USHY vs. HYXU

Last updated Jun 5, 2026

USHY (iShares Broad USD High Yield Corporate Bond ETF) and HYXU (iShares Euro High Yield Corporate Bond USD Hedged ETF) are both High Yield Bonds funds from iShares - USHY tracks the ICE BofA US High Yield Constrained Index while HYXU tracks the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. Both are passively managed. USHY charges 0.15%/yr vs 0.35%/yr for HYXU.

Performance

USHY vs. HYXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Broad USD High Yield Corporate Bond ETF (USHY) and iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USHY

• 1D: 0.22%
• 1M: 0.46%
• YTD: 1.64%
• 6M: 1.98%
• 1Y: 6.99%
• 3Y*: 9.01%
• 5Y*: 4.29%
• 10Y*: —

HYXU

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USHY vs. HYXU - Yearly Performance Comparison

	2026 (YTD)
USHY iShares Broad USD High Yield Corporate Bond ETF	0.11%
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%

Return for Risk

USHY vs. HYXU — Risk / Return Rank

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

USHY

USHY Risk / Return Rank: 63
USHY Sharpe Ratio Rank: 58
USHY Sortino Ratio Rank: 64
USHY Omega Ratio Rank: 63
USHY Calmar Ratio Rank: 59
USHY Martin Ratio Rank: 71

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.

USHY vs. HYXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond ETF (USHY) and iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU). 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.

	USHY	HYXU	Difference
Sharpe ratio: Return per unit of total volatility	1.93	—	—
Sortino ratio: Return per unit of downside risk	2.90	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	2.89	—	—
Martin ratio: Return relative to average drawdown	12.99	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	USHY	HYXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	—	—

Drawdowns

USHY vs. HYXU - Drawdown Comparison

The maximum USHY drawdown since its inception was -22.44%, which is greater than HYXU's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for USHY and HYXU.

Drawdown Indicators

	USHY	HYXU	Difference
Max Drawdown Largest peak-to-trough decline	-22.44%	0.00%	-22.44%
Max Drawdown (1Y) Largest decline over 1 year	-2.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.56%	—	—
Current Drawdown Current decline from peak	-0.06%	0.00%	-0.06%
Average Drawdown Average peak-to-trough decline	-2.66%	0.00%	-2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	—	—

Volatility

Volatility by Period

	USHY	HYXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	0.00%	+3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.34%	0.00%	+7.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.25%	0.00%	+8.25%

USHY vs. HYXU - Expense Ratio Comparison

USHY has a 0.15% expense ratio, which is lower than HYXU's 0.35% expense ratio.

Dividends

USHY vs. HYXU - Dividend Comparison

USHY's dividend yield for the trailing twelve months is around 6.91%, while HYXU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USHY iShares Broad USD High Yield Corporate Bond ETF	6.91%	6.79%	6.89%	6.63%	6.08%	5.07%	5.30%	5.92%	6.30%	0.73%

Frequently Asked Questions

Which ETF is better, USHY or HYXU?

On fees, USHY is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USHY or HYXU?

USHY is cheaper with a 0.15% expense ratio, compared with 0.35% for HYXU.

Which ETF pays a higher dividend yield, USHY or HYXU?

USHY has the higher dividend yield at 6.91%, compared with 0.00% for HYXU.

What is the main difference between USHY and HYXU?

USHY tracks ICE BofA US High Yield Constrained Index, while HYXU tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. Their fees differ too: 0.15% for USHY and 0.35% for HYXU.