SDHA.L vs. UHYC.L
SDHA.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)) and UHYC.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Acc) are both High Yield Bonds funds tracking the Bloomberg US Corporate High Yield TR USD, from iShares and Amundi respectively. Both are passively managed. Over the past 3 years, SDHA.L returned 7.94%/yr vs 8.83%/yr for UHYC.L. A 0.75 correlation means they provide meaningful diversification when combined. SDHA.L charges 0.45%/yr vs 0.25%/yr for UHYC.L.
Performance
SDHA.L vs. UHYC.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 UHYC.L's 1.53% 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*
- —
UHYC.L
- 1D
- 0.25%
- 1M
- 0.84%
- YTD
- 1.53%
- 6M
- 1.79%
- 1Y
- 6.13%
- 3Y*
- 8.83%
- 5Y*
- —
- 10Y*
- —
SDHA.L vs. UHYC.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% | -0.03% |
UHYC.L Lyxor ESG USD High Yield (DR) UCITS ETF - Acc | 1.53% | 8.78% | 7.98% | 12.03% | -12.31% | 0.95% |
Correlation
The correlation between SDHA.L and UHYC.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.75 |
The correlation between SDHA.L and UHYC.L shifts across timeframes, from 0.62 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SDHA.L vs. UHYC.L — Risk / Return Rank
SDHA.L
UHYC.L
SDHA.L vs. UHYC.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 Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.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 | UHYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 2.20 | +1.10 |
| Martin ratioReturn relative to average drawdown | 14.88 | 9.57 | +5.32 |
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Drawdowns
SDHA.L vs. UHYC.L - Drawdown Comparison
The maximum SDHA.L drawdown since its inception was -17.77%, which is greater than UHYC.L's maximum drawdown of -16.72%. Use the drawdown chart below to compare losses from any high point for SDHA.L and UHYC.L.
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Drawdown Indicators
| SDHA.L | UHYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -16.72% | -1.05% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -2.78% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -4.48% | -4.90% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -8.30% | — | — |
Current DrawdownCurrent decline from peak | -0.00% | -0.17% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -3.95% | +2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.64% | -0.21% |
Volatility
SDHA.L vs. UHYC.L - Volatility Comparison
iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) and Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.L) have volatilities of 0.90% and 0.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDHA.L | UHYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 0.94% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 2.90% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.56% | 3.68% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.55% | 7.47% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.40% | 7.47% | -1.07% |
SDHA.L vs. UHYC.L - Expense Ratio Comparison
SDHA.L has a 0.45% expense ratio, which is higher than UHYC.L's 0.25% expense ratio.
Dividends
SDHA.L vs. UHYC.L - Dividend Comparison
Neither SDHA.L nor UHYC.L has paid dividends to shareholders.
Frequently Asked Questions
SDHA.L and UHYC.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UHYC.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UHYC.L is cheaper with a 0.25% expense ratio, compared with 0.45% for SDHA.L.
Both ETFs track Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.45% for SDHA.L and 0.25% for UHYC.L.
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