IHYA.L vs. UHYG.L
IHYA.L (iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)) and UHYG.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Dist) 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 3.99%/yr vs 2.44%/yr for UHYG.L. A 0.58 correlation means they provide meaningful diversification when combined. IHYA.L charges 0.50%/yr vs 0.25%/yr for UHYG.L.
Performance
IHYA.L vs. UHYG.L - Performance Comparison
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Different Trading Currencies
IHYA.L is traded in USD, while UHYG.L is traded in GBP. To make them comparable, the UHYG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IHYA.L achieves a 1.10% return, which is significantly lower than UHYG.L's 1.20% 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*
- —
UHYG.L
- 1D
- 0.19%
- 1M
- 0.54%
- YTD
- 1.20%
- 6M
- -3.78%
- 1Y
- 0.76%
- 3Y*
- 6.45%
- 5Y*
- 2.44%
- 10Y*
- —
IHYA.L vs. UHYG.L - 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% |
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist | 1.20% | 2.94% | 7.91% | 11.21% | -12.19% | 3.55% | 5.28% | 13.98% | -2.40% | 3.71% |
Correlation
The correlation between IHYA.L and UHYG.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | 0.58 |
The correlation between IHYA.L and UHYG.L shifts across timeframes, from 0.44 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IHYA.L vs. UHYG.L — Risk / Return Rank
IHYA.L
UHYG.L
IHYA.L vs. UHYG.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 - Dist (UHYG.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 | UHYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.03 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 0.10 | +2.35 |
| Martin ratioReturn relative to average drawdown | 12.30 | 0.21 | +12.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IHYA.L | UHYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 0.10 | +1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.29 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.44 | +0.12 |
Drawdowns
IHYA.L vs. UHYG.L - Drawdown Comparison
The maximum IHYA.L drawdown since its inception was -22.58%, roughly equal to the maximum UHYG.L drawdown of -22.38%. Use the drawdown chart below to compare losses from any high point for IHYA.L and UHYG.L.
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Drawdown Indicators
| IHYA.L | UHYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.58% | -22.38% | -0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -7.34% | +4.52% |
Max Drawdown (3Y)Largest decline over 3 years | -4.83% | -7.34% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -13.68% | -17.09% | +3.41% |
Current DrawdownCurrent decline from peak | -0.31% | -4.23% | +3.92% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -3.29% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 3.57% | -3.01% |
Volatility
IHYA.L vs. UHYG.L - Volatility Comparison
iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) and Lyxor ESG USD High Yield (DR) UCITS ETF - Dist (UHYG.L) have volatilities of 1.36% and 1.40%, 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.
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Volatility by Period
| IHYA.L | UHYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.40% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 7.05% | -4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 7.61% | -4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.81% | 8.30% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.89% | 8.67% | -0.78% |
IHYA.L vs. UHYG.L - Expense Ratio Comparison
IHYA.L has a 0.50% expense ratio, which is higher than UHYG.L's 0.25% expense ratio.
Dividends
IHYA.L vs. UHYG.L - Dividend Comparison
Neither IHYA.L nor UHYG.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist | 0.00% | 0.00% | 3.44% | 6.00% | 5.93% | 6.98% | 6.98% | 6.59% | 5.42% | 4.11% |
Frequently Asked Questions
IHYA.L and UHYG.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UHYG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UHYG.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 UHYG.L.
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