TAHY.L vs. IHYE.L
TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc)) and IHYE.L (iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (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 IHYE.L is a Corporate Bonds fund tracking the iBoxx USD Liquid High Yield Capped (USD). Both are passively managed. Over the past 3 years, TAHY.L returned 8.17%/yr vs 6.43%/yr for IHYE.L. At a 0.18 correlation, their price movements are largely independent. TAHY.L charges 0.60%/yr vs 0.55%/yr for IHYE.L.
Performance
TAHY.L vs. IHYE.L - Performance Comparison
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Different Trading Currencies
TAHY.L is traded in USD, while IHYE.L is traded in EUR. To make them comparable, the IHYE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TAHY.L achieves a 3.88% return, which is significantly higher than IHYE.L's -1.67% return.
TAHY.L
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 2.85%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
IHYE.L
- 1D
- -0.04%
- 1M
- -0.30%
- 6M
- -0.92%
- YTD
- -1.67%
- 1Y
- 2.44%
- 3Y*
- 6.43%
- 5Y*
- 1.03%
- 10Y*
- —
TAHY.L vs. IHYE.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% |
IHYE.L iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | -1.67% | 21.11% | -1.39% | 11.47% | -16.91% | -4.12% |
Correlation
The correlation between TAHY.L and IHYE.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.18 |
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Return for Risk
TAHY.L vs. IHYE.L — Risk / Return Rank
TAHY.L
IHYE.L
TAHY.L vs. IHYE.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 $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IHYE.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 | IHYE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.06 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 0.36 | +2.23 |
| Martin ratioReturn relative to average drawdown | 7.38 | 0.83 | +6.55 |
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Drawdowns
TAHY.L vs. IHYE.L - Drawdown Comparison
The maximum TAHY.L drawdown since its inception was -51.61%, which is greater than IHYE.L's maximum drawdown of -32.48%. Use the drawdown chart below to compare losses from any high point for TAHY.L and IHYE.L.
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Drawdown Indicators
| TAHY.L | IHYE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.61% | -32.48% | -19.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -6.84% | +4.27% |
Max Drawdown (3Y)Largest decline over 3 years | -9.81% | -9.59% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.79% | — |
Current DrawdownCurrent decline from peak | -17.10% | -4.55% | -12.55% |
Average DrawdownAverage peak-to-trough decline | -26.81% | -9.53% | -17.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 2.93% | -2.02% |
Volatility
TAHY.L vs. IHYE.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 $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IHYE.L) has a volatility of 1.75%. This indicates that TAHY.L experiences smaller price fluctuations and is considered to be less risky than IHYE.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 | IHYE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.75% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 5.83% | -3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 7.84% | -4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 11.69% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.09% | 12.03% | +1.06% |
TAHY.L vs. IHYE.L - Expense Ratio Comparison
TAHY.L has a 0.60% expense ratio, which is higher than IHYE.L's 0.55% expense ratio.
Dividends
TAHY.L vs. IHYE.L - Dividend Comparison
TAHY.L has not paid dividends to shareholders, while IHYE.L's dividend yield for the trailing twelve months is around 6.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IHYE.L iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 6.19% | 6.07% | 6.32% | 5.59% | 5.13% | 4.35% | 4.82% | 5.59% | 3.88% |
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% |
Frequently Asked Questions
TAHY.L and IHYE.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IHYE.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IHYE.L is cheaper with a 0.55% expense ratio, compared with 0.60% for TAHY.L.
TAHY.L is categorized as High Yield Bonds, while IHYE.L is Corporate Bonds. TAHY.L tracks iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index, while IHYE.L tracks iBoxx USD Liquid High Yield Capped (USD). They also come from different issuers: Janus Henderson and iShares. Their fees differ too: 0.60% for TAHY.L and 0.55% for IHYE.L.
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