EMVL.L vs. SDHA.L
EMVL.L (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) and SDHA.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)) are both exchange-traded funds - EMVL.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while SDHA.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, EMVL.L returned 15.75%/yr vs 4.63%/yr for SDHA.L. At a 0.48 correlation, their price movements are largely independent. EMVL.L charges 0.40%/yr vs 0.45%/yr for SDHA.L.
Performance
EMVL.L vs. SDHA.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMVL.L achieves a 38.92% return, which is significantly higher than SDHA.L's 1.82% return.
EMVL.L
- 1D
- 0.00%
- 1M
- 2.61%
- YTD
- 38.92%
- 6M
- 41.22%
- 1Y
- 69.31%
- 3Y*
- 35.90%
- 5Y*
- 15.75%
- 10Y*
- —
SDHA.L
- 1D
- 0.28%
- 1M
- 0.41%
- YTD
- 1.82%
- 6M
- 2.25%
- 1Y
- 6.44%
- 3Y*
- 7.94%
- 5Y*
- 4.63%
- 10Y*
- —
EMVL.L vs. SDHA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EMVL.L iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 38.92% | 43.13% | 14.49% | 18.37% | -16.29% | 5.29% | 7.72% | 17.64% | -2.10% |
SDHA.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) | 1.82% | 9.01% | 6.50% | 8.96% | -3.48% | 3.62% | 3.98% | 9.51% | -1.67% |
Correlation
The correlation between EMVL.L and SDHA.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2018 | 0.48 |
The correlation between EMVL.L and SDHA.L shifts across timeframes, from 0.31 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMVL.L vs. SDHA.L — Risk / Return Rank
EMVL.L
SDHA.L
EMVL.L vs. SDHA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L) and iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.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.
| EMVL.L | SDHA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.35 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.92 | 3.30 | +2.62 |
| Martin ratioReturn relative to average drawdown | 18.48 | 14.88 | +3.60 |
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Drawdowns
EMVL.L vs. SDHA.L - Drawdown Comparison
The maximum EMVL.L drawdown since its inception was -34.95%, which is greater than SDHA.L's maximum drawdown of -17.77%. Use the drawdown chart below to compare losses from any high point for EMVL.L and SDHA.L.
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Drawdown Indicators
| EMVL.L | SDHA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.95% | -17.77% | -17.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -1.95% | -9.70% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -4.48% | -11.94% |
Max Drawdown (5Y)Largest decline over 5 years | -33.55% | -8.30% | -25.25% |
Current DrawdownCurrent decline from peak | -7.47% | -0.00% | -7.47% |
Average DrawdownAverage peak-to-trough decline | -9.51% | -1.24% | -8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 0.43% | +3.31% |
Volatility
EMVL.L vs. SDHA.L - Volatility Comparison
iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L) has a higher volatility of 11.06% compared to iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) at 0.90%. This indicates that EMVL.L's price experiences larger fluctuations and is considered to be riskier than SDHA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMVL.L | SDHA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.06% | 0.90% | +10.16% |
Volatility (6M)Calculated over the trailing 6-month period | 20.02% | 2.88% | +17.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.75% | 3.56% | +19.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 5.55% | +14.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.29% | 6.40% | +14.89% |
EMVL.L vs. SDHA.L - Expense Ratio Comparison
EMVL.L has a 0.40% expense ratio, which is lower than SDHA.L's 0.45% expense ratio.
Dividends
EMVL.L vs. SDHA.L - Dividend Comparison
Neither EMVL.L nor SDHA.L has paid dividends to shareholders.
Frequently Asked Questions
EMVL.L and SDHA.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMVL.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMVL.L is cheaper with a 0.40% expense ratio, compared with 0.45% for SDHA.L.
EMVL.L is categorized as Emerging Markets Equities, while SDHA.L is High Yield Bonds. EMVL.L tracks MSCI EM NR USD, while SDHA.L tracks Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.40% for EMVL.L and 0.45% for SDHA.L.
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