XUHY.L vs. HYUS.L
XUHY.L (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) and HYUS.L (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) are both High Yield Bonds funds tracking the Bloomberg US Corporate High Yield TR USD, from Xtrackers and iShares respectively. Both are passively managed. Over the past 3 years, XUHY.L returned 8.86%/yr vs 8.87%/yr for HYUS.L. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
XUHY.L vs. HYUS.L - Performance Comparison
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Returns By Period
In the year-to-date period, XUHY.L achieves a 1.63% return, which is significantly higher than HYUS.L's 1.22% return.
XUHY.L
- 1D
- 0.08%
- 1M
- 0.28%
- YTD
- 1.63%
- 6M
- 2.42%
- 1Y
- 7.61%
- 3Y*
- 8.86%
- 5Y*
- 3.95%
- 10Y*
- —
HYUS.L
- 1D
- -0.00%
- 1M
- 0.03%
- YTD
- 1.22%
- 6M
- 2.05%
- 1Y
- 6.87%
- 3Y*
- 8.87%
- 5Y*
- —
- 10Y*
- —
XUHY.L vs. HYUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XUHY.L Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 1.63% | 9.20% | 7.08% | 13.52% | -5.80% |
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 1.22% | 8.62% | 8.28% | 12.85% | -5.88% |
Correlation
The correlation between XUHY.L and HYUS.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022 | 0.75 |
The correlation between XUHY.L and HYUS.L shifts across timeframes, from 0.63 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XUHY.L vs. HYUS.L — Risk / Return Rank
XUHY.L
HYUS.L
XUHY.L vs. HYUS.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 USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.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.
| XUHY.L | HYUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 3.01 | -0.21 |
| Martin ratioReturn relative to average drawdown | 12.55 | 12.39 | +0.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XUHY.L | HYUS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.84 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.87 | -0.28 |
Drawdowns
XUHY.L vs. HYUS.L - Drawdown Comparison
The maximum XUHY.L drawdown since its inception was -22.78%, which is greater than HYUS.L's maximum drawdown of -10.49%. Use the drawdown chart below to compare losses from any high point for XUHY.L and HYUS.L.
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Drawdown Indicators
| XUHY.L | HYUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.78% | -10.49% | -12.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -2.29% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -4.78% | -5.06% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -16.60% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.13% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -2.93% | -1.67% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.56% | +0.02% |
Volatility
XUHY.L vs. HYUS.L - Volatility Comparison
Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.L) and iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) have volatilities of 1.45% and 1.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUHY.L | HYUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.39% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 2.95% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 3.75% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 6.69% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.62% | 6.69% | +1.93% |
XUHY.L vs. HYUS.L - Expense Ratio Comparison
Both XUHY.L and HYUS.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XUHY.L vs. HYUS.L - Dividend Comparison
XUHY.L's dividend yield for the trailing twelve months is around 6.64%, less than HYUS.L's 9.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 9.21% | 7.38% | 7.54% | 6.30% | 1.52% | 0.00% | 0.00% | 0.00% |
XUHY.L Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 6.64% | 6.29% | 7.64% | 5.89% | 6.12% | 9.57% | 5.49% | 4.83% |
Frequently Asked Questions
XUHY.L and HYUS.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XUHY.L and HYUS.L have the same expense ratio: 0.20% per year.
Both ETFs track Bloomberg US Corporate High Yield TR USD. They also come from different issuers: Xtrackers and iShares.
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