HYEA.L vs. SDHY.L

Last updated Jun 6, 2026

HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) and SDHY.L ( iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist) are both High Yield Bonds funds from iShares - HYEA.L tracks the ICE BofA Gbl HY Constnd TR USD while SDHY.L tracks the Markit iBoxx USD Liquid High Yield 0-5 Capped Index. Both are passively managed. HYEA.L charges 0.50%/yr vs 0.45%/yr for SDHY.L.

Performance

HYEA.L vs. SDHY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) and iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HYEA.L is traded in EUR, while SDHY.L is traded in USD. To make them comparable, the SDHY.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

HYEA.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SDHY.L

• 1D: 0.71%
• 1M: 1.95%
• YTD: 3.32%
• 6M: 3.10%
• 1Y: 6.16%
• 3Y*: 5.00%
• 5Y*: 5.73%
• 10Y*: 4.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

HYEA.L vs. SDHY.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SDHY.L

SDHY.L Risk / Return Rank: 76
SDHY.L Sharpe Ratio Rank: 67
SDHY.L Sortino Ratio Rank: 76
SDHY.L Omega Ratio Rank: 69
SDHY.L Calmar Ratio Rank: 80
SDHY.L Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYEA.L vs. SDHY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) and iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HYEA.L	SDHY.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.01	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.60	—

Drawdowns

Drawdown Indicators

	HYEA.L	SDHY.L	Difference
Max Drawdown Largest peak-to-trough decline	—	-18.39%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.48%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.39%	—
Current Drawdown Current decline from peak	—	-2.69%	—
Average Drawdown Average peak-to-trough decline	—	-4.23%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.04%	—

Volatility

Volatility by Period

	HYEA.L	SDHY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	6.07%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	7.85%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	8.73%	—

HYEA.L vs. SDHY.L - Expense Ratio Comparison

HYEA.L has a 0.50% expense ratio, which is higher than SDHY.L's 0.45% expense ratio.

Dividends

HYEA.L vs. SDHY.L - Dividend Comparison

HYEA.L has not paid dividends to shareholders, while SDHY.L's dividend yield for the trailing twelve months is around 8.32%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist	8.32%	6.59%	6.41%	5.64%	4.31%	4.24%	4.80%	5.26%	5.48%	5.42%	5.68%	5.05%

Frequently Asked Questions

Which ETF is better, HYEA.L or SDHY.L?

On fees, SDHY.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYEA.L or SDHY.L?

SDHY.L is cheaper with a 0.45% expense ratio, compared with 0.50% for HYEA.L.

What is the main difference between HYEA.L and SDHY.L?

HYEA.L tracks ICE BofA Gbl HY Constnd TR USD, while SDHY.L tracks Markit iBoxx USD Liquid High Yield 0-5 Capped Index. Their fees differ too: 0.50% for HYEA.L and 0.45% for SDHY.L.