UHYC.L vs. HYGB.L

Last updated Jul 16, 2026

UHYC.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Acc) and HYGB.L (VanEck Emerging Markets High Yield Bond UCITS ETF) are both High Yield Bonds funds - UHYC.L tracks the Bloomberg US Corporate High Yield TR USD while HYGB.L tracks the VanEck Emerging Markets High Yield Bond UCITS ETF. Both are passively managed. Over the past 5 years, UHYC.L returned 3.47%/yr vs 2.90%/yr for HYGB.L. At a 0.16 correlation, their price movements are largely independent. UHYC.L charges 0.25%/yr vs 0.40%/yr for HYGB.L.

Performance

UHYC.L vs. HYGB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.L) and VanEck Emerging Markets High Yield Bond UCITS ETF (HYGB.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

UHYC.L is traded in USD, while HYGB.L is traded in GBP. To make them comparable, the HYGB.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 1.70% return, which is significantly lower than HYGB.L's 4.01% return.

UHYC.L

• 1D: 0.17%
• 1M: -0.00%
• 6M: 1.44%
• YTD: 1.70%
• 1Y: 6.12%
• 3Y*: 8.82%
• 5Y*: 3.47%
• 10Y*: —

HYGB.L

• 1D: 0.58%
• 1M: 0.40%
• 6M: 3.60%
• YTD: 4.01%
• 1Y: 8.89%
• 3Y*: 10.43%
• 5Y*: 2.90%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UHYC.L vs. HYGB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UHYC.L Lyxor ESG USD High Yield (DR) UCITS ETF - Acc	1.70%	8.78%	7.98%	12.03%	-12.31%	0.95%
HYGB.L VanEck Emerging Markets High Yield Bond UCITS ETF	4.01%	9.22%	11.83%	7.02%	-12.94%	-3.16%

Correlation

The correlation between UHYC.L and HYGB.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021	0.16

Return for Risk

UHYC.L vs. HYGB.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UHYC.L

UHYC.L Risk / Return Rank: 64
UHYC.L Sharpe Ratio Rank: 62
UHYC.L Sortino Ratio Rank: 72
UHYC.L Omega Ratio Rank: 65
UHYC.L Calmar Ratio Rank: 53
UHYC.L Martin Ratio Rank: 67

HYGB.L

HYGB.L Risk / Return Rank: 43
HYGB.L Sharpe Ratio Rank: 39
HYGB.L Sortino Ratio Rank: 39
HYGB.L Omega Ratio Rank: 37
HYGB.L Calmar Ratio Rank: 57
HYGB.L Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UHYC.L vs. HYGB.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 VanEck Emerging Markets High Yield Bond UCITS ETF (HYGB.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.

	UHYC.L	HYGB.L	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.67	0.00
Sortino ratio: Return per unit of downside risk	2.60	2.35	+0.26
Omega ratio: Gain probability vs. loss probability	1.32	1.32	0.00
Calmar ratio: Return relative to maximum drawdown	2.19	3.04	-0.85
Martin ratio: Return relative to average drawdown	9.65	13.36	-3.71

UHYC.L vs. HYGB.L - Sharpe Ratio Comparison

The current UHYC.L Sharpe Ratio is 1.66, which is comparable to the HYGB.L Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of UHYC.L and HYGB.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UHYC.L vs. HYGB.L - Drawdown Comparison

The maximum UHYC.L drawdown since its inception was -16.72%, smaller than the maximum HYGB.L drawdown of -37.51%. Use the drawdown chart below to compare losses from any high point for UHYC.L and HYGB.L.

Drawdown Indicators

	UHYC.L	HYGB.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.72%	-37.51%	+20.79%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	-2.91%	+0.13%
Max Drawdown (3Y) Largest decline over 3 years	-4.90%	-4.72%	-0.18%
Max Drawdown (5Y) Largest decline over 5 years	-16.72%	-25.04%	+8.32%
Current Drawdown Current decline from peak	-0.17%	-3.08%	+2.91%
Average Drawdown Average peak-to-trough decline	-3.90%	-21.20%	+17.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	0.66%	-0.03%

Volatility

UHYC.L vs. HYGB.L - Volatility Comparison

The current volatility for Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.L) is 0.75%, while VanEck Emerging Markets High Yield Bond UCITS ETF (HYGB.L) has a volatility of 1.59%. This indicates that UHYC.L experiences smaller price fluctuations and is considered to be less risky than HYGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UHYC.L	HYGB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.75%	1.59%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	2.95%	4.63%	-1.68%
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	5.32%	-1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.44%	17.85%	-10.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.42%	17.18%	-9.76%

UHYC.L vs. HYGB.L - Expense Ratio Comparison

UHYC.L has a 0.25% expense ratio, which is lower than HYGB.L's 0.40% expense ratio.

Dividends

UHYC.L vs. HYGB.L - Dividend Comparison

Neither UHYC.L nor HYGB.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UHYC.L and HYGB.L in my portfolio?

UHYC.L and HYGB.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UHYC.L or HYGB.L?

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.

Which ETF is cheaper, UHYC.L or HYGB.L?

UHYC.L is cheaper with a 0.25% expense ratio, compared with 0.40% for HYGB.L.

What is the main difference between UHYC.L and HYGB.L?

UHYC.L tracks Bloomberg US Corporate High Yield TR USD, while HYGB.L tracks VanEck Emerging Markets High Yield Bond UCITS ETF. They also come from different issuers: Amundi and VanEck. Their fees differ too: 0.25% for UHYC.L and 0.40% for HYGB.L.