UDHY.DE vs. IS0R.DE
UDHY.DE (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) and IS0R.DE (iShares USD High Yield Corporate Bond UCITS ETF USD (Dist)) are both High Yield Bonds funds from iShares - UDHY.DE tracks the ICE BofAML US High Yield Constrained while IS0R.DE tracks the iBoxx® USD Liquid High Yield Capped. Both are passively managed. Over the past 3 years, UDHY.DE returned 3.98%/yr vs 5.34%/yr for IS0R.DE. Their correlation of 0.89 suggests significant overlap in exposure. UDHY.DE charges 0.20%/yr vs 0.50%/yr for IS0R.DE.
Performance
UDHY.DE vs. IS0R.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UDHY.DE achieves a -1.14% return, which is significantly lower than IS0R.DE's 2.44% return.
UDHY.DE
- 1D
- 0.01%
- 1M
- 1.21%
- YTD
- -1.14%
- 6M
- -1.88%
- 1Y
- 0.71%
- 3Y*
- 3.98%
- 5Y*
- —
- 10Y*
- —
IS0R.DE
- 1D
- 0.10%
- 1M
- 1.18%
- YTD
- 2.44%
- 6M
- 2.00%
- 1Y
- 5.26%
- 3Y*
- 5.34%
- 5Y*
- 4.94%
- 10Y*
- 4.79%
UDHY.DE vs. IS0R.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | -1.14% | -3.92% | 13.24% | 8.32% | -4.04% |
IS0R.DE iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) | 2.44% | -2.53% | 12.70% | 6.99% | -1.58% |
Correlation
The correlation between UDHY.DE and IS0R.DE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022 | 0.89 |
The correlation between UDHY.DE and IS0R.DE has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
UDHY.DE vs. IS0R.DE — Risk / Return Rank
UDHY.DE
IS0R.DE
UDHY.DE vs. IS0R.DE - 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 iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) (IS0R.DE). 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.
| UDHY.DE | IS0R.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.17 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 1.65 | -1.57 |
| Martin ratioReturn relative to average drawdown | 0.19 | 5.16 | -4.97 |
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
| UDHY.DE | IS0R.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 0.92 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.49 | -0.16 |
Drawdowns
UDHY.DE vs. IS0R.DE - Drawdown Comparison
The maximum UDHY.DE drawdown since its inception was -12.23%, smaller than the maximum IS0R.DE drawdown of -22.05%. Use the drawdown chart below to compare losses from any high point for UDHY.DE and IS0R.DE.
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Drawdown Indicators
| UDHY.DE | IS0R.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -22.05% | +9.82% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -3.11% | -3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -12.23% | -11.44% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.05% | — |
Current DrawdownCurrent decline from peak | -7.76% | -3.26% | -4.50% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -4.74% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 1.00% | +1.67% |
Volatility
UDHY.DE vs. IS0R.DE - Volatility Comparison
iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) has a higher volatility of 0.99% compared to iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) (IS0R.DE) at 0.84%. This indicates that UDHY.DE's price experiences larger fluctuations and is considered to be riskier than IS0R.DE 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 | IS0R.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 0.84% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.73% | 3.65% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.32% | 5.59% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 7.66% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.04% | 8.84% | -0.80% |
UDHY.DE vs. IS0R.DE - Expense Ratio Comparison
UDHY.DE has a 0.20% expense ratio, which is lower than IS0R.DE's 0.50% expense ratio.
Dividends
UDHY.DE vs. IS0R.DE - Dividend Comparison
UDHY.DE's dividend yield for the trailing twelve months is around 4.67%, less than IS0R.DE's 6.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0R.DE iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) | 6.21% | 6.34% | 6.27% | 5.74% | 4.94% | 4.18% | 5.22% | 5.46% | 5.65% | 5.88% | 5.32% | 6.00% |
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 4.67% | 7.37% | 6.63% | 5.74% | 1.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UDHY.DE and IS0R.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UDHY.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UDHY.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for IS0R.DE.
UDHY.DE tracks ICE BofAML US High Yield Constrained, while IS0R.DE tracks iBoxx® USD Liquid High Yield Capped. Their fees differ too: 0.20% for UDHY.DE and 0.50% for IS0R.DE.
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