IGHY.L vs. EMXC.DE
IGHY.L (iShares Global High Yield Corporate Bond UCITS ETF) and EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) are both exchange-traded funds - IGHY.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD, while EMXC.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, IGHY.L returned -0.88%/yr vs 13.82%/yr for EMXC.DE. At a 0.36 correlation, their price movements are largely independent. IGHY.L charges 0.50%/yr vs 0.15%/yr for EMXC.DE.
Performance
IGHY.L vs. EMXC.DE - Performance Comparison
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Different Trading Currencies
IGHY.L is traded in GBP, while EMXC.DE is traded in EUR. To make them comparable, the EMXC.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGHY.L achieves a -2.13% return, which is significantly lower than EMXC.DE's 39.13% return.
IGHY.L
- 1D
- 0.16%
- 1M
- 1.11%
- YTD
- -2.13%
- 6M
- -1.93%
- 1Y
- 1.29%
- 3Y*
- 0.50%
- 5Y*
- -0.88%
- 10Y*
- 0.37%
EMXC.DE
- 1D
- -1.68%
- 1M
- 8.63%
- YTD
- 39.13%
- 6M
- 42.75%
- 1Y
- 73.58%
- 3Y*
- 25.23%
- 5Y*
- 13.82%
- 10Y*
- —
IGHY.L vs. EMXC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | -2.13% | 1.20% | -1.38% | 1.98% | -5.02% | -3.21% | -0.41% | -4.76% |
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 39.13% | 26.16% | 4.37% | 12.04% | -8.87% | 9.27% | 8.05% | 0.75% |
Correlation
The correlation between IGHY.L and EMXC.DE is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2019 | 0.36 |
Over the past year, the correlation between IGHY.L and EMXC.DE has dropped to 0.09 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
IGHY.L vs. EMXC.DE — Risk / Return Rank
IGHY.L
EMXC.DE
IGHY.L vs. EMXC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) and Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE). 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.
| IGHY.L | EMXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.61 | ||
| Sortino ratioReturn per unit of downside risk | -4.43 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.69 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 6.10 | -5.85 |
| Martin ratioReturn relative to average drawdown | 0.64 | 22.65 | -22.00 |
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
| IGHY.L | EMXC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 3.82 | -3.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.88 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.68 | -0.87 |
Drawdowns
IGHY.L vs. EMXC.DE - Drawdown Comparison
The maximum IGHY.L drawdown since its inception was -38.62%, which is greater than EMXC.DE's maximum drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for IGHY.L and EMXC.DE.
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Drawdown Indicators
| IGHY.L | EMXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -33.25% | -5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -12.00% | +6.84% |
Max Drawdown (3Y)Largest decline over 3 years | -6.33% | -19.48% | +13.15% |
Max Drawdown (5Y)Largest decline over 5 years | -11.28% | -19.48% | +8.20% |
Max Drawdown (10Y)Largest decline over 10 years | -20.95% | — | — |
Current DrawdownCurrent decline from peak | -29.35% | -2.33% | -27.02% |
Average DrawdownAverage peak-to-trough decline | -27.58% | -5.71% | -21.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 3.24% | -1.24% |
Volatility
IGHY.L vs. EMXC.DE - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) is 1.33%, while Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a volatility of 8.29%. This indicates that IGHY.L experiences smaller price fluctuations and is considered to be less risky than EMXC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGHY.L | EMXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 8.29% | -6.96% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 16.87% | -11.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.24% | 19.17% | -12.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.25% | 15.48% | -8.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.12% | 17.85% | -8.73% |
IGHY.L vs. EMXC.DE - Expense Ratio Comparison
IGHY.L has a 0.50% expense ratio, which is higher than EMXC.DE's 0.15% expense ratio.
Dividends
IGHY.L vs. EMXC.DE - Dividend Comparison
IGHY.L's dividend yield for the trailing twelve months is around 0.06%, while EMXC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | 0.06% | 0.05% | 0.05% | 0.05% | 0.04% | 0.04% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Frequently Asked Questions
IGHY.L and EMXC.DE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMXC.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMXC.DE is cheaper with a 0.15% expense ratio, compared with 0.50% for IGHY.L.
IGHY.L is categorized as High Yield Bonds, while EMXC.DE is Emerging Markets Equities. IGHY.L tracks ICE BofA Gbl HY Constnd TR USD, while EMXC.DE tracks MSCI EM NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.50% for IGHY.L and 0.15% for EMXC.DE.
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