UHYG.L vs. HYSD.L
UHYG.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Dist) and HYSD.L (iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist)) are both High Yield Bonds funds - UHYG.L tracks the Bloomberg US Corporate High Yield TR USD while HYSD.L tracks the ICE BofA US High Yield Constrained Index. Both are passively managed. Over the past 3 years, UHYG.L returned 7.04%/yr vs 7.99%/yr for HYSD.L. At a 0.14 correlation, their price movements are largely independent. UHYG.L charges 0.25%/yr vs 0.22%/yr for HYSD.L.
Performance
UHYG.L vs. HYSD.L - Performance Comparison
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Returns By Period
In the year-to-date period, UHYG.L achieves a 1.83% return, which is significantly lower than HYSD.L's 1.97% return.
UHYG.L
- 1D
- 0.22%
- 1M
- -0.30%
- 6M
- 0.80%
- YTD
- 1.83%
- 1Y
- 5.50%
- 3Y*
- 7.04%
- 5Y*
- 3.94%
- 10Y*
- 1.63%
HYSD.L
- 1D
- 0.00%
- 1M
- 0.31%
- 6M
- 1.29%
- YTD
- 1.97%
- 1Y
- 5.49%
- 3Y*
- 7.99%
- 5Y*
- —
- 10Y*
- —
UHYG.L vs. HYSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist | 1.83% | 1.29% | 9.76% | 5.64% | -2.08% |
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 1.97% | 8.24% | 7.60% | 11.75% | -3.60% |
Correlation
The correlation between UHYG.L and HYSD.L is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022 | 0.14 |
The correlation between UHYG.L and HYSD.L shifts across timeframes, from 0.03 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UHYG.L vs. HYSD.L — Risk / Return Rank
UHYG.L
HYSD.L
UHYG.L vs. HYSD.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 Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (HYSD.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 | HYSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.28 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.26 | -0.73 |
| Martin ratioReturn relative to average drawdown | 4.40 | 9.94 | -5.53 |
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Drawdowns
UHYG.L vs. HYSD.L - Drawdown Comparison
The maximum UHYG.L drawdown since its inception was -25.48%, which is greater than HYSD.L's maximum drawdown of -9.53%. Use the drawdown chart below to compare losses from any high point for UHYG.L and HYSD.L.
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Drawdown Indicators
| UHYG.L | HYSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.48% | -9.53% | -15.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.57% | -2.42% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -9.52% | -5.02% | -4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.48% | — | — |
Current DrawdownCurrent decline from peak | -2.03% | -0.10% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -1.50% | -7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 0.55% | +0.70% |
Volatility
UHYG.L vs. HYSD.L - Volatility Comparison
Lyxor ESG USD High Yield (DR) UCITS ETF - Dist (UHYG.L) has a higher volatility of 1.27% compared to iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (HYSD.L) at 0.91%. This indicates that UHYG.L's price experiences larger fluctuations and is considered to be riskier than HYSD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UHYG.L | HYSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 0.91% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 3.13% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.71% | 3.88% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 6.08% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.63% | 6.08% | +4.55% |
UHYG.L vs. HYSD.L - Expense Ratio Comparison
UHYG.L has a 0.25% expense ratio, which is higher than HYSD.L's 0.22% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
UHYG.L vs. HYSD.L - Dividend Comparison
UHYG.L's dividend yield for the trailing twelve months is around 5.74%, less than HYSD.L's 7.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 7.39% | 7.39% | 7.39% | 5.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist | 5.74% | 5.84% | 3.44% | 6.01% | 5.93% | 6.98% | 6.97% | 6.59% | 5.42% | 4.11% |
Frequently Asked Questions
UHYG.L and HYSD.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYSD.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYSD.L is cheaper with a 0.22% expense ratio, compared with 0.25% for UHYG.L.
UHYG.L tracks Bloomberg US Corporate High Yield TR USD, while HYSD.L tracks ICE BofA US High Yield Constrained Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for UHYG.L and 0.22% for HYSD.L.
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