HYUS.L vs. UHYC.L
HYUS.L (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) and UHYC.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Acc) are both High Yield Bonds funds tracking the Bloomberg US Corporate High Yield TR USD, from iShares and Amundi respectively. Both are passively managed. Over the past 3 years, HYUS.L returned 8.87%/yr vs 8.55%/yr for UHYC.L. Their correlation of 0.81 suggests significant overlap in exposure. HYUS.L charges 0.20%/yr vs 0.25%/yr for UHYC.L.
Performance
HYUS.L vs. UHYC.L - Performance Comparison
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Returns By Period
In the year-to-date period, HYUS.L achieves a 1.22% return, which is significantly higher than UHYC.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*
- —
UHYC.L
- 1D
- -0.03%
- 1M
- 0.35%
- YTD
- 1.10%
- 6M
- 1.65%
- 1Y
- 6.71%
- 3Y*
- 8.55%
- 5Y*
- —
- 10Y*
- —
HYUS.L vs. UHYC.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% | 1.30% |
UHYC.L Lyxor ESG USD High Yield (DR) UCITS ETF - Acc | 1.10% | 8.84% | 7.95% | 12.03% | 0.80% |
Correlation
The correlation between HYUS.L and UHYC.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.81 |
The correlation between HYUS.L and UHYC.L has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.
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Return for Risk
HYUS.L vs. UHYC.L — Risk / Return Rank
HYUS.L
UHYC.L
HYUS.L vs. UHYC.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 Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.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 | UHYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 2.43 | +0.58 |
| Martin ratioReturn relative to average drawdown | 12.39 | 10.62 | +1.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYUS.L | UHYC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 1.83 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 1.16 | -0.29 |
Drawdowns
HYUS.L vs. UHYC.L - Drawdown Comparison
The maximum HYUS.L drawdown since its inception was -10.49%, which is greater than UHYC.L's maximum drawdown of -9.25%. Use the drawdown chart below to compare losses from any high point for HYUS.L and UHYC.L.
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Drawdown Indicators
| HYUS.L | UHYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.49% | -9.25% | -1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.29% | -2.75% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -5.06% | -4.88% | -0.18% |
Current DrawdownCurrent decline from peak | -0.13% | -0.12% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -1.20% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.63% | -0.07% |
Volatility
HYUS.L vs. UHYC.L - Volatility Comparison
iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) and Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.L) have volatilities of 1.39% and 1.34%, 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 | UHYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.34% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 2.86% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 3.66% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.69% | 6.76% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.69% | 6.76% | -0.07% |
HYUS.L vs. UHYC.L - Expense Ratio Comparison
HYUS.L has a 0.20% expense ratio, which is lower than UHYC.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
HYUS.L vs. UHYC.L - Dividend Comparison
HYUS.L's dividend yield for the trailing twelve months is around 9.21%, while UHYC.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% |
UHYC.L Lyxor ESG USD High Yield (DR) UCITS ETF - Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYUS.L and UHYC.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
HYUS.L is cheaper with a 0.20% expense ratio, compared with 0.25% for UHYC.L.
Both ETFs track Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for HYUS.L and 0.25% for UHYC.L.
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