TAHY.L vs. IHYU.L
TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc)) and IHYU.L (iShares USD High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds - TAHY.L tracks the iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index while IHYU.L tracks the Markit iBoxx USD Liquid High Yield Capped Index. Both are passively managed. Over the past 3 years, TAHY.L returned 8.17%/yr vs 7.79%/yr for IHYU.L. At a 0.19 correlation, their price movements are largely independent. TAHY.L charges 0.60%/yr vs 0.50%/yr for IHYU.L.
Performance
TAHY.L vs. IHYU.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 IHYU.L's 1.41% return.
TAHY.L
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 2.85%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
IHYU.L
- 1D
- -0.20%
- 1M
- 0.04%
- 6M
- 1.19%
- YTD
- 1.41%
- 1Y
- 5.86%
- 3Y*
- 7.79%
- 5Y*
- 3.87%
- 10Y*
- 4.74%
TAHY.L vs. IHYU.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% |
IHYU.L iShares USD High Yield Corporate Bond UCITS ETF | 1.41% | 9.51% | 6.92% | 10.99% | -9.03% | -0.03% |
Correlation
The correlation between TAHY.L and IHYU.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.19 |
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Return for Risk
TAHY.L vs. IHYU.L — Risk / Return Rank
TAHY.L
IHYU.L
TAHY.L vs. IHYU.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 USD High Yield Corporate Bond UCITS ETF (IHYU.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 | IHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.31 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.07 | +0.52 |
| Martin ratioReturn relative to average drawdown | 7.38 | 9.93 | -2.56 |
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Drawdowns
TAHY.L vs. IHYU.L - Drawdown Comparison
The maximum TAHY.L drawdown since its inception was -51.61%, which is greater than IHYU.L's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for TAHY.L and IHYU.L.
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Drawdown Indicators
| TAHY.L | IHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.61% | -21.83% | -29.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -2.81% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -9.81% | -4.02% | -5.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.83% | — |
Current DrawdownCurrent decline from peak | -17.10% | -0.25% | -16.85% |
Average DrawdownAverage peak-to-trough decline | -26.81% | -2.10% | -24.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.59% | +0.32% |
Volatility
TAHY.L vs. IHYU.L - Volatility Comparison
Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) has a higher volatility of 1.07% compared to iShares USD High Yield Corporate Bond UCITS ETF (IHYU.L) at 0.56%. This indicates that TAHY.L's price experiences larger fluctuations and is considered to be riskier than IHYU.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 | IHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.56% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 2.93% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 3.68% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 6.65% | +6.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.09% | 7.69% | +5.40% |
TAHY.L vs. IHYU.L - Expense Ratio Comparison
TAHY.L has a 0.60% expense ratio, which is higher than IHYU.L's 0.50% expense ratio.
Dividends
TAHY.L vs. IHYU.L - Dividend Comparison
TAHY.L has not paid dividends to shareholders, while IHYU.L's dividend yield for the trailing twelve months is around 6.21%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHYU.L iShares USD High Yield Corporate Bond UCITS ETF | 6.21% | 6.14% | 6.39% | 5.62% | 4.81% | 4.35% | 4.79% | 5.42% | 5.68% | 5.54% | 5.61% | 6.06% |
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 IHYU.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IHYU.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IHYU.L is cheaper with a 0.50% expense ratio, compared with 0.60% for TAHY.L.
TAHY.L tracks iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index, while IHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index. They also come from different issuers: Janus Henderson and iShares. Their fees differ too: 0.60% for TAHY.L and 0.50% for IHYU.L.
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