HYUS.L vs. BRHYX
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 8.96%/yr vs 9.42%/yr for BRHYX. A 0.64 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
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Returns By Period
In the year-to-date period, HYUS.L achieves a 1.44% return, which is significantly lower than BRHYX's 1.52% return.
HYUS.L
- 1D
- 0.00%
- 1M
- 0.85%
- YTD
- 1.44%
- 6M
- 2.06%
- 1Y
- 6.33%
- 3Y*
- 8.96%
- 5Y*
- —
- 10Y*
- —
BRHYX
- 1D
- 0.14%
- 1M
- 0.43%
- YTD
- 1.52%
- 6M
- 2.25%
- 1Y
- 6.95%
- 3Y*
- 9.42%
- 5Y*
- 4.35%
- 10Y*
- 6.05%
HYUS.L vs. BRHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 1.44% | 8.55% | 8.46% | 12.87% | -6.58% |
BRHYX BlackRock High Yield K | 1.52% | 9.44% | 8.65% | 13.26% | -7.77% |
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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.64 |
The correlation between HYUS.L and BRHYX has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.
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Return for Risk
HYUS.L vs. BRHYX — Risk / Return Rank
HYUS.L
BRHYX
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.
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.
| HYUS.L | BRHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.46 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 2.97 | +0.03 |
| Martin ratioReturn relative to average drawdown | 11.59 | 14.87 | -3.29 |
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Drawdowns
HYUS.L vs. BRHYX - Drawdown Comparison
The maximum HYUS.L drawdown since its inception was -11.00%, 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.L | BRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.00% | -34.77% | +23.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.10% | -2.40% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -5.23% | -4.07% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.20% | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.42% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -2.73% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.48% | +0.07% |
Volatility
HYUS.L vs. BRHYX - Volatility Comparison
iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) and BlackRock High Yield K (BRHYX) have volatilities of 0.92% and 0.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYUS.L | BRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.88% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 2.70% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.23% | 3.48% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.88% | 5.27% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.88% | 5.91% | +0.97% |
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 9.19%, more than BRHYX's 7.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRHYX BlackRock High Yield K | 7.18% | 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) | 9.19% | 7.38% | 7.53% | 6.31% | 1.53% | 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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