UHYG.L vs. IHYA.L
UHYG.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Dist) and IHYA.L (iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)) are both High Yield Bonds funds tracking the Bloomberg US Corporate High Yield TR USD, from Amundi and iShares respectively. Both are passively managed. Over the past 5 years, UHYG.L returned 3.52%/yr vs 5.11%/yr for IHYA.L. A 0.77 correlation means they provide meaningful diversification when combined. UHYG.L charges 0.25%/yr vs 0.50%/yr for IHYA.L.
Performance
UHYG.L vs. IHYA.L - Performance Comparison
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Different Trading Currencies
UHYG.L is traded in GBP, while IHYA.L is traded in USD. To make them comparable, the IHYA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with UHYG.L having a 1.45% return and IHYA.L slightly higher at 1.48%.
UHYG.L
- 1D
- 0.14%
- 1M
- 1.47%
- YTD
- 1.45%
- 6M
- -4.64%
- 1Y
- 2.00%
- 3Y*
- 3.77%
- 5Y*
- 3.52%
- 10Y*
- —
IHYA.L
- 1D
- 0.06%
- 1M
- 1.15%
- YTD
- 1.48%
- 6M
- 1.00%
- 1Y
- 8.14%
- 3Y*
- 5.56%
- 5Y*
- 5.11%
- 10Y*
- —
UHYG.L vs. IHYA.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 | 1.45% | -4.28% | 9.74% | 5.64% | -1.68% | 4.50% | 2.15% | 9.58% | 3.46% | -3.99% |
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) | 1.48% | 1.69% | 8.85% | 5.11% | 1.97% | 4.70% | 1.98% | 8.34% | 4.55% | -4.76% |
Correlation
The correlation between UHYG.L and IHYA.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | 0.77 |
The correlation between UHYG.L and IHYA.L has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
UHYG.L vs. IHYA.L — Risk / Return Rank
UHYG.L
IHYA.L
UHYG.L vs. IHYA.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 USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.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.
| UHYG.L | IHYA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.22 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 2.09 | -1.89 |
| Martin ratioReturn relative to average drawdown | 0.36 | 6.53 | -6.17 |
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
| UHYG.L | IHYA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 1.20 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.59 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.37 | -0.07 |
Drawdowns
UHYG.L vs. IHYA.L - Drawdown Comparison
The maximum UHYG.L drawdown since its inception was -15.35%, roughly equal to the maximum IHYA.L drawdown of -16.09%. Use the drawdown chart below to compare losses from any high point for UHYG.L and IHYA.L.
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Drawdown Indicators
| UHYG.L | IHYA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.35% | -16.09% | +0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.88% | -3.79% | -5.09% |
Max Drawdown (3Y)Largest decline over 3 years | -9.53% | -8.92% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -10.48% | -10.81% | +0.33% |
Current DrawdownCurrent decline from peak | -6.21% | -0.64% | -5.57% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -3.74% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 1.21% | +3.58% |
Volatility
UHYG.L vs. IHYA.L - Volatility Comparison
The current volatility for Lyxor ESG USD High Yield (DR) UCITS ETF - Dist (UHYG.L) is 1.41%, while iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) has a volatility of 2.04%. This indicates that UHYG.L experiences smaller price fluctuations and is considered to be less risky than IHYA.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 | IHYA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 2.04% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 7.01% | 5.15% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.94% | 6.58% | +1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 8.67% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.50% | 9.78% | -0.28% |
UHYG.L vs. IHYA.L - Expense Ratio Comparison
UHYG.L has a 0.25% expense ratio, which is lower than IHYA.L's 0.50% expense ratio.
Dividends
UHYG.L vs. IHYA.L - Dividend Comparison
Neither UHYG.L nor IHYA.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) | 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 | 0.00% | 0.00% | 3.44% | 6.00% | 5.93% | 6.98% | 6.98% | 6.59% | 5.42% | 4.11% |
Frequently Asked Questions
UHYG.L and IHYA.L have a correlation of 0.70, 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 0.50% for IHYA.L.
Both ETFs track Bloomberg US Corporate High Yield TR USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for UHYG.L and 0.50% for IHYA.L.
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