RISE.L vs. SDHG.L
RISE.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF) and SDHG.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds from iShares - RISE.L tracks the ICE BofA Gbl HY Constnd TR USD while SDHG.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, RISE.L returned 4.64%/yr vs 7.59%/yr for SDHG.L. A 0.79 correlation means they provide meaningful diversification when combined. RISE.L charges 0.50%/yr vs 0.45%/yr for SDHG.L.
Performance
RISE.L vs. SDHG.L - Performance Comparison
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Different Trading Currencies
RISE.L is traded in GBp, while SDHG.L is traded in GBP. To make them comparable, the SDHG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, RISE.L achieves a 1.29% return, which is significantly lower than SDHG.L's 2.17% return.
RISE.L
- 1D
- 0.13%
- 1M
- 1.26%
- YTD
- 1.29%
- 6M
- 1.50%
- 1Y
- 9.82%
- 3Y*
- 6.74%
- 5Y*
- 4.64%
- 10Y*
- —
SDHG.L
- 1D
- 0.26%
- 1M
- 1.12%
- YTD
- 2.17%
- 6M
- 3.15%
- 1Y
- 11.14%
- 3Y*
- 7.16%
- 5Y*
- 7.59%
- 10Y*
- 7.60%
RISE.L vs. SDHG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RISE.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 1.29% | 5.86% | 5.76% | 7.62% | -3.13% | 4.04% | 14.09% | 13.14% | 2.07% | 3.75% |
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.17% | 3.69% | 10.34% | 4.51% | 9.19% | 6.61% | 1.92% | 7.77% | 7.80% | -3.56% |
Correlation
The correlation between RISE.L and SDHG.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2016 | 0.79 |
The correlation between RISE.L and SDHG.L has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.
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Return for Risk
RISE.L vs. SDHG.L — Risk / Return Rank
RISE.L
SDHG.L
RISE.L vs. SDHG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels High Yield Corporate Bond UCITS ETF (RISE.L) and iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.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.
| RISE.L | SDHG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 3.63 | -0.21 |
| Martin ratioReturn relative to average drawdown | 10.87 | 11.43 | -0.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RISE.L | SDHG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.85 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 1.00 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.86 | -0.01 |
Drawdowns
RISE.L vs. SDHG.L - Drawdown Comparison
The maximum RISE.L drawdown since its inception was -14.31%, which is greater than SDHG.L's maximum drawdown of -11.44%. Use the drawdown chart below to compare losses from any high point for RISE.L and SDHG.L.
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Drawdown Indicators
| RISE.L | SDHG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -11.44% | -2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -3.00% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -6.65% | -8.95% | +2.30% |
Max Drawdown (5Y)Largest decline over 5 years | -10.05% | -10.53% | +0.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.44% | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.37% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -3.15% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.95% | -0.05% |
Volatility
RISE.L vs. SDHG.L - Volatility Comparison
The current volatility for iShares Fallen Angels High Yield Corporate Bond UCITS ETF (RISE.L) is 1.24%, while iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) has a volatility of 1.48%. This indicates that RISE.L experiences smaller price fluctuations and is considered to be less risky than SDHG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RISE.L | SDHG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.48% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 4.11% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.90% | 5.88% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 7.58% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.83% | 9.19% | -0.36% |
RISE.L vs. SDHG.L - Expense Ratio Comparison
RISE.L has a 0.50% expense ratio, which is higher than SDHG.L's 0.45% expense ratio.
Dividends
RISE.L vs. SDHG.L - Dividend Comparison
RISE.L's dividend yield for the trailing twelve months is around 8.29%, less than SDHG.L's 11.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RISE.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 8.29% | 6.61% | 6.89% | 6.13% | 5.06% | 4.52% | 4.96% | 5.81% | 6.42% | 5.91% | 2.65% | 0.00% |
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 11.18% | 8.87% | 8.03% | 7.20% | 5.20% | 5.72% | 6.58% | 6.95% | 7.01% | 7.33% | 6.99% | 7.49% |
Frequently Asked Questions
RISE.L and SDHG.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDHG.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDHG.L is cheaper with a 0.45% expense ratio, compared with 0.50% for RISE.L.
RISE.L tracks ICE BofA Gbl HY Constnd TR USD, while SDHG.L tracks Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.50% for RISE.L and 0.45% for SDHG.L.
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