SDHG.L vs. USHY
Compare and contrast key facts about iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
SDHG.L and USHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SDHG.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corporate High Yield TR USD. It was launched on Oct 15, 2013. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017. Both SDHG.L and USHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SDHG.L or USHY.
Key characteristics
| SDHG.L | USHY | |
|---|---|---|
| YTD Return | 5.20% | 7.52% |
| 1Y Return | 6.25% | 12.62% |
| 3Y Return (Ann) | 6.58% | 2.67% |
| 5Y Return (Ann) | 5.36% | 4.18% |
| Sharpe Ratio | 1.14 | 3.20 |
| Sortino Ratio | 1.84 | 5.29 |
| Omega Ratio | 1.21 | 1.67 |
| Calmar Ratio | 1.10 | 2.71 |
| Martin Ratio | 5.44 | 26.68 |
| Ulcer Index | 1.15% | 0.57% |
| Daily Std Dev | 5.58% | 4.76% |
| Max Drawdown | -11.44% | -22.44% |
| Current Drawdown | -0.65% | -0.96% |
Correlation
The correlation between SDHG.L and USHY is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SDHG.L vs. USHY - Performance Comparison
In the year-to-date period, SDHG.L achieves a 5.20% return, which is significantly lower than USHY's 7.52% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SDHG.L vs. USHY - Expense Ratio Comparison
SDHG.L has a 0.45% expense ratio, which is higher than USHY's 0.15% expense ratio.
Risk-Adjusted Performance
SDHG.L vs. USHY - Risk-Adjusted Performance 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 ETF (USHY). 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.
Dividends
SDHG.L vs. USHY - Dividend Comparison
SDHG.L's dividend yield for the trailing twelve months is around 7.72%, more than USHY's 6.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 7.72% | 7.20% | 5.20% | 5.72% | 6.58% | 6.95% | 7.01% | 7.33% | 6.99% | 7.49% | 6.88% | 0.83% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.74% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SDHG.L vs. USHY - Drawdown Comparison
The maximum SDHG.L drawdown since its inception was -11.44%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for SDHG.L and USHY. For additional features, visit the drawdowns tool.
Volatility
SDHG.L vs. USHY - Volatility Comparison
iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) has a higher volatility of 1.08% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 0.90%. This indicates that SDHG.L's price experiences larger fluctuations and is considered to be riskier than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.