IHYG.L vs. IDVY.AS
IHYG.L (iShares € High Yield Corp Bond UCITS ETF EUR (Dist)) and IDVY.AS (iShares Euro Dividend UCITS ETF) are both exchange-traded funds - IHYG.L is a European High Yield Bonds fund tracking the Markit iBoxx Euro Liquid High Yield Index, while IDVY.AS is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, IHYG.L returned 3.09%/yr vs 7.33%/yr for IDVY.AS. A 0.54 correlation means they provide meaningful diversification when combined. IHYG.L charges 0.50%/yr vs 0.40%/yr for IDVY.AS.
Performance
IHYG.L vs. IDVY.AS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IHYG.L achieves a 0.54% return, which is significantly lower than IDVY.AS's 8.21% return. Over the past 10 years, IHYG.L has underperformed IDVY.AS with an annualized return of 3.09%, while IDVY.AS has yielded a comparatively higher 7.33% annualized return.
IHYG.L
- 1D
- -0.07%
- 1M
- 0.31%
- YTD
- 0.54%
- 6M
- 1.38%
- 1Y
- 2.99%
- 3Y*
- 6.08%
- 5Y*
- 2.59%
- 10Y*
- 3.09%
IDVY.AS
- 1D
- 0.33%
- 1M
- 2.29%
- YTD
- 8.21%
- 6M
- 10.99%
- 1Y
- 20.66%
- 3Y*
- 20.03%
- 5Y*
- 9.08%
- 10Y*
- 7.33%
IHYG.L vs. IDVY.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHYG.L iShares € High Yield Corp Bond UCITS ETF EUR (Dist) | 0.54% | 5.32% | 5.71% | 11.34% | -9.47% | 3.04% | 1.14% | 9.70% | -3.57% | 4.81% |
IDVY.AS iShares Euro Dividend UCITS ETF | 8.21% | 41.92% | 8.62% | 4.42% | -13.82% | 24.39% | -17.87% | 20.43% | -10.28% | 9.96% |
Correlation
The correlation between IHYG.L and IDVY.AS is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2010 | 0.54 |
The correlation between IHYG.L and IDVY.AS has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IHYG.L vs. IDVY.AS — Risk / Return Rank
IHYG.L
IDVY.AS
IHYG.L vs. IDVY.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) and iShares Euro Dividend UCITS ETF (IDVY.AS). 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.
| IHYG.L | IDVY.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.33 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 2.61 | -1.53 |
| Martin ratioReturn relative to average drawdown | 4.47 | 8.13 | -3.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IHYG.L | IDVY.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.77 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.60 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.42 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.23 | +0.40 |
Drawdowns
IHYG.L vs. IDVY.AS - Drawdown Comparison
The maximum IHYG.L drawdown since its inception was -25.61%, smaller than the maximum IDVY.AS drawdown of -71.33%. Use the drawdown chart below to compare losses from any high point for IHYG.L and IDVY.AS.
Loading charts...
Drawdown Indicators
| IHYG.L | IDVY.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.61% | -71.33% | +45.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -7.97% | +5.21% |
Max Drawdown (3Y)Largest decline over 3 years | -3.89% | -12.81% | +8.92% |
Max Drawdown (5Y)Largest decline over 5 years | -14.59% | -24.57% | +9.98% |
Max Drawdown (10Y)Largest decline over 10 years | -25.61% | -42.34% | +16.73% |
Current DrawdownCurrent decline from peak | -0.32% | -1.42% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -22.54% | +20.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 2.57% | -1.90% |
Volatility
IHYG.L vs. IDVY.AS - Volatility Comparison
The current volatility for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) is 0.94%, while iShares Euro Dividend UCITS ETF (IDVY.AS) has a volatility of 3.54%. This indicates that IHYG.L experiences smaller price fluctuations and is considered to be less risky than IDVY.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IHYG.L | IDVY.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 3.54% | -2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 9.62% | -6.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.56% | 11.77% | -8.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 14.80% | -9.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.79% | 17.26% | -10.47% |
IHYG.L vs. IDVY.AS - Expense Ratio Comparison
IHYG.L has a 0.50% expense ratio, which is higher than IDVY.AS's 0.40% expense ratio.
Dividends
IHYG.L vs. IDVY.AS - Dividend Comparison
IHYG.L's dividend yield for the trailing twelve months is around 5.18%, more than IDVY.AS's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDVY.AS iShares Euro Dividend UCITS ETF | 3.99% | 4.36% | 5.85% | 5.84% | 5.28% | 3.68% | 3.57% | 4.84% | 4.76% | 3.91% | 3.97% | 4.00% |
IHYG.L iShares € High Yield Corp Bond UCITS ETF EUR (Dist) | 5.18% | 5.44% | 6.10% | 5.41% | 3.70% | 3.07% | 3.67% | 3.76% | 3.68% | 3.77% | 4.03% | 4.59% |
Frequently Asked Questions
IHYG.L and IDVY.AS have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDVY.AS is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDVY.AS is cheaper with a 0.40% expense ratio, compared with 0.50% for IHYG.L.
IHYG.L is categorized as European High Yield Bonds, while IDVY.AS is Europe Equities. IHYG.L tracks Markit iBoxx Euro Liquid High Yield Index, while IDVY.AS tracks MSCI EMU NR EUR. Their fees differ too: 0.50% for IHYG.L and 0.40% for IDVY.AS.
Find the right allocation for IHYG.L and IDVY.AS
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