UBXX.L vs. TAHY.L
UBXX.L (UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis) and TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc)) are both exchange-traded funds - UBXX.L is a Emerging Markets Bonds fund tracking the J.P. Morgan EMBI Global Diversified 1-5 Year Index, while TAHY.L is a High Yield Bonds fund tracking the iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. Both are passively managed. Over the past 3 years, UBXX.L returned 7.59%/yr vs 6.97%/yr for TAHY.L. At a correlation of -0.05, they often move in opposite directions. UBXX.L charges 0.47%/yr vs 0.60%/yr for TAHY.L.
Performance
UBXX.L vs. TAHY.L - Performance Comparison
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Different Trading Currencies
UBXX.L is traded in GBp, while TAHY.L is traded in USD. To make them comparable, the TAHY.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UBXX.L achieves a 2.28% return, which is significantly lower than TAHY.L's 3.40% return.
UBXX.L
- 1D
- 0.10%
- 1M
- -0.17%
- 6M
- 1.71%
- YTD
- 2.28%
- 1Y
- 7.09%
- 3Y*
- 7.59%
- 5Y*
- 2.41%
- 10Y*
- —
TAHY.L
- 1D
- -1.09%
- 1M
- -1.59%
- 6M
- 1.64%
- YTD
- 3.40%
- 1Y
- 5.75%
- 3Y*
- 6.97%
- 5Y*
- —
- 10Y*
- —
UBXX.L vs. TAHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UBXX.L UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis | 2.28% | 9.71% | 7.01% | 7.14% | -11.07% | -1.79% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 3.40% | -0.38% | 19.59% | -15.20% | -8.69% | -11.17% |
Correlation
The correlation between UBXX.L and TAHY.L is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | -0.05 |
The correlation between UBXX.L and TAHY.L shifts across timeframes, from -0.19 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UBXX.L vs. TAHY.L — Risk / Return Rank
UBXX.L
TAHY.L
UBXX.L vs. TAHY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.L) and Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.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.
| UBXX.L | TAHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.13 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 0.92 | +2.74 |
| Martin ratioReturn relative to average drawdown | 16.73 | 2.26 | +14.47 |
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Drawdowns
UBXX.L vs. TAHY.L - Drawdown Comparison
The maximum UBXX.L drawdown since its inception was -16.83%, smaller than the maximum TAHY.L drawdown of -40.62%. Use the drawdown chart below to compare losses from any high point for UBXX.L and TAHY.L.
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Drawdown Indicators
| UBXX.L | TAHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.83% | -40.62% | +23.79% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -5.98% | +4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -2.59% | -7.70% | +5.11% |
Max Drawdown (5Y)Largest decline over 5 years | -16.83% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -15.32% | +15.14% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -21.35% | +17.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 2.43% | -2.01% |
Volatility
UBXX.L vs. TAHY.L - Volatility Comparison
The current volatility for UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.L) is 0.49%, while Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) has a volatility of 2.17%. This indicates that UBXX.L experiences smaller price fluctuations and is considered to be less risky than TAHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UBXX.L | TAHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 2.17% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 5.89% | -3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.87% | 7.52% | -4.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.25% | 14.73% | -10.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.93% | 14.73% | -9.80% |
UBXX.L vs. TAHY.L - Expense Ratio Comparison
UBXX.L has a 0.47% expense ratio, which is lower than TAHY.L's 0.60% expense ratio.
Dividends
UBXX.L vs. TAHY.L - Dividend Comparison
UBXX.L's dividend yield for the trailing twelve months is around 6.46%, while TAHY.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
UBXX.L UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis | 6.46% | 25.71% | 7.05% | 4.76% | 4.40% | 3.91% | 4.43% | 6.18% | 0.21% |
Frequently Asked Questions
UBXX.L and TAHY.L have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UBXX.L is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UBXX.L is cheaper with a 0.47% expense ratio, compared with 0.60% for TAHY.L.
UBXX.L is categorized as Emerging Markets Bonds, while TAHY.L is High Yield Bonds. UBXX.L tracks J.P. Morgan EMBI Global Diversified 1-5 Year Index, while TAHY.L tracks iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. They also come from different issuers: UBS and Janus Henderson. Their fees differ too: 0.47% for UBXX.L and 0.60% for TAHY.L.
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