SDHA.L vs. FLOA.L
SDHA.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)) and FLOA.L (iShares USD Floating Rate Bond 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 FLOA.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, SDHA.L returned 4.65%/yr vs 4.28%/yr for FLOA.L. At a 0.15 correlation, their price movements are largely independent. SDHA.L charges 0.45%/yr vs 0.10%/yr for FLOA.L.
Performance
SDHA.L vs. FLOA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SDHA.L achieves a 1.56% return, which is significantly lower than FLOA.L's 2.04% return.
SDHA.L
- 1D
- 0.14%
- 1M
- 0.21%
- YTD
- 1.56%
- 6M
- 2.20%
- 1Y
- 7.09%
- 3Y*
- 7.71%
- 5Y*
- 4.65%
- 10Y*
- —
FLOA.L
- 1D
- 0.06%
- 1M
- 0.46%
- YTD
- 2.04%
- 6M
- 2.24%
- 1Y
- 5.02%
- 3Y*
- 5.73%
- 5Y*
- 4.28%
- 10Y*
- —
SDHA.L vs. FLOA.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) | 1.56% | 8.87% | 6.63% | 8.90% | -3.48% | 3.62% | 3.98% | 9.51% | -0.74% |
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 2.04% | 4.98% | 6.42% | 6.62% | 1.35% | 0.42% | 0.86% | 4.17% | 0.27% |
Correlation
The correlation between SDHA.L and FLOA.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2018 | 0.15 |
The correlation between SDHA.L and FLOA.L shifts across timeframes, from 0.13 (3 years) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SDHA.L vs. FLOA.L — Risk / Return Rank
SDHA.L
FLOA.L
SDHA.L vs. FLOA.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 USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.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.
| SDHA.L | FLOA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -3.53 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 2.07 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 10.50 | -6.69 |
| Martin ratioReturn relative to average drawdown | 17.08 | 55.93 | -38.86 |
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
| SDHA.L | FLOA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 4.02 | -1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 2.16 | -1.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.79 | -0.04 |
Drawdowns
SDHA.L vs. FLOA.L - Drawdown Comparison
The maximum SDHA.L drawdown since its inception was -17.77%, which is greater than FLOA.L's maximum drawdown of -14.96%. Use the drawdown chart below to compare losses from any high point for SDHA.L and FLOA.L.
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Drawdown Indicators
| SDHA.L | FLOA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -14.96% | -2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -1.85% | -0.48% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -4.57% | -1.74% | -2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -8.30% | -2.53% | -5.77% |
Current DrawdownCurrent decline from peak | -0.07% | -0.06% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -0.22% | -1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.09% | +0.32% |
Volatility
SDHA.L vs. FLOA.L - Volatility Comparison
iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) has a higher volatility of 1.32% compared to iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) at 0.49%. This indicates that SDHA.L's price experiences larger fluctuations and is considered to be riskier than FLOA.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 | FLOA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 0.49% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 1.13% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 1.24% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 1.98% | +3.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 4.27% | +2.12% |
SDHA.L vs. FLOA.L - Expense Ratio Comparison
SDHA.L has a 0.45% expense ratio, which is higher than FLOA.L's 0.10% expense ratio.
Dividends
SDHA.L vs. FLOA.L - Dividend Comparison
Neither SDHA.L nor FLOA.L has paid dividends to shareholders.
Frequently Asked Questions
SDHA.L and FLOA.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOA.L is cheaper with a 0.10% expense ratio, compared with 0.45% for SDHA.L.
SDHA.L is categorized as High Yield Bonds, while FLOA.L is Corporate Bonds. SDHA.L tracks Bloomberg US Corporate High Yield TR USD, while FLOA.L tracks Bloomberg US Corp Bond TR USD. Their fees differ too: 0.45% for SDHA.L and 0.10% for FLOA.L.
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