SDHG.L vs. JHYP.L
SDHG.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and JHYP.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)) are both High Yield Bonds funds - SDHG.L tracks the Bloomberg US Corporate High Yield TR USD while JHYP.L tracks the ICE BofA Gbl HY Constnd TR HGBP. Both are passively managed. Over the past 5 years, SDHG.L returned 7.59%/yr vs 3.69%/yr for JHYP.L. At a 0.05 correlation, their price movements are largely independent. SDHG.L charges 0.45%/yr vs 0.35%/yr for JHYP.L.
Performance
SDHG.L vs. JHYP.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SDHG.L having a 2.17% return and JHYP.L slightly lower at 2.14%.
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%
JHYP.L
- 1D
- 0.13%
- 1M
- 0.65%
- YTD
- 2.14%
- 6M
- 2.89%
- 1Y
- 8.43%
- 3Y*
- 8.74%
- 5Y*
- 3.69%
- 10Y*
- —
SDHG.L vs. JHYP.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% | 4.09% |
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) | 2.14% | 9.26% | 7.69% | 9.79% | -10.02% | 2.97% | 14.80% |
Correlation
The correlation between SDHG.L and JHYP.L is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 1, 2020 | 0.05 |
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Return for Risk
SDHG.L vs. JHYP.L — Risk / Return Rank
SDHG.L
JHYP.L
SDHG.L vs. JHYP.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 - GBP Hedged (dist) (JHYP.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 | JHYP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 3.41 | +0.22 |
| Martin ratioReturn relative to average drawdown | 11.43 | 14.15 | -2.72 |
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 | JHYP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 2.05 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.66 | +0.34 |
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 | 1.01 | -0.15 |
Drawdowns
SDHG.L vs. JHYP.L - Drawdown Comparison
The maximum SDHG.L drawdown since its inception was -11.44%, smaller than the maximum JHYP.L drawdown of -15.44%. Use the drawdown chart below to compare losses from any high point for SDHG.L and JHYP.L.
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Drawdown Indicators
| SDHG.L | JHYP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.44% | -15.44% | +4.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -2.46% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -8.95% | -4.58% | -4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -10.53% | -15.44% | +4.91% |
Max Drawdown (10Y)Largest decline over 10 years | -11.44% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.03% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -3.22% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.59% | +0.36% |
Volatility
SDHG.L vs. JHYP.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 - GBP Hedged (dist) (JHYP.L) at 1.06%. This indicates that SDHG.L's price experiences larger fluctuations and is considered to be riskier than JHYP.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 | JHYP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.06% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 2.73% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 4.10% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 5.62% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.19% | 5.68% | +3.51% |
SDHG.L vs. JHYP.L - Expense Ratio Comparison
SDHG.L has a 0.45% expense ratio, which is higher than JHYP.L's 0.35% expense ratio.
Dividends
SDHG.L vs. JHYP.L - Dividend Comparison
SDHG.L's dividend yield for the trailing twelve months is around 11.18%, more than JHYP.L's 5.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) | 5.97% | 6.58% | 5.96% | 8.55% | 5.62% | 4.37% | 0.69% | 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 JHYP.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JHYP.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JHYP.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 JHYP.L tracks ICE BofA Gbl HY Constnd TR HGBP. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.45% for SDHG.L and 0.35% for JHYP.L.
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