XCO2.L vs. IHYE.L
XCO2.L (Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc) and IHYE.L (iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist)) are both exchange-traded funds - XCO2.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR USD, while IHYE.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 1.50%/yr for IHYE.L. At a 0.40 correlation, their price movements are largely independent. XCO2.L charges 0.15%/yr vs 0.55%/yr for IHYE.L.
Performance
XCO2.L vs. IHYE.L - Performance Comparison
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Different Trading Currencies
XCO2.L is traded in GBP, while IHYE.L is traded in EUR. To make them comparable, the IHYE.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XCO2.L achieves a -1.87% return, which is significantly lower than IHYE.L's -1.52% 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*
- —
IHYE.L
- 1D
- 0.12%
- 1M
- -1.52%
- 6M
- -1.49%
- YTD
- -1.52%
- 1Y
- 2.16%
- 3Y*
- 5.32%
- 5Y*
- 1.50%
- 10Y*
- —
XCO2.L vs. IHYE.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% |
IHYE.L iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | -1.52% | 12.48% | 0.34% | 5.90% | -7.03% | -3.24% | 15.33% |
Correlation
The correlation between XCO2.L and IHYE.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since May 4, 2020 | 0.40 |
Over the past year, XCO2.L and IHYE.L have become more correlated (0.64) than their long-term average of 0.40, meaning their price movements have been converging.
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Return for Risk
XCO2.L vs. IHYE.L — Risk / Return Rank
XCO2.L
IHYE.L
XCO2.L vs. IHYE.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 EUR Hedged (Dist) (IHYE.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 | IHYE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.07 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.62 | -0.67 |
| Martin ratioReturn relative to average drawdown | -0.10 | 1.65 | -1.75 |
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Drawdowns
XCO2.L vs. IHYE.L - Drawdown Comparison
The maximum XCO2.L drawdown since its inception was -29.59%, which is greater than IHYE.L's maximum drawdown of -19.98%. Use the drawdown chart below to compare losses from any high point for XCO2.L and IHYE.L.
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Drawdown Indicators
| XCO2.L | IHYE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.59% | -19.98% | -9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -3.47% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -13.43% | -3.54% | -9.89% |
Max Drawdown (5Y)Largest decline over 5 years | -17.63% | -14.60% | -3.03% |
Current DrawdownCurrent decline from peak | -21.16% | -2.69% | -18.47% |
Average DrawdownAverage peak-to-trough decline | -20.14% | -5.53% | -14.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.31% | +0.46% |
Volatility
XCO2.L vs. IHYE.L - Volatility Comparison
The current volatility for Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.L) is 1.16%, while iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IHYE.L) has a volatility of 1.30%. This indicates that XCO2.L experiences smaller price fluctuations and is considered to be less risky than IHYE.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 | IHYE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.30% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 3.77% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 5.09% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.64% | 8.07% | +2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 9.44% | +1.23% |
XCO2.L vs. IHYE.L - Expense Ratio Comparison
XCO2.L has a 0.15% expense ratio, which is lower than IHYE.L's 0.55% expense ratio.
Dividends
XCO2.L vs. IHYE.L - Dividend Comparison
XCO2.L has not paid dividends to shareholders, while IHYE.L's dividend yield for the trailing twelve months is around 6.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IHYE.L iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 6.19% | 6.07% | 6.32% | 5.59% | 5.13% | 4.35% | 4.82% | 5.59% | 3.88% |
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 IHYE.L have a correlation of 0.64, 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 IHYE.L.
XCO2.L is categorized as Global Corporate Bonds, while IHYE.L is Corporate Bonds. XCO2.L tracks Bloomberg Gbl Agg Corp TR USD, while IHYE.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 IHYE.L.
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