SDHA.L vs. GHYU.L
SDHA.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)) and GHYU.L (Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc) are both High Yield Bonds funds - SDHA.L tracks the Bloomberg US Corporate High Yield TR USD while GHYU.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, SDHA.L returned 4.65%/yr vs 2.66%/yr for GHYU.L. A 0.72 correlation means they provide meaningful diversification when combined. SDHA.L charges 0.45%/yr vs 0.25%/yr for GHYU.L.
Performance
SDHA.L vs. GHYU.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 higher than GHYU.L's 0.65% 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*
- —
GHYU.L
- 1D
- 0.12%
- 1M
- 0.39%
- YTD
- 0.65%
- 6M
- 1.45%
- 1Y
- 6.23%
- 3Y*
- 8.58%
- 5Y*
- 2.66%
- 10Y*
- —
SDHA.L vs. GHYU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | 3.24% |
GHYU.L Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc | 0.65% | 11.40% | 5.06% | 12.36% | -13.13% | 0.31% | 8.39% |
Correlation
The correlation between SDHA.L and GHYU.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2020 | 0.72 |
Over the past year, the correlation between SDHA.L and GHYU.L has dropped to 0.51 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
SDHA.L vs. GHYU.L — Risk / Return Rank
SDHA.L
GHYU.L
SDHA.L vs. GHYU.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 Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc (GHYU.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 | GHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.23 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 1.58 | +2.24 |
| Martin ratioReturn relative to average drawdown | 17.08 | 6.21 | +10.87 |
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 | GHYU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.29 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.36 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.41 | +0.35 |
Drawdowns
SDHA.L vs. GHYU.L - Drawdown Comparison
The maximum SDHA.L drawdown since its inception was -17.77%, smaller than the maximum GHYU.L drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for SDHA.L and GHYU.L.
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Drawdown Indicators
| SDHA.L | GHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -22.36% | +4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -1.85% | -3.92% | +2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -4.57% | -4.67% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -8.30% | -22.36% | +14.06% |
Current DrawdownCurrent decline from peak | -0.07% | -0.49% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -5.60% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 1.00% | -0.59% |
Volatility
SDHA.L vs. GHYU.L - Volatility Comparison
The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) is 1.32%, while Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc (GHYU.L) has a volatility of 1.69%. This indicates that SDHA.L experiences smaller price fluctuations and is considered to be less risky than GHYU.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 | GHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.69% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 3.74% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 4.83% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 7.34% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 8.94% | -2.55% |
SDHA.L vs. GHYU.L - Expense Ratio Comparison
SDHA.L has a 0.45% expense ratio, which is higher than GHYU.L's 0.25% expense ratio.
Dividends
SDHA.L vs. GHYU.L - Dividend Comparison
Neither SDHA.L nor GHYU.L has paid dividends to shareholders.
Frequently Asked Questions
SDHA.L and GHYU.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GHYU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GHYU.L is cheaper with a 0.25% expense ratio, compared with 0.45% for SDHA.L.
SDHA.L tracks Bloomberg US Corporate High Yield TR USD, while GHYU.L tracks ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.45% for SDHA.L and 0.25% for GHYU.L.
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