UHYC.L vs. EHYG.L
UHYC.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Acc) and EHYG.L (iShares € High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Acc)) are both High Yield Bonds funds - UHYC.L tracks the Bloomberg US Corporate High Yield TR USD while EHYG.L tracks the Bloomberg MSCI Euro Corporate High Yield ESG SRI Bond Index (EUR). Both are passively managed. Over the past 3 years, UHYC.L returned 8.55%/yr vs 11.41%/yr for EHYG.L. At a 0.50 correlation, their price movements are largely independent. UHYC.L charges 0.25%/yr vs 0.27%/yr for EHYG.L.
Performance
UHYC.L vs. EHYG.L - Performance Comparison
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Different Trading Currencies
UHYC.L is traded in USD, while EHYG.L is traded in GBP. To make them comparable, the EHYG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, UHYC.L achieves a 1.10% return, which is significantly lower than EHYG.L's 1.26% return.
UHYC.L
- 1D
- -0.03%
- 1M
- 0.08%
- YTD
- 1.10%
- 6M
- 1.58%
- 1Y
- 6.53%
- 3Y*
- 8.55%
- 5Y*
- —
- 10Y*
- —
EHYG.L
- 1D
- 0.13%
- 1M
- 0.29%
- YTD
- 1.26%
- 6M
- 2.76%
- 1Y
- 4.84%
- 3Y*
- 11.41%
- 5Y*
- —
- 10Y*
- —
UHYC.L vs. EHYG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UHYC.L Lyxor ESG USD High Yield (DR) UCITS ETF - Acc | 1.10% | 8.84% | 7.95% | 7.42% |
EHYG.L iShares € High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Acc) | 1.27% | 15.98% | 6.03% | 10.84% |
Correlation
The correlation between UHYC.L and EHYG.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 2, 2023 | 0.50 |
The correlation between UHYC.L and EHYG.L has been stable across timeframes, ranging from 0.49 to 0.51 - a consistent structural relationship.
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Return for Risk
UHYC.L vs. EHYG.L — Risk / Return Rank
UHYC.L
EHYG.L
UHYC.L vs. EHYG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.L) and iShares € High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Acc) (EHYG.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.
| UHYC.L | EHYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.11 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 0.68 | +1.75 |
| Martin ratioReturn relative to average drawdown | 10.62 | 2.13 | +8.49 |
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
| UHYC.L | EHYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 0.59 | +1.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 1.28 | -0.12 |
Drawdowns
UHYC.L vs. EHYG.L - Drawdown Comparison
The maximum UHYC.L drawdown since its inception was -9.25%, which is greater than EHYG.L's maximum drawdown of -7.96%. Use the drawdown chart below to compare losses from any high point for UHYC.L and EHYG.L.
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Drawdown Indicators
| UHYC.L | EHYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.25% | -7.96% | -1.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -7.08% | +4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -4.88% | -7.96% | +3.08% |
Current DrawdownCurrent decline from peak | -0.12% | -2.22% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -1.20% | -2.00% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 2.27% | -1.64% |
Volatility
UHYC.L vs. EHYG.L - Volatility Comparison
The current volatility for Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.L) is 1.34%, while iShares € High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Acc) (EHYG.L) has a volatility of 2.32%. This indicates that UHYC.L experiences smaller price fluctuations and is considered to be less risky than EHYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UHYC.L | EHYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 2.32% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 6.29% | -3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 8.15% | -4.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.76% | 8.55% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.76% | 8.55% | -1.79% |
UHYC.L vs. EHYG.L - Expense Ratio Comparison
UHYC.L has a 0.25% expense ratio, which is lower than EHYG.L's 0.27% 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
UHYC.L vs. EHYG.L - Dividend Comparison
Neither UHYC.L nor EHYG.L has paid dividends to shareholders.
Frequently Asked Questions
UHYC.L and EHYG.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UHYC.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UHYC.L is cheaper with a 0.25% expense ratio, compared with 0.27% for EHYG.L.
UHYC.L tracks Bloomberg US Corporate High Yield TR USD, while EHYG.L tracks Bloomberg MSCI Euro Corporate High Yield ESG SRI Bond Index (EUR). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for UHYC.L and 0.27% for EHYG.L.
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