IGHY.L vs. HYEA.L
IGHY.L (iShares Global High Yield Corporate Bond UCITS ETF) and HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds from iShares tracking the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, IGHY.L returned -0.88%/yr vs 4.10%/yr for HYEA.L. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.
Performance
IGHY.L vs. HYEA.L - Performance Comparison
Loading charts...
Different Trading Currencies
IGHY.L is traded in GBP, while HYEA.L is traded in EUR. To make them comparable, the HYEA.L 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 HYEA.L's 1.00% 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%
HYEA.L
- 1D
- 0.16%
- 1M
- 1.14%
- YTD
- 1.00%
- 6M
- 0.98%
- 1Y
- 7.10%
- 3Y*
- 6.25%
- 5Y*
- 4.10%
- 10Y*
- —
IGHY.L vs. HYEA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | -2.13% | 1.20% | -1.38% | 1.98% | -5.02% | -3.21% | -0.41% | 3.09% | -2.90% | -2.77% |
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 1.00% | 6.97% | 4.26% | 7.03% | -1.62% | 1.84% | 3.80% | 7.67% | 1.71% | -2.70% |
Correlation
The correlation between IGHY.L and HYEA.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 | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2017 | 0.82 |
The correlation between IGHY.L and HYEA.L shifts across timeframes, from 0.67 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGHY.L vs. HYEA.L — Risk / Return Rank
IGHY.L
HYEA.L
IGHY.L vs. HYEA.L - 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 iShares Global High Yield Corporate Bond UCITS ETF (HYEA.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.
| IGHY.L | HYEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.30 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 3.10 | -2.85 |
| Martin ratioReturn relative to average drawdown | 0.64 | 8.60 | -7.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IGHY.L | HYEA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 1.60 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.63 | -0.76 |
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 | 0.43 | -0.62 |
Drawdowns
IGHY.L vs. HYEA.L - Drawdown Comparison
The maximum IGHY.L drawdown since its inception was -38.62%, which is greater than HYEA.L's maximum drawdown of -16.98%. Use the drawdown chart below to compare losses from any high point for IGHY.L and HYEA.L.
Loading charts...
Drawdown Indicators
| IGHY.L | HYEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -16.98% | -21.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -2.28% | -2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -6.33% | -4.27% | -2.06% |
Max Drawdown (5Y)Largest decline over 5 years | -11.28% | -9.31% | -1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -20.95% | — | — |
Current DrawdownCurrent decline from peak | -29.35% | -0.21% | -29.14% |
Average DrawdownAverage peak-to-trough decline | -27.58% | -2.62% | -24.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 0.82% | +1.18% |
Volatility
IGHY.L vs. HYEA.L - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) is 1.33%, while iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) has a volatility of 1.47%. This indicates that IGHY.L experiences smaller price fluctuations and is considered to be less risky than HYEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGHY.L | HYEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.47% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 3.30% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.24% | 4.43% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.25% | 6.47% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.12% | 8.00% | +1.12% |
IGHY.L vs. HYEA.L - Expense Ratio Comparison
Both IGHY.L and HYEA.L have an expense ratio of 0.50%.
Dividends
IGHY.L vs. HYEA.L - Dividend Comparison
IGHY.L's dividend yield for the trailing twelve months is around 0.06%, while HYEA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 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 HYEA.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.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IGHY.L and HYEA.L have the same expense ratio: 0.50% per year.
Both ETFs track ICE BofA Gbl HY Constnd TR USD.
Find the right allocation for IGHY.L and HYEA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer