TAHY.L vs. HYUS.L

Last updated Jul 16, 2026

TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc) and HYUS.L (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) 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 HYUS.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 8.37%/yr for HYUS.L. At a 0.21 correlation, their price movements are largely independent.

Performance

TAHY.L vs. HYUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.L) and iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TAHY.L achieves a 3.88% return, which is significantly higher than HYUS.L's 1.44% return.

TAHY.L

• 1D: 0.00%
• 1M: 0.00%
• 6M: 3.11%
• YTD: 3.88%
• 1Y: 6.69%
• 3Y*: 8.17%
• 5Y*: —
• 10Y*: —

HYUS.L

• 1D: 0.00%
• 1M: 0.00%
• 6M: 1.44%
• YTD: 1.44%
• 1Y: 5.89%
• 3Y*: 8.37%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TAHY.L vs. HYUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
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%	-3.54%
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)	1.44%	8.55%	8.46%	12.87%	-6.58%

Correlation

The correlation between TAHY.L and HYUS.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022	0.21

Return for Risk

TAHY.L vs. HYUS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TAHY.L

TAHY.L Risk / Return Rank: 69
TAHY.L Sharpe Ratio Rank: 71
TAHY.L Sortino Ratio Rank: 74
TAHY.L Omega Ratio Rank: 81
TAHY.L Calmar Ratio Rank: 64
TAHY.L Martin Ratio Rank: 55

HYUS.L

HYUS.L Risk / Return Rank: 58
HYUS.L Sharpe Ratio Rank: 47
HYUS.L Sortino Ratio Rank: 51
HYUS.L Omega Ratio Rank: 49
HYUS.L Calmar Ratio Rank: 69
HYUS.L Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TAHY.L vs. HYUS.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 Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.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	HYUS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.37	+0.46
Sortino ratio: Return per unit of downside risk	2.68	2.07	+0.61
Omega ratio: Gain probability vs. loss probability	1.38	1.26	+0.13
Calmar ratio: Return relative to maximum drawdown	2.59	2.79	-0.20
Martin ratio: Return relative to average drawdown	7.38	10.82	-3.45

TAHY.L vs. HYUS.L - Sharpe Ratio Comparison

The current TAHY.L Sharpe Ratio is 1.83, which is higher than the HYUS.L Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of TAHY.L and HYUS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TAHY.L vs. HYUS.L - Drawdown Comparison

The maximum TAHY.L drawdown since its inception was -51.61%, which is greater than HYUS.L's maximum drawdown of -11.00%. Use the drawdown chart below to compare losses from any high point for TAHY.L and HYUS.L.

Drawdown Indicators

	TAHY.L	HYUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-51.61%	-11.00%	-40.61%
Max Drawdown (1Y) Largest decline over 1 year	-2.57%	-2.10%	-0.47%
Max Drawdown (3Y) Largest decline over 3 years	-11.20%	-5.23%	-5.97%
Current Drawdown Current decline from peak	-17.10%	-0.63%	-16.47%
Average Drawdown Average peak-to-trough decline	-26.81%	-1.84%	-24.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	0.54%	+0.37%

Volatility

TAHY.L vs. HYUS.L - Volatility Comparison

The current volatility for Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.L) is 1.07%, while iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) has a volatility of 1.17%. This indicates that TAHY.L experiences smaller price fluctuations and is considered to be less risky than HYUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TAHY.L	HYUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	1.17%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	2.83%	3.27%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	3.64%	4.29%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.09%	6.86%	+6.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.09%	6.86%	+6.23%

Dividends

TAHY.L vs. HYUS.L - Dividend Comparison

TAHY.L has not paid dividends to shareholders, while HYUS.L's dividend yield for the trailing twelve months is around 9.19%.

Position	TTM	2025	2024	2023	2022
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)	9.19%	7.38%	7.53%	6.31%	1.53%
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TAHY.L and HYUS.L in my portfolio?

TAHY.L and HYUS.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between TAHY.L and HYUS.L?

TAHY.L tracks Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc, while HYUS.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: Janus Henderson and iShares.