SDHA.L vs. EMVL.L
SDHA.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)) and EMVL.L (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) are both exchange-traded funds - SDHA.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD, while EMVL.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, SDHA.L returned 4.63%/yr vs 15.75%/yr for EMVL.L. At a 0.48 correlation, their price movements are largely independent. SDHA.L charges 0.45%/yr vs 0.40%/yr for EMVL.L.
Performance
SDHA.L vs. EMVL.L - Performance Comparison
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Returns By Period
In the year-to-date period, SDHA.L achieves a 1.82% return, which is significantly lower than EMVL.L's 38.92% return.
SDHA.L
- 1D
- 0.28%
- 1M
- 0.41%
- YTD
- 1.82%
- 6M
- 2.25%
- 1Y
- 6.44%
- 3Y*
- 7.94%
- 5Y*
- 4.63%
- 10Y*
- —
EMVL.L
- 1D
- 0.00%
- 1M
- 2.61%
- YTD
- 38.92%
- 6M
- 41.22%
- 1Y
- 69.31%
- 3Y*
- 35.90%
- 5Y*
- 15.75%
- 10Y*
- —
SDHA.L vs. EMVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SDHA.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) | 1.82% | 9.01% | 6.50% | 8.96% | -3.48% | 3.62% | 3.98% | 9.51% | -1.67% |
EMVL.L iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 38.92% | 43.13% | 14.49% | 18.37% | -16.29% | 5.29% | 7.72% | 17.64% | -2.10% |
Correlation
The correlation between SDHA.L and EMVL.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2018 | 0.48 |
The correlation between SDHA.L and EMVL.L shifts across timeframes, from 0.31 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SDHA.L vs. EMVL.L — Risk / Return Rank
SDHA.L
EMVL.L
SDHA.L vs. EMVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) and iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.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.
| SDHA.L | EMVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.53 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 5.92 | -2.62 |
| Martin ratioReturn relative to average drawdown | 14.88 | 18.48 | -3.60 |
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Drawdowns
SDHA.L vs. EMVL.L - Drawdown Comparison
The maximum SDHA.L drawdown since its inception was -17.77%, smaller than the maximum EMVL.L drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for SDHA.L and EMVL.L.
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Drawdown Indicators
| SDHA.L | EMVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -34.95% | +17.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -11.65% | +9.70% |
Max Drawdown (3Y)Largest decline over 3 years | -4.48% | -16.42% | +11.94% |
Max Drawdown (5Y)Largest decline over 5 years | -8.30% | -33.55% | +25.25% |
Current DrawdownCurrent decline from peak | -0.00% | -7.47% | +7.47% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -9.51% | +8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 3.74% | -3.31% |
Volatility
SDHA.L vs. EMVL.L - Volatility Comparison
The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) is 0.90%, while iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L) has a volatility of 11.06%. This indicates that SDHA.L experiences smaller price fluctuations and is considered to be less risky than EMVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDHA.L | EMVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 11.06% | -10.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 20.02% | -17.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.56% | 22.75% | -19.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.55% | 20.44% | -14.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.40% | 21.29% | -14.89% |
SDHA.L vs. EMVL.L - Expense Ratio Comparison
SDHA.L has a 0.45% expense ratio, which is higher than EMVL.L's 0.40% expense ratio.
Dividends
SDHA.L vs. EMVL.L - Dividend Comparison
Neither SDHA.L nor EMVL.L has paid dividends to shareholders.
Frequently Asked Questions
SDHA.L and EMVL.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMVL.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMVL.L is cheaper with a 0.40% expense ratio, compared with 0.45% for SDHA.L.
SDHA.L is categorized as High Yield Bonds, while EMVL.L is Emerging Markets Equities. SDHA.L tracks Bloomberg US Corporate High Yield TR USD, while EMVL.L tracks MSCI EM NR USD. Their fees differ too: 0.45% for SDHA.L and 0.40% for EMVL.L.
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