IHY vs. USFR.L
Compare and contrast key facts about VanEck Vectors International High Yield Bond ETF (IHY) and WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.L).
IHY and USFR.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IHY is a passively managed fund by VanEck that tracks the performance of the Bank of America Merrill Lynch Global Ex-‐US Issuers High Yield Constrained Index. It was launched on Apr 2, 2012. USFR.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg US Government TR USD. It was launched on Mar 21, 2019. Both IHY and USFR.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IHY vs. USFR.L - Performance Comparison
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IHY vs. USFR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IHY VanEck Vectors International High Yield Bond ETF | -1.31% | 13.39% | 3.55% | 12.11% | -14.34% | -3.09% |
USFR.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD | 0.92% | 4.13% | 5.41% | 5.06% | 1.91% | -0.13% |
Returns By Period
In the year-to-date period, IHY achieves a -1.31% return, which is significantly lower than USFR.L's 0.92% return.
IHY
- 1D
- 0.36%
- 1M
- -1.93%
- YTD
- -1.31%
- 6M
- -0.10%
- 1Y
- 8.29%
- 3Y*
- 8.02%
- 5Y*
- 1.78%
- 10Y*
- 4.15%
USFR.L
- 1D
- 0.00%
- 1M
- 0.47%
- YTD
- 0.92%
- 6M
- 1.72%
- 1Y
- 4.13%
- 3Y*
- 4.78%
- 5Y*
- —
- 10Y*
- —
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IHY vs. USFR.L - Expense Ratio Comparison
IHY has a 0.40% expense ratio, which is higher than USFR.L's 0.15% expense ratio.
Return for Risk
IHY vs. USFR.L — Risk / Return Rank
IHY
USFR.L
IHY vs. USFR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors International High Yield Bond ETF (IHY) and WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.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.
| IHY | USFR.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 2.36 | -1.04 |
Sortino ratioReturn per unit of downside risk | 1.89 | 3.59 | -1.70 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.66 | -0.40 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 4.61 | -2.83 |
Martin ratioReturn relative to average drawdown | 6.77 | 35.24 | -28.47 |
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
| IHY | USFR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 2.36 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 3.01 | -2.49 |
Correlation
The correlation between IHY and USFR.L is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IHY vs. USFR.L - Dividend Comparison
IHY's dividend yield for the trailing twelve months is around 5.65%, more than USFR.L's 5.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHY VanEck Vectors International High Yield Bond ETF | 5.65% | 5.31% | 5.60% | 5.26% | 4.97% | 4.55% | 4.65% | 4.86% | 4.70% | 4.36% | 5.11% | 5.79% |
USFR.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD | 5.08% | 4.32% | 5.24% | 4.58% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IHY vs. USFR.L - Drawdown Comparison
The maximum IHY drawdown since its inception was -27.63%, which is greater than USFR.L's maximum drawdown of -0.89%. Use the drawdown chart below to compare losses from any high point for IHY and USFR.L.
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Drawdown Indicators
| IHY | USFR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.63% | -0.89% | -26.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -0.89% | -3.86% |
Max Drawdown (5Y)Largest decline over 5 years | -27.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.63% | — | — |
Current DrawdownCurrent decline from peak | -3.33% | 0.00% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -0.06% | -5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 0.12% | +1.13% |
Volatility
IHY vs. USFR.L - Volatility Comparison
VanEck Vectors International High Yield Bond ETF (IHY) has a higher volatility of 2.51% compared to WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.L) at 0.31%. This indicates that IHY's price experiences larger fluctuations and is considered to be riskier than USFR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHY | USFR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 0.31% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 0.73% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.31% | 1.69% | +4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.74% | 1.58% | +6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.72% | 1.58% | +6.14% |