SDHG.L vs. DA20.DE
SDHG.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and DA20.DE (Bitwise MSCI Digital Assets Select 20 ETP) are both exchange-traded funds - SDHG.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD, while DA20.DE is a Cryptocurrency fund tracking the MSCI Global Digital Assets Select Top 20 Capped Index. Both are passively managed. Over the past 3 years, SDHG.L returned 5.37%/yr vs 11.75%/yr for DA20.DE. At a 0.04 correlation, their price movements are largely independent. SDHG.L charges 0.45%/yr vs 1.49%/yr for DA20.DE.
Performance
SDHG.L vs. DA20.DE - Performance Comparison
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Different Trading Currencies
SDHG.L is traded in GBP, while DA20.DE is traded in EUR. To make them comparable, the DA20.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 DA20.DE's -35.58% 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%
DA20.DE
- 1D
- -4.72%
- 1M
- -19.18%
- YTD
- -35.58%
- 6M
- -40.18%
- 1Y
- -39.30%
- 3Y*
- 11.75%
- 5Y*
- —
- 10Y*
- —
SDHG.L vs. DA20.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.17% | 1.29% | 8.41% | 3.63% |
DA20.DE Bitwise MSCI Digital Assets Select 20 ETP | -35.58% | -22.08% | 82.12% | 50.62% |
Correlation
The correlation between SDHG.L and DA20.DE is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2023 | 0.04 |
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Return for Risk
SDHG.L vs. DA20.DE — Risk / Return Rank
SDHG.L
DA20.DE
SDHG.L vs. DA20.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 Bitwise MSCI Digital Assets Select 20 ETP (DA20.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 | DA20.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.88 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | -0.68 | +2.91 |
| Martin ratioReturn relative to average drawdown | 6.78 | -1.17 | +7.95 |
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 | DA20.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | -0.82 | +2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | — | — |
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 | 0.21 | -0.07 |
Drawdowns
SDHG.L vs. DA20.DE - Drawdown Comparison
The maximum SDHG.L drawdown since its inception was -39.18%, smaller than the maximum DA20.DE drawdown of -59.62%. Use the drawdown chart below to compare losses from any high point for SDHG.L and DA20.DE.
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Drawdown Indicators
| SDHG.L | DA20.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.18% | -59.62% | +20.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -59.62% | +55.83% |
Max Drawdown (3Y)Largest decline over 3 years | -8.95% | -59.62% | +50.67% |
Max Drawdown (5Y)Largest decline over 5 years | -11.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -12.32% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -59.62% | +59.39% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -20.30% | +7.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 35.05% | -33.80% |
Volatility
SDHG.L vs. DA20.DE - Volatility Comparison
The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) is 1.46%, while Bitwise MSCI Digital Assets Select 20 ETP (DA20.DE) has a volatility of 11.22%. This indicates that SDHG.L experiences smaller price fluctuations and is considered to be less risky than DA20.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 | DA20.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 11.22% | -9.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.01% | 35.83% | -31.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.79% | 50.01% | -44.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.51% | 52.28% | -44.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.08% | 52.28% | -43.20% |
SDHG.L vs. DA20.DE - Expense Ratio Comparison
SDHG.L has a 0.45% expense ratio, which is lower than DA20.DE's 1.49% expense ratio.
Dividends
SDHG.L vs. DA20.DE - Dividend Comparison
SDHG.L's dividend yield for the trailing twelve months is around 8.25%, while DA20.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DA20.DE Bitwise MSCI Digital Assets Select 20 ETP | 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 DA20.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDHG.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDHG.L is cheaper with a 0.45% expense ratio, compared with 1.49% for DA20.DE.
SDHG.L is categorized as High Yield Bonds, while DA20.DE is Cryptocurrency. SDHG.L tracks Bloomberg US Corporate High Yield TR USD, while DA20.DE tracks MSCI Global Digital Assets Select Top 20 Capped Index. They also come from different issuers: iShares and Bitwise. Their fees differ too: 0.45% for SDHG.L and 1.49% for DA20.DE.
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