UDHY.DE vs. BTC-USD
UDHY.DE (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) is High Yield Bonds fund tracking the ICE BofAML US High Yield Constrained, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 3 years, UDHY.DE returned 5.72%/yr vs 24.67%/yr for BTC-USD. At a 0.11 correlation, their price movements are largely independent.
Performance
UDHY.DE vs. BTC-USD - Performance Comparison
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Different Trading Currencies
UDHY.DE is traded in EUR, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, UDHY.DE achieves a 1.13% return, which is significantly higher than BTC-USD's -26.42% return.
UDHY.DE
- 1D
- 0.00%
- 1M
- 2.04%
- 6M
- 0.92%
- YTD
- 1.13%
- 1Y
- 4.75%
- 3Y*
- 5.72%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 1.93%
- 1M
- -0.74%
- 6M
- -28.59%
- YTD
- -26.42%
- 1Y
- -41.23%
- 3Y*
- 24.67%
- 5Y*
- 13.98%
- 10Y*
- 56.93%
UDHY.DE vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 1.13% | -3.31% | 14.00% | 9.01% | -3.77% |
BTC-USD Bitcoin | -26.42% | -17.40% | 136.59% | 145.80% | -61.17% |
Correlation
The correlation between UDHY.DE and BTC-USD is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022 | 0.11 |
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Return for Risk
UDHY.DE vs. BTC-USD — Risk / Return Rank
UDHY.DE
BTC-USD
UDHY.DE vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) and Bitcoin (BTC-USD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UDHY.DE | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.85 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | -0.79 | +1.06 |
| Martin ratioReturn relative to average drawdown | 0.38 | -1.31 | +1.70 |
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Drawdowns
UDHY.DE vs. BTC-USD - Drawdown Comparison
The maximum UDHY.DE drawdown since its inception was -18.01%, smaller than the maximum BTC-USD drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for UDHY.DE and BTC-USD.
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Drawdown Indicators
| UDHY.DE | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -83.05% | +65.04% |
Max Drawdown (1Y)Largest decline over 1 year | -18.01% | -51.88% | +33.87% |
Max Drawdown (3Y)Largest decline over 3 years | -18.01% | -51.88% | +33.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.60% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.51% | — |
Current DrawdownCurrent decline from peak | -13.03% | -48.53% | +35.50% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -40.15% | +34.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.42% | 32.80% | -20.38% |
Volatility
UDHY.DE vs. BTC-USD - Volatility Comparison
The current volatility for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) is 1.53%, while Bitcoin (BTC-USD) has a volatility of 10.12%. This indicates that UDHY.DE experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UDHY.DE | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 10.12% | -8.59% |
Volatility (6M)Calculated over the trailing 6-month period | 4.85% | 34.97% | -30.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.23% | 35.39% | -13.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.04% | 44.06% | -31.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.04% | 55.51% | -42.47% |
Frequently Asked Questions
UDHY.DE and BTC-USD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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