WIAU.L vs. IHYA.L

Last updated Jun 5, 2026

WIAU.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc)) and IHYA.L (iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)) are both High Yield Bonds funds from iShares - WIAU.L tracks the ICE BofA Gbl HY Constnd TR USD while IHYA.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, WIAU.L returned 2.57%/yr vs 3.99%/yr for IHYA.L. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

WIAU.L vs. IHYA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc) (WIAU.L) and iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WIAU.L achieves a 0.89% return, which is significantly lower than IHYA.L's 1.10% return.

WIAU.L

• 1D: 0.16%
• 1M: 0.38%
• YTD: 0.89%
• 6M: 1.28%
• 1Y: 7.78%
• 3Y*: 8.41%
• 5Y*: 2.57%
• 10Y*: —

IHYA.L

• 1D: 0.09%
• 1M: 0.19%
• YTD: 1.10%
• 6M: 1.75%
• 1Y: 6.94%
• 3Y*: 8.29%
• 5Y*: 3.99%
• 10Y*: —

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

WIAU.L vs. IHYA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
WIAU.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc)	0.89%	12.49%	3.04%	12.97%	-14.25%	1.81%	18.31%	15.74%	-6.29%
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)	1.10%	9.49%	6.98%	10.64%	-8.87%	3.72%	5.07%	12.63%	-1.85%

Correlation

The correlation between WIAU.L and IHYA.L is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Apr 19, 2018	0.71

The correlation between WIAU.L and IHYA.L shifts across timeframes, from 0.61 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.

WIAU.L vs. IHYA.L - Sectors Allocation Comparison

Sectors	WIAU.L	IHYA.L
Financial Services	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	16.4%
Technology	-	-
Utilities	-	83.6%

Return for Risk

WIAU.L vs. IHYA.L — Risk / Return Rank

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

WIAU.L

WIAU.L Risk / Return Rank: 41
WIAU.L Sharpe Ratio Rank: 41
WIAU.L Sortino Ratio Rank: 44
WIAU.L Omega Ratio Rank: 41
WIAU.L Calmar Ratio Rank: 35
WIAU.L Martin Ratio Rank: 41

IHYA.L

IHYA.L Risk / Return Rank: 61
IHYA.L Sharpe Ratio Rank: 58
IHYA.L Sortino Ratio Rank: 67
IHYA.L Omega Ratio Rank: 64
IHYA.L Calmar Ratio Rank: 50
IHYA.L Martin Ratio Rank: 68

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.

WIAU.L vs. IHYA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc) (WIAU.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.

	WIAU.L	IHYA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.93	-0.51
Sortino ratio: Return per unit of downside risk	2.19	3.03	-0.84
Omega ratio: Gain probability vs. loss probability	1.26	1.38	-0.12
Calmar ratio: Return relative to maximum drawdown	1.72	2.45	-0.73
Martin ratio: Return relative to average drawdown	6.49	12.30	-5.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WIAU.L vs. IHYA.L - Sharpe Ratio Comparison

The current WIAU.L Sharpe Ratio is 1.43, which is comparable to the IHYA.L Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of WIAU.L and IHYA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WIAU.L	IHYA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	1.93	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.59	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.56	+0.01

Drawdowns

WIAU.L vs. IHYA.L - Drawdown Comparison

The maximum WIAU.L drawdown since its inception was -23.51%, roughly equal to the maximum IHYA.L drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for WIAU.L and IHYA.L.

Drawdown Indicators

	WIAU.L	IHYA.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.51%	-22.58%	-0.93%
Max Drawdown (1Y) Largest decline over 1 year	-4.52%	-2.82%	-1.70%
Max Drawdown (3Y) Largest decline over 3 years	-5.00%	-4.83%	-0.17%
Max Drawdown (5Y) Largest decline over 5 years	-21.83%	-13.68%	-8.15%
Current Drawdown Current decline from peak	-0.85%	-0.31%	-0.54%
Average Drawdown Average peak-to-trough decline	-4.45%	-2.23%	-2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.20%	0.56%	+0.64%

Volatility

WIAU.L vs. IHYA.L - Volatility Comparison

iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc) (WIAU.L) has a higher volatility of 1.66% compared to iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) at 1.36%. This indicates that WIAU.L's price experiences larger fluctuations and is considered to be riskier than IHYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WIAU.L	IHYA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	1.36%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	4.20%	2.87%	+1.33%
Volatility (1Y) Calculated over the trailing 1-year period	5.43%	3.58%	+1.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.16%	6.81%	+0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.42%	7.89%	+1.53%

WIAU.L vs. IHYA.L - Expense Ratio Comparison

Both WIAU.L and IHYA.L have an expense ratio of 0.50%.

Dividends

WIAU.L vs. IHYA.L - Dividend Comparison

Neither WIAU.L nor IHYA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WIAU.L and IHYA.L in my portfolio?

WIAU.L and IHYA.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WIAU.L or IHYA.L?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WIAU.L or IHYA.L?

WIAU.L and IHYA.L have the same expense ratio: 0.50% per year.

What is the main difference between WIAU.L and IHYA.L?

WIAU.L tracks ICE BofA Gbl HY Constnd TR USD, while IHYA.L tracks Bloomberg US Corporate High Yield TR USD.