SDHG.L vs. WIGG.L
SDHG.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and WIGG.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)) are both High Yield Bonds funds from iShares - SDHG.L tracks the Bloomberg US Corporate High Yield TR USD while WIGG.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 2.72%/yr for WIGG.L. At a 0.08 correlation, their price movements are largely independent. SDHG.L charges 0.45%/yr vs 0.55%/yr for WIGG.L.
Performance
SDHG.L vs. WIGG.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 WIGG.L's 1.47% 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%
WIGG.L
- 1D
- 0.13%
- 1M
- 0.90%
- YTD
- 1.47%
- 6M
- 1.71%
- 1Y
- 7.53%
- 3Y*
- 7.62%
- 5Y*
- 2.72%
- 10Y*
- —
SDHG.L vs. WIGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 12.55% |
WIGG.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) | 1.47% | 8.82% | 4.80% | 11.01% | -12.90% | 4.06% | 13.22% | 14.56% | -3.63% |
Correlation
The correlation between SDHG.L and WIGG.L is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2018 | 0.08 |
The correlation between SDHG.L and WIGG.L shifts across timeframes, from -0.10 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SDHG.L vs. WIGG.L — Risk / Return Rank
SDHG.L
WIGG.L
SDHG.L vs. WIGG.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 iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.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 | WIGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.39 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 2.13 | +1.50 |
| Martin ratioReturn relative to average drawdown | 11.43 | 8.95 | +2.48 |
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 | WIGG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.98 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.46 | +0.54 |
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 | 0.63 | +0.22 |
Drawdowns
SDHG.L vs. WIGG.L - Drawdown Comparison
The maximum SDHG.L drawdown since its inception was -11.44%, smaller than the maximum WIGG.L drawdown of -23.44%. Use the drawdown chart below to compare losses from any high point for SDHG.L and WIGG.L.
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Drawdown Indicators
| SDHG.L | WIGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.44% | -23.44% | +12.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -3.52% | +0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -8.95% | -4.30% | -4.65% |
Max Drawdown (5Y)Largest decline over 5 years | -10.53% | -17.35% | +6.82% |
Max Drawdown (10Y)Largest decline over 10 years | -11.44% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.10% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -3.59% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.84% | +0.11% |
Volatility
SDHG.L vs. WIGG.L - Volatility Comparison
iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) has a higher volatility of 1.48% compared to iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) at 1.30%. This indicates that SDHG.L's price experiences larger fluctuations and is considered to be riskier than WIGG.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 | WIGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.30% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 2.97% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 3.80% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 5.92% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.19% | 7.44% | +1.75% |
SDHG.L vs. WIGG.L - Expense Ratio Comparison
SDHG.L has a 0.45% expense ratio, which is lower than WIGG.L's 0.55% expense ratio.
Dividends
SDHG.L vs. WIGG.L - Dividend Comparison
SDHG.L's dividend yield for the trailing twelve months is around 11.18%, more than WIGG.L's 6.92% yield.
| 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% |
WIGG.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) | 6.92% | 5.58% | 5.74% | 5.08% | 4.47% | 3.89% | 4.24% | 4.53% | 3.28% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SDHG.L and WIGG.L have a correlation of -0.10, 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 0.55% for WIGG.L.
SDHG.L tracks Bloomberg US Corporate High Yield TR USD, while WIGG.L tracks ICE BofA Gbl HY Constnd TR HGBP. Their fees differ too: 0.45% for SDHG.L and 0.55% for WIGG.L.
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