SDHG.L vs. HYUS.L
SDHG.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and HYUS.L (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) are both High Yield Bonds funds from iShares tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 3 years, SDHG.L returned 7.16%/yr vs 6.14%/yr for HYUS.L. A 0.69 correlation means they provide meaningful diversification when combined. SDHG.L charges 0.45%/yr vs 0.20%/yr for HYUS.L.
Performance
SDHG.L vs. HYUS.L - Performance Comparison
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Different Trading Currencies
SDHG.L is traded in GBP, while HYUS.L is traded in USD. To make them comparable, the HYUS.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 HYUS.L's 1.63% 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%
HYUS.L
- 1D
- -0.00%
- 1M
- 1.43%
- YTD
- 1.63%
- 6M
- 1.47%
- 1Y
- 7.95%
- 3Y*
- 6.14%
- 5Y*
- —
- 10Y*
- —
SDHG.L vs. HYUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.17% | 3.69% | 10.34% | 4.51% | 8.86% |
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 1.63% | 0.89% | 10.17% | 7.21% | 1.75% |
Correlation
The correlation between SDHG.L and HYUS.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022 | 0.69 |
The correlation between SDHG.L and HYUS.L has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.
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Return for Risk
SDHG.L vs. HYUS.L — Risk / Return Rank
SDHG.L
HYUS.L
SDHG.L vs. HYUS.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 Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.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 | HYUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.22 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 2.12 | +1.51 |
| Martin ratioReturn relative to average drawdown | 11.43 | 6.42 | +5.01 |
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 | HYUS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.21 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | — | — |
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 | 0.57 | +0.29 |
Drawdowns
SDHG.L vs. HYUS.L - Drawdown Comparison
The maximum SDHG.L drawdown since its inception was -11.44%, roughly equal to the maximum HYUS.L drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for SDHG.L and HYUS.L.
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Drawdown Indicators
| SDHG.L | HYUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.44% | -11.15% | -0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -3.73% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -8.95% | -10.40% | +1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -10.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -11.44% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -1.51% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -4.11% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.24% | -0.29% |
Volatility
SDHG.L vs. HYUS.L - Volatility Comparison
The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) is 1.48%, while iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) has a volatility of 2.04%. This indicates that SDHG.L experiences smaller price fluctuations and is considered to be less risky than HYUS.L 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 | HYUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 2.04% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 5.01% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 6.55% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 9.11% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.19% | 9.11% | +0.08% |
SDHG.L vs. HYUS.L - Expense Ratio Comparison
SDHG.L has a 0.45% expense ratio, which is higher than HYUS.L's 0.20% expense ratio.
Dividends
SDHG.L vs. HYUS.L - Dividend Comparison
SDHG.L's dividend yield for the trailing twelve months is around 11.18%, more than HYUS.L's 9.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 9.21% | 7.38% | 7.54% | 6.30% | 1.52% | 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 HYUS.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYUS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYUS.L is cheaper with a 0.20% expense ratio, compared with 0.45% for SDHG.L.
Both ETFs track Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.45% for SDHG.L and 0.20% for HYUS.L.
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