SDHA.L vs. LQDW
Compare and contrast key facts about iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) and iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW).
SDHA.L and LQDW 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. LQDW is a passively managed fund by iShares that tracks the performance of the CBOE LQD BuyWrite Index. It was launched on Aug 18, 2022. Both SDHA.L and LQDW 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 LQDW.
Key characteristics
| SDHA.L | LQDW | |
|---|---|---|
| YTD Return | 6.57% | 2.93% |
| 1Y Return | 10.22% | 4.64% |
| Sharpe Ratio | 2.46 | 1.04 |
| Sortino Ratio | 4.06 | 1.42 |
| Omega Ratio | 1.52 | 1.20 |
| Calmar Ratio | 6.01 | 0.88 |
| Martin Ratio | 24.13 | 4.14 |
| Ulcer Index | 0.39% | 1.13% |
| Daily Std Dev | 3.87% | 4.48% |
| Max Drawdown | -17.77% | -9.20% |
| Current Drawdown | -0.33% | -2.51% |
Correlation
The correlation between SDHA.L and LQDW is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SDHA.L vs. LQDW - Performance Comparison
In the year-to-date period, SDHA.L achieves a 6.57% return, which is significantly higher than LQDW's 2.93% 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. LQDW - Expense Ratio Comparison
SDHA.L has a 0.45% expense ratio, which is higher than LQDW's 0.34% expense ratio.
Risk-Adjusted Performance
SDHA.L vs. LQDW - 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 iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW). 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. LQDW - Dividend Comparison
SDHA.L has not paid dividends to shareholders, while LQDW's dividend yield for the trailing twelve months is around 16.44%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
SDHA.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 16.44% | 19.28% | 8.85% |
Drawdowns
SDHA.L vs. LQDW - Drawdown Comparison
The maximum SDHA.L drawdown since its inception was -17.77%, which is greater than LQDW's maximum drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for SDHA.L and LQDW. For additional features, visit the drawdowns tool.
Volatility
SDHA.L vs. LQDW - Volatility Comparison
The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) is 0.86%, while iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) has a volatility of 2.29%. This indicates that SDHA.L experiences smaller price fluctuations and is considered to be less risky than LQDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.