HYSD.L vs. HYGB.L
HYSD.L (iShares Broad $ High Yield Corp Bond UCITS ETF) and HYGB.L (VanEck Emerging Markets High Yield Bond UCITS ETF) are both High Yield Bonds funds - HYSD.L tracks the iShares Broad $ High Yield Corp Bond UCITS ETF while HYGB.L tracks the VanEck Emerging Markets High Yield Bond UCITS ETF. Both are passively managed. Over the past 3 years, HYSD.L returned 8.23%/yr vs 8.57%/yr for HYGB.L. At a correlation of -0.15, they often move in opposite directions.
Performance
HYSD.L vs. HYGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, HYSD.L achieves a 2.22% return, which is significantly lower than HYGB.L's 3.41% return.
HYSD.L
- 1D
- 0.36%
- 1M
- 0.36%
- 6M
- 1.62%
- YTD
- 2.22%
- 1Y
- 6.13%
- 3Y*
- 8.23%
- 5Y*
- —
- 10Y*
- —
HYGB.L
- 1D
- -0.56%
- 1M
- -0.50%
- 6M
- 2.88%
- YTD
- 3.41%
- 1Y
- 7.65%
- 3Y*
- 8.57%
- 5Y*
- 3.23%
- 10Y*
- —
HYSD.L vs. HYGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF | 2.22% | 8.24% | 7.60% | 11.75% | -3.60% |
HYGB.L VanEck Emerging Markets High Yield Bond UCITS ETF | 3.41% | 1.56% | 13.72% | 1.66% | 5.74% |
Correlation
The correlation between HYSD.L and HYGB.L is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022 | -0.15 |
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Return for Risk
HYSD.L vs. HYGB.L — Risk / Return Rank
HYSD.L
HYGB.L
HYSD.L vs. HYGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad $ High Yield Corp Bond UCITS ETF (HYSD.L) and VanEck Emerging Markets High Yield Bond UCITS ETF (HYGB.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 | HYGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.30 | +0.22 |
| Martin ratioReturn relative to average drawdown | 11.10 | 5.91 | +5.19 |
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Drawdowns
HYSD.L vs. HYGB.L - Drawdown Comparison
The maximum HYSD.L drawdown since its inception was -9.53%, smaller than the maximum HYGB.L drawdown of -26.72%. Use the drawdown chart below to compare losses from any high point for HYSD.L and HYGB.L.
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Drawdown Indicators
| HYSD.L | HYGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.53% | -26.72% | +17.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -3.31% | +0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -5.02% | -8.96% | +3.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.02% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.23% | +2.23% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -14.29% | +12.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 1.29% | -0.74% |
Volatility
HYSD.L vs. HYGB.L - Volatility Comparison
The current volatility for iShares Broad $ High Yield Corp Bond UCITS ETF (HYSD.L) is 0.97%, while VanEck Emerging Markets High Yield Bond UCITS ETF (HYGB.L) has a volatility of 1.95%. This indicates that HYSD.L experiences smaller price fluctuations and is considered to be less risky than HYGB.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 | HYGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.95% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 4.98% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 6.52% | -2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.09% | 18.19% | -12.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.09% | 17.41% | -11.32% |
Dividends
HYSD.L vs. HYGB.L - Dividend Comparison
HYSD.L's dividend yield for the trailing twelve months is around 11.04%, while HYGB.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HYGB.L VanEck Emerging Markets High Yield Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF | 11.04% | 7.39% | 7.39% | 5.61% |
Frequently Asked Questions
HYSD.L and HYGB.L have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYSD.L tracks iShares Broad $ High Yield Corp Bond UCITS ETF, while HYGB.L tracks VanEck Emerging Markets High Yield Bond UCITS ETF. They also come from different issuers: iShares and VanEck.
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