SDHG.L vs. JGYH.L
SDHG.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and JGYH.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)) are both High Yield Bonds funds - SDHG.L tracks the Bloomberg US Corporate High Yield TR USD while JGYH.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 4.89%/yr for JGYH.L. Their correlation of 0.88 suggests significant overlap in exposure. SDHG.L charges 0.45%/yr vs 0.35%/yr for JGYH.L.
Performance
SDHG.L vs. JGYH.L - Performance Comparison
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Returns By Period
In the year-to-date period, SDHG.L achieves a 2.17% return, which is significantly higher than JGYH.L's 1.97% 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%
JGYH.L
- 1D
- 0.17%
- 1M
- 1.39%
- YTD
- 1.97%
- 6M
- 2.21%
- 1Y
- 9.59%
- 3Y*
- 6.40%
- 5Y*
- 4.89%
- 10Y*
- —
SDHG.L vs. JGYH.L - 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% | 3.69% | 10.34% | 4.51% | 9.19% | 6.61% | -0.67% |
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) | 1.97% | 4.09% | 7.92% | 5.18% | 0.63% | 3.10% | -0.09% |
Correlation
The correlation between SDHG.L and JGYH.L is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2020 | 0.88 |
The correlation between SDHG.L and JGYH.L has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
SDHG.L vs. JGYH.L — Risk / Return Rank
SDHG.L
JGYH.L
SDHG.L vs. JGYH.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 JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.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 | JGYH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 3.97 | -0.34 |
| Martin ratioReturn relative to average drawdown | 11.43 | 11.86 | -0.44 |
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 | JGYH.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.93 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.71 | +0.29 |
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 | 0.42 | +0.44 |
Drawdowns
SDHG.L vs. JGYH.L - Drawdown Comparison
The maximum SDHG.L drawdown since its inception was -11.44%, smaller than the maximum JGYH.L drawdown of -12.24%. Use the drawdown chart below to compare losses from any high point for SDHG.L and JGYH.L.
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Drawdown Indicators
| SDHG.L | JGYH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.44% | -12.24% | +0.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -2.41% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -8.95% | -7.56% | -1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -10.53% | -7.75% | -2.78% |
Max Drawdown (10Y)Largest decline over 10 years | -11.44% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | 0.00% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -2.52% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.81% | +0.14% |
Volatility
SDHG.L vs. JGYH.L - Volatility Comparison
iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) has a higher volatility of 1.48% compared to JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L) at 1.22%. This indicates that SDHG.L's price experiences larger fluctuations and is considered to be riskier than JGYH.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 | JGYH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.22% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 3.56% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 4.94% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 6.92% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.19% | 8.60% | +0.59% |
SDHG.L vs. JGYH.L - Expense Ratio Comparison
SDHG.L has a 0.45% expense ratio, which is higher than JGYH.L's 0.35% expense ratio.
Dividends
SDHG.L vs. JGYH.L - Dividend Comparison
SDHG.L's dividend yield for the trailing twelve months is around 11.18%, while JGYH.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) | 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 JGYH.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JGYH.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JGYH.L is cheaper with a 0.35% expense ratio, compared with 0.45% for SDHG.L.
SDHG.L tracks Bloomberg US Corporate High Yield TR USD, while JGYH.L tracks ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.45% for SDHG.L and 0.35% for JGYH.L.
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