TAHY.L vs. HYLD.L
TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc)) and HYLD.L (iShares Global High Yield Corp Bond UCITS ETF USD (Dist)) are both exchange-traded funds - TAHY.L is a High Yield Bonds fund tracking the iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index, while HYLD.L is a Global Corporate Bonds fund tracking the Markit iBoxx Global Developed Markets Liquid High Yield Capped (USD) Index. Both are passively managed. Over the past 3 years, TAHY.L returned 8.17%/yr vs 7.53%/yr for HYLD.L. At a 0.20 correlation, their price movements are largely independent. TAHY.L charges 0.60%/yr vs 0.50%/yr for HYLD.L.
Performance
TAHY.L vs. HYLD.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 HYLD.L's 0.39% return.
TAHY.L
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 2.85%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
HYLD.L
- 1D
- -0.18%
- 1M
- -0.54%
- 6M
- 0.72%
- YTD
- 0.39%
- 1Y
- 4.18%
- 3Y*
- 7.53%
- 5Y*
- 3.03%
- 10Y*
- 4.32%
TAHY.L vs. HYLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 3.88% | 7.26% | 17.54% | -10.74% | -18.39% | -13.10% |
HYLD.L iShares Global High Yield Corp Bond UCITS ETF USD (Dist) | 0.39% | 14.42% | 2.61% | 13.55% | -11.99% | -2.20% |
Correlation
The correlation between TAHY.L and HYLD.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.20 |
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Return for Risk
TAHY.L vs. HYLD.L — Risk / Return Rank
TAHY.L
HYLD.L
TAHY.L vs. HYLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) and iShares Global High Yield Corp Bond UCITS ETF USD (Dist) (HYLD.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 | HYLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.14 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 0.99 | +1.60 |
| Martin ratioReturn relative to average drawdown | 7.38 | 3.27 | +4.11 |
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Drawdowns
TAHY.L vs. HYLD.L - Drawdown Comparison
The maximum TAHY.L drawdown since its inception was -51.61%, which is greater than HYLD.L's maximum drawdown of -23.53%. Use the drawdown chart below to compare losses from any high point for TAHY.L and HYLD.L.
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Drawdown Indicators
| TAHY.L | HYLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.61% | -23.53% | -28.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -4.21% | +1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -9.81% | -5.36% | -4.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.53% | — |
Current DrawdownCurrent decline from peak | -17.10% | -1.25% | -15.85% |
Average DrawdownAverage peak-to-trough decline | -26.81% | -3.79% | -23.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.28% | -0.37% |
Volatility
TAHY.L vs. HYLD.L - Volatility Comparison
The current volatility for Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) is 1.07%, while iShares Global High Yield Corp Bond UCITS ETF USD (Dist) (HYLD.L) has a volatility of 1.25%. This indicates that TAHY.L experiences smaller price fluctuations and is considered to be less risky than HYLD.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 | HYLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.25% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 4.20% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 5.49% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 8.30% | +4.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.09% | 8.57% | +4.52% |
TAHY.L vs. HYLD.L - Expense Ratio Comparison
TAHY.L has a 0.60% expense ratio, which is higher than HYLD.L's 0.50% expense ratio.
Dividends
TAHY.L vs. HYLD.L - Dividend Comparison
TAHY.L has not paid dividends to shareholders, while HYLD.L's dividend yield for the trailing twelve months is around 7.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLD.L iShares Global High Yield Corp Bond UCITS ETF USD (Dist) | 7.11% | 5.32% | 5.61% | 4.70% | 4.01% | 3.95% | 4.42% | 4.77% | 4.98% | 4.73% | 5.08% | 5.31% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TAHY.L and HYLD.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYLD.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYLD.L is cheaper with a 0.50% expense ratio, compared with 0.60% for TAHY.L.
TAHY.L is categorized as High Yield Bonds, while HYLD.L is Global Corporate Bonds. TAHY.L tracks iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index, while HYLD.L tracks Markit iBoxx Global Developed Markets Liquid High Yield Capped (USD) Index. They also come from different issuers: Janus Henderson and iShares. Their fees differ too: 0.60% for TAHY.L and 0.50% for HYLD.L.
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