V3GP.L vs. HYXF
V3GP.L (Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing) and HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) are both exchange-traded funds - V3GP.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR Hdg GBP, while HYXF is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Corporate Choice ESG Screened. Both are passively managed. Over the past 5 years, V3GP.L returned 0.47%/yr vs 4.80%/yr for HYXF. At a 0.15 correlation, their price movements are largely independent. V3GP.L charges 0.15%/yr vs 0.35%/yr for HYXF.
Performance
V3GP.L vs. HYXF - Performance Comparison
Loading charts...
Different Trading Currencies
V3GP.L is traded in GBP, while HYXF is traded in USD. To make them comparable, the HYXF values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, V3GP.L achieves a 0.59% return, which is significantly lower than HYXF's 1.42% return.
V3GP.L
- 1D
- 0.23%
- 1M
- 0.75%
- YTD
- 0.59%
- 6M
- 0.77%
- 1Y
- 4.36%
- 3Y*
- 5.34%
- 5Y*
- 0.47%
- 10Y*
- —
HYXF
- 1D
- 0.10%
- 1M
- 1.20%
- YTD
- 1.42%
- 6M
- 0.87%
- 1Y
- 6.78%
- 3Y*
- 5.98%
- 5Y*
- 4.80%
- 10Y*
- —
V3GP.L vs. HYXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing | 0.59% | 6.20% | 3.56% | 7.64% | -14.57% | 1.05% |
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 1.42% | 1.12% | 10.24% | 6.28% | -1.42% | 7.01% |
Correlation
The correlation between V3GP.L and HYXF is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.15 |
The correlation between V3GP.L and HYXF shifts across timeframes, from -0.02 (1 year) to 0.15 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
V3GP.L vs. HYXF — Risk / Return Rank
V3GP.L
HYXF
V3GP.L vs. HYXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.L) and iShares ESG Advanced High Yield Corporate Bond ETF (HYXF). 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.
| V3GP.L | HYXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.73 | -0.10 |
| Martin ratioReturn relative to average drawdown | 5.57 | 5.11 | +0.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| V3GP.L | HYXF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.10 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.53 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.53 | -0.43 |
Drawdowns
V3GP.L vs. HYXF - Drawdown Comparison
The maximum V3GP.L drawdown since its inception was -20.15%, which is greater than HYXF's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for V3GP.L and HYXF.
Loading charts...
Drawdown Indicators
| V3GP.L | HYXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.15% | -12.88% | -7.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -3.94% | +1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -3.83% | -10.31% | +6.48% |
Max Drawdown (5Y)Largest decline over 5 years | -20.15% | -10.31% | -9.84% |
Current DrawdownCurrent decline from peak | -0.64% | -1.20% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -3.65% | -4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 1.33% | -0.55% |
Volatility
V3GP.L vs. HYXF - Volatility Comparison
Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.L) has a higher volatility of 1.43% compared to iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) at 1.34%. This indicates that V3GP.L's price experiences larger fluctuations and is considered to be riskier than HYXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| V3GP.L | HYXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.34% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 4.50% | -1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 6.17% | -2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.42% | 9.16% | -3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 10.94% | -5.52% |
V3GP.L vs. HYXF - Expense Ratio Comparison
V3GP.L has a 0.15% expense ratio, which is lower than HYXF's 0.35% expense ratio.
Dividends
V3GP.L vs. HYXF - Dividend Comparison
V3GP.L's dividend yield for the trailing twelve months is around 4.37%, less than HYXF's 6.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.09% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% |
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing | 4.37% | 4.43% | 4.36% | 4.10% | 2.48% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
V3GP.L and HYXF have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3GP.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3GP.L is cheaper with a 0.15% expense ratio, compared with 0.35% for HYXF.
V3GP.L is categorized as Global Corporate Bonds, while HYXF is High Yield Bonds. V3GP.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP, while HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.15% for V3GP.L and 0.35% for HYXF.
Find the right allocation for V3GP.L and HYXF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer