SDHA.L vs. WIAU.L

Last updated Jun 5, 2026

SDHA.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)) and WIAU.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc)) are both High Yield Bonds funds from iShares - SDHA.L tracks the Bloomberg US Corporate High Yield TR USD while WIAU.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, SDHA.L returned 4.65%/yr vs 2.57%/yr for WIAU.L. A 0.70 correlation means they provide meaningful diversification when combined. SDHA.L charges 0.45%/yr vs 0.50%/yr for WIAU.L.

Performance

SDHA.L vs. WIAU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) and iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc) (WIAU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDHA.L achieves a 1.56% return, which is significantly higher than WIAU.L's 0.89% 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*: —

WIAU.L

• 1D: 0.16%
• 1M: 0.38%
• YTD: 0.89%
• 6M: 1.28%
• 1Y: 7.78%
• 3Y*: 8.41%
• 5Y*: 2.57%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SDHA.L vs. WIAU.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)	1.56%	8.87%	6.63%	8.90%	-3.48%	3.62%	3.98%	9.51%	-0.74%
WIAU.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc)	0.89%	12.49%	3.04%	12.97%	-14.25%	1.81%	18.31%	15.74%	-3.03%

Correlation

The correlation between SDHA.L and WIAU.L is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jul 4, 2018	0.70

The correlation between SDHA.L and WIAU.L shifts across timeframes, from 0.54 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.

SDHA.L vs. WIAU.L - Sectors Allocation Comparison

Sectors	SDHA.L	WIAU.L
Utilities	77.9%	-
Real Estate	22.1%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.0%
Healthcare	-	-
Industrials	-	-
Technology	-	-

Return for Risk

SDHA.L vs. WIAU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SDHA.L

SDHA.L Risk / Return Rank: 74
SDHA.L Sharpe Ratio Rank: 65
SDHA.L Sortino Ratio Rank: 75
SDHA.L Omega Ratio Rank: 70
SDHA.L Calmar Ratio Rank: 77
SDHA.L Martin Ratio Rank: 84

WIAU.L

WIAU.L Risk / Return Rank: 41
WIAU.L Sharpe Ratio Rank: 41
WIAU.L Sortino Ratio Rank: 44
WIAU.L Omega Ratio Rank: 41
WIAU.L Calmar Ratio Rank: 35
WIAU.L Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SDHA.L vs. WIAU.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 Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc) (WIAU.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	WIAU.L	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.43	+0.70
Sortino ratio: Return per unit of downside risk	3.33	2.19	+1.14
Omega ratio: Gain probability vs. loss probability	1.41	1.26	+0.15
Calmar ratio: Return relative to maximum drawdown	3.82	1.72	+2.10
Martin ratio: Return relative to average drawdown	17.08	6.49	+10.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDHA.L vs. WIAU.L - Sharpe Ratio Comparison

The current SDHA.L Sharpe Ratio is 2.13, which is higher than the WIAU.L Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of SDHA.L and WIAU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SDHA.L	WIAU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	1.43	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.37	+0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.58	+0.18

Drawdowns

SDHA.L vs. WIAU.L - Drawdown Comparison

The maximum SDHA.L drawdown since its inception was -17.77%, smaller than the maximum WIAU.L drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for SDHA.L and WIAU.L.

Drawdown Indicators

	SDHA.L	WIAU.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.77%	-23.51%	+5.74%
Max Drawdown (1Y) Largest decline over 1 year	-1.85%	-4.52%	+2.67%
Max Drawdown (3Y) Largest decline over 3 years	-4.57%	-5.00%	+0.43%
Max Drawdown (5Y) Largest decline over 5 years	-8.30%	-21.83%	+13.53%
Current Drawdown Current decline from peak	-0.07%	-0.85%	+0.78%
Average Drawdown Average peak-to-trough decline	-1.25%	-4.45%	+3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.41%	1.20%	-0.79%

Volatility

SDHA.L vs. WIAU.L - Volatility Comparison

The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) is 1.32%, while iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc) (WIAU.L) has a volatility of 1.66%. This indicates that SDHA.L experiences smaller price fluctuations and is considered to be less risky than WIAU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDHA.L	WIAU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	1.66%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	2.69%	4.20%	-1.51%
Volatility (1Y) Calculated over the trailing 1-year period	3.33%	5.43%	-2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.49%	7.16%	-1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.39%	9.42%	-3.03%

SDHA.L vs. WIAU.L - Expense Ratio Comparison

SDHA.L has a 0.45% expense ratio, which is lower than WIAU.L's 0.50% expense ratio.

Dividends

SDHA.L vs. WIAU.L - Dividend Comparison

Neither SDHA.L nor WIAU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SDHA.L and WIAU.L in my portfolio?

SDHA.L and WIAU.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SDHA.L or WIAU.L?

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.

Which ETF is cheaper, SDHA.L or WIAU.L?

SDHA.L is cheaper with a 0.45% expense ratio, compared with 0.50% for WIAU.L.

What is the main difference between SDHA.L and WIAU.L?

SDHA.L tracks Bloomberg US Corporate High Yield TR USD, while WIAU.L tracks ICE BofA Gbl HY Constnd TR USD. Their fees differ too: 0.45% for SDHA.L and 0.50% for WIAU.L.