY.L - Expense Ratio Comparison
HYLD.L has a 0.50% expense ratio, which is higher than XUHY.L's 0.20% expense ratio.
Dividends
HYLD.L vs. XUHY.L - Dividend Comparison
HYLD.L's dividend yield for the trailing twelve months is around 7.08%, more than XUHY.L's 6.60% 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% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYLD.L and XUHY.L have a correlation of 0.41, 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 0.50% for HYLD.L.
HYLD.L tracks iShares Global 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: 0.50% for HYLD.L and 0.20% for XUHY.L.
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