U13G.L vs. USHY.MI
U13G.L (Amundi US Treasury Bond 1-3Y UCITS ETF Dist) and USHY.MI (Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist) are both exchange-traded funds - U13G.L is a Government Bonds fund tracking the Bloomberg US 1-3 Year Treasury Bond Index, while USHY.MI is a High Yield Bonds fund tracking the Bloomberg MSCI US Corporate High Yield SRI Sustainable Index. Both are passively managed. Over the past 5 years, U13G.L returned 2.85%/yr vs 4.13%/yr for USHY.MI. At a 0.49 correlation, their price movements are largely independent. U13G.L charges 0.06%/yr vs 0.25%/yr for USHY.MI.
Performance
U13G.L vs. USHY.MI - Performance Comparison
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Different Trading Currencies
U13G.L is traded in GBp, while USHY.MI is traded in EUR. To make them comparable, the USHY.MI values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, U13G.L achieves a 0.79% return, which is significantly lower than USHY.MI's 1.73% return.
U13G.L
- 1D
- -0.02%
- 1M
- -0.40%
- YTD
- 0.79%
- 6M
- 0.43%
- 1Y
- 4.81%
- 3Y*
- 1.99%
- 5Y*
- 2.85%
- 10Y*
- 2.40%
USHY.MI
- 1D
- 0.03%
- 1M
- -0.18%
- YTD
- 1.73%
- 6M
- 1.11%
- 1Y
- 6.84%
- 3Y*
- 5.28%
- 5Y*
- 4.13%
- 10Y*
- —
U13G.L vs. USHY.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
U13G.L Amundi US Treasury Bond 1-3Y UCITS ETF Dist | 0.79% | -2.02% | 5.86% | -1.60% | 7.64% | 0.59% | -0.40% | 0.23% | 7.28% | -7.19% |
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 1.73% | 0.20% | 9.47% | 5.48% | -2.22% | 3.55% | 0.75% | 8.88% | 3.00% | -3.48% |
Correlation
The correlation between U13G.L and USHY.MI is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017 | 0.49 |
The correlation between U13G.L and USHY.MI has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.
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Return for Risk
U13G.L vs. USHY.MI — Risk / Return Rank
U13G.L
USHY.MI
U13G.L vs. USHY.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi US Treasury Bond 1-3Y UCITS ETF Dist (U13G.L) and Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI). 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.
| U13G.L | USHY.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.22 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.98 | -1.04 |
| Martin ratioReturn relative to average drawdown | 2.36 | 4.66 | -2.29 |
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Drawdowns
U13G.L vs. USHY.MI - Drawdown Comparison
The maximum U13G.L drawdown since its inception was -32.38%, which is greater than USHY.MI's maximum drawdown of -16.08%. Use the drawdown chart below to compare losses from any high point for U13G.L and USHY.MI.
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Drawdown Indicators
| U13G.L | USHY.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.38% | -16.08% | -16.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -4.31% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -8.93% | -9.31% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -16.31% | -10.42% | -5.89% |
Max Drawdown (10Y)Largest decline over 10 years | -18.93% | — | — |
Current DrawdownCurrent decline from peak | -11.65% | -1.51% | -10.14% |
Average DrawdownAverage peak-to-trough decline | -12.02% | -4.32% | -7.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 3.20% | -1.38% |
Volatility
U13G.L vs. USHY.MI - Volatility Comparison
The current volatility for Amundi US Treasury Bond 1-3Y UCITS ETF Dist (U13G.L) is 1.70%, while Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI) has a volatility of 1.80%. This indicates that U13G.L experiences smaller price fluctuations and is considered to be less risky than USHY.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| U13G.L | USHY.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.80% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 4.65% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 6.95% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.08% | 8.91% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.57% | 10.38% | -0.81% |
U13G.L vs. USHY.MI - Expense Ratio Comparison
U13G.L has a 0.06% expense ratio, which is lower than USHY.MI's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
U13G.L vs. USHY.MI - Dividend Comparison
U13G.L's dividend yield for the trailing twelve months is around 3.03%, less than USHY.MI's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
U13G.L Amundi US Treasury Bond 1-3Y UCITS ETF Dist | 3.03% | 3.06% | 2.39% | 1.79% | 1.46% | 1.19% | 1.69% | 2.19% | 1.96% | 1.82% | 1.61% |
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 4.90% | 5.03% | 3.29% | 5.61% | 5.95% | 5.86% | 6.17% | 5.53% | 4.73% | 3.61% | 0.00% |
Frequently Asked Questions
U13G.L and USHY.MI have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, U13G.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
U13G.L is cheaper with a 0.06% expense ratio, compared with 0.25% for USHY.MI.
U13G.L is categorized as Government Bonds, while USHY.MI is High Yield Bonds. U13G.L tracks Bloomberg US 1-3 Year Treasury Bond Index, while USHY.MI tracks Bloomberg MSCI US Corporate High Yield SRI Sustainable Index. Their fees differ too: 0.06% for U13G.L and 0.25% for USHY.MI.
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