IHYA.L vs. HYUS.L

Last updated Jun 5, 2026

IHYA.L (iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)) and HYUS.L (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) are both High Yield Bonds funds from iShares tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 3 years, IHYA.L returned 8.29%/yr vs 8.87%/yr for HYUS.L. Their correlation of 0.81 suggests significant overlap in exposure. IHYA.L charges 0.50%/yr vs 0.20%/yr for HYUS.L.

Performance

IHYA.L vs. HYUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) and iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IHYA.L achieves a 1.10% return, which is significantly lower than HYUS.L's 1.22% 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*: —

HYUS.L

• 1D: -0.00%
• 1M: 0.03%
• YTD: 1.22%
• 6M: 2.05%
• 1Y: 6.87%
• 3Y*: 8.87%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IHYA.L vs. HYUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)	1.10%	9.49%	6.98%	10.64%	-3.69%
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)	1.22%	8.62%	8.28%	12.85%	-5.88%

Correlation

The correlation between IHYA.L and HYUS.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	0.78
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022	0.81

The correlation between IHYA.L and HYUS.L shifts across timeframes, from 0.67 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

IHYA.L vs. HYUS.L - Sectors Allocation Comparison

Sectors	IHYA.L	HYUS.L
Utilities	83.6%	-
Real Estate	16.4%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-

Return for Risk

IHYA.L vs. HYUS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IHYA.L

IHYA.L Risk / Return Rank: 61
IHYA.L Sharpe Ratio Rank: 58
IHYA.L Sortino Ratio Rank: 67
IHYA.L Omega Ratio Rank: 64
IHYA.L Calmar Ratio Rank: 50
IHYA.L Martin Ratio Rank: 68

HYUS.L

HYUS.L Risk / Return Rank: 61
HYUS.L Sharpe Ratio Rank: 54
HYUS.L Sortino Ratio Rank: 62
HYUS.L Omega Ratio Rank: 57
HYUS.L Calmar Ratio Rank: 62
HYUS.L Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IHYA.L vs. HYUS.L - 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 iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.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.

	IHYA.L	HYUS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.84	+0.10
Sortino ratio: Return per unit of downside risk	3.03	2.84	+0.19
Omega ratio: Gain probability vs. loss probability	1.38	1.35	+0.03
Calmar ratio: Return relative to maximum drawdown	2.45	3.01	-0.56
Martin ratio: Return relative to average drawdown	12.30	12.39	-0.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IHYA.L vs. HYUS.L - Sharpe Ratio Comparison

The current IHYA.L Sharpe Ratio is 1.93, which is comparable to the HYUS.L Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of IHYA.L and HYUS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IHYA.L	HYUS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	1.84	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.87	-0.31

Drawdowns

IHYA.L vs. HYUS.L - Drawdown Comparison

The maximum IHYA.L drawdown since its inception was -22.58%, which is greater than HYUS.L's maximum drawdown of -10.49%. Use the drawdown chart below to compare losses from any high point for IHYA.L and HYUS.L.

Drawdown Indicators

	IHYA.L	HYUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.58%	-10.49%	-12.09%
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	-2.29%	-0.53%
Max Drawdown (3Y) Largest decline over 3 years	-4.83%	-5.06%	+0.23%
Max Drawdown (5Y) Largest decline over 5 years	-13.68%	—	—
Current Drawdown Current decline from peak	-0.31%	-0.13%	-0.18%
Average Drawdown Average peak-to-trough decline	-2.23%	-1.67%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	0.56%	0.00%

Volatility

IHYA.L vs. HYUS.L - Volatility Comparison

iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) and iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) have volatilities of 1.36% and 1.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IHYA.L	HYUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	1.39%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	2.87%	2.95%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	3.58%	3.75%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.81%	6.69%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.89%	6.69%	+1.20%

IHYA.L vs. HYUS.L - Expense Ratio Comparison

IHYA.L has a 0.50% expense ratio, which is higher than HYUS.L's 0.20% expense ratio.

Dividends

IHYA.L vs. HYUS.L - Dividend Comparison

IHYA.L has not paid dividends to shareholders, while HYUS.L's dividend yield for the trailing twelve months is around 9.21%.

Position	TTM	2025	2024	2023	2022
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)	9.21%	7.38%	7.54%	6.30%	1.52%
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IHYA.L and HYUS.L in my portfolio?

IHYA.L and HYUS.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.

Which ETF is better, IHYA.L or HYUS.L?

On fees, HYUS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IHYA.L or HYUS.L?

HYUS.L is cheaper with a 0.20% expense ratio, compared with 0.50% for IHYA.L.

What is the main difference between IHYA.L and HYUS.L?

Both ETFs track Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.50% for IHYA.L and 0.20% for HYUS.L.