USHY vs IHHY - Compare ETFs side by side

At a glance

Comparing USHY and IHHY. USHY has the lower management fee at 0.3% a year, IHHY has the higher 3 years return at 7% a year, and USHY offers the higher at 11.53%.

Lower fee

USHY 0.3% p.a.

Higher 3 years return

IHHY 7% p.a.

Higher yield

USHY 11.53%

Higher risk-adjusted

IHHY Sharpe 0.87 (3y)

Lower volatility

IHHY 3.2% (3y)

Larger fund

IHHY $241m

Side-by-side comparison

Metric	USHY Global X USD High Yield Bond ETF (Currency Hedged)	IHHY iShares Global High Yield Bond (AUD Hedged) ETF
Snapshot
Provider	Global X	iShares
Tracks index	—	—
Categories	Bonds, Intl	Bonds, Intl
Listed since	—	—
Fund size (AUM)	$14m	$241m
Cost & income
Management fee	0.3%	0.61%
Dividend yield	11.53%	6.92%
Franking	0%	0%
Turnover	—	—
Tax drag	3.69%	2.21%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	4.5% net	4.4% net
3-year return	6.6% net	7% net
5-year return	—	2.9% net
10-year return	—	3.9% net
Risk
Volatility (3y)	4.2%	3.2%
Volatility (5y)	—	6.2%
Volatility (10y)	—	7.1%
Sharpe ratio (3y)	0.59	0.87
Sharpe ratio (5y)	—	—
Sharpe ratio (10y)	—	0.26
Bid/ask spread	—	—

marks the strongest fund in each row. “net” shows the after-tax return at your selected bracket. “—” means we don’t have that data point yet.

Each fund at a glance

USHY Global X USD High Yield Bond ETF (Currency Hedged)

Low-cost: a 0.3% management fee keeps more of the return in your pocket.
High 11.53% income yield — good for investors who want regular cash flow.

That income is taxed yearly at your marginal rate, so it's less efficient for higher earners.

Full USHY analysis →

IHHY iShares Global High Yield Bond (AUD Hedged) ETF

High 6.92% income yield — good for investors who want regular cash flow.
Low volatility (7.1% over 10 years) for a smoother ride.

Has lagged most peers over 10 years (81st of 108).

Full IHHY analysis →

Frequently Asked Questions

What's the difference between USHY vs IHHY?

USHY and IHHY are 2 Australian-listed ETFs we compare side by side. USHY carries the lower management fee (0.3%). Over 3 years, IHHY has delivered the higher total return (7% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - USHY vs IHHY?

USHY has the lower management fee at 0.3% a year, versus IHHY 0.61%.

Which has performed higher - USHY vs IHHY?

Over the past 3 years, IHHY has delivered the higher total return at 7% a year. Past performance is not a reliable indicator of future returns.

Which pays the higher dividend yield?

USHY pays the higher at 11.53%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

IHHY is the larger fund by assets ($241m). Larger funds are typically more liquid and trade on tighter spreads.

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General information only, generated from each fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.