DHYA.L vs. SDHG.L
DHYA.L (iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)) and SDHG.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds from iShares tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, DHYA.L returned 3.78%/yr vs 6.44%/yr for SDHG.L. At a 0.46 correlation, their price movements are largely independent. DHYA.L charges 0.25%/yr vs 0.45%/yr for SDHG.L.
Performance
DHYA.L vs. SDHG.L - Performance Comparison
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Different Trading Currencies
DHYA.L is traded in USD, while SDHG.L is traded in GBP. To make them comparable, the SDHG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DHYA.L achieves a 1.20% return, which is significantly lower than SDHG.L's 1.87% return.
DHYA.L
- 1D
- -0.09%
- 1M
- 0.09%
- YTD
- 1.20%
- 6M
- 1.69%
- 1Y
- 6.66%
- 3Y*
- 8.68%
- 5Y*
- 3.78%
- 10Y*
- —
SDHG.L
- 1D
- -0.10%
- 1M
- 0.21%
- YTD
- 1.87%
- 6M
- 3.86%
- 1Y
- 10.03%
- 3Y*
- 9.87%
- 5Y*
- 6.44%
- 10Y*
- 6.76%
DHYA.L vs. SDHG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) | 1.20% | 8.50% | 8.26% | 12.25% | -12.01% | 3.82% | 7.49% | 0.45% |
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 1.87% | 11.52% | 8.50% | 10.02% | -2.49% | 5.64% | 5.04% | 2.53% |
Correlation
The correlation between DHYA.L and SDHG.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 | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2019 | 0.46 |
The correlation between DHYA.L and SDHG.L shifts across timeframes, from 0.39 (1 year) to 0.52 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DHYA.L vs. SDHG.L — Risk / Return Rank
DHYA.L
SDHG.L
DHYA.L vs. SDHG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L) and iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.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.
| DHYA.L | SDHG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.38 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 5.44 | -2.86 |
| Martin ratioReturn relative to average drawdown | 11.33 | 21.91 | -10.58 |
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
| DHYA.L | SDHG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 2.03 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.98 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.88 | -0.43 |
Drawdowns
DHYA.L vs. SDHG.L - Drawdown Comparison
The maximum DHYA.L drawdown since its inception was -16.70%, smaller than the maximum SDHG.L drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for DHYA.L and SDHG.L.
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Drawdown Indicators
| DHYA.L | SDHG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.70% | -17.90% | +1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -1.85% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -5.13% | -4.60% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -8.65% | -7.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.90% | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.32% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -1.22% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.46% | +0.13% |
Volatility
DHYA.L vs. SDHG.L - Volatility Comparison
iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L) has a higher volatility of 1.53% compared to iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) at 1.25%. This indicates that DHYA.L's price experiences larger fluctuations and is considered to be riskier than SDHG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHYA.L | SDHG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.25% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 3.76% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 4.95% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 6.59% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.19% | 7.28% | +2.91% |
DHYA.L vs. SDHG.L - Expense Ratio Comparison
DHYA.L has a 0.25% expense ratio, which is lower than SDHG.L's 0.45% expense ratio.
Dividends
DHYA.L vs. SDHG.L - Dividend Comparison
DHYA.L has not paid dividends to shareholders, while SDHG.L's dividend yield for the trailing twelve months is around 11.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (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% |
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 11.18% | 8.87% | 8.03% | 7.20% | 5.20% | 5.72% | 6.58% | 6.95% | 7.01% | 7.33% | 6.99% | 7.49% |
Frequently Asked Questions
DHYA.L and SDHG.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.
On fees, DHYA.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DHYA.L is cheaper with a 0.25% expense ratio, compared with 0.45% for SDHG.L.
Both ETFs track Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.25% for DHYA.L and 0.45% for SDHG.L.
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