SDIA.L vs. IHYA.L
SDIA.L (iShares USD Short Duration Corporate Bond UCITS ETF (Acc)) and IHYA.L (iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)) are both exchange-traded funds - SDIA.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD, while IHYA.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, SDIA.L returned 2.40%/yr vs 3.99%/yr for IHYA.L. At a 0.35 correlation, their price movements are largely independent. SDIA.L charges 0.20%/yr vs 0.50%/yr for IHYA.L.
Performance
SDIA.L vs. IHYA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SDIA.L achieves a 0.79% return, which is significantly lower than IHYA.L's 1.10% return.
SDIA.L
- 1D
- 0.11%
- 1M
- 0.39%
- YTD
- 0.79%
- 6M
- 1.24%
- 1Y
- 4.27%
- 3Y*
- 5.27%
- 5Y*
- 2.40%
- 10Y*
- —
IHYA.L
- 1D
- 0.09%
- 1M
- 0.19%
- YTD
- 1.10%
- 6M
- 1.75%
- 1Y
- 6.94%
- 3Y*
- 8.29%
- 5Y*
- 3.99%
- 10Y*
- —
SDIA.L vs. IHYA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDIA.L iShares USD Short Duration Corporate Bond UCITS ETF (Acc) | 0.79% | 6.17% | 4.99% | 5.64% | -4.49% | -0.70% | 4.50% | 6.12% | 0.82% | 0.92% |
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) | 1.10% | 9.49% | 6.98% | 10.64% | -8.87% | 3.72% | 5.07% | 12.63% | -1.30% | 2.51% |
Correlation
The correlation between SDIA.L and IHYA.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since May 9, 2017 | 0.35 |
The correlation between SDIA.L and IHYA.L shifts across timeframes, from 0.35 (all time) to 0.55 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SDIA.L vs. IHYA.L — Risk / Return Rank
SDIA.L
IHYA.L
SDIA.L vs. IHYA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) and iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.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.
| SDIA.L | IHYA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.38 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 2.45 | +1.72 |
| Martin ratioReturn relative to average drawdown | 16.33 | 12.30 | +4.03 |
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
| SDIA.L | IHYA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.93 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.59 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.56 | +0.22 |
Drawdowns
SDIA.L vs. IHYA.L - Drawdown Comparison
The maximum SDIA.L drawdown since its inception was -12.55%, smaller than the maximum IHYA.L drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for SDIA.L and IHYA.L.
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Drawdown Indicators
| SDIA.L | IHYA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.55% | -22.58% | +10.03% |
Max Drawdown (1Y)Largest decline over 1 year | -1.02% | -2.82% | +1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -1.32% | -4.83% | +3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -7.61% | -13.68% | +6.07% |
Current DrawdownCurrent decline from peak | -0.03% | -0.31% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -1.17% | -2.23% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 0.56% | -0.30% |
Volatility
SDIA.L vs. IHYA.L - Volatility Comparison
The current volatility for iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) is 0.83%, while iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) has a volatility of 1.36%. This indicates that SDIA.L experiences smaller price fluctuations and is considered to be less risky than IHYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDIA.L | IHYA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 1.36% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 2.87% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 3.58% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.62% | 6.81% | -4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.44% | 7.89% | -4.45% |
SDIA.L vs. IHYA.L - Expense Ratio Comparison
SDIA.L has a 0.20% expense ratio, which is lower than IHYA.L's 0.50% expense ratio.
Dividends
SDIA.L vs. IHYA.L - Dividend Comparison
Neither SDIA.L nor IHYA.L has paid dividends to shareholders.
Frequently Asked Questions
SDIA.L and IHYA.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDIA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDIA.L is cheaper with a 0.20% expense ratio, compared with 0.50% for IHYA.L.
SDIA.L is categorized as Corporate Bonds, while IHYA.L is High Yield Bonds. SDIA.L tracks Bloomberg US Corp 1-3 Yr TR USD, while IHYA.L tracks Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.20% for SDIA.L and 0.50% for IHYA.L.
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