PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IHYA.L vs. IHYU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IHYA.L vs. IHYU.L

Last updated Jun 5, 2026

IHYA.L (iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)) and IHYU.L (iShares USD High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds from iShares - IHYA.L tracks the Bloomberg US Corporate High Yield TR USD while IHYU.L tracks the Markit iBoxx USD Liquid High Yield Capped Index. Both are passively managed. Over the past 5 years, IHYA.L returned 3.99%/yr vs 3.96%/yr for IHYU.L. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.

Performance

IHYA.L vs. IHYU.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 USD High Yield Corporate Bond UCITS ETF (IHYU.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IHYA.L achieves a 1.10% return, which is significantly higher than IHYU.L's 0.95% 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*
—

IHYU.L

1D
0.01%
1M
0.04%
YTD
0.95%
6M
1.79%
1Y
6.97%
3Y*
8.28%
5Y*
3.96%
10Y*
5.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
IHYU.L
iShares USD High Yield Corporate Bond UCITS ETF		0.95%9.51%6.92%10.99%-9.03%3.92%4.74%12.99%-1.50%2.93%

Correlation

The correlation between IHYA.L and IHYU.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.83

Correlation (3Y)
Calculated over the trailing 3-year period

0.86

Correlation (5Y)
Calculated over the trailing 5-year period

0.91

Correlation (All Time)
Calculated using the full available price history since Apr 18, 2017

0.89

The correlation between IHYA.L and IHYU.L has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.

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

Sectors
IHYA.L
IHYU.L

Utilities

83.6%
83.6%

Real Estate

16.4%
16.4%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

IHYA.L
83.6%
IHYU.L
83.6%

Real Estate

IHYA.L
16.4%
IHYU.L
16.4%

Basic Materials

IHYA.L

-

IHYU.L

-

Communication Services

IHYA.L

-

IHYU.L

-

Consumer Cyclical

IHYA.L

-

IHYU.L

-

Consumer Defensive

IHYA.L

-

IHYU.L

-

Energy

IHYA.L

-

IHYU.L

-

Financial Services

IHYA.L

-

IHYU.L

-

Healthcare

IHYA.L

-

IHYU.L

-

Industrials

IHYA.L

-

IHYU.L

-

Technology

IHYA.L

-

IHYU.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)

iShares USD High Yield Corporate Bond UCITS ETF

Often compared with IHYA.L:
IHYA.L vs. HYGIHYA.L vs. XUHY.LIHYA.L vs. BRHYXIHYA.L vs. DHYA.LIHYA.L vs. SLXX.LIHYA.L vs. IS0R.DEIHYA.L vs. QQQ
Often compared with IHYU.L:
IHYU.L vs. HYGIHYU.L vs. GHYU.LIHYU.L vs. STHY.LIHYU.L vs. GFGB.LIHYU.L vs. GBHY.LIHYU.L vs. EMBIHYU.L vs. STHE.L

Return for Risk

IHYA.L vs. IHYU.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: 6161
Overall Rank
IHYA.L Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
IHYA.L Sortino Ratio Rank: 6767
Sortino Ratio Rank
IHYA.L Omega Ratio Rank: 6464
Omega Ratio Rank
IHYA.L Calmar Ratio Rank: 5050
Calmar Ratio Rank
IHYA.L Martin Ratio Rank: 6868
Martin Ratio Rank
IHYU.L
IHYU.L Risk / Return Rank: 6060
Overall Rank
IHYU.L Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
IHYU.L Sortino Ratio Rank: 6464
Sortino Ratio Rank
IHYU.L Omega Ratio Rank: 6262
Omega Ratio Rank
IHYU.L Calmar Ratio Rank: 5151
Calmar Ratio Rank
IHYU.L Martin Ratio Rank: 6666
Martin Ratio Rank
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. IHYU.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 USD High Yield Corporate Bond UCITS ETF (IHYU.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.LIHYU.LDifference
Sharpe ratioReturn per unit of total volatility
1.93
1.91

+0.02

Sortino ratioReturn per unit of downside risk
3.03
2.92

+0.11

Omega ratioGain probability vs. loss probability

1.38

1.37

+0.01

Calmar ratioReturn relative to maximum drawdown

2.45

2.49

-0.04

Martin ratioReturn relative to average drawdown

12.30

12.01

+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.

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

The current IHYA.L Sharpe Ratio is 1.93, which is comparable to the IHYU.L Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of IHYA.L and IHYU.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.

Loading charts...

Sharpe Ratios by Period

IHYA.LIHYU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.93

1.91

+0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.60

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.65

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.71

-0.15

Drawdowns

IHYA.L vs. IHYU.L - Drawdown Comparison

The maximum IHYA.L drawdown since its inception was -22.58%, roughly equal to the maximum IHYU.L drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for IHYA.L and IHYU.L.

Loading charts...

Drawdown Indicators

IHYA.LIHYU.LDifference

Max Drawdown

Largest peak-to-trough decline

-22.58%

-21.83%

-0.75%

Max Drawdown (1Y)

Largest decline over 1 year

-2.82%

-2.81%

-0.01%

Max Drawdown (3Y)

Largest decline over 3 years

-4.83%

-4.02%

-0.81%

Max Drawdown (5Y)

Largest decline over 5 years

-13.68%

-13.74%

+0.06%

Max Drawdown (10Y)

Largest decline over 10 years

—

-21.83%

—

Current Drawdown

Current decline from peak

-0.31%

-0.25%

-0.06%

Average Drawdown

Average peak-to-trough decline

-2.23%

-2.13%

-0.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.56%

0.58%

-0.02%

Volatility

IHYA.L vs. IHYU.L - Volatility Comparison

iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) has a higher volatility of 1.36% compared to iShares USD High Yield Corporate Bond UCITS ETF (IHYU.L) at 1.26%. This indicates that IHYA.L's price experiences larger fluctuations and is considered to be riskier than IHYU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IHYA.LIHYU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.36%

1.26%

+0.10%

Volatility (6M)

Calculated over the trailing 6-month period

2.87%

2.89%

-0.02%

Volatility (1Y)

Calculated over the trailing 1-year period

3.58%

3.66%

-0.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.81%

6.65%

+0.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.89%

7.77%

+0.12%

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

Both IHYA.L and IHYU.L have an expense ratio of 0.50%.

Dividends

IHYA.L vs. IHYU.L - Dividend Comparison

IHYA.L has not paid dividends to shareholders, while IHYU.L's dividend yield for the trailing twelve months is around 6.24%.

PositionTTM20252024202320222021202020192018201720162015
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%
IHYU.L
iShares USD High Yield Corporate Bond UCITS ETF		6.24%6.14%6.39%5.62%4.81%4.35%4.79%5.42%5.68%5.54%5.61%6.06%

Frequently Asked Questions

IHYA.L and IHYU.L have a correlation of 0.83, 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.

IHYA.L and IHYU.L have the same expense ratio: 0.50% per year.

IHYA.L tracks Bloomberg US Corporate High Yield TR USD, while IHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index.

Portfolio Optimizer

Find the right allocation for IHYA.L and IHYU.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