XUHY.L vs. SDHY.L
XUHY.L (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) and SDHY.L ( iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist) are both High Yield Bonds funds - XUHY.L tracks the Bloomberg US Corporate High Yield TR USD while SDHY.L tracks the Markit iBoxx USD Liquid High Yield 0-5 Capped Index. Both are passively managed. Over the past 5 years, XUHY.L returned 3.95%/yr vs 4.61%/yr for SDHY.L. A 0.75 correlation means they provide meaningful diversification when combined. XUHY.L charges 0.20%/yr vs 0.45%/yr for SDHY.L.
Performance
XUHY.L vs. SDHY.L - Performance Comparison
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Returns By Period
In the year-to-date period, XUHY.L achieves a 1.63% return, which is significantly higher than SDHY.L's 1.43% return.
XUHY.L
- 1D
- 0.08%
- 1M
- 0.28%
- YTD
- 1.63%
- 6M
- 2.42%
- 1Y
- 7.61%
- 3Y*
- 8.86%
- 5Y*
- 3.95%
- 10Y*
- —
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%
XUHY.L vs. SDHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XUHY.L Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 1.63% | 9.20% | 7.08% | 13.52% | -11.96% | 3.50% | 5.99% | 15.61% | -0.01% |
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% | 0.98% |
Correlation
The correlation between XUHY.L and SDHY.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.75 |
The correlation between XUHY.L and SDHY.L shifts across timeframes, from 0.57 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XUHY.L vs. SDHY.L — Risk / Return Rank
XUHY.L
SDHY.L
XUHY.L vs. SDHY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.L) and iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.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.
| XUHY.L | SDHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.39 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 3.91 | -1.11 |
| Martin ratioReturn relative to average drawdown | 12.55 | 17.14 | -4.59 |
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
| XUHY.L | SDHY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 2.09 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.84 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.69 | -0.10 |
Drawdowns
XUHY.L vs. SDHY.L - Drawdown Comparison
The maximum XUHY.L drawdown since its inception was -22.78%, which is greater than SDHY.L's maximum drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for XUHY.L and SDHY.L.
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Drawdown Indicators
| XUHY.L | SDHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.78% | -18.94% | -3.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -1.83% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -4.78% | -4.51% | -0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -16.60% | -8.41% | -8.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.94% | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.19% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -2.93% | -1.28% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.42% | +0.16% |
Volatility
XUHY.L vs. SDHY.L - Volatility Comparison
Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.L) has a higher volatility of 1.45% compared to iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.L) at 1.16%. This indicates that XUHY.L's price experiences larger fluctuations and is considered to be riskier than SDHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUHY.L | SDHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.16% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 2.69% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 3.43% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 5.46% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.62% | 6.33% | +2.29% |
XUHY.L vs. SDHY.L - Expense Ratio Comparison
XUHY.L has a 0.20% expense ratio, which is lower than SDHY.L's 0.45% expense ratio.
Dividends
XUHY.L vs. SDHY.L - Dividend Comparison
XUHY.L's dividend yield for the trailing twelve months is around 6.64%, less than SDHY.L's 8.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XUHY.L Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 6.64% | 6.29% | 7.64% | 5.89% | 6.12% | 9.57% | 5.49% | 4.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XUHY.L and SDHY.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUHY.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUHY.L is cheaper with a 0.20% expense ratio, compared with 0.45% for SDHY.L.
XUHY.L tracks Bloomberg US Corporate High Yield TR USD, while SDHY.L tracks Markit iBoxx USD Liquid High Yield 0-5 Capped Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XUHY.L and 0.45% for SDHY.L.
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