UDHY.DE vs. IUSQ.DE
UDHY.DE (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - UDHY.DE is a High Yield Bonds fund tracking the ICE BofAML US High Yield Constrained, while IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 3 years, UDHY.DE returned 3.98%/yr vs 17.93%/yr for IUSQ.DE. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
UDHY.DE vs. IUSQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UDHY.DE achieves a -1.14% return, which is significantly lower than IUSQ.DE's 12.65% return.
UDHY.DE
- 1D
- 0.01%
- 1M
- 1.21%
- YTD
- -1.14%
- 6M
- -1.88%
- 1Y
- 0.71%
- 3Y*
- 3.98%
- 5Y*
- —
- 10Y*
- —
IUSQ.DE
- 1D
- -0.23%
- 1M
- 3.68%
- YTD
- 12.65%
- 6M
- 12.87%
- 1Y
- 26.39%
- 3Y*
- 17.93%
- 5Y*
- 12.42%
- 10Y*
- 12.38%
UDHY.DE vs. IUSQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | -1.14% | -3.92% | 13.24% | 8.32% | -4.04% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.65% | 9.02% | 24.53% | 18.57% | -11.32% |
Correlation
The correlation between UDHY.DE and IUSQ.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022 | 0.44 |
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Return for Risk
UDHY.DE vs. IUSQ.DE — Risk / Return Rank
UDHY.DE
IUSQ.DE
UDHY.DE vs. IUSQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) and iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE). 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.
| UDHY.DE | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.43 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 4.08 | -4.00 |
| Martin ratioReturn relative to average drawdown | 0.19 | 16.69 | -16.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UDHY.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 2.31 | -2.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.76 | -0.43 |
Drawdowns
UDHY.DE vs. IUSQ.DE - Drawdown Comparison
The maximum UDHY.DE drawdown since its inception was -12.23%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for UDHY.DE and IUSQ.DE.
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Drawdown Indicators
| UDHY.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -33.60% | +21.37% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -6.48% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -12.23% | -21.25% | +9.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.60% | — |
Current DrawdownCurrent decline from peak | -7.76% | -0.55% | -7.21% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -4.19% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 1.59% | +1.08% |
Volatility
UDHY.DE vs. IUSQ.DE - Volatility Comparison
The current volatility for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) is 0.99%, while iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.03%. This indicates that UDHY.DE experiences smaller price fluctuations and is considered to be less risky than IUSQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UDHY.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 3.03% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.73% | 8.26% | -3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.32% | 11.47% | -5.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 13.94% | -5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.04% | 15.02% | -6.98% |
UDHY.DE vs. IUSQ.DE - Expense Ratio Comparison
Both UDHY.DE and IUSQ.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
UDHY.DE vs. IUSQ.DE - Dividend Comparison
UDHY.DE's dividend yield for the trailing twelve months is around 4.67%, while IUSQ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 4.67% | 7.37% | 6.63% | 5.74% | 1.63% |
Frequently Asked Questions
UDHY.DE and IUSQ.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UDHY.DE and IUSQ.DE have the same expense ratio: 0.20% per year.
UDHY.DE is categorized as High Yield Bonds, while IUSQ.DE is Global Equities. UDHY.DE tracks ICE BofAML US High Yield Constrained, while IUSQ.DE tracks MSCI All Country World (ACWI).
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