HYSD.L vs. GHYU.L
HYSD.L (iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist)) and GHYU.L (Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc) are both High Yield Bonds funds - HYSD.L tracks the ICE BofA US High Yield Constrained Index while GHYU.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 3 years, HYSD.L returned 7.99%/yr vs 6.71%/yr for GHYU.L. At a 0.26 correlation, their price movements are largely independent. HYSD.L charges 0.22%/yr vs 0.25%/yr for GHYU.L.
Performance
HYSD.L vs. GHYU.L - Performance Comparison
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Different Trading Currencies
HYSD.L is traded in GBP, while GHYU.L is traded in USD. To make them comparable, the GHYU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HYSD.L achieves a 1.97% return, which is significantly higher than GHYU.L's 1.28% return.
HYSD.L
- 1D
- 0.00%
- 1M
- 0.31%
- 6M
- 1.29%
- YTD
- 1.97%
- 1Y
- 5.49%
- 3Y*
- 7.99%
- 5Y*
- —
- 10Y*
- —
GHYU.L
- 1D
- -0.07%
- 1M
- -0.98%
- 6M
- 0.68%
- YTD
- 1.28%
- 1Y
- 5.14%
- 3Y*
- 6.71%
- 5Y*
- 3.14%
- 10Y*
- —
HYSD.L vs. GHYU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 1.97% | 8.24% | 7.60% | 11.75% | -3.60% |
GHYU.L Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc | 1.28% | 3.46% | 6.93% | 6.73% | -0.35% |
Correlation
The correlation between HYSD.L and GHYU.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022 | 0.26 |
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Return for Risk
HYSD.L vs. GHYU.L — Risk / Return Rank
HYSD.L
GHYU.L
HYSD.L vs. GHYU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (HYSD.L) and Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc (GHYU.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.
| HYSD.L | GHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.14 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.44 | +0.82 |
| Martin ratioReturn relative to average drawdown | 9.94 | 3.94 | +6.00 |
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Drawdowns
HYSD.L vs. GHYU.L - Drawdown Comparison
The maximum HYSD.L drawdown since its inception was -9.53%, smaller than the maximum GHYU.L drawdown of -10.97%. Use the drawdown chart below to compare losses from any high point for HYSD.L and GHYU.L.
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Drawdown Indicators
| HYSD.L | GHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.53% | -10.97% | +1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -3.45% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -5.02% | -7.00% | +1.98% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.47% | — |
Current DrawdownCurrent decline from peak | -0.10% | -1.36% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -2.81% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 1.26% | -0.71% |
Volatility
HYSD.L vs. GHYU.L - Volatility Comparison
The current volatility for iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (HYSD.L) is 0.91%, while Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc (GHYU.L) has a volatility of 1.60%. This indicates that HYSD.L experiences smaller price fluctuations and is considered to be less risky than GHYU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYSD.L | GHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.60% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 5.20% | -2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 6.54% | -2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 8.22% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.08% | 9.48% | -3.40% |
HYSD.L vs. GHYU.L - Expense Ratio Comparison
HYSD.L has a 0.22% expense ratio, which is lower than GHYU.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HYSD.L vs. GHYU.L - Dividend Comparison
HYSD.L's dividend yield for the trailing twelve months is around 7.39%, while GHYU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GHYU.L Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc | 0.00% | 0.00% | 0.00% | 0.00% |
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 7.39% | 7.39% | 7.39% | 5.61% |
Frequently Asked Questions
HYSD.L and GHYU.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYSD.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYSD.L is cheaper with a 0.22% expense ratio, compared with 0.25% for GHYU.L.
HYSD.L tracks ICE BofA US High Yield Constrained Index, while GHYU.L tracks ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.22% for HYSD.L and 0.25% for GHYU.L.
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