RISE.L vs. SDHY.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Fallen Angels High Yield Corporate Bond UCITS ETF (RISE.L) and iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.L).

RISE.L and SDHY.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RISE.L is a passively managed fund by iShares that tracks the performance of the ICE BofA Gbl HY Constnd TR USD. It was launched on Jun 21, 2016. SDHY.L is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid High Yield 0-5 Capped Index. It was launched on Oct 17, 2012. Both RISE.L and SDHY.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

RISE.L vs. SDHY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Fallen Angels High Yield Corporate Bond UCITS ETF (RISE.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.

RISE.L vs. SDHY.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	-0.10%	5.86%	5.76%	7.62%	-3.13%	4.04%	14.09%	13.14%	2.07%	3.75%
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist	1.78%	1.14%	8.36%	3.31%	8.23%	4.40%	1.01%	5.44%	6.21%	-4.75%

Different Trading Currencies

RISE.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, RISE.L achieves a -0.10% return, which is significantly lower than SDHY.L's 1.78% return.

RISE.L

• 1D: 0.44%
• 1M: -1.28%
• YTD: -0.10%
• 6M: 1.89%
• 1Y: 5.98%
• 3Y*: 6.18%
• 5Y*: 4.31%
• 10Y*: —

SDHY.L

• 1D: 0.33%
• 1M: 1.18%
• YTD: 1.78%
• 6M: 3.26%
• 1Y: 4.37%
• 3Y*: 4.74%
• 5Y*: 5.47%
• 10Y*: 5.89%

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

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

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

RISE.L

iShares Fallen Angels High Yield Corporate Bond UCITS ETF

SDHY.L

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

Return for Risk

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

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

RISE.L

RISE.L Risk / Return Rank: 57
RISE.L Sharpe Ratio Rank: 54
RISE.L Sortino Ratio Rank: 52
RISE.L Omega Ratio Rank: 47
RISE.L Calmar Ratio Rank: 74
RISE.L Martin Ratio Rank: 58

SDHY.L

SDHY.L Risk / Return Rank: 75
SDHY.L Sharpe Ratio Rank: 72
SDHY.L Sortino Ratio Rank: 70
SDHY.L Omega Ratio Rank: 78
SDHY.L Calmar Ratio Rank: 67
SDHY.L Martin Ratio Rank: 89

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.

RISE.L vs. SDHY.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 $ 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.

	RISE.L	SDHY.L	Difference
Sharpe ratio Return per unit of total volatility	1.03	0.59	+0.44
Sortino ratio Return per unit of downside risk	1.44	0.85	+0.59
Omega ratio Gain probability vs. loss probability	1.19	1.11	+0.08
Calmar ratio Return relative to maximum drawdown	2.14	1.28	+0.85
Martin ratio Return relative to average drawdown	6.31	3.28	+3.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current RISE.L Sharpe Ratio is 1.03, which is higher than the SDHY.L Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of RISE.L and SDHY.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RISE.L	SDHY.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	0.59	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.66	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.59	+0.24

Correlation

The correlation between RISE.L and SDHY.L is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RISE.L vs. SDHY.L - Dividend Comparison

RISE.L's dividend yield for the trailing twelve months is around 8.41%, which matches SDHY.L's 8.42% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RISE.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF	8.41%	6.61%	6.89%	6.13%	5.06%	4.52%	4.96%	5.81%	6.42%	5.91%	2.65%	0.00%
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist	8.42%	6.59%	6.41%	5.64%	4.31%	4.24%	4.80%	5.26%	5.48%	5.42%	5.68%	5.05%

Drawdowns

RISE.L vs. SDHY.L - Drawdown Comparison

The maximum RISE.L drawdown since its inception was -14.31%, 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 RISE.L and SDHY.L.

Drawdown Indicators

	RISE.L	SDHY.L	Difference
Max Drawdown Largest peak-to-trough decline	-14.31%	-18.94%	+4.63%
Max Drawdown (1Y) Largest decline over 1 year	-3.55%	-4.19%	+0.64%
Max Drawdown (5Y) Largest decline over 5 years	-10.05%	-8.41%	-1.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-18.94%	—
Current Drawdown Current decline from peak	-1.62%	-0.56%	-1.06%
Average Drawdown Average peak-to-trough decline	-2.26%	-1.30%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	0.57%	+0.40%

Volatility

RISE.L vs. SDHY.L - Volatility Comparison

The current volatility for iShares Fallen Angels High Yield Corporate Bond UCITS ETF (RISE.L) is 1.95%, while iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.L) has a volatility of 2.49%. This indicates that RISE.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.

Volatility by Period

	RISE.L	SDHY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	2.49%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	3.68%	4.67%	-0.99%
Volatility (1Y) Calculated over the trailing 1-year period	5.79%	7.43%	-1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.70%	8.34%	-1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.89%	9.87%	-0.98%