SDHG.L vs. 8PSG.DE
SDHG.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and 8PSG.DE (Invesco Physical Gold ETC) are both exchange-traded funds - SDHG.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD, while 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, SDHG.L returned 5.73%/yr vs 19.87%/yr for 8PSG.DE. At a 0.11 correlation, their price movements are largely independent. SDHG.L charges 0.45%/yr vs 0.12%/yr for 8PSG.DE.
Performance
SDHG.L vs. 8PSG.DE - Performance Comparison
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Different Trading Currencies
SDHG.L is traded in GBP, while 8PSG.DE is traded in EUR. To make them comparable, the 8PSG.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SDHG.L achieves a 2.17% return, which is significantly higher than 8PSG.DE's 1.87% return.
SDHG.L
- 1D
- 0.32%
- 1M
- 2.24%
- YTD
- 2.17%
- 6M
- 1.78%
- 1Y
- 8.47%
- 3Y*
- 5.37%
- 5Y*
- 5.73%
- 10Y*
- 5.66%
8PSG.DE
- 1D
- 0.66%
- 1M
- -3.83%
- YTD
- 1.87%
- 6M
- 5.54%
- 1Y
- 34.92%
- 3Y*
- 28.19%
- 5Y*
- 19.87%
- 10Y*
- —
SDHG.L vs. 8PSG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.17% | 1.29% | 8.41% | 2.88% | 8.13% | 4.95% | -1.58% |
8PSG.DE Invesco Physical Gold ETC | 1.87% | 56.73% | 28.43% | 7.25% | 12.86% | -3.51% | 10.46% |
Correlation
The correlation between SDHG.L and 8PSG.DE is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2020 | 0.11 |
The correlation between SDHG.L and 8PSG.DE shifts across timeframes, from -0.07 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SDHG.L vs. 8PSG.DE — Risk / Return Rank
SDHG.L
8PSG.DE
SDHG.L vs. 8PSG.DE - 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 (SDHG.L) and Invesco Physical Gold ETC (8PSG.DE). 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.
| SDHG.L | 8PSG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.94 | +0.29 |
| Martin ratioReturn relative to average drawdown | 6.78 | 5.10 | +1.68 |
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
| SDHG.L | 8PSG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.45 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 1.21 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 1.01 | -0.88 |
Drawdowns
SDHG.L vs. 8PSG.DE - Drawdown Comparison
The maximum SDHG.L drawdown since its inception was -39.18%, which is greater than 8PSG.DE's maximum drawdown of -22.55%. Use the drawdown chart below to compare losses from any high point for SDHG.L and 8PSG.DE.
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Drawdown Indicators
| SDHG.L | 8PSG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.18% | -22.55% | -16.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -17.29% | +13.50% |
Max Drawdown (3Y)Largest decline over 3 years | -8.95% | -17.29% | +8.34% |
Max Drawdown (5Y)Largest decline over 5 years | -11.66% | -17.29% | +5.63% |
Max Drawdown (10Y)Largest decline over 10 years | -12.32% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -15.69% | +15.46% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -6.33% | -6.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 6.58% | -5.33% |
Volatility
SDHG.L vs. 8PSG.DE - Volatility Comparison
The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) is 1.46%, while Invesco Physical Gold ETC (8PSG.DE) has a volatility of 5.08%. This indicates that SDHG.L experiences smaller price fluctuations and is considered to be less risky than 8PSG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDHG.L | 8PSG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 5.08% | -3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 4.01% | 20.06% | -16.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.79% | 23.17% | -17.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.51% | 16.23% | -8.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.08% | 16.43% | -7.35% |
SDHG.L vs. 8PSG.DE - Expense Ratio Comparison
SDHG.L has a 0.45% expense ratio, which is higher than 8PSG.DE's 0.12% expense ratio.
Dividends
SDHG.L vs. 8PSG.DE - Dividend Comparison
SDHG.L's dividend yield for the trailing twelve months is around 8.25%, while 8PSG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 8.25% | 6.56% | 6.32% | 5.63% | 4.24% | 4.19% | 5.08% | 5.39% | 5.41% | 5.60% | 5.32% | 4.92% |
Frequently Asked Questions
SDHG.L and 8PSG.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSG.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSG.DE is cheaper with a 0.12% expense ratio, compared with 0.45% for SDHG.L.
SDHG.L is categorized as High Yield Bonds, while 8PSG.DE is Gold. SDHG.L tracks Bloomberg US Corporate High Yield TR USD, while 8PSG.DE tracks LBMA Gold Price PM. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.45% for SDHG.L and 0.12% for 8PSG.DE.
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