UHYG.L vs. HYGU.L
UHYG.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Dist) and HYGU.L (iShares € High Yield Corp Bond UCITS ETF) are both High Yield Bonds funds - UHYG.L tracks the Bloomberg US Corporate High Yield TR USD while HYGU.L tracks the iShares € High Yield Corp Bond UCITS ETF. Both are passively managed. Over the past 5 years, UHYG.L returned 3.89%/yr vs 4.95%/yr for HYGU.L. A 0.70 correlation means they provide meaningful diversification when combined. UHYG.L charges 0.25%/yr vs 0.55%/yr for HYGU.L.
Performance
UHYG.L vs. HYGU.L - Performance Comparison
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Different Trading Currencies
UHYG.L is traded in GBP, while HYGU.L is traded in USD. To make them comparable, the HYGU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, UHYG.L achieves a 1.58% return, which is significantly lower than HYGU.L's 1.79% return.
UHYG.L
- 1D
- -0.56%
- 1M
- -0.38%
- 6M
- 1.25%
- YTD
- 1.58%
- 1Y
- 5.37%
- 3Y*
- 7.19%
- 5Y*
- 3.89%
- 10Y*
- 1.61%
HYGU.L
- 1D
- 0.00%
- 1M
- -0.61%
- 6M
- 1.58%
- YTD
- 1.79%
- 1Y
- 4.13%
- 3Y*
- 6.96%
- 5Y*
- 4.95%
- 10Y*
- —
UHYG.L vs. HYGU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist | 1.58% | 1.29% | 9.76% | 5.64% | -1.69% | 4.49% | 2.15% | 9.59% | 3.46% | -1.13% |
HYGU.L iShares € High Yield Corp Bond UCITS ETF | 1.79% | -0.40% | 9.16% | 7.87% | 3.91% | 4.70% | -0.84% | 8.53% | 5.02% | -1.67% |
Correlation
The correlation between UHYG.L and HYGU.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | 0.70 |
The correlation between UHYG.L and HYGU.L has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.
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Return for Risk
UHYG.L vs. HYGU.L — Risk / Return Rank
UHYG.L
HYGU.L
UHYG.L vs. HYGU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor ESG USD High Yield (DR) UCITS ETF - Dist (UHYG.L) and iShares € High Yield Corp Bond UCITS ETF (HYGU.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.
| UHYG.L | HYGU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.12 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.02 | +0.47 |
| Martin ratioReturn relative to average drawdown | 4.35 | 2.54 | +1.80 |
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Drawdowns
UHYG.L vs. HYGU.L - Drawdown Comparison
The maximum UHYG.L drawdown since its inception was -25.48%, which is greater than HYGU.L's maximum drawdown of -19.14%. Use the drawdown chart below to compare losses from any high point for UHYG.L and HYGU.L.
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Drawdown Indicators
| UHYG.L | HYGU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.48% | -19.14% | -6.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.57% | -4.27% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -9.52% | -8.35% | -1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | -9.08% | -1.41% |
Max Drawdown (10Y)Largest decline over 10 years | -25.48% | — | — |
Current DrawdownCurrent decline from peak | -2.27% | -2.40% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -3.90% | -4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.72% | -0.49% |
Volatility
UHYG.L vs. HYGU.L - Volatility Comparison
Lyxor ESG USD High Yield (DR) UCITS ETF - Dist (UHYG.L) and iShares € High Yield Corp Bond UCITS ETF (HYGU.L) have volatilities of 1.75% and 1.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UHYG.L | HYGU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 1.71% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.16% | 5.08% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.74% | 6.76% | -1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 8.40% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.63% | 9.42% | +1.21% |
UHYG.L vs. HYGU.L - Expense Ratio Comparison
UHYG.L has a 0.25% expense ratio, which is lower than HYGU.L's 0.55% expense ratio.
Dividends
UHYG.L vs. HYGU.L - Dividend Comparison
UHYG.L's dividend yield for the trailing twelve months is around 5.75%, while HYGU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HYGU.L iShares € High Yield Corp Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist | 5.75% | 5.84% | 3.44% | 6.01% | 5.93% | 6.98% | 6.97% | 6.59% | 5.42% | 4.11% |
Frequently Asked Questions
UHYG.L and HYGU.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UHYG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UHYG.L is cheaper with a 0.25% expense ratio, compared with 0.55% for HYGU.L.
UHYG.L tracks Bloomberg US Corporate High Yield TR USD, while HYGU.L tracks iShares € High Yield Corp Bond UCITS ETF. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for UHYG.L and 0.55% for HYGU.L.
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