IHYA.L vs. X710.DE
IHYA.L (iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)) and X710.DE (Xtrackers II Eurozone Government Bond 7-10 UCITS ETF) are both exchange-traded funds - IHYA.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD, while X710.DE is a European Government Bonds fund tracking the Markit iBoxx® EUR Eurozone 7-10. Both are passively managed. Over the past 5 years, IHYA.L returned 3.99%/yr vs -3.20%/yr for X710.DE. At a 0.28 correlation, their price movements are largely independent. IHYA.L charges 0.50%/yr vs 0.15%/yr for X710.DE.
Performance
IHYA.L vs. X710.DE - Performance Comparison
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Different Trading Currencies
IHYA.L is traded in USD, while X710.DE is traded in EUR. To make them comparable, the X710.DE 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 higher than X710.DE's -1.07% 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*
- —
X710.DE
- 1D
- 0.22%
- 1M
- -1.13%
- YTD
- -1.07%
- 6M
- -0.18%
- 1Y
- 2.22%
- 3Y*
- 5.45%
- 5Y*
- -3.20%
- 10Y*
- 0.06%
IHYA.L vs. X710.DE - 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% |
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | -1.07% | 14.84% | -4.84% | 12.24% | -24.11% | -10.86% | 14.39% | 4.52% | -3.22% | 15.02% |
Correlation
The correlation between IHYA.L and X710.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | 0.28 |
The correlation between IHYA.L and X710.DE shifts across timeframes, from 0.28 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IHYA.L vs. X710.DE — Risk / Return Rank
IHYA.L
X710.DE
IHYA.L vs. X710.DE - 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 Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.DE). 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 | X710.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.04 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 0.29 | +2.16 |
| Martin ratioReturn relative to average drawdown | 12.30 | 0.78 | +11.52 |
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 | X710.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 0.22 | +1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | -0.29 | +0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.21 | +0.36 |
Drawdowns
IHYA.L vs. X710.DE - Drawdown Comparison
The maximum IHYA.L drawdown since its inception was -22.58%, smaller than the maximum X710.DE drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for IHYA.L and X710.DE.
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Drawdown Indicators
| IHYA.L | X710.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.58% | -38.99% | +16.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -6.73% | +3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -4.83% | -10.77% | +5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -13.68% | -37.00% | +23.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.99% | — |
Current DrawdownCurrent decline from peak | -0.31% | -18.02% | +17.71% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -11.18% | +8.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 2.53% | -1.97% |
Volatility
IHYA.L vs. X710.DE - Volatility Comparison
The current volatility for iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) is 1.36%, while Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.DE) has a volatility of 2.75%. This indicates that IHYA.L experiences smaller price fluctuations and is considered to be less risky than X710.DE 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 | X710.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 2.75% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 6.86% | -3.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 8.95% | -5.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.81% | 10.93% | -4.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.89% | 9.89% | -2.00% |
IHYA.L vs. X710.DE - Expense Ratio Comparison
IHYA.L has a 0.50% expense ratio, which is higher than X710.DE's 0.15% expense ratio.
Dividends
IHYA.L vs. X710.DE - Dividend Comparison
Neither IHYA.L nor X710.DE has paid dividends to shareholders.
Frequently Asked Questions
IHYA.L and X710.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X710.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X710.DE is cheaper with a 0.15% expense ratio, compared with 0.50% for IHYA.L.
IHYA.L is categorized as High Yield Bonds, while X710.DE is European Government Bonds. IHYA.L tracks Bloomberg US Corporate High Yield TR USD, while X710.DE tracks Markit iBoxx® EUR Eurozone 7-10. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.50% for IHYA.L and 0.15% for X710.DE.
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