XCO2.L vs. IHHG.L
XCO2.L (Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc) and IHHG.L (iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - XCO2.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR USD, while IHHG.L is a Corporate Bonds fund tracking the iBoxx USD Liquid High Yield Capped (USD). Both are passively managed. Over the past 5 years, XCO2.L returned -1.30%/yr vs 3.11%/yr for IHHG.L. At a 0.09 correlation, their price movements are largely independent. XCO2.L charges 0.15%/yr vs 0.55%/yr for IHHG.L.
Performance
XCO2.L vs. IHHG.L - Performance Comparison
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Returns By Period
In the year-to-date period, XCO2.L achieves a -1.87% return, which is significantly lower than IHHG.L's 1.59% return.
XCO2.L
- 1D
- -0.12%
- 1M
- -2.28%
- 6M
- -1.87%
- YTD
- -1.87%
- 1Y
- -0.12%
- 3Y*
- 3.39%
- 5Y*
- -1.30%
- 10Y*
- —
IHHG.L
- 1D
- -0.23%
- 1M
- 0.23%
- 6M
- 1.12%
- YTD
- 1.59%
- 1Y
- 5.78%
- 3Y*
- 7.40%
- 5Y*
- 3.11%
- 10Y*
- —
XCO2.L vs. IHHG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XCO2.L Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc | -1.87% | 5.87% | -0.13% | 3.77% | -10.53% | -9.16% | -7.36% |
IHHG.L iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 1.59% | 9.03% | 6.38% | 9.77% | -10.41% | 3.44% | 14.02% |
Correlation
The correlation between XCO2.L and IHHG.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 | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 4, 2020 | 0.09 |
The correlation between XCO2.L and IHHG.L shifts across timeframes, from 0.09 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XCO2.L vs. IHHG.L — Risk / Return Rank
XCO2.L
IHHG.L
XCO2.L vs. IHHG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.L) and iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (IHHG.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.
| XCO2.L | IHHG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.32 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.27 | -2.31 |
| Martin ratioReturn relative to average drawdown | -0.10 | 10.12 | -10.22 |
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Drawdowns
XCO2.L vs. IHHG.L - Drawdown Comparison
The maximum XCO2.L drawdown since its inception was -29.59%, which is greater than IHHG.L's maximum drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for XCO2.L and IHHG.L.
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Drawdown Indicators
| XCO2.L | IHHG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.59% | -23.51% | -6.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -2.54% | -1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -13.43% | -4.38% | -9.05% |
Max Drawdown (5Y)Largest decline over 5 years | -17.63% | -14.78% | -2.85% |
Current DrawdownCurrent decline from peak | -21.16% | -0.23% | -20.93% |
Average DrawdownAverage peak-to-trough decline | -20.14% | -2.98% | -17.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 0.57% | +1.20% |
Volatility
XCO2.L vs. IHHG.L - Volatility Comparison
Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.L) has a higher volatility of 1.16% compared to iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (IHHG.L) at 0.79%. This indicates that XCO2.L's price experiences larger fluctuations and is considered to be riskier than IHHG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCO2.L | IHHG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.79% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 2.83% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 3.75% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.64% | 6.70% | +3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 8.01% | +2.66% |
XCO2.L vs. IHHG.L - Expense Ratio Comparison
XCO2.L has a 0.15% expense ratio, which is lower than IHHG.L's 0.55% expense ratio.
Dividends
XCO2.L vs. IHHG.L - Dividend Comparison
XCO2.L has not paid dividends to shareholders, while IHHG.L's dividend yield for the trailing twelve months is around 6.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IHHG.L iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 6.15% | 6.06% | 6.23% | 5.55% | 5.21% | 4.25% | 4.89% | 5.47% | 3.58% |
XCO2.L Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XCO2.L and IHHG.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.
On fees, XCO2.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCO2.L is cheaper with a 0.15% expense ratio, compared with 0.55% for IHHG.L.
XCO2.L is categorized as Global Corporate Bonds, while IHHG.L is Corporate Bonds. XCO2.L tracks Bloomberg Gbl Agg Corp TR USD, while IHHG.L tracks iBoxx USD Liquid High Yield Capped (USD). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for XCO2.L and 0.55% for IHHG.L.
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