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XUHY.L vs. HYSD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XUHY.L vs. HYSD.L

Last updated Jul 16, 2026
Documentation

XUHY.L (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) and HYSD.L (iShares Broad $ High Yield Corp Bond UCITS ETF) are both High Yield Bonds funds - XUHY.L tracks the Bloomberg US Corporate High Yield TR USD while HYSD.L tracks the iShares Broad $ High Yield Corp Bond UCITS ETF. Both are passively managed. Over the past 3 years, XUHY.L returned 8.42%/yr vs 9.36%/yr for HYSD.L. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

XUHY.L vs. HYSD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.L) and iShares Broad $ High Yield Corp Bond UCITS ETF (HYSD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XUHY.L is traded in USD, while HYSD.L is traded in GBP. To make them comparable, the HYSD.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XUHY.L achieves a 2.18% return, which is significantly lower than HYSD.L's 2.45% return.

XUHY.L

1D
0.39%
1M
-0.15%
6M
1.95%
YTD
2.18%
1Y
6.91%
3Y*
8.42%
5Y*
3.85%
10Y*
—

HYSD.L

1D
0.00%
1M
0.90%
6M
1.97%
YTD
2.45%
1Y
6.98%
3Y*
9.36%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XUHY.L vs. HYSD.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
XUHY.L
Xtrackers USD High Yield Corporate Bond UCITS ETF 1D		2.18%9.17%7.06%13.56%-3.16%
HYSD.L
iShares Broad $ High Yield Corp Bond UCITS ETF		2.45%16.41%5.80%17.64%-4.06%

Correlation

The correlation between XUHY.L and HYSD.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.39

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

0.51

Correlation (All Time)
Calculated using the full available price history since Aug 3, 2022

0.53

The correlation between XUHY.L and HYSD.L shifts across timeframes, from 0.39 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.

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Xtrackers USD High Yield Corporate Bond UCITS ETF 1D

iShares Broad $ High Yield Corp Bond UCITS ETF

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Return for Risk

XUHY.L vs. HYSD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XUHY.L
XUHY.L Risk / Return Rank: 6363
Overall Rank
XUHY.L Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
XUHY.L Sortino Ratio Rank: 5959
Sortino Ratio Rank
XUHY.L Omega Ratio Rank: 5454
Omega Ratio Rank
XUHY.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
XUHY.L Martin Ratio Rank: 7878
Martin Ratio Rank
HYSD.L
HYSD.L Risk / Return Rank: 6464
Overall Rank
HYSD.L Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
HYSD.L Sortino Ratio Rank: 6262
Sortino Ratio Rank
HYSD.L Omega Ratio Rank: 6565
Omega Ratio Rank
HYSD.L Calmar Ratio Rank: 6363
Calmar Ratio Rank
HYSD.L Martin Ratio Rank: 7575
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.

XUHY.L vs. HYSD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.L) and iShares Broad $ High Yield Corp Bond UCITS ETF (HYSD.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.

XUHY.LHYSD.LDifference
Sharpe ratioReturn per unit of total volatility
1.53
0.78

+0.75

Sortino ratioReturn per unit of downside risk
2.26
1.16

+1.10

Omega ratioGain probability vs. loss probability

1.28

1.14

+0.14

Calmar ratioReturn relative to maximum drawdown

2.71

1.02

+1.69

Martin ratioReturn relative to average drawdown

11.64

2.67

+8.97

XUHY.L vs. HYSD.L - Sharpe Ratio Comparison

The current XUHY.L Sharpe Ratio is 1.53, which is higher than the HYSD.L Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of XUHY.L and HYSD.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

XUHY.L vs. HYSD.L - Drawdown Comparison

The maximum XUHY.L drawdown since its inception was -22.80%, which is greater than HYSD.L's maximum drawdown of -20.02%. Use the drawdown chart below to compare losses from any high point for XUHY.L and HYSD.L.

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Drawdown Indicators

XUHY.LHYSD.LDifference

Max Drawdown

Largest peak-to-trough decline

-22.80%

-20.02%

-2.78%

Max Drawdown (1Y)

Largest decline over 1 year

-2.54%

-6.47%

+3.93%

Max Drawdown (3Y)

Largest decline over 3 years

-4.74%

-9.49%

+4.75%

Max Drawdown (5Y)

Largest decline over 5 years

-16.57%

—

—

Current Drawdown

Current decline from peak

-0.15%

-1.07%

+0.92%

Average Drawdown

Average peak-to-trough decline

-2.89%

-3.24%

+0.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.59%

2.49%

-1.90%

Volatility

XUHY.L vs. HYSD.L - Volatility Comparison

The current volatility for Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.L) is 0.86%, while iShares Broad $ High Yield Corp Bond UCITS ETF (HYSD.L) has a volatility of 2.14%. This indicates that XUHY.L experiences smaller price fluctuations and is considered to be less risky than HYSD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XUHY.LHYSD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.86%

2.14%

-1.28%

Volatility (6M)

Calculated over the trailing 6-month period

3.60%

6.54%

-2.94%

Volatility (1Y)

Calculated over the trailing 1-year period

4.50%

8.55%

-4.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.59%

12.08%

-4.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.59%

12.08%

-3.49%

Dividends

XUHY.L vs. HYSD.L - Dividend Comparison

XUHY.L's dividend yield for the trailing twelve months is around 6.60%, less than HYSD.L's 11.04% yield.

PositionTTM2025202420232022202120202019
HYSD.L
iShares Broad $ High Yield Corp Bond UCITS ETF		11.04%7.39%7.39%5.61%0.00%0.00%0.00%0.00%
XUHY.L
Xtrackers USD High Yield Corporate Bond UCITS ETF 1D		6.60%6.29%7.63%5.89%6.12%9.56%5.49%4.83%

Frequently Asked Questions

XUHY.L and HYSD.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XUHY.L tracks Bloomberg US Corporate High Yield TR USD, while HYSD.L tracks iShares Broad $ High Yield Corp Bond UCITS ETF. They also come from different issuers: Xtrackers and iShares.

Portfolio Optimizer

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