UDHY.DE vs. MSCI
UDHY.DE (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) is High Yield Bonds fund tracking the ICE BofAML US High Yield Constrained, while MSCI (MSCI Inc.) is a stock. Over the past 3 years, UDHY.DE returned 5.72%/yr vs 8.10%/yr for MSCI. At a 0.29 correlation, their price movements are largely independent.
Performance
UDHY.DE vs. MSCI - Performance Comparison
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Different Trading Currencies
UDHY.DE is traded in EUR, while MSCI is traded in USD. To make them comparable, the MSCI values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, UDHY.DE achieves a 1.13% return, which is significantly lower than MSCI's 8.80% return.
UDHY.DE
- 1D
- 0.00%
- 1M
- 2.04%
- 6M
- 0.92%
- YTD
- 1.13%
- 1Y
- 4.75%
- 3Y*
- 5.72%
- 5Y*
- —
- 10Y*
- —
MSCI
- 1D
- 3.17%
- 1M
- -0.30%
- 6M
- 10.19%
- YTD
- 8.80%
- 1Y
- 6.97%
- 3Y*
- 8.10%
- 5Y*
- 4.06%
- 10Y*
- 23.90%
UDHY.DE vs. MSCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 1.13% | -3.31% | 14.00% | 9.01% | -3.77% |
MSCI MSCI Inc. | 8.80% | -14.66% | 14.39% | 19.22% | -6.57% |
Correlation
The correlation between UDHY.DE and MSCI is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022 | 0.29 |
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Return for Risk
UDHY.DE vs. MSCI — Risk / Return Rank
UDHY.DE
MSCI
UDHY.DE vs. MSCI - 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 MSCI Inc. (MSCI). 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.
| UDHY.DE | MSCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.08 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 0.44 | -0.18 |
| Martin ratioReturn relative to average drawdown | 0.38 | 1.21 | -0.83 |
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Drawdowns
UDHY.DE vs. MSCI - Drawdown Comparison
The maximum UDHY.DE drawdown since its inception was -18.01%, smaller than the maximum MSCI drawdown of -63.74%. Use the drawdown chart below to compare losses from any high point for UDHY.DE and MSCI.
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Drawdown Indicators
| UDHY.DE | MSCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -63.74% | +45.73% |
Max Drawdown (1Y)Largest decline over 1 year | -18.01% | -18.63% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -18.01% | -28.14% | +10.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.69% | — |
Current DrawdownCurrent decline from peak | -13.03% | -11.43% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -12.68% | +6.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.42% | 6.83% | +5.59% |
Volatility
UDHY.DE vs. MSCI - Volatility Comparison
The current volatility for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) is 1.53%, while MSCI Inc. (MSCI) has a volatility of 10.05%. This indicates that UDHY.DE experiences smaller price fluctuations and is considered to be less risky than MSCI 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 | MSCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 10.05% | -8.52% |
Volatility (6M)Calculated over the trailing 6-month period | 4.85% | 23.30% | -18.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.23% | 30.53% | -8.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.04% | 30.40% | -17.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.04% | 31.36% | -18.32% |
Dividends
UDHY.DE vs. MSCI - Dividend Comparison
UDHY.DE's dividend yield for the trailing twelve months is around 5.34%, more than MSCI's 1.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSCI MSCI Inc. | 1.28% | 1.25% | 1.07% | 0.98% | 0.98% | 0.59% | 0.65% | 0.98% | 1.30% | 1.04% | 1.27% | 1.11% |
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 5.34% | 8.01% | 7.25% | 6.34% | 1.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UDHY.DE and MSCI have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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