SDHG.L vs. HYEA.L
SDHG.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds from iShares - SDHG.L tracks the Bloomberg US Corporate High Yield TR USD while HYEA.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, SDHG.L returned 7.59%/yr vs 4.10%/yr for HYEA.L. A 0.74 correlation means they provide meaningful diversification when combined. SDHG.L charges 0.45%/yr vs 0.50%/yr for HYEA.L.
Performance
SDHG.L vs. HYEA.L - Performance Comparison
Loading charts...
Different Trading Currencies
SDHG.L is traded in GBP, while HYEA.L is traded in EUR. To make them comparable, the HYEA.L 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 HYEA.L's 1.00% return.
SDHG.L
- 1D
- 0.26%
- 1M
- 1.12%
- YTD
- 2.17%
- 6M
- 3.15%
- 1Y
- 11.14%
- 3Y*
- 7.16%
- 5Y*
- 7.59%
- 10Y*
- 7.60%
HYEA.L
- 1D
- 0.16%
- 1M
- 1.14%
- YTD
- 1.00%
- 6M
- 0.98%
- 1Y
- 7.10%
- 3Y*
- 6.25%
- 5Y*
- 4.10%
- 10Y*
- —
SDHG.L vs. HYEA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.17% | 3.69% | 10.34% | 4.51% | 9.19% | 6.61% | 1.92% | 7.77% | 7.80% | -2.41% |
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 1.00% | 6.97% | 4.26% | 7.03% | -1.62% | 1.84% | 3.80% | 7.67% | 1.71% | -2.70% |
Correlation
The correlation between SDHG.L and HYEA.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2017 | 0.74 |
The correlation between SDHG.L and HYEA.L shifts across timeframes, from 0.56 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SDHG.L vs. HYEA.L — Risk / Return Rank
SDHG.L
HYEA.L
SDHG.L vs. HYEA.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 (SDHG.L) and iShares Global High Yield Corporate Bond UCITS ETF (HYEA.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.
| SDHG.L | HYEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 3.10 | +0.53 |
| Martin ratioReturn relative to average drawdown | 11.43 | 8.60 | +2.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SDHG.L | HYEA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.60 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.63 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.43 | +0.43 |
Drawdowns
SDHG.L vs. HYEA.L - Drawdown Comparison
The maximum SDHG.L drawdown since its inception was -11.44%, smaller than the maximum HYEA.L drawdown of -16.98%. Use the drawdown chart below to compare losses from any high point for SDHG.L and HYEA.L.
Loading charts...
Drawdown Indicators
| SDHG.L | HYEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.44% | -16.98% | +5.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -2.28% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -8.95% | -4.27% | -4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -10.53% | -9.31% | -1.22% |
Max Drawdown (10Y)Largest decline over 10 years | -11.44% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.21% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -2.62% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.82% | +0.13% |
Volatility
SDHG.L vs. HYEA.L - Volatility Comparison
iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) and iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) have volatilities of 1.48% and 1.47%, 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.
Loading charts...
Volatility by Period
| SDHG.L | HYEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.47% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 3.30% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 4.43% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 6.47% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.19% | 8.00% | +1.19% |
SDHG.L vs. HYEA.L - Expense Ratio Comparison
SDHG.L has a 0.45% expense ratio, which is lower than HYEA.L's 0.50% expense ratio.
Dividends
SDHG.L vs. HYEA.L - Dividend Comparison
SDHG.L's dividend yield for the trailing twelve months is around 11.18%, while HYEA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 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 | 11.18% | 8.87% | 8.03% | 7.20% | 5.20% | 5.72% | 6.58% | 6.95% | 7.01% | 7.33% | 6.99% | 7.49% |
Frequently Asked Questions
SDHG.L and HYEA.L have a correlation of 0.56, 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 0.50% for HYEA.L.
SDHG.L tracks Bloomberg US Corporate High Yield TR USD, while HYEA.L tracks ICE BofA Gbl HY Constnd TR USD. Their fees differ too: 0.45% for SDHG.L and 0.50% for HYEA.L.
Find the right allocation for SDHG.L and HYEA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer