SDHA.L vs. JHYU.L
SDHA.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)) and JHYU.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)) are both High Yield Bonds funds - SDHA.L tracks the Bloomberg US Corporate High Yield TR USD while JHYU.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 3 years, SDHA.L returned 7.71%/yr vs 9.05%/yr for JHYU.L. A 0.76 correlation means they provide meaningful diversification when combined. SDHA.L charges 0.45%/yr vs 0.35%/yr for JHYU.L.
Performance
SDHA.L vs. JHYU.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 lower than JHYU.L's 2.22% 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*
- —
JHYU.L
- 1D
- 0.12%
- 1M
- 0.62%
- YTD
- 2.22%
- 6M
- 2.99%
- 1Y
- 8.67%
- 3Y*
- 9.05%
- 5Y*
- —
- 10Y*
- —
SDHA.L vs. JHYU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SDHA.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) | 1.56% | 8.87% | 6.63% | 8.90% | 3.27% |
JHYU.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) | 2.22% | 9.40% | 7.95% | 10.73% | 3.83% |
Correlation
The correlation between SDHA.L and JHYU.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.76 |
The correlation between SDHA.L and JHYU.L shifts across timeframes, from 0.58 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SDHA.L vs. JHYU.L — Risk / Return Rank
SDHA.L
JHYU.L
SDHA.L vs. JHYU.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 JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) (JHYU.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 | JHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.44 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 3.37 | +0.44 |
| Martin ratioReturn relative to average drawdown | 17.08 | 14.46 | +2.61 |
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 | JHYU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.36 | -0.23 |
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 | 1.60 | -0.85 |
Drawdowns
SDHA.L vs. JHYU.L - Drawdown Comparison
The maximum SDHA.L drawdown since its inception was -17.77%, which is greater than JHYU.L's maximum drawdown of -7.58%. Use the drawdown chart below to compare losses from any high point for SDHA.L and JHYU.L.
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Drawdown Indicators
| SDHA.L | JHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -7.58% | -10.19% |
Max Drawdown (1Y)Largest decline over 1 year | -1.85% | -2.56% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -4.57% | -4.70% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -8.30% | — | — |
Current DrawdownCurrent decline from peak | -0.07% | -0.20% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -0.92% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.60% | -0.19% |
Volatility
SDHA.L vs. JHYU.L - Volatility Comparison
iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) has a higher volatility of 1.32% compared to JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) (JHYU.L) at 1.01%. This indicates that SDHA.L's price experiences larger fluctuations and is considered to be riskier than JHYU.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 | JHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.01% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 2.75% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 3.66% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 5.50% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 5.50% | +0.89% |
SDHA.L vs. JHYU.L - Expense Ratio Comparison
SDHA.L has a 0.45% expense ratio, which is higher than JHYU.L's 0.35% expense ratio.
Dividends
SDHA.L vs. JHYU.L - Dividend Comparison
Neither SDHA.L nor JHYU.L has paid dividends to shareholders.
Frequently Asked Questions
SDHA.L and JHYU.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JHYU.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JHYU.L is cheaper with a 0.35% expense ratio, compared with 0.45% for SDHA.L.
SDHA.L tracks Bloomberg US Corporate High Yield TR USD, while JHYU.L tracks ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.45% for SDHA.L and 0.35% for JHYU.L.
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