TAHY.L vs. DHYA.L
TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc) and DHYA.L (iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)) are both High Yield Bonds funds - TAHY.L tracks the Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc while DHYA.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 3 years, TAHY.L returned 8.17%/yr vs 8.20%/yr for DHYA.L. At a 0.16 correlation, their price movements are largely independent.
Performance
TAHY.L vs. DHYA.L - Performance Comparison
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Returns By Period
In the year-to-date period, TAHY.L achieves a 3.88% return, which is significantly higher than DHYA.L's 1.68% return.
TAHY.L
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 3.11%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
DHYA.L
- 1D
- 0.00%
- 1M
- -0.30%
- 6M
- 1.37%
- YTD
- 1.68%
- 1Y
- 5.89%
- 3Y*
- 8.20%
- 5Y*
- 3.56%
- 10Y*
- —
TAHY.L vs. DHYA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc | 3.88% | 7.26% | 17.54% | -10.74% | -18.39% | -13.10% |
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) | 1.68% | 8.46% | 8.26% | 12.33% | -12.01% | 0.29% |
Correlation
The correlation between TAHY.L and DHYA.L is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.16 |
The correlation between TAHY.L and DHYA.L shifts across timeframes, from 0.05 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TAHY.L vs. DHYA.L — Risk / Return Rank
TAHY.L
DHYA.L
TAHY.L vs. DHYA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.L) and iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.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.
| TAHY.L | DHYA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.27 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.27 | +0.32 |
| Martin ratioReturn relative to average drawdown | 7.38 | 9.92 | -2.54 |
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Drawdowns
TAHY.L vs. DHYA.L - Drawdown Comparison
The maximum TAHY.L drawdown since its inception was -51.61%, which is greater than DHYA.L's maximum drawdown of -16.29%. Use the drawdown chart below to compare losses from any high point for TAHY.L and DHYA.L.
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Drawdown Indicators
| TAHY.L | DHYA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.61% | -16.29% | -35.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -2.58% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -11.20% | -5.20% | -6.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.29% | — |
Current DrawdownCurrent decline from peak | -17.10% | -0.45% | -16.65% |
Average DrawdownAverage peak-to-trough decline | -26.81% | -3.47% | -23.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.59% | +0.32% |
Volatility
TAHY.L vs. DHYA.L - Volatility Comparison
Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.L) has a higher volatility of 1.07% compared to iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L) at 0.90%. This indicates that TAHY.L's price experiences larger fluctuations and is considered to be riskier than DHYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAHY.L | DHYA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.90% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 3.61% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 4.26% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 7.33% | +5.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.09% | 7.84% | +5.25% |
Dividends
TAHY.L vs. DHYA.L - Dividend Comparison
Neither TAHY.L nor DHYA.L has paid dividends to shareholders.
Frequently Asked Questions
TAHY.L and DHYA.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TAHY.L tracks Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc, while DHYA.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: Janus Henderson and iShares.
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