XCOU.L vs. HYLD.L
XCOU.L (Lyxor Global Green Bond 1-10Y UCITS ETF USD Hedged Acc) and HYLD.L (iShares Global High Yield Corp Bond UCITS ETF USD (Dist)) are both Global Corporate Bonds funds - XCOU.L tracks the Bloomberg Gbl Agg Corp 0901 TR Hdg USD while HYLD.L tracks the Markit iBoxx Global Developed Markets Liquid High Yield Capped (USD) Index. Both are passively managed. Over the past 3 years, XCOU.L returned 5.36%/yr vs 7.53%/yr for HYLD.L. At a 0.39 correlation, their price movements are largely independent. XCOU.L charges 0.15%/yr vs 0.50%/yr for HYLD.L.
Performance
XCOU.L vs. HYLD.L - Performance Comparison
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Returns By Period
In the year-to-date period, XCOU.L achieves a 0.81% return, which is significantly higher than HYLD.L's 0.39% return.
XCOU.L
- 1D
- -0.08%
- 1M
- -0.54%
- 6M
- 0.50%
- YTD
- 0.81%
- 1Y
- 2.84%
- 3Y*
- 5.36%
- 5Y*
- —
- 10Y*
- —
HYLD.L
- 1D
- -0.18%
- 1M
- -0.54%
- 6M
- 0.72%
- YTD
- 0.39%
- 1Y
- 4.18%
- 3Y*
- 7.53%
- 5Y*
- 3.03%
- 10Y*
- 4.32%
XCOU.L vs. HYLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XCOU.L Lyxor Global Green Bond 1-10Y UCITS ETF USD Hedged Acc | 0.81% | 5.28% | 4.41% | 8.47% | -4.13% |
HYLD.L iShares Global High Yield Corp Bond UCITS ETF USD (Dist) | 0.39% | 14.42% | 2.61% | 13.55% | 0.39% |
Correlation
The correlation between XCOU.L and HYLD.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 11, 2022 | 0.39 |
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Return for Risk
XCOU.L vs. HYLD.L — Risk / Return Rank
XCOU.L
HYLD.L
XCOU.L vs. HYLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Global Green Bond 1-10Y UCITS ETF USD Hedged Acc (XCOU.L) and iShares Global High Yield Corp Bond UCITS ETF USD (Dist) (HYLD.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.
| XCOU.L | HYLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.14 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 0.99 | +0.21 |
| Martin ratioReturn relative to average drawdown | 3.83 | 3.27 | +0.56 |
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Drawdowns
XCOU.L vs. HYLD.L - Drawdown Comparison
The maximum XCOU.L drawdown since its inception was -7.95%, smaller than the maximum HYLD.L drawdown of -23.53%. Use the drawdown chart below to compare losses from any high point for XCOU.L and HYLD.L.
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Drawdown Indicators
| XCOU.L | HYLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.95% | -23.53% | +15.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -4.21% | +1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -2.46% | -5.36% | +2.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.53% | — |
Current DrawdownCurrent decline from peak | -0.92% | -1.25% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -1.52% | -3.79% | +2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 1.28% | -0.50% |
Volatility
XCOU.L vs. HYLD.L - Volatility Comparison
The current volatility for Lyxor Global Green Bond 1-10Y UCITS ETF USD Hedged Acc (XCOU.L) is 0.75%, while iShares Global High Yield Corp Bond UCITS ETF USD (Dist) (HYLD.L) has a volatility of 1.25%. This indicates that XCOU.L experiences smaller price fluctuations and is considered to be less risky than HYLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCOU.L | HYLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 1.25% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 4.20% | -1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.66% | 5.49% | -2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.06% | 8.30% | -4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 8.57% | -4.51% |
XCOU.L vs. HYLD.L - Expense Ratio Comparison
XCOU.L has a 0.15% expense ratio, which is lower than HYLD.L's 0.50% expense ratio.
Dividends
XCOU.L vs. HYLD.L - Dividend Comparison
XCOU.L has not paid dividends to shareholders, while HYLD.L's dividend yield for the trailing twelve months is around 7.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLD.L iShares Global High Yield Corp Bond UCITS ETF USD (Dist) | 7.11% | 5.32% | 5.61% | 4.70% | 4.01% | 3.95% | 4.42% | 4.77% | 4.98% | 4.73% | 5.08% | 5.31% |
XCOU.L Lyxor Global Green Bond 1-10Y UCITS ETF USD Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XCOU.L and HYLD.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCOU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCOU.L is cheaper with a 0.15% expense ratio, compared with 0.50% for HYLD.L.
XCOU.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD, while HYLD.L tracks Markit iBoxx Global Developed Markets Liquid High Yield Capped (USD) Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for XCOU.L and 0.50% for HYLD.L.
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