HYLA.L vs. SDHY.L
HYLA.L (iShares Global High Yield Corp 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 - HYLA.L tracks the iShares Global High Yield Corp Bond UCITS ETF while SDHY.L tracks the Markit iBoxx USD Liquid High Yield 0-5 Capped Index. Both are passively managed. Over the past 5 years, HYLA.L returned 3.15%/yr vs 4.65%/yr for SDHY.L. A 0.69 correlation means they provide meaningful diversification when combined. HYLA.L charges 0.50%/yr vs 0.45%/yr for SDHY.L.
Performance
HYLA.L vs. SDHY.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYLA.L achieves a 0.70% return, which is significantly lower than SDHY.L's 2.01% return.
HYLA.L
- 1D
- 0.12%
- 1M
- -0.32%
- 6M
- 0.56%
- YTD
- 0.70%
- 1Y
- 4.54%
- 3Y*
- 7.76%
- 5Y*
- 3.15%
- 10Y*
- —
SDHY.L
- 1D
- 0.30%
- 1M
- 0.14%
- 6M
- 1.88%
- YTD
- 2.01%
- 1Y
- 6.41%
- 3Y*
- 7.37%
- 5Y*
- 4.65%
- 10Y*
- 4.76%
HYLA.L vs. SDHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYLA.L iShares Global High Yield Corp Bond UCITS ETF | 0.70% | 14.45% | 2.59% | 13.39% | -11.81% | -0.14% | 7.57% | 11.83% | -3.50% | -0.18% |
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist | 2.01% | 8.90% | 6.50% | 8.75% | -3.27% | 3.42% | 4.07% | 9.61% | 0.27% | -0.19% |
Correlation
The correlation between HYLA.L and SDHY.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.69 |
The correlation between HYLA.L and SDHY.L shifts across timeframes, from 0.52 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYLA.L vs. SDHY.L — Risk / Return Rank
HYLA.L
SDHY.L
HYLA.L vs. SDHY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corp Bond UCITS ETF (HYLA.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.
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.
| HYLA.L | SDHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.35 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 3.49 | -2.61 |
| Martin ratioReturn relative to average drawdown | 2.95 | 15.20 | -12.25 |
Loading charts...
Drawdowns
HYLA.L vs. SDHY.L - Drawdown Comparison
The maximum HYLA.L drawdown since its inception was -24.42%, which is greater than SDHY.L's maximum drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for HYLA.L and SDHY.L.
Loading charts...
Drawdown Indicators
| HYLA.L | SDHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.42% | -18.94% | -5.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.62% | -1.83% | -2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -5.65% | -4.51% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -8.41% | -14.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.94% | — |
Current DrawdownCurrent decline from peak | -1.04% | -0.03% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -1.27% | -2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.42% | +0.96% |
Volatility
HYLA.L vs. SDHY.L - Volatility Comparison
iShares Global High Yield Corp Bond UCITS ETF (HYLA.L) has a higher volatility of 1.39% compared to iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.L) at 1.01%. This indicates that HYLA.L's price experiences larger fluctuations and is considered to be riskier than SDHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HYLA.L | SDHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.01% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 2.82% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 3.46% | +2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 5.47% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 6.29% | +2.96% |
HYLA.L vs. SDHY.L - Expense Ratio Comparison
HYLA.L has a 0.50% expense ratio, which is higher than SDHY.L's 0.45% expense ratio.
Dividends
HYLA.L vs. SDHY.L - Dividend Comparison
HYLA.L has not paid dividends to shareholders, while SDHY.L's dividend yield for the trailing twelve months is around 6.73%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLA.L iShares Global High Yield Corp 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 | 6.73% | 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
HYLA.L and SDHY.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SDHY.L is cheaper with a 0.45% expense ratio, compared with 0.50% for HYLA.L.
HYLA.L tracks iShares Global High Yield Corp Bond UCITS ETF, while SDHY.L tracks Markit iBoxx USD Liquid High Yield 0-5 Capped Index. Their fees differ too: 0.50% for HYLA.L and 0.45% for SDHY.L.
Find the right allocation for HYLA.L and SDHY.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer