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SDHY.L vs. WIAU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SDHY.L vs. WIAU.L

Last updated Jun 5, 2026

SDHY.L ( iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist) and WIAU.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc)) are both High Yield Bonds funds from iShares - SDHY.L tracks the Markit iBoxx USD Liquid High Yield 0-5 Capped Index while WIAU.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 2.57%/yr for WIAU.L. A 0.66 correlation means they provide meaningful diversification when combined. SDHY.L charges 0.45%/yr vs 0.50%/yr for WIAU.L.

Performance

SDHY.L vs. WIAU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.L) and iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc) (WIAU.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SDHY.L achieves a 1.43% return, which is significantly higher than WIAU.L's 0.89% 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%

WIAU.L

1D
0.16%
1M
-0.05%
YTD
0.89%
6M
1.54%
1Y
7.44%
3Y*
8.41%
5Y*
2.57%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SDHY.L vs. WIAU.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
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%-0.72%
WIAU.L
iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc)		0.89%12.49%3.04%12.97%-14.25%1.81%18.31%15.74%-6.29%

Correlation

The correlation between SDHY.L and WIAU.L is 0.55, 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

0.55

Correlation (3Y)
Calculated over the trailing 3-year period

0.62

Correlation (5Y)
Calculated over the trailing 5-year period

0.67

Correlation (All Time)
Calculated using the full available price history since Apr 19, 2018

0.66

The correlation between SDHY.L and WIAU.L shifts across timeframes, from 0.55 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.

SDHY.L vs. WIAU.L - Sectors Allocation Comparison

Sectors
SDHY.L
WIAU.L

Utilities

77.9%

-

Real Estate

22.1%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

100.0%

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

SDHY.L
77.9%
WIAU.L

-

Real Estate

SDHY.L
22.1%
WIAU.L

-

Basic Materials

SDHY.L

-

WIAU.L

-

Communication Services

SDHY.L

-

WIAU.L

-

Consumer Cyclical

SDHY.L

-

WIAU.L

-

Consumer Defensive

SDHY.L

-

WIAU.L

-

Energy

SDHY.L

-

WIAU.L

-

Financial Services

SDHY.L

-

WIAU.L
100.0%

Healthcare

SDHY.L

-

WIAU.L

-

Industrials

SDHY.L

-

WIAU.L

-

Technology

SDHY.L

-

WIAU.L

-

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iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist

iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc)

Often compared with SDHY.L:
SDHY.L vs. JHYU.LSDHY.L vs. JNKS.LSDHY.L vs. STHE.LSDHY.L vs. EHYG.LSDHY.L vs. GLDSDHY.L vs. GHYU.LSDHY.L vs. JGYH.L
Often compared with WIAU.L:
WIAU.L vs. HYFC.LWIAU.L vs. AGGG.LWIAU.L vs. STHE.LWIAU.L vs. SHLDWIAU.L vs. DTLA.LWIAU.L vs. SDHA.LWIAU.L vs. QQQ

Return for Risk

SDHY.L vs. WIAU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SDHY.L
SDHY.L Risk / Return Rank: 7373
Overall Rank
SDHY.L Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
SDHY.L Sortino Ratio Rank: 7272
Sortino Ratio Rank
SDHY.L Omega Ratio Rank: 6666
Omega Ratio Rank
SDHY.L Calmar Ratio Rank: 7878
Calmar Ratio Rank
SDHY.L Martin Ratio Rank: 8585
Martin Ratio Rank
WIAU.L
WIAU.L Risk / Return Rank: 4141
Overall Rank
WIAU.L Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
WIAU.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
WIAU.L Omega Ratio Rank: 4141
Omega Ratio Rank
WIAU.L Calmar Ratio Rank: 3535
Calmar Ratio Rank
WIAU.L Martin Ratio Rank: 4141
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SDHY.L vs. WIAU.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 Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc) (WIAU.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.LWIAU.LDifference
Sharpe ratioReturn per unit of total volatility
2.09
1.43

+0.66

Sortino ratioReturn per unit of downside risk
3.19
2.19

+1.00

Omega ratioGain probability vs. loss probability

1.39

1.26

+0.13

Calmar ratioReturn relative to maximum drawdown

3.91

1.72

+2.20

Martin ratioReturn relative to average drawdown

17.14

6.49

+10.65

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDHY.L vs. WIAU.L - Sharpe Ratio Comparison

The current SDHY.L Sharpe Ratio is 2.09, which is higher than the WIAU.L Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of SDHY.L and WIAU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SDHY.LWIAU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.09

1.43

+0.66

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

0.37

+0.47

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

0.58

+0.11

Drawdowns

SDHY.L vs. WIAU.L - Drawdown Comparison

The maximum SDHY.L drawdown since its inception was -18.94%, smaller than the maximum WIAU.L drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for SDHY.L and WIAU.L.

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Drawdown Indicators

SDHY.LWIAU.LDifference

Max Drawdown

Largest peak-to-trough decline

-18.94%

-23.51%

+4.57%

Max Drawdown (1Y)

Largest decline over 1 year

-1.83%

-4.52%

+2.69%

Max Drawdown (3Y)

Largest decline over 3 years

-4.51%

-5.00%

+0.49%

Max Drawdown (5Y)

Largest decline over 5 years

-8.41%

-21.83%

+13.42%

Max Drawdown (10Y)

Largest decline over 10 years

-18.94%

—

—

Current Drawdown

Current decline from peak

-0.19%

-0.85%

+0.66%

Average Drawdown

Average peak-to-trough decline

-1.28%

-4.45%

+3.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.42%

1.20%

-0.78%

Volatility

SDHY.L vs. WIAU.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 Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc) (WIAU.L) has a volatility of 1.66%. This indicates that SDHY.L experiences smaller price fluctuations and is considered to be less risky than WIAU.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.LWIAU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.16%

1.66%

-0.50%

Volatility (6M)

Calculated over the trailing 6-month period

2.69%

4.20%

-1.51%

Volatility (1Y)

Calculated over the trailing 1-year period

3.43%

5.43%

-2.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.46%

7.16%

-1.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.33%

9.42%

-3.09%

SDHY.L vs. WIAU.L - Expense Ratio Comparison

SDHY.L has a 0.45% expense ratio, which is lower than WIAU.L's 0.50% expense ratio.

Dividends

SDHY.L vs. WIAU.L - Dividend Comparison

SDHY.L's dividend yield for the trailing twelve months is around 8.31%, while WIAU.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
WIAU.L
iShares Fallen Angels High Yield Corporate Bond 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

SDHY.L and WIAU.L have a correlation of 0.55, 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 WIAU.L.

SDHY.L tracks Markit iBoxx USD Liquid High Yield 0-5 Capped Index, while WIAU.L tracks ICE BofA Gbl HY Constnd TR USD. Their fees differ too: 0.45% for SDHY.L and 0.50% for WIAU.L.

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