IHYA.L vs. BRHYX
IHYA.L (iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)) and BRHYX (BlackRock High Yield K) are both High Yield Bonds funds. Over the past 5 years, IHYA.L returned 3.99%/yr vs 4.49%/yr for BRHYX. A 0.70 correlation means they provide meaningful diversification when combined. IHYA.L charges 0.50%/yr vs 0.48%/yr for BRHYX.
Performance
IHYA.L vs. BRHYX - Performance Comparison
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Returns By Period
In the year-to-date period, IHYA.L achieves a 1.10% return, which is significantly lower than BRHYX's 1.66% return.
IHYA.L
- 1D
- 0.09%
- 1M
- -0.11%
- YTD
- 1.10%
- 6M
- 1.70%
- 1Y
- 6.95%
- 3Y*
- 8.29%
- 5Y*
- 3.99%
- 10Y*
- —
BRHYX
- 1D
- 0.00%
- 1M
- 0.15%
- YTD
- 1.66%
- 6M
- 2.35%
- 1Y
- 7.85%
- 3Y*
- 9.37%
- 5Y*
- 4.49%
- 10Y*
- 5.95%
IHYA.L vs. BRHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) | 1.10% | 9.49% | 6.98% | 10.64% | -8.87% | 3.72% | 5.07% | 12.63% | -1.30% | 2.90% |
BRHYX BlackRock High Yield K | 1.66% | 9.44% | 8.65% | 13.26% | -11.18% | 5.47% | 5.98% | 15.65% | -2.67% | 5.37% |
Correlation
The correlation between IHYA.L and BRHYX is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2017 | 0.70 |
The correlation between IHYA.L and BRHYX has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.
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Return for Risk
IHYA.L vs. BRHYX — Risk / Return Rank
IHYA.L
BRHYX
IHYA.L vs. BRHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) and BlackRock High Yield K (BRHYX). 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.
| IHYA.L | BRHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.53 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 3.28 | -0.83 |
| Martin ratioReturn relative to average drawdown | 12.30 | 16.68 | -4.38 |
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
| IHYA.L | BRHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 2.29 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.86 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.23 | -0.67 |
Drawdowns
IHYA.L vs. BRHYX - Drawdown Comparison
The maximum IHYA.L drawdown since its inception was -22.58%, smaller than the maximum BRHYX drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for IHYA.L and BRHYX.
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Drawdown Indicators
| IHYA.L | BRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.58% | -34.77% | +12.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -2.40% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -4.83% | -4.07% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -13.68% | -15.29% | +1.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.20% | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.14% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -2.73% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.47% | +0.09% |
Volatility
IHYA.L vs. BRHYX - Volatility Comparison
iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) has a higher volatility of 1.36% compared to BlackRock High Yield K (BRHYX) at 1.05%. This indicates that IHYA.L's price experiences larger fluctuations and is considered to be riskier than BRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHYA.L | BRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.05% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 2.66% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 3.45% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.81% | 5.27% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.89% | 5.93% | +1.96% |
IHYA.L vs. BRHYX - Expense Ratio Comparison
IHYA.L has a 0.50% expense ratio, which is higher than BRHYX's 0.48% expense ratio.
Dividends
IHYA.L vs. BRHYX - Dividend Comparison
IHYA.L has not paid dividends to shareholders, while BRHYX's dividend yield for the trailing twelve months is around 7.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRHYX BlackRock High Yield K | 7.17% | 7.14% | 7.56% | 6.20% | 4.98% | 4.80% | 5.22% | 5.82% | 6.48% | 5.92% | 6.03% | 6.42% |
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (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% |
Frequently Asked Questions
IHYA.L and BRHYX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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