IHYA.L vs. UHYC.L
IHYA.L (iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)) and UHYC.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Acc) are both High Yield Bonds funds tracking the Bloomberg US Corporate High Yield TR USD, from iShares and Amundi respectively. Both are passively managed. Over the past 5 years, IHYA.L returned 3.90%/yr vs 3.47%/yr for UHYC.L. Their correlation of 0.82 suggests significant overlap in exposure. IHYA.L charges 0.50%/yr vs 0.25%/yr for UHYC.L.
Performance
IHYA.L vs. UHYC.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IHYA.L having a 1.76% return and UHYC.L slightly lower at 1.70%.
IHYA.L
- 1D
- 0.13%
- 1M
- 0.13%
- 6M
- 1.49%
- YTD
- 1.76%
- 1Y
- 6.37%
- 3Y*
- 7.95%
- 5Y*
- 3.90%
- 10Y*
- —
UHYC.L
- 1D
- 0.17%
- 1M
- -0.00%
- 6M
- 1.44%
- YTD
- 1.70%
- 1Y
- 6.12%
- 3Y*
- 8.82%
- 5Y*
- 3.47%
- 10Y*
- —
IHYA.L vs. UHYC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) | 1.76% | 9.50% | 6.98% | 10.62% | -8.87% | 0.54% |
UHYC.L Lyxor ESG USD High Yield (DR) UCITS ETF - Acc | 1.70% | 8.78% | 7.98% | 12.03% | -12.31% | 0.95% |
Correlation
The correlation between IHYA.L and UHYC.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.82 |
The correlation between IHYA.L and UHYC.L has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
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Return for Risk
IHYA.L vs. UHYC.L — Risk / Return Rank
IHYA.L
UHYC.L
IHYA.L vs. UHYC.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 Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IHYA.L | UHYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.32 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.19 | +0.06 |
| Martin ratioReturn relative to average drawdown | 11.11 | 9.65 | +1.46 |
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Drawdowns
IHYA.L vs. UHYC.L - Drawdown Comparison
The maximum IHYA.L drawdown since its inception was -22.58%, which is greater than UHYC.L's maximum drawdown of -16.72%. Use the drawdown chart below to compare losses from any high point for IHYA.L and UHYC.L.
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Drawdown Indicators
| IHYA.L | UHYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.58% | -16.72% | -5.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -2.78% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -4.93% | -4.90% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -13.68% | -16.72% | +3.04% |
Current DrawdownCurrent decline from peak | -0.13% | -0.17% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -3.90% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 0.63% | -0.06% |
Volatility
IHYA.L vs. UHYC.L - Volatility Comparison
iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) has a higher volatility of 0.80% compared to Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.L) at 0.75%. This indicates that IHYA.L's price experiences larger fluctuations and is considered to be riskier than UHYC.L 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 | UHYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 0.75% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.99% | 2.95% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 3.67% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.85% | 7.44% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.87% | 7.42% | +0.45% |
IHYA.L vs. UHYC.L - Expense Ratio Comparison
IHYA.L has a 0.50% expense ratio, which is higher than UHYC.L's 0.25% expense ratio.
Dividends
IHYA.L vs. UHYC.L - Dividend Comparison
Neither IHYA.L nor UHYC.L has paid dividends to shareholders.
Frequently Asked Questions
IHYA.L and UHYC.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UHYC.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UHYC.L is cheaper with a 0.25% expense ratio, compared with 0.50% for IHYA.L.
Both ETFs track Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.50% for IHYA.L and 0.25% for UHYC.L.
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