Global X USD High Yield Bond ETF (Currency Hedged)
Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among Global ex-Australia fixed income funds would cost $151 (0.30% a year), so USHY is $62 dearer.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 2 Sept 2026 · 1261 securities · top 10 = 3.6%
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.2 | −0.1 | −1.6 | 2.4 | 1.0 | −0.4 | 0.1 | 1.2 | −2.6 | −0.3 | −0.0YTD | ||
| 2025 | 0.7 | 1.2 | −1.2 | 0.7 | 1.7 | 0.9 | 0.9 | 1.0 | −0.3 | 0.3 | 1.4 | −0.0 | 7.4 |
| 2024 | −1.0 | 0.5 | 0.9 | −1.3 | 1.1 | 1.1 | 1.4 | 1.4 | 2.0 | −0.9 | 1.1 | −0.8 | 5.4 |
| 2023 | 3.5 | −1.2 | 0.8 | 0.1 | −1.6 | 1.5 | 1.2 | 0.0 | −0.5 | −1.7 | 4.4 | 3.7 | 10.4 |
| 2022 | −1.0 | −3.6 | 3.2 | 0.2 | −1.4 | −2.6 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
USHY questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Global X USD High Yield Bond ETF (Currency Hedged)?
Global X USD High Yield Bond ETF (Currency Hedged) holds 1,261 securities.
Which ETFs does USHY double up with most?
No other ASX fund shares more than 10% of its holdings with USHY, and no fund's returns track it closely, so it offers a fairly distinct exposure.
How is Global X USD High Yield Bond ETF (Currency Hedged) managed – active or passive?
Global X USD High Yield Bond ETF (Currency Hedged) is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks. Its index uses a dividend approach, so it is sometimes called "smart beta".
Among Global ex-Australia fixed income funds, active funds charge a median 0.59% a year and index funds 0.26%.
What will I pay in fees for USHY?
USHY charges a management fee of 0.30% a year, about $30 for every $10,000 invested. That is cheaper than 66% of the 471 ASX ETFs we track, where the median fee is 0.44%. Among Global ex-Australia fixed income funds, the median is 0.28%.
It is the cheapest of the 2 income Global ex-Australia fixed income funds we track.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.63% for USHY.
Does Global X USD High Yield Bond ETF (Currency Hedged) follow a theme?
Its focus is income. It favours investments that pay higher, regular distributions. Over the past year it paid out 11.9% of its price, across 4 payments.
What is under the hood of USHY?
As at 2 Sept 2026, USHY's ten largest holdings are Bhccn 10 04/15/32 (0.5%), Echo 10 3/4 11/30/29 (0.5%), Tractd 6 1/2 05/01/31 (0.4%), Quikho 6 3/8 03/01/32 (0.3%), Tibx 6 1/2 03/31/29 (0.3%), Tibx 9 09/30/29 (0.3%), Dish 11 3/4 11/15/27 (0.3%), Asucor 8 12/31/32 (0.3%), Nxst 6 1/2 09/15/33 (0.3%) and Hbgcn 7 1/4 06/15/30 (0.3%). Together they make up 3.6% of the fund.
Rather than simply weighting companies by market size, its index favours companies that pay higher dividends.
How well has Global X USD High Yield Bond ETF (Currency Hedged) performed?
Based on its category, Global X USD High Yield Bond ETF (Currency Hedged) aims mainly to pay a regular income, with capital growth secondary.
To 23 Oct 2026, with distributions reinvested, it returned 1.6% over 1 year (median −0.7%; ranked 3 of 12) and 7.4% a year over 3 years (median 5.2% a year; ranked 2 of 10). The medians and rankings compare it with Global ex-Australia fixed income funds. Since listing in 2022 it has returned 5.7% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for USHY; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.30% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.