SDHG.L vs. TAHY.L
SDHG.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc)) are both High Yield Bonds funds - SDHG.L tracks the Bloomberg US Corporate High Yield TR USD while TAHY.L tracks the iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. Both are passively managed. Over the past 3 years, SDHG.L returned 5.74%/yr vs 6.97%/yr for TAHY.L. At a 0.45 correlation, their price movements are largely independent. SDHG.L charges 0.45%/yr vs 0.60%/yr for TAHY.L.
Performance
SDHG.L vs. TAHY.L - Performance Comparison
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Different Trading Currencies
SDHG.L is traded in GBP, while TAHY.L is traded in USD. To make them comparable, the TAHY.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 2.20% return, which is significantly lower than TAHY.L's 3.40% return.
SDHG.L
- 1D
- 0.08%
- 1M
- -1.28%
- 6M
- 1.92%
- YTD
- 2.20%
- 1Y
- 6.08%
- 3Y*
- 5.74%
- 5Y*
- 5.03%
- 10Y*
- 4.47%
- ALL TIME*
- 1.82%
TAHY.L
- 1D
- -1.09%
- 1M
- -1.99%
- 6M
- 1.88%
- YTD
- 3.40%
- 1Y
- 5.65%
- 3Y*
- 6.97%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.35%
SDHG.L vs. TAHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.20% | 1.29% | 8.41% | 2.88% | 8.13% | 2.52% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 3.40% | -0.38% | 19.59% | -15.20% | -8.69% | -11.17% |
Correlation
The correlation between SDHG.L and TAHY.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.45 |
The correlation between SDHG.L and TAHY.L shifts across timeframes, from 0.45 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SDHG.L vs. TAHY.L — Risk / Return Rank
SDHG.L
TAHY.L
SDHG.L vs. TAHY.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 Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SDHG.L | TAHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.13 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 0.92 | +0.68 |
| Martin ratioReturn relative to average drawdown | 4.68 | 2.26 | +2.42 |
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Drawdowns
SDHG.L vs. TAHY.L - Drawdown Comparison
The maximum SDHG.L drawdown since its inception was -39.18%, roughly equal to the maximum TAHY.L drawdown of -40.62%. Use the drawdown chart below to compare losses from any high point for SDHG.L and TAHY.L.
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Drawdown Indicators
| SDHG.L | TAHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.18% | -40.62% | +1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -5.98% | +2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -8.95% | -7.70% | -1.25% |
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 | -1.86% | -15.32% | +13.46% |
Average DrawdownAverage peak-to-trough decline | -12.47% | -21.35% | +8.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 2.43% | -1.13% |
Volatility
SDHG.L vs. TAHY.L - Volatility Comparison
The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) is 1.38%, while Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) has a volatility of 2.17%. This indicates that SDHG.L experiences smaller price fluctuations and is considered to be less risky than TAHY.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 | TAHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 2.17% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 4.14% | 5.89% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 7.52% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.49% | 14.73% | -7.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.64% | 14.73% | -6.09% |
SDHG.L vs. TAHY.L - Expense Ratio Comparison
SDHG.L has a 0.45% expense ratio, which is lower than TAHY.L's 0.60% expense ratio.
Dividends
SDHG.L vs. TAHY.L - Dividend Comparison
SDHG.L's dividend yield for the trailing twelve months is around 6.77%, while TAHY.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 6.77% | 6.56% | 6.32% | 5.63% | 4.24% | 4.19% | 5.08% | 5.39% | 5.41% | 5.60% | 5.32% | 4.92% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (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% |
Frequently Asked Questions
SDHG.L and TAHY.L have a correlation of 0.64, 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 0.60% for TAHY.L.
SDHG.L tracks Bloomberg US Corporate High Yield TR USD, while TAHY.L tracks iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. They also come from different issuers: iShares and Janus Henderson. Their fees differ too: 0.45% for SDHG.L and 0.60% for TAHY.L.
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