SDHA.L vs. HYEM
Compare and contrast key facts about iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) and VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM).
SDHA.L and HYEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SDHA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corporate High Yield TR USD. It was launched on Jun 29, 2018. HYEM is a passively managed fund by VanEck that tracks the performance of the BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index. It was launched on May 8, 2012. Both SDHA.L and HYEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SDHA.L or HYEM.
Key characteristics
| SDHA.L | HYEM | |
|---|---|---|
| YTD Return | 5.97% | 11.00% |
| 1Y Return | 10.58% | 16.44% |
| 3Y Return (Ann) | 3.69% | 0.39% |
| 5Y Return (Ann) | 3.99% | 2.78% |
| Sharpe Ratio | 2.44 | 2.90 |
| Daily Std Dev | 4.26% | 5.62% |
| Max Drawdown | -17.77% | -30.96% |
| Current Drawdown | -0.09% | 0.00% |
Correlation
The correlation between SDHA.L and HYEM is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SDHA.L vs. HYEM - Performance Comparison
In the year-to-date period, SDHA.L achieves a 5.97% return, which is significantly lower than HYEM's 11.00% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SDHA.L vs. HYEM - Expense Ratio Comparison
SDHA.L has a 0.45% expense ratio, which is higher than HYEM's 0.40% expense ratio.
Risk-Adjusted Performance
SDHA.L vs. HYEM - Risk-Adjusted Performance 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 VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM). 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.
Dividends
SDHA.L vs. HYEM - Dividend Comparison
SDHA.L has not paid dividends to shareholders, while HYEM's dividend yield for the trailing twelve months is around 5.93%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDHA.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 5.93% | 6.27% | 6.47% | 5.33% | 5.56% | 6.14% | 5.71% | 5.86% | 6.25% | 7.64% | 6.77% | 6.14% |
Drawdowns
SDHA.L vs. HYEM - Drawdown Comparison
The maximum SDHA.L drawdown since its inception was -17.77%, smaller than the maximum HYEM drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for SDHA.L and HYEM. For additional features, visit the drawdowns tool.
Volatility
SDHA.L vs. HYEM - Volatility Comparison
The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) is 0.89%, while VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) has a volatility of 1.34%. This indicates that SDHA.L experiences smaller price fluctuations and is considered to be less risky than HYEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.