PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HYSD.L vs. SDHY.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HYSD.L vs. SDHY.L

Last updated Jul 16, 2026
Documentation

HYSD.L (iShares Broad $ 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 - HYSD.L tracks the iShares Broad $ 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 3 years, HYSD.L returned 8.23%/yr vs 6.20%/yr for SDHY.L. At a 0.11 correlation, their price movements are largely independent.

Performance

HYSD.L vs. SDHY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Broad $ High Yield Corp Bond UCITS ETF (HYSD.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.

Loading charts...

Different Trading Currencies

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

Returns By Period

In the year-to-date period, HYSD.L achieves a 2.22% return, which is significantly higher than SDHY.L's 1.59% return.

HYSD.L

1D
0.36%
1M
0.36%
6M
1.62%
YTD
2.22%
1Y
6.13%
3Y*
8.23%
5Y*
—
10Y*
—

SDHY.L

1D
-0.74%
1M
-0.74%
6M
1.26%
YTD
1.59%
1Y
5.28%
3Y*
6.20%
5Y*
5.02%
10Y*
4.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HYSD.L vs. SDHY.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
HYSD.L
iShares Broad $ High Yield Corp Bond UCITS ETF		2.22%8.24%7.60%11.75%-3.60%
SDHY.L
iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist		1.59%1.14%8.36%3.31%0.31%

Correlation

The correlation between HYSD.L and SDHY.L is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.10

Correlation (3Y)
Calculated over the trailing 3-year period

0.15

Correlation (All Time)
Calculated using the full available price history since Aug 3, 2022

0.11

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Broad $ High Yield Corp Bond UCITS ETF

iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist

Often compared with SDHY.L:
SDHY.L vs. JHYU.LSDHY.L vs. JNKS.LSDHY.L vs. STHE.LSDHY.L vs. EHYG.LSDHY.L vs. GLDSDHY.L vs. JGYH.LSDHY.L vs. GHYU.L

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HYSD.L
HYSD.L Risk / Return Rank: 6464
Overall Rank
HYSD.L Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
HYSD.L Sortino Ratio Rank: 6262
Sortino Ratio Rank
HYSD.L Omega Ratio Rank: 6565
Omega Ratio Rank
HYSD.L Calmar Ratio Rank: 6363
Calmar Ratio Rank
HYSD.L Martin Ratio Rank: 7575
Martin Ratio Rank
SDHY.L
SDHY.L Risk / Return Rank: 7979
Overall Rank
SDHY.L Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
SDHY.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
SDHY.L Omega Ratio Rank: 7373
Omega Ratio Rank
SDHY.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
SDHY.L Martin Ratio Rank: 8888
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Broad $ High Yield Corp Bond UCITS ETF (HYSD.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.

HYSD.LSDHY.LDifference
Sharpe ratioReturn per unit of total volatility
1.57
0.84

+0.73

Sortino ratioReturn per unit of downside risk
2.35
1.25

+1.09

Omega ratioGain probability vs. loss probability

1.31

1.15

+0.17

Calmar ratioReturn relative to maximum drawdown

2.53

1.33

+1.19

Martin ratioReturn relative to average drawdown

11.10

4.10

+7.01

HYSD.L vs. SDHY.L - Sharpe Ratio Comparison

The current HYSD.L Sharpe Ratio is 1.57, which is higher than the SDHY.L Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of HYSD.L and SDHY.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

HYSD.L vs. SDHY.L - Drawdown Comparison

The maximum HYSD.L drawdown since its inception was -9.53%, smaller than the maximum SDHY.L drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for HYSD.L and SDHY.L.

Loading charts...

Drawdown Indicators

HYSD.LSDHY.LDifference

Max Drawdown

Largest peak-to-trough decline

-9.53%

-13.12%

+3.59%

Max Drawdown (1Y)

Largest decline over 1 year

-2.42%

-3.94%

+1.52%

Max Drawdown (3Y)

Largest decline over 3 years

-5.02%

-8.65%

+3.63%

Max Drawdown (5Y)

Largest decline over 5 years

—

-11.99%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-13.12%

—

Current Drawdown

Current decline from peak

0.00%

-2.30%

+2.30%

Average Drawdown

Average peak-to-trough decline

-1.50%

-4.04%

+2.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.55%

1.29%

-0.74%

Volatility

HYSD.L vs. SDHY.L - Volatility Comparison

The current volatility for iShares Broad $ High Yield Corp Bond UCITS ETF (HYSD.L) is 0.97%, while iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.L) has a volatility of 2.05%. This indicates that HYSD.L experiences smaller price fluctuations and is considered to be less risky than SDHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

HYSD.LSDHY.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.97%

2.05%

-1.08%

Volatility (6M)

Calculated over the trailing 6-month period

3.15%

4.88%

-1.73%

Volatility (1Y)

Calculated over the trailing 1-year period

3.89%

6.25%

-2.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.09%

8.30%

-2.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.09%

9.34%

-3.25%

Dividends

HYSD.L vs. SDHY.L - Dividend Comparison

HYSD.L's dividend yield for the trailing twelve months is around 11.04%, more than SDHY.L's 6.73% yield.

PositionTTM20252024202320222021202020192018201720162015
HYSD.L
iShares Broad $ High Yield Corp Bond UCITS ETF		11.04%7.39%7.39%5.61%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

HYSD.L and SDHY.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HYSD.L tracks iShares Broad $ High Yield Corp Bond UCITS ETF, while SDHY.L tracks Markit iBoxx USD Liquid High Yield 0-5 Capped Index.

Portfolio Optimizer

Find the right allocation for HYSD.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