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HYUS.L vs. BRHYX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HYUS.L vs. BRHYX

Last updated Jun 5, 2026

HYUS.L (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) and BRHYX (BlackRock High Yield K) are both High Yield Bonds funds. Over the past 3 years, HYUS.L returned 8.87%/yr vs 9.37%/yr for BRHYX. A 0.67 correlation means they provide meaningful diversification when combined. HYUS.L charges 0.20%/yr vs 0.48%/yr for BRHYX.

Performance

HYUS.L vs. BRHYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) and BlackRock High Yield K (BRHYX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HYUS.L achieves a 1.22% return, which is significantly lower than BRHYX's 1.66% return.

HYUS.L

1D
-0.00%
1M
0.51%
YTD
1.22%
6M
2.18%
1Y
6.91%
3Y*
8.87%
5Y*
—
10Y*
—

BRHYX

1D
-0.14%
1M
0.43%
YTD
1.66%
6M
2.35%
1Y
7.85%
3Y*
9.37%
5Y*
4.49%
10Y*
5.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HYUS.L vs. BRHYX - Yearly Performance Comparison

2026 (YTD)2025202420232022
HYUS.L
iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)		1.22%8.62%8.28%12.85%-5.88%
BRHYX
BlackRock High Yield K		1.66%9.44%8.65%13.26%-6.51%

Correlation

The correlation between HYUS.L and BRHYX is 0.60, 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

0.60

Correlation (3Y)
Calculated over the trailing 3-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Apr 8, 2022

0.67

The correlation between HYUS.L and BRHYX has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)

BlackRock High Yield K

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Often compared with BRHYX:
BRHYX vs. VFIAXBRHYX vs. VWEAXBRHYX vs. VBILXBRHYX vs. USHYBRHYX vs. FXNAXBRHYX vs. IHYA.LBRHYX vs. IVV

Return for Risk

HYUS.L vs. BRHYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HYUS.L
HYUS.L Risk / Return Rank: 6161
Overall Rank
HYUS.L Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
HYUS.L Sortino Ratio Rank: 6262
Sortino Ratio Rank
HYUS.L Omega Ratio Rank: 5757
Omega Ratio Rank
HYUS.L Calmar Ratio Rank: 6262
Calmar Ratio Rank
HYUS.L Martin Ratio Rank: 6868
Martin Ratio Rank
BRHYX
BRHYX Risk / Return Rank: 7878
Overall Rank
BRHYX Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
BRHYX Sortino Ratio Rank: 8585
Sortino Ratio Rank
BRHYX Omega Ratio Rank: 8181
Omega Ratio Rank
BRHYX Calmar Ratio Rank: 7575
Calmar Ratio Rank
BRHYX Martin Ratio Rank: 8888
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYUS.L vs. BRHYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) and BlackRock High Yield K (BRHYX). 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.

HYUS.LBRHYXDifference
Sharpe ratioReturn per unit of total volatility
1.84
2.33

-0.49

Sortino ratioReturn per unit of downside risk
2.84
4.08

-1.24

Omega ratioGain probability vs. loss probability

1.35

1.54

-0.20

Calmar ratioReturn relative to maximum drawdown

3.01

3.35

-0.34

Martin ratioReturn relative to average drawdown

12.39

17.00

-4.62

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYUS.L vs. BRHYX - Sharpe Ratio Comparison

The current HYUS.L Sharpe Ratio is 1.84, which is comparable to the BRHYX Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of HYUS.L and BRHYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HYUS.LBRHYXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.84

2.33

-0.49

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.86

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.01

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.87

1.23

-0.36

Drawdowns

HYUS.L vs. BRHYX - Drawdown Comparison

The maximum HYUS.L drawdown since its inception was -10.49%, smaller than the maximum BRHYX drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for HYUS.L and BRHYX.

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Drawdown Indicators

HYUS.LBRHYXDifference

Max Drawdown

Largest peak-to-trough decline

-10.49%

-34.77%

+24.28%

Max Drawdown (1Y)

Largest decline over 1 year

-2.29%

-2.40%

+0.11%

Max Drawdown (3Y)

Largest decline over 3 years

-5.06%

-4.07%

-0.99%

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.29%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-23.20%

—

Current Drawdown

Current decline from peak

-0.13%

-0.14%

+0.01%

Average Drawdown

Average peak-to-trough decline

-1.67%

-2.73%

+1.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.56%

0.47%

+0.09%

Volatility

HYUS.L vs. BRHYX - Volatility Comparison

iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) has a higher volatility of 1.39% compared to BlackRock High Yield K (BRHYX) at 1.05%. This indicates that HYUS.L's price experiences larger fluctuations and is considered to be riskier than BRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HYUS.LBRHYXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.39%

1.05%

+0.34%

Volatility (6M)

Calculated over the trailing 6-month period

2.95%

2.66%

+0.29%

Volatility (1Y)

Calculated over the trailing 1-year period

3.75%

3.45%

+0.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.69%

5.27%

+1.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.69%

5.93%

+0.76%

HYUS.L vs. BRHYX - Expense Ratio Comparison

HYUS.L has a 0.20% expense ratio, which is lower than BRHYX's 0.48% expense ratio.

Dividends

HYUS.L vs. BRHYX - Dividend Comparison

HYUS.L's dividend yield for the trailing twelve months is around 9.21%, more than BRHYX's 7.17% yield.

PositionTTM20252024202320222021202020192018201720162015
BRHYX
BlackRock High Yield K		7.17%7.14%7.56%6.20%4.98%4.80%5.22%5.82%6.48%5.92%6.03%6.42%
HYUS.L
iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)		9.21%7.38%7.54%6.30%1.52%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HYUS.L and BRHYX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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