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SDHA.L vs. HYUS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SDHA.L vs. HYUS.L

Last updated Jun 5, 2026

SDHA.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)) and HYUS.L (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) are both High Yield Bonds funds from iShares tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 3 years, SDHA.L returned 7.71%/yr vs 8.87%/yr for HYUS.L. A 0.77 correlation means they provide meaningful diversification when combined. SDHA.L charges 0.45%/yr vs 0.20%/yr for HYUS.L.

Performance

SDHA.L vs. HYUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) and iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L). The values are adjusted to include any dividend payments, if applicable.

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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 HYUS.L's 1.22% 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*
—

HYUS.L

1D
-0.00%
1M
0.51%
YTD
1.22%
6M
2.18%
1Y
6.91%
3Y*
8.87%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SDHA.L vs. HYUS.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
SDHA.L
iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)		1.56%8.87%6.63%8.90%-0.68%
HYUS.L
iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)		1.22%8.62%8.28%12.85%-5.88%

Correlation

The correlation between SDHA.L and HYUS.L is 0.66, 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

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.75

Correlation (All Time)
Calculated using the full available price history since Apr 8, 2022

0.77

The correlation between SDHA.L and HYUS.L shifts across timeframes, from 0.66 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.

SDHA.L vs. HYUS.L - Sectors Allocation Comparison

Sectors
SDHA.L
HYUS.L

Utilities

77.9%

-

Real Estate

22.1%
100.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

SDHA.L
77.9%
HYUS.L

-

Real Estate

SDHA.L
22.1%
HYUS.L
100.0%

Basic Materials

SDHA.L

-

HYUS.L

-

Communication Services

SDHA.L

-

HYUS.L

-

Consumer Cyclical

SDHA.L

-

HYUS.L

-

Consumer Defensive

SDHA.L

-

HYUS.L

-

Energy

SDHA.L

-

HYUS.L

-

Financial Services

SDHA.L

-

HYUS.L

-

Healthcare

SDHA.L

-

HYUS.L

-

Industrials

SDHA.L

-

HYUS.L

-

Technology

SDHA.L

-

HYUS.L

-

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iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)

iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)

Often compared with SDHA.L:
SDHA.L vs. SDHG.LSDHA.L vs. ERNA.LSDHA.L vs. LQDWSDHA.L vs. IWDA.LSDHA.L vs. HYEMSDHA.L vs. ISAC.LSDHA.L vs. VOO
Often compared with HYUS.L:
HYUS.L vs. SSHY.LHYUS.L vs. BRHYXHYUS.L vs. ^TNXHYUS.L vs. WINC.ASHYUS.L vs. QYLDHYUS.L vs. JHYU.LHYUS.L vs. XUHY.L

Return for Risk

SDHA.L vs. HYUS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SDHA.L
SDHA.L Risk / Return Rank: 7474
Overall Rank
SDHA.L Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
SDHA.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
SDHA.L Omega Ratio Rank: 7070
Omega Ratio Rank
SDHA.L Calmar Ratio Rank: 7777
Calmar Ratio Rank
SDHA.L Martin Ratio Rank: 8484
Martin Ratio Rank
HYUS.L
HYUS.L Risk / Return Rank: 6161
Overall Rank
HYUS.L Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
HYUS.L Sortino Ratio Rank: 6262
Sortino Ratio Rank
HYUS.L Omega Ratio Rank: 5757
Omega Ratio Rank
HYUS.L Calmar Ratio Rank: 6262
Calmar Ratio Rank
HYUS.L Martin Ratio Rank: 6868
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SDHA.L vs. HYUS.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 Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.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.LHYUS.LDifference
Sharpe ratioReturn per unit of total volatility
2.13
1.84

+0.29

Sortino ratioReturn per unit of downside risk
3.33
2.84

+0.50

Omega ratioGain probability vs. loss probability

1.41

1.35

+0.06

Calmar ratioReturn relative to maximum drawdown

3.82

3.01

+0.81

Martin ratioReturn relative to average drawdown

17.08

12.39

+4.69

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDHA.L vs. HYUS.L - Sharpe Ratio Comparison

The current SDHA.L Sharpe Ratio is 2.13, which is comparable to the HYUS.L Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of SDHA.L and HYUS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SDHA.LHYUS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.13

1.84

+0.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.85

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.75

0.87

-0.12

Drawdowns

SDHA.L vs. HYUS.L - Drawdown Comparison

The maximum SDHA.L drawdown since its inception was -17.77%, which is greater than HYUS.L's maximum drawdown of -10.49%. Use the drawdown chart below to compare losses from any high point for SDHA.L and HYUS.L.

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Drawdown Indicators

SDHA.LHYUS.LDifference

Max Drawdown

Largest peak-to-trough decline

-17.77%

-10.49%

-7.28%

Max Drawdown (1Y)

Largest decline over 1 year

-1.85%

-2.29%

+0.44%

Max Drawdown (3Y)

Largest decline over 3 years

-4.57%

-5.06%

+0.49%

Max Drawdown (5Y)

Largest decline over 5 years

-8.30%

—

—

Current Drawdown

Current decline from peak

-0.07%

-0.13%

+0.06%

Average Drawdown

Average peak-to-trough decline

-1.25%

-1.67%

+0.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.41%

0.56%

-0.15%

Volatility

SDHA.L vs. HYUS.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 iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) has a volatility of 1.39%. This indicates that SDHA.L experiences smaller price fluctuations and is considered to be less risky than HYUS.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.LHYUS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.32%

1.39%

-0.07%

Volatility (6M)

Calculated over the trailing 6-month period

2.69%

2.95%

-0.26%

Volatility (1Y)

Calculated over the trailing 1-year period

3.33%

3.75%

-0.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.49%

6.69%

-1.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.39%

6.69%

-0.30%

SDHA.L vs. HYUS.L - Expense Ratio Comparison

SDHA.L has a 0.45% expense ratio, which is higher than HYUS.L's 0.20% expense ratio.

Dividends

SDHA.L vs. HYUS.L - Dividend Comparison

SDHA.L has not paid dividends to shareholders, while HYUS.L's dividend yield for the trailing twelve months is around 9.21%.

PositionTTM2025202420232022
HYUS.L
iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)		9.21%7.38%7.54%6.30%1.52%
SDHA.L
iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SDHA.L and HYUS.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HYUS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HYUS.L is cheaper with a 0.20% expense ratio, compared with 0.45% for SDHA.L.

Both ETFs track Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.45% for SDHA.L and 0.20% for HYUS.L.

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