SDHA.L vs. IHYU.L
SDHA.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)) and IHYU.L (iShares USD High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds from iShares - SDHA.L tracks the Bloomberg US Corporate High Yield TR USD while IHYU.L tracks the Markit iBoxx USD Liquid High Yield Capped Index. Both are passively managed. Over the past 5 years, SDHA.L returned 4.63%/yr vs 3.89%/yr for IHYU.L. Their correlation of 0.83 suggests significant overlap in exposure. SDHA.L charges 0.45%/yr vs 0.50%/yr for IHYU.L.
Performance
SDHA.L vs. IHYU.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 higher than IHYU.L's 1.26% return.
SDHA.L
- 1D
- 0.28%
- 1M
- 0.41%
- YTD
- 1.82%
- 6M
- 2.25%
- 1Y
- 6.44%
- 3Y*
- 7.94%
- 5Y*
- 4.63%
- 10Y*
- —
IHYU.L
- 1D
- 0.13%
- 1M
- 0.79%
- YTD
- 1.26%
- 6M
- 1.66%
- 1Y
- 6.30%
- 3Y*
- 8.63%
- 5Y*
- 3.89%
- 10Y*
- 5.05%
SDHA.L vs. IHYU.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% |
IHYU.L iShares USD High Yield Corporate Bond UCITS ETF | 1.26% | 9.51% | 6.92% | 10.99% | -9.03% | 3.92% | 4.74% | 12.99% | -1.82% |
Correlation
The correlation between SDHA.L and IHYU.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2018 | 0.83 |
The correlation between SDHA.L and IHYU.L shifts across timeframes, from 0.68 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SDHA.L vs. IHYU.L — Risk / Return Rank
SDHA.L
IHYU.L
SDHA.L vs. IHYU.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 High Yield Corporate Bond UCITS ETF (IHYU.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 | IHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 2.23 | +1.07 |
| Martin ratioReturn relative to average drawdown | 14.88 | 10.64 | +4.24 |
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Drawdowns
SDHA.L vs. IHYU.L - Drawdown Comparison
The maximum SDHA.L drawdown since its inception was -17.77%, smaller than the maximum IHYU.L drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for SDHA.L and IHYU.L.
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Drawdown Indicators
| SDHA.L | IHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -21.83% | +4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -2.81% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -4.48% | -4.02% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -8.30% | -13.74% | +5.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.83% | — |
Current DrawdownCurrent decline from peak | -0.00% | -0.26% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -2.10% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.59% | -0.16% |
Volatility
SDHA.L vs. IHYU.L - Volatility Comparison
iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) has a higher volatility of 0.90% compared to iShares USD High Yield Corporate Bond UCITS ETF (IHYU.L) at 0.84%. This indicates that SDHA.L's price experiences larger fluctuations and is considered to be riskier than IHYU.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 | IHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 0.84% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 2.96% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.56% | 3.69% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.55% | 6.65% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.40% | 7.74% | -1.34% |
SDHA.L vs. IHYU.L - Expense Ratio Comparison
SDHA.L has a 0.45% expense ratio, which is lower than IHYU.L's 0.50% expense ratio.
Dividends
SDHA.L vs. IHYU.L - Dividend Comparison
SDHA.L has not paid dividends to shareholders, while IHYU.L's dividend yield for the trailing twelve months is around 6.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHYU.L iShares USD High Yield Corporate Bond UCITS ETF | 6.22% | 6.14% | 6.39% | 5.62% | 4.81% | 4.35% | 4.79% | 5.42% | 5.68% | 5.54% | 5.61% | 6.06% |
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% |
Frequently Asked Questions
SDHA.L and IHYU.L have a correlation of 0.68, 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 0.50% for IHYU.L.
SDHA.L tracks Bloomberg US Corporate High Yield TR USD, while IHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index. Their fees differ too: 0.45% for SDHA.L and 0.50% for IHYU.L.
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