SDHA.L vs. XUHY.L
SDHA.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)) and XUHY.L (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) are both High Yield Bonds funds tracking the Bloomberg US Corporate High Yield TR USD, from iShares and Xtrackers respectively. Both are passively managed. Over the past 5 years, SDHA.L returned 4.65%/yr vs 3.95%/yr for XUHY.L. A 0.78 correlation means they provide meaningful diversification when combined. SDHA.L charges 0.45%/yr vs 0.20%/yr for XUHY.L.
Performance
SDHA.L vs. XUHY.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SDHA.L having a 1.56% return and XUHY.L slightly higher at 1.63%.
SDHA.L
- 1D
- 0.14%
- 1M
- 0.21%
- YTD
- 1.56%
- 6M
- 2.20%
- 1Y
- 7.09%
- 3Y*
- 7.71%
- 5Y*
- 4.65%
- 10Y*
- —
XUHY.L
- 1D
- 0.08%
- 1M
- 0.27%
- YTD
- 1.63%
- 6M
- 2.44%
- 1Y
- 7.24%
- 3Y*
- 8.86%
- 5Y*
- 3.95%
- 10Y*
- —
SDHA.L vs. XUHY.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% |
XUHY.L Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 1.63% | 9.20% | 7.08% | 13.52% | -11.96% | 3.50% | 5.99% | 15.61% | -1.64% |
Correlation
The correlation between SDHA.L and XUHY.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 | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2018 | 0.78 |
The correlation between SDHA.L and XUHY.L shifts across timeframes, from 0.58 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SDHA.L vs. XUHY.L — Risk / Return Rank
SDHA.L
XUHY.L
SDHA.L vs. XUHY.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 Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.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 | XUHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.30 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 2.80 | +1.02 |
| Martin ratioReturn relative to average drawdown | 17.08 | 12.55 | +4.53 |
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 | XUHY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.66 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.52 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.59 | +0.17 |
Drawdowns
SDHA.L vs. XUHY.L - Drawdown Comparison
The maximum SDHA.L drawdown since its inception was -17.77%, smaller than the maximum XUHY.L drawdown of -22.78%. Use the drawdown chart below to compare losses from any high point for SDHA.L and XUHY.L.
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Drawdown Indicators
| SDHA.L | XUHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -22.78% | +5.01% |
Max Drawdown (1Y)Largest decline over 1 year | -1.85% | -2.57% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -4.57% | -4.78% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -8.30% | -16.60% | +8.30% |
Current DrawdownCurrent decline from peak | -0.07% | -0.14% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -2.93% | +1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.58% | -0.17% |
Volatility
SDHA.L vs. XUHY.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 Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.L) has a volatility of 1.45%. This indicates that SDHA.L experiences smaller price fluctuations and is considered to be less risky than XUHY.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 | XUHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.45% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 3.45% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 4.38% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 7.57% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 8.62% | -2.23% |
SDHA.L vs. XUHY.L - Expense Ratio Comparison
SDHA.L has a 0.45% expense ratio, which is higher than XUHY.L's 0.20% expense ratio.
Dividends
SDHA.L vs. XUHY.L - Dividend Comparison
SDHA.L has not paid dividends to shareholders, while XUHY.L's dividend yield for the trailing twelve months is around 6.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SDHA.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUHY.L Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 6.64% | 6.29% | 7.64% | 5.89% | 6.12% | 9.57% | 5.49% | 4.83% |
Frequently Asked Questions
SDHA.L and XUHY.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, XUHY.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUHY.L is cheaper with a 0.20% 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 Xtrackers. Their fees differ too: 0.45% for SDHA.L and 0.20% for XUHY.L.
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