TAHY.L vs. HYGU.L
TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc) and HYGU.L (iShares € High Yield Corp Bond UCITS ETF) 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 HYGU.L tracks the iShares € High Yield Corp Bond UCITS ETF. Both are passively managed. Over the past 3 years, TAHY.L returned 8.17%/yr vs 8.18%/yr for HYGU.L. At a 0.21 correlation, their price movements are largely independent.
Performance
TAHY.L vs. HYGU.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 HYGU.L's 2.18% return.
TAHY.L
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 3.11%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
HYGU.L
- 1D
- -0.03%
- 1M
- 0.24%
- 6M
- 2.18%
- YTD
- 2.18%
- 1Y
- 5.22%
- 3Y*
- 8.18%
- 5Y*
- 4.58%
- 10Y*
- —
TAHY.L vs. HYGU.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% |
HYGU.L iShares € High Yield Corp Bond UCITS ETF | 2.18% | 7.24% | 7.29% | 13.55% | -7.14% | 0.33% |
Correlation
The correlation between TAHY.L and HYGU.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.21 |
The correlation between TAHY.L and HYGU.L shifts across timeframes, from 0.11 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TAHY.L vs. HYGU.L — Risk / Return Rank
TAHY.L
HYGU.L
TAHY.L vs. HYGU.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 € High Yield Corp Bond UCITS ETF (HYGU.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 | HYGU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.33 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.00 | +0.59 |
| Martin ratioReturn relative to average drawdown | 7.38 | 8.61 | -1.23 |
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Drawdowns
TAHY.L vs. HYGU.L - Drawdown Comparison
The maximum TAHY.L drawdown since its inception was -51.61%, which is greater than HYGU.L's maximum drawdown of -25.03%. Use the drawdown chart below to compare losses from any high point for TAHY.L and HYGU.L.
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Drawdown Indicators
| TAHY.L | HYGU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.61% | -25.03% | -26.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -2.60% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -11.20% | -3.62% | -7.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.61% | — |
Current DrawdownCurrent decline from peak | -17.10% | -0.16% | -16.94% |
Average DrawdownAverage peak-to-trough decline | -26.81% | -2.06% | -24.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.61% | +0.30% |
Volatility
TAHY.L vs. HYGU.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 € High Yield Corp Bond UCITS ETF (HYGU.L) at 0.62%. This indicates that TAHY.L's price experiences larger fluctuations and is considered to be riskier than HYGU.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 | HYGU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.62% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 2.85% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 3.33% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 5.37% | +7.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.09% | 7.10% | +5.99% |
Dividends
TAHY.L vs. HYGU.L - Dividend Comparison
Neither TAHY.L nor HYGU.L has paid dividends to shareholders.
Frequently Asked Questions
TAHY.L and HYGU.L have a correlation of 0.11, 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 HYGU.L tracks iShares € High Yield Corp Bond UCITS ETF. They also come from different issuers: Janus Henderson and iShares.
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