UHYC.L vs. IHHG.L
UHYC.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Acc) and IHHG.L (iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist)) are both High Yield Bonds funds - UHYC.L tracks the Bloomberg US Corporate High Yield TR USD while IHHG.L tracks the iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist). Both are passively managed. Over the past 5 years, UHYC.L returned 3.47%/yr vs 2.77%/yr for IHHG.L. A 0.60 correlation means they provide meaningful diversification when combined. UHYC.L charges 0.25%/yr vs 0.55%/yr for IHHG.L.
Performance
UHYC.L vs. IHHG.L - Performance Comparison
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Different Trading Currencies
UHYC.L is traded in USD, while IHHG.L is traded in GBP. To make them comparable, the IHHG.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 IHHG.L's 2.18% 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*
- —
IHHG.L
- 1D
- 0.00%
- 1M
- 0.90%
- 6M
- 2.07%
- YTD
- 2.18%
- 1Y
- 7.00%
- 3Y*
- 8.82%
- 5Y*
- 2.77%
- 10Y*
- —
UHYC.L vs. IHHG.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% |
IHHG.L iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 2.18% | 17.26% | 4.61% | 15.56% | -19.99% | -2.33% |
Correlation
The correlation between UHYC.L and IHHG.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.60 |
The correlation between UHYC.L and IHHG.L shifts across timeframes, from 0.47 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UHYC.L vs. IHHG.L — Risk / Return Rank
UHYC.L
IHHG.L
UHYC.L vs. IHHG.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 UCITS ETF GBP Hedged (Dist) (IHHG.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 | IHHG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.14 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.03 | +1.16 |
| Martin ratioReturn relative to average drawdown | 9.65 | 2.73 | +6.92 |
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Drawdowns
UHYC.L vs. IHHG.L - Drawdown Comparison
The maximum UHYC.L drawdown since its inception was -16.72%, smaller than the maximum IHHG.L drawdown of -34.42%. Use the drawdown chart below to compare losses from any high point for UHYC.L and IHHG.L.
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Drawdown Indicators
| UHYC.L | IHHG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.72% | -34.42% | +17.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -6.71% | +3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -4.90% | -10.03% | +5.13% |
Max Drawdown (5Y)Largest decline over 5 years | -16.72% | -33.92% | +17.20% |
Current DrawdownCurrent decline from peak | -0.17% | -1.13% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -8.65% | +4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 2.53% | -1.90% |
Volatility
UHYC.L vs. IHHG.L - Volatility Comparison
The current volatility for Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.L) is 0.75%, while iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (IHHG.L) has a volatility of 2.00%. This indicates that UHYC.L experiences smaller price fluctuations and is considered to be less risky than IHHG.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 | IHHG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 2.00% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 6.37% | -3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 8.53% | -4.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 12.66% | -5.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.42% | 13.56% | -6.14% |
UHYC.L vs. IHHG.L - Expense Ratio Comparison
UHYC.L has a 0.25% expense ratio, which is lower than IHHG.L's 0.55% expense ratio.
Dividends
UHYC.L vs. IHHG.L - Dividend Comparison
UHYC.L has not paid dividends to shareholders, while IHHG.L's dividend yield for the trailing twelve months is around 6.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IHHG.L iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 6.15% | 6.06% | 6.23% | 5.55% | 5.21% | 4.25% | 4.89% | 5.47% | 3.58% |
UHYC.L Lyxor ESG USD High Yield (DR) UCITS ETF - Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UHYC.L and IHHG.L have a correlation of 0.47, 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 0.55% for IHHG.L.
UHYC.L tracks Bloomberg US Corporate High Yield TR USD, while IHHG.L tracks iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for UHYC.L and 0.55% for IHHG.L.
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