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WING.L vs. TAHY.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WING.L vs. TAHY.L

Last updated Jul 16, 2026
Documentation

WING.L (iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist)) and TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc) are both High Yield Bonds funds - WING.L tracks the iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) while TAHY.L tracks the Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc. Both are passively managed. Over the past 3 years, WING.L returned 7.44%/yr vs 8.17%/yr for TAHY.L. At a 0.19 correlation, their price movements are largely independent.

Performance

WING.L vs. TAHY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) (WING.L) and Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WING.L achieves a 0.95% return, which is significantly lower than TAHY.L's 3.88% return.

WING.L

1D
0.37%
1M
0.04%
6M
0.95%
YTD
0.95%
1Y
5.80%
3Y*
7.44%
5Y*
2.41%
10Y*
5.62%

TAHY.L

1D
0.00%
1M
0.00%
6M
3.11%
YTD
3.88%
1Y
6.69%
3Y*
8.17%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

WING.L vs. TAHY.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
WING.L
iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist)		0.95%12.63%2.89%12.92%-14.36%-1.08%
TAHY.L
Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc		3.88%7.26%17.54%-10.74%-18.39%-13.10%

Correlation

The correlation between WING.L and TAHY.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.21

Correlation (3Y)
Calculated over the trailing 3-year period

0.15

Correlation (All Time)
Calculated using the full available price history since Sep 2, 2021

0.19

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iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist)

Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc

Return for Risk

WING.L vs. TAHY.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WING.L
WING.L Risk / Return Rank: 3737
Overall Rank
WING.L Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
WING.L Sortino Ratio Rank: 3939
Sortino Ratio Rank
WING.L Omega Ratio Rank: 3939
Omega Ratio Rank
WING.L Calmar Ratio Rank: 3131
Calmar Ratio Rank
WING.L Martin Ratio Rank: 3939
Martin Ratio Rank
TAHY.L
TAHY.L Risk / Return Rank: 6969
Overall Rank
TAHY.L Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
TAHY.L Sortino Ratio Rank: 7474
Sortino Ratio Rank
TAHY.L Omega Ratio Rank: 8181
Omega Ratio Rank
TAHY.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
TAHY.L Martin Ratio Rank: 5555
Martin Ratio Rank
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.

WING.L vs. TAHY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) (WING.L) and Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.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.

WING.LTAHY.LDifference
Sharpe ratioReturn per unit of total volatility
1.15
1.83

-0.68

Sortino ratioReturn per unit of downside risk
1.72
2.68

-0.95

Omega ratioGain probability vs. loss probability

1.22

1.38

-0.17

Calmar ratioReturn relative to maximum drawdown

1.28

2.59

-1.31

Martin ratioReturn relative to average drawdown

5.06

7.38

-2.32

WING.L vs. TAHY.L - Sharpe Ratio Comparison

The current WING.L Sharpe Ratio is 1.15, which is lower than the TAHY.L Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of WING.L and TAHY.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.

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Drawdowns

WING.L vs. TAHY.L - Drawdown Comparison

The maximum WING.L drawdown since its inception was -25.18%, smaller than the maximum TAHY.L drawdown of -51.61%. Use the drawdown chart below to compare losses from any high point for WING.L and TAHY.L.

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Drawdown Indicators

WING.LTAHY.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.18%

-51.61%

+26.43%

Max Drawdown (1Y)

Largest decline over 1 year

-4.36%

-2.57%

-1.79%

Max Drawdown (3Y)

Largest decline over 3 years

-5.02%

-11.20%

+6.18%

Max Drawdown (5Y)

Largest decline over 5 years

-21.62%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-25.18%

—

—

Current Drawdown

Current decline from peak

-0.50%

-17.10%

+16.60%

Average Drawdown

Average peak-to-trough decline

-3.97%

-26.81%

+22.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.11%

0.91%

+0.20%

Volatility

WING.L vs. TAHY.L - Volatility Comparison

iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) (WING.L) has a higher volatility of 1.58% compared to Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.L) at 1.07%. This indicates that WING.L's price experiences larger fluctuations and is considered to be riskier than TAHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WING.LTAHY.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.58%

1.07%

+0.51%

Volatility (6M)

Calculated over the trailing 6-month period

3.86%

2.83%

+1.03%

Volatility (1Y)

Calculated over the trailing 1-year period

4.85%

3.64%

+1.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.47%

13.09%

-5.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.09%

13.09%

-4.00%

Dividends

WING.L vs. TAHY.L - Dividend Comparison

WING.L's dividend yield for the trailing twelve months is around 5.71%, while TAHY.L has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
TAHY.L
Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
WING.L
iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist)		5.71%5.67%5.86%5.20%4.43%3.92%4.25%4.56%4.98%4.44%2.11%

Frequently Asked Questions

WING.L and TAHY.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WING.L tracks iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist), while TAHY.L tracks Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc. They also come from different issuers: iShares and Janus Henderson.

Portfolio Optimizer

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