SDHA.L vs. HYGU.L
SDHA.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)) and HYGU.L (iShares € High Yield Corp Bond UCITS ETF) are both High Yield Bonds funds from iShares - SDHA.L tracks the Bloomberg US Corporate High Yield TR USD while HYGU.L tracks the iShares € High Yield Corp Bond UCITS ETF. Both are passively managed. Over the past 5 years, SDHA.L returned 4.63%/yr vs 4.58%/yr for HYGU.L. A 0.62 correlation means they provide meaningful diversification when combined. SDHA.L charges 0.45%/yr vs 0.55%/yr for HYGU.L.
Performance
SDHA.L vs. HYGU.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 HYGU.L's 2.18% return.
SDHA.L
- 1D
- 0.14%
- 1M
- 0.14%
- 6M
- 1.54%
- YTD
- 1.82%
- 1Y
- 6.13%
- 3Y*
- 7.33%
- 5Y*
- 4.63%
- 10Y*
- —
HYGU.L
- 1D
- -0.03%
- 1M
- 0.24%
- 6M
- 2.18%
- YTD
- 2.18%
- 1Y
- 5.22%
- 3Y*
- 8.18%
- 5Y*
- 4.58%
- 10Y*
- —
SDHA.L vs. HYGU.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% | -0.68% |
HYGU.L iShares € High Yield Corp Bond UCITS ETF | 2.18% | 7.24% | 7.29% | 13.55% | -7.14% | 3.72% | 2.16% | 12.83% | -0.56% |
Correlation
The correlation between SDHA.L and HYGU.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 | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2018 | 0.62 |
The correlation between SDHA.L and HYGU.L shifts across timeframes, from 0.51 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SDHA.L vs. HYGU.L — Risk / Return Rank
SDHA.L
HYGU.L
SDHA.L vs. HYGU.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 € High Yield Corp Bond UCITS ETF (HYGU.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 | HYGU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.00 | +1.14 |
| Martin ratioReturn relative to average drawdown | 14.14 | 8.61 | +5.53 |
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Drawdowns
SDHA.L vs. HYGU.L - Drawdown Comparison
The maximum SDHA.L drawdown since its inception was -17.77%, smaller than the maximum HYGU.L drawdown of -25.03%. Use the drawdown chart below to compare losses from any high point for SDHA.L and HYGU.L.
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Drawdown Indicators
| SDHA.L | HYGU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -25.03% | +7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -2.60% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -4.48% | -3.62% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -8.30% | -13.61% | +5.31% |
Current DrawdownCurrent decline from peak | -0.27% | -0.16% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -2.06% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.61% | -0.18% |
Volatility
SDHA.L vs. HYGU.L - Volatility Comparison
iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) has a higher volatility of 0.92% compared to iShares € High Yield Corp Bond UCITS ETF (HYGU.L) at 0.62%. This indicates that SDHA.L's price experiences larger fluctuations and is considered to be riskier than HYGU.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 | HYGU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.62% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 2.85% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 3.33% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.54% | 5.37% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 7.10% | -0.71% |
SDHA.L vs. HYGU.L - Expense Ratio Comparison
SDHA.L has a 0.45% expense ratio, which is lower than HYGU.L's 0.55% expense ratio.
Dividends
SDHA.L vs. HYGU.L - Dividend Comparison
Neither SDHA.L nor HYGU.L has paid dividends to shareholders.
Frequently Asked Questions
SDHA.L and HYGU.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, SDHA.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDHA.L is cheaper with a 0.45% expense ratio, compared with 0.55% for HYGU.L.
SDHA.L tracks Bloomberg US Corporate High Yield TR USD, while HYGU.L tracks iShares € High Yield Corp Bond UCITS ETF. Their fees differ too: 0.45% for SDHA.L and 0.55% for HYGU.L.
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