IGHY.L vs. UHYG.L
IGHY.L (iShares Global High Yield Corporate Bond UCITS ETF) and UHYG.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Dist) are both High Yield Bonds funds - IGHY.L tracks the ICE BofA Gbl HY Constnd TR USD while UHYG.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, IGHY.L returned -0.88%/yr vs 3.52%/yr for UHYG.L. Their correlation of 0.84 suggests significant overlap in exposure. IGHY.L charges 0.50%/yr vs 0.25%/yr for UHYG.L.
Performance
IGHY.L vs. UHYG.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGHY.L achieves a -2.13% return, which is significantly lower than UHYG.L's 1.45% 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%
UHYG.L
- 1D
- 0.14%
- 1M
- 1.40%
- YTD
- 1.45%
- 6M
- -4.48%
- 1Y
- 1.72%
- 3Y*
- 3.77%
- 5Y*
- 3.52%
- 10Y*
- —
IGHY.L vs. UHYG.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% | -4.78% |
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist | 1.45% | -4.28% | 9.74% | 5.64% | -1.68% | 4.50% | 2.15% | 9.58% | 3.46% | -2.77% |
Correlation
The correlation between IGHY.L and UHYG.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2016 | 0.84 |
The correlation between IGHY.L and UHYG.L shifts across timeframes, from 0.68 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IGHY.L vs. UHYG.L — Risk / Return Rank
IGHY.L
UHYG.L
IGHY.L vs. UHYG.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 Lyxor ESG USD High Yield (DR) UCITS ETF - Dist (UHYG.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 | UHYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.05 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 0.19 | +0.06 |
| Martin ratioReturn relative to average drawdown | 0.64 | 0.36 | +0.29 |
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 | UHYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 0.22 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.41 | -0.53 |
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 | 0.30 | -0.49 |
Drawdowns
IGHY.L vs. UHYG.L - Drawdown Comparison
The maximum IGHY.L drawdown since its inception was -38.62%, which is greater than UHYG.L's maximum drawdown of -15.35%. Use the drawdown chart below to compare losses from any high point for IGHY.L and UHYG.L.
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Drawdown Indicators
| IGHY.L | UHYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -15.35% | -23.27% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -8.88% | +3.72% |
Max Drawdown (3Y)Largest decline over 3 years | -6.33% | -9.53% | +3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -11.28% | -10.48% | -0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -20.95% | — | — |
Current DrawdownCurrent decline from peak | -29.35% | -6.21% | -23.14% |
Average DrawdownAverage peak-to-trough decline | -27.58% | -4.22% | -23.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 4.79% | -2.79% |
Volatility
IGHY.L vs. UHYG.L - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) is 1.33%, while Lyxor ESG USD High Yield (DR) UCITS ETF - Dist (UHYG.L) has a volatility of 1.41%. This indicates that IGHY.L experiences smaller price fluctuations and is considered to be less risky than UHYG.L 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 | UHYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.41% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 7.01% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.24% | 7.94% | -1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.25% | 8.70% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.12% | 9.50% | -0.38% |
IGHY.L vs. UHYG.L - Expense Ratio Comparison
IGHY.L has a 0.50% expense ratio, which is higher than UHYG.L's 0.25% expense ratio.
Dividends
IGHY.L vs. UHYG.L - Dividend Comparison
IGHY.L's dividend yield for the trailing twelve months is around 0.06%, while UHYG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist | 0.00% | 0.00% | 3.44% | 6.00% | 5.93% | 6.98% | 6.98% | 6.59% | 5.42% | 4.11% | 0.00% | 0.00% |
Frequently Asked Questions
IGHY.L and UHYG.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UHYG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UHYG.L is cheaper with a 0.25% expense ratio, compared with 0.50% for IGHY.L.
IGHY.L tracks ICE BofA Gbl HY Constnd TR USD, while UHYG.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.50% for IGHY.L and 0.25% for UHYG.L.
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