SDHA.L vs. TAHY.L
SDHA.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)) and TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc) are both High Yield Bonds funds - SDHA.L tracks the Bloomberg US Corporate High Yield TR USD while TAHY.L tracks the Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc. Both are passively managed. Over the past 3 years, SDHA.L returned 7.33%/yr vs 8.17%/yr for TAHY.L. At a 0.19 correlation, their price movements are largely independent.
Performance
SDHA.L vs. TAHY.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 TAHY.L's 3.88% 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*
- —
TAHY.L
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 3.11%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
SDHA.L vs. TAHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SDHA.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) | 1.82% | 9.01% | 6.50% | 8.96% | -3.48% | 0.34% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc | 3.88% | 7.26% | 17.54% | -10.74% | -18.39% | -13.10% |
Correlation
The correlation between SDHA.L and TAHY.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.19 |
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Return for Risk
SDHA.L vs. TAHY.L — Risk / Return Rank
SDHA.L
TAHY.L
SDHA.L vs. TAHY.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 Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.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 | TAHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.38 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.59 | +0.55 |
| Martin ratioReturn relative to average drawdown | 14.14 | 7.38 | +6.76 |
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Drawdowns
SDHA.L vs. TAHY.L - Drawdown Comparison
The maximum SDHA.L drawdown since its inception was -17.77%, smaller than the maximum TAHY.L drawdown of -51.61%. Use the drawdown chart below to compare losses from any high point for SDHA.L and TAHY.L.
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Drawdown Indicators
| SDHA.L | TAHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -51.61% | +33.84% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -2.57% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -4.48% | -11.20% | +6.72% |
Max Drawdown (5Y)Largest decline over 5 years | -8.30% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -17.10% | +16.83% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -26.81% | +25.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.91% | -0.48% |
Volatility
SDHA.L vs. TAHY.L - Volatility Comparison
The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) is 0.92%, while Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.L) has a volatility of 1.07%. This indicates that SDHA.L experiences smaller price fluctuations and is considered to be less risky than TAHY.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 | TAHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 1.07% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 2.83% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 3.64% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.54% | 13.09% | -7.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 13.09% | -6.70% |
Dividends
SDHA.L vs. TAHY.L - Dividend Comparison
Neither SDHA.L nor TAHY.L has paid dividends to shareholders.
Frequently Asked Questions
SDHA.L and TAHY.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDHA.L tracks Bloomberg US Corporate High Yield TR USD, while TAHY.L tracks Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc. They also come from different issuers: iShares and Janus Henderson.
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