HYXF vs. V3GP.L
HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) and V3GP.L (Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing) are both exchange-traded funds - HYXF is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while V3GP.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR Hdg GBP. Both are passively managed. Over the past 5 years, HYXF returned 3.61%/yr vs -0.65%/yr for V3GP.L. A 0.50 correlation means they provide meaningful diversification when combined. HYXF charges 0.35%/yr vs 0.15%/yr for V3GP.L.
Performance
HYXF vs. V3GP.L - Performance Comparison
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Different Trading Currencies
HYXF is traded in USD, while V3GP.L is traded in GBP. To make them comparable, the V3GP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HYXF achieves a 1.06% return, which is significantly higher than V3GP.L's 0.19% return.
HYXF
- 1D
- -0.05%
- 1M
- 0.47%
- YTD
- 1.06%
- 6M
- 1.78%
- 1Y
- 5.83%
- 3Y*
- 8.51%
- 5Y*
- 3.61%
- 10Y*
- —
V3GP.L
- 1D
- 0.07%
- 1M
- 0.56%
- YTD
- 0.19%
- 6M
- 1.67%
- 1Y
- 3.16%
- 3Y*
- 7.60%
- 5Y*
- -0.65%
- 10Y*
- —
HYXF vs. V3GP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 1.06% | 8.88% | 8.35% | 11.87% | -11.90% | 3.01% |
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing | 0.19% | 14.30% | 1.77% | 13.22% | -23.61% | -3.18% |
Correlation
The correlation between HYXF and V3GP.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 20, 2021 | 0.50 |
The correlation between HYXF and V3GP.L has been stable across timeframes, ranging from 0.50 to 0.53 - a consistent structural relationship.
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Return for Risk
HYXF vs. V3GP.L — Risk / Return Rank
HYXF
V3GP.L
HYXF vs. V3GP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) and Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.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.
| HYXF | V3GP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.05 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 0.40 | +1.86 |
| Martin ratioReturn relative to average drawdown | 10.11 | 1.01 | +9.10 |
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Drawdowns
HYXF vs. V3GP.L - Drawdown Comparison
The maximum HYXF drawdown since its inception was -18.75%, smaller than the maximum V3GP.L drawdown of -37.55%. Use the drawdown chart below to compare losses from any high point for HYXF and V3GP.L.
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Drawdown Indicators
| HYXF | V3GP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -37.55% | +18.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -6.21% | +3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -11.40% | +6.59% |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | -37.45% | +21.45% |
Current DrawdownCurrent decline from peak | -0.13% | -3.66% | +3.53% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -14.41% | +11.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.49% | -1.92% |
Volatility
HYXF vs. V3GP.L - Volatility Comparison
The current volatility for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) is 1.26%, while Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.L) has a volatility of 2.69%. This indicates that HYXF experiences smaller price fluctuations and is considered to be less risky than V3GP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYXF | V3GP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 2.69% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 6.24% | -3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 8.58% | -4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 11.39% | -3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.31% | 11.34% | -3.03% |
HYXF vs. V3GP.L - Expense Ratio Comparison
HYXF has a 0.35% expense ratio, which is higher than V3GP.L's 0.15% expense ratio.
Dividends
HYXF vs. V3GP.L - Dividend Comparison
HYXF's dividend yield for the trailing twelve months is around 6.09%, more than V3GP.L's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.09% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% |
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing | 4.36% | 4.43% | 4.36% | 4.10% | 2.48% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYXF and V3GP.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3GP.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3GP.L is cheaper with a 0.15% expense ratio, compared with 0.35% for HYXF.
HYXF is categorized as High Yield Bonds, while V3GP.L is Global Corporate Bonds. HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while V3GP.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.35% for HYXF and 0.15% for V3GP.L.
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