IGHY.L vs. SDHY.L
IGHY.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 - IGHY.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. Over the past 10 years, IGHY.L returned 0.37%/yr vs 5.73%/yr for SDHY.L. A 0.71 correlation means they provide meaningful diversification when combined. IGHY.L charges 0.50%/yr vs 0.45%/yr for SDHY.L.
Performance
IGHY.L vs. SDHY.L - Performance Comparison
Loading charts...
Different Trading Currencies
IGHY.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, IGHY.L achieves a -2.13% return, which is significantly lower than SDHY.L's 1.84% return. Over the past 10 years, IGHY.L has underperformed SDHY.L with an annualized return of 0.37%, while SDHY.L has yielded a comparatively higher 5.73% annualized return.
IGHY.L
- 1D
- 0.16%
- 1M
- 1.11%
- YTD
- -2.13%
- 6M
- -1.93%
- 1Y
- 1.29%
- 3Y*
- 0.50%
- 5Y*
- -0.88%
- 10Y*
- 0.37%
SDHY.L
- 1D
- 0.13%
- 1M
- 1.09%
- YTD
- 1.84%
- 6M
- 1.40%
- 1Y
- 8.23%
- 3Y*
- 4.91%
- 5Y*
- 5.74%
- 10Y*
- 5.73%
IGHY.L vs. SDHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | -2.13% | 1.20% | -1.38% | 1.98% | -5.02% | -3.21% | -0.41% | 3.09% | -2.90% | -4.78% |
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist | 1.84% | 1.14% | 8.36% | 3.31% | 8.23% | 4.40% | 1.01% | 5.44% | 6.21% | -4.75% |
Correlation
The correlation between IGHY.L and SDHY.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2013 | 0.71 |
The correlation between IGHY.L and SDHY.L shifts across timeframes, from 0.59 (1 year) to 0.71 (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
IGHY.L vs. SDHY.L — Risk / Return Rank
IGHY.L
SDHY.L
IGHY.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 (IGHY.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.
| IGHY.L | SDHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.23 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 2.08 | -1.83 |
| Martin ratioReturn relative to average drawdown | 0.64 | 6.47 | -5.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IGHY.L | SDHY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 1.32 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.69 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | 0.58 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.59 | -0.78 |
Drawdowns
IGHY.L vs. SDHY.L - Drawdown Comparison
The maximum IGHY.L drawdown since its inception was -38.62%, which is greater than SDHY.L's maximum drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for IGHY.L and SDHY.L.
Loading charts...
Drawdown Indicators
| IGHY.L | SDHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -13.12% | -25.50% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -3.94% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -6.33% | -8.65% | +2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -11.28% | -11.99% | +0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -20.95% | -13.12% | -7.83% |
Current DrawdownCurrent decline from peak | -29.35% | -0.61% | -28.74% |
Average DrawdownAverage peak-to-trough decline | -27.58% | -4.07% | -23.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 1.27% | +0.73% |
Volatility
IGHY.L vs. SDHY.L - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) is 1.33%, while iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.L) has a volatility of 1.95%. This indicates that IGHY.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
| IGHY.L | SDHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.95% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 4.74% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.24% | 6.24% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.25% | 8.31% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.12% | 9.85% | -0.73% |
IGHY.L vs. SDHY.L - Expense Ratio Comparison
IGHY.L has a 0.50% expense ratio, which is higher than SDHY.L's 0.45% expense ratio.
Dividends
IGHY.L vs. SDHY.L - Dividend Comparison
IGHY.L's dividend yield for the trailing twelve months is around 0.06%, less than SDHY.L's 8.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | 0.06% | 0.05% | 0.05% | 0.05% | 0.04% | 0.04% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist | 8.31% | 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
IGHY.L and SDHY.L have a correlation of 0.59, 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 IGHY.L.
IGHY.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 IGHY.L and 0.45% for SDHY.L.
Find the right allocation for IGHY.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