SDHY.L vs. HYEA.L
SDHY.L ( iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist) and HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds from iShares - SDHY.L tracks the Markit iBoxx USD Liquid High Yield 0-5 Capped Index while HYEA.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, SDHY.L returned 4.61%/yr vs 2.99%/yr for HYEA.L. A 0.59 correlation means they provide meaningful diversification when combined. SDHY.L charges 0.45%/yr vs 0.50%/yr for HYEA.L.
Performance
SDHY.L vs. HYEA.L - Performance Comparison
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Different Trading Currencies
SDHY.L is traded in USD, while HYEA.L is traded in EUR. To make them comparable, the HYEA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SDHY.L achieves a 1.43% return, which is significantly higher than HYEA.L's 0.57% return.
SDHY.L
- 1D
- 0.13%
- 1M
- 0.07%
- YTD
- 1.43%
- 6M
- 2.13%
- 1Y
- 6.97%
- 3Y*
- 7.61%
- 5Y*
- 4.61%
- 10Y*
- 4.95%
HYEA.L
- 1D
- 0.14%
- 1M
- -0.30%
- YTD
- 0.57%
- 6M
- 1.49%
- 1Y
- 5.91%
- 3Y*
- 8.98%
- 5Y*
- 2.99%
- 10Y*
- —
SDHY.L vs. HYEA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist | 1.43% | 8.90% | 6.50% | 8.75% | -3.27% | 3.42% | 4.07% | 9.61% | 0.27% | -0.22% |
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 0.57% | 15.17% | 2.47% | 12.66% | -12.07% | 0.88% | 6.94% | 11.93% | -3.98% | 0.14% |
Correlation
The correlation between SDHY.L and HYEA.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2017 | 0.59 |
The correlation between SDHY.L and HYEA.L shifts across timeframes, from 0.51 (3 years) to 0.62 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SDHY.L vs. HYEA.L — Risk / Return Rank
SDHY.L
HYEA.L
SDHY.L vs. HYEA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.L) and iShares Global High Yield Corporate Bond UCITS ETF (HYEA.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.
| SDHY.L | HYEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.19 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 1.26 | +2.65 |
| Martin ratioReturn relative to average drawdown | 17.14 | 4.17 | +12.97 |
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
| SDHY.L | HYEA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 1.06 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.37 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.42 | +0.26 |
Drawdowns
SDHY.L vs. HYEA.L - Drawdown Comparison
The maximum SDHY.L drawdown since its inception was -18.94%, smaller than the maximum HYEA.L drawdown of -23.34%. Use the drawdown chart below to compare losses from any high point for SDHY.L and HYEA.L.
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Drawdown Indicators
| SDHY.L | HYEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -23.34% | +4.40% |
Max Drawdown (1Y)Largest decline over 1 year | -1.83% | -4.79% | +2.96% |
Max Drawdown (3Y)Largest decline over 3 years | -4.51% | -5.05% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -8.41% | -22.62% | +14.21% |
Max Drawdown (10Y)Largest decline over 10 years | -18.94% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -1.37% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -4.18% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 1.45% | -1.03% |
Volatility
SDHY.L vs. HYEA.L - Volatility Comparison
The current volatility for iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.L) is 1.16%, while iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) has a volatility of 1.49%. This indicates that SDHY.L experiences smaller price fluctuations and is considered to be less risky than HYEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDHY.L | HYEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.49% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 3.98% | -1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 5.69% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.46% | 8.12% | -2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.33% | 8.70% | -2.37% |
SDHY.L vs. HYEA.L - Expense Ratio Comparison
SDHY.L has a 0.45% expense ratio, which is lower than HYEA.L's 0.50% expense ratio.
Dividends
SDHY.L vs. HYEA.L - Dividend Comparison
SDHY.L's dividend yield for the trailing twelve months is around 8.31%, while HYEA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist | 8.31% | 6.59% | 6.41% | 5.64% | 4.31% | 4.24% | 4.80% | 5.26% | 5.48% | 5.42% | 5.68% | 5.05% |
Frequently Asked Questions
SDHY.L and HYEA.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDHY.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDHY.L is cheaper with a 0.45% expense ratio, compared with 0.50% for HYEA.L.
SDHY.L tracks Markit iBoxx USD Liquid High Yield 0-5 Capped Index, while HYEA.L tracks ICE BofA Gbl HY Constnd TR USD. Their fees differ too: 0.45% for SDHY.L and 0.50% for HYEA.L.
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