HYUS.L vs. IHYA.L

Last updated Jun 5, 2026

HYUS.L (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) and IHYA.L (iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)) are both High Yield Bonds funds from iShares tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 3 years, HYUS.L returned 8.87%/yr vs 8.29%/yr for IHYA.L. Their correlation of 0.81 suggests significant overlap in exposure. HYUS.L charges 0.20%/yr vs 0.50%/yr for IHYA.L.

Performance

HYUS.L vs. IHYA.L - 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 iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYUS.L achieves a 1.22% return, which is significantly higher than IHYA.L's 1.10% return.

HYUS.L

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

IHYA.L

• 1D: 0.09%
• 1M: 0.19%
• YTD: 1.10%
• 6M: 1.75%
• 1Y: 6.94%
• 3Y*: 8.29%
• 5Y*: 3.99%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYUS.L vs. IHYA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)	1.22%	8.62%	8.28%	12.85%	-5.88%
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)	1.10%	9.49%	6.98%	10.64%	-3.69%

Correlation

The correlation between HYUS.L and IHYA.L is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022	0.81

The correlation between HYUS.L and IHYA.L shifts across timeframes, from 0.67 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

HYUS.L vs. IHYA.L - Sectors Allocation Comparison

Sectors	HYUS.L	IHYA.L
Real Estate	100.0%	16.4%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	83.6%

Return for Risk

HYUS.L vs. IHYA.L — 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: 61
HYUS.L Sharpe Ratio Rank: 54
HYUS.L Sortino Ratio Rank: 62
HYUS.L Omega Ratio Rank: 57
HYUS.L Calmar Ratio Rank: 62
HYUS.L Martin Ratio Rank: 68

IHYA.L

IHYA.L Risk / Return Rank: 61
IHYA.L Sharpe Ratio Rank: 58
IHYA.L Sortino Ratio Rank: 67
IHYA.L Omega Ratio Rank: 64
IHYA.L Calmar Ratio Rank: 50
IHYA.L Martin Ratio Rank: 68

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. IHYA.L - 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 iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.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.

	HYUS.L	IHYA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.93	-0.10
Sortino ratio: Return per unit of downside risk	2.84	3.03	-0.19
Omega ratio: Gain probability vs. loss probability	1.35	1.38	-0.03
Calmar ratio: Return relative to maximum drawdown	3.01	2.45	+0.56
Martin ratio: Return relative to average drawdown	12.39	12.30	+0.09
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. IHYA.L - Sharpe Ratio Comparison

The current HYUS.L Sharpe Ratio is 1.84, which is comparable to the IHYA.L Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of HYUS.L and IHYA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYUS.L	IHYA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	1.93	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.56	+0.31

Drawdowns

HYUS.L vs. IHYA.L - Drawdown Comparison

The maximum HYUS.L drawdown since its inception was -10.49%, smaller than the maximum IHYA.L drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for HYUS.L and IHYA.L.

Drawdown Indicators

	HYUS.L	IHYA.L	Difference
Max Drawdown Largest peak-to-trough decline	-10.49%	-22.58%	+12.09%
Max Drawdown (1Y) Largest decline over 1 year	-2.29%	-2.82%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-5.06%	-4.83%	-0.23%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.68%	—
Current Drawdown Current decline from peak	-0.13%	-0.31%	+0.18%
Average Drawdown Average peak-to-trough decline	-1.67%	-2.23%	+0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	0.56%	0.00%

Volatility

HYUS.L vs. IHYA.L - Volatility Comparison

iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) and iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) have volatilities of 1.39% and 1.36%, 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.

Volatility by Period

	HYUS.L	IHYA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.39%	1.36%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	2.95%	2.87%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	3.75%	3.58%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.69%	6.81%	-0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.69%	7.89%	-1.20%

HYUS.L vs. IHYA.L - Expense Ratio Comparison

HYUS.L has a 0.20% expense ratio, which is lower than IHYA.L's 0.50% expense ratio.

Dividends

HYUS.L vs. IHYA.L - Dividend Comparison

HYUS.L's dividend yield for the trailing twelve months is around 9.21%, while IHYA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)	9.21%	7.38%	7.54%	6.30%	1.52%
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HYUS.L and IHYA.L in my portfolio?

HYUS.L and IHYA.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HYUS.L or IHYA.L?

On fees, HYUS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYUS.L or IHYA.L?

HYUS.L is cheaper with a 0.20% expense ratio, compared with 0.50% for IHYA.L.

What is the main difference between HYUS.L and IHYA.L?

Both ETFs track Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.20% for HYUS.L and 0.50% for IHYA.L.