SDHG.L vs. UHYG.L
SDHG.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and UHYG.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Dist) are both High Yield Bonds funds tracking the Bloomberg US Corporate High Yield TR USD, from iShares and Amundi respectively. Both are passively managed. Over the past 5 years, SDHG.L returned 7.59%/yr vs 3.52%/yr for UHYG.L. Their correlation of 0.93 suggests significant overlap in exposure. SDHG.L charges 0.45%/yr vs 0.25%/yr for UHYG.L.
Performance
SDHG.L vs. UHYG.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 UHYG.L's 1.45% 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%
UHYG.L
- 1D
- 0.14%
- 1M
- 1.40%
- YTD
- 1.45%
- 6M
- -4.48%
- 1Y
- 1.72%
- 3Y*
- 3.77%
- 5Y*
- 3.52%
- 10Y*
- —
SDHG.L vs. UHYG.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% | -3.56% |
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist | 1.45% | -4.28% | 9.74% | 5.64% | -1.68% | 4.50% | 2.15% | 9.58% | 3.46% | -2.77% |
Correlation
The correlation between SDHG.L and UHYG.L is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2016 | 0.93 |
The correlation between SDHG.L and UHYG.L has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
SDHG.L vs. UHYG.L — Risk / Return Rank
SDHG.L
UHYG.L
SDHG.L vs. UHYG.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 Lyxor ESG USD High Yield (DR) UCITS ETF - Dist (UHYG.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 | UHYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.05 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 0.19 | +3.44 |
| Martin ratioReturn relative to average drawdown | 11.43 | 0.36 | +11.07 |
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 | UHYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 0.22 | +1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.41 | +0.60 |
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 | 0.30 | +0.56 |
Drawdowns
SDHG.L vs. UHYG.L - Drawdown Comparison
The maximum SDHG.L drawdown since its inception was -11.44%, smaller than the maximum UHYG.L drawdown of -15.35%. Use the drawdown chart below to compare losses from any high point for SDHG.L and UHYG.L.
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Drawdown Indicators
| SDHG.L | UHYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.44% | -15.35% | +3.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -8.88% | +5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -8.95% | -9.53% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -10.53% | -10.48% | -0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -11.44% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -6.21% | +5.84% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -4.22% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 4.79% | -3.84% |
Volatility
SDHG.L vs. UHYG.L - Volatility Comparison
iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) and Lyxor ESG USD High Yield (DR) UCITS ETF - Dist (UHYG.L) have volatilities of 1.48% and 1.41%, 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.
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Volatility by Period
| SDHG.L | UHYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.41% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 7.01% | -2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 7.94% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 8.70% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.19% | 9.50% | -0.31% |
SDHG.L vs. UHYG.L - Expense Ratio Comparison
SDHG.L has a 0.45% expense ratio, which is higher than UHYG.L's 0.25% expense ratio.
Dividends
SDHG.L vs. UHYG.L - Dividend Comparison
SDHG.L's dividend yield for the trailing twelve months is around 11.18%, while UHYG.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 | 11.18% | 8.87% | 8.03% | 7.20% | 5.20% | 5.72% | 6.58% | 6.95% | 7.01% | 7.33% | 6.99% | 7.49% |
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist | 0.00% | 0.00% | 3.44% | 6.00% | 5.93% | 6.98% | 6.98% | 6.59% | 5.42% | 4.11% | 0.00% | 0.00% |
Frequently Asked Questions
SDHG.L and UHYG.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UHYG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UHYG.L is cheaper with a 0.25% expense ratio, compared with 0.45% for SDHG.L.
Both ETFs track Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.45% for SDHG.L and 0.25% for UHYG.L.
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