CBS5.L vs. IGSD.L
CBS5.L (UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc) and IGSD.L (iShares USD Short Duration Corporate Bond UCITS ETF (Dist)) are both Corporate Bonds funds - CBS5.L tracks the Bloomberg US Corp Bond TR USD while IGSD.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 3 years, CBS5.L returned 2.47%/yr vs 3.32%/yr for IGSD.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
CBS5.L vs. IGSD.L - Performance Comparison
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Different Trading Currencies
CBS5.L is traded in GBp, while IGSD.L is traded in GBP. To make them comparable, the IGSD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CBS5.L achieves a 0.50% return, which is significantly lower than IGSD.L's 1.02% return.
CBS5.L
- 1D
- 0.08%
- 1M
- 1.07%
- YTD
- 0.50%
- 6M
- 0.10%
- 1Y
- 5.17%
- 3Y*
- 2.47%
- 5Y*
- —
- 10Y*
- —
IGSD.L
- 1D
- 0.21%
- 1M
- 1.09%
- YTD
- 1.02%
- 6M
- 0.77%
- 1Y
- 5.80%
- 3Y*
- 3.32%
- 5Y*
- 4.01%
- 10Y*
- 3.88%
CBS5.L vs. IGSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBS5.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc | 0.50% | -0.23% | 6.03% | 0.27% | 2.22% |
IGSD.L iShares USD Short Duration Corporate Bond UCITS ETF (Dist) | 1.02% | -0.44% | 7.51% | 0.40% | 3.25% |
Correlation
The correlation between CBS5.L and IGSD.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022 | 0.92 |
The correlation between CBS5.L and IGSD.L has been stable across timeframes, ranging from 0.92 to 0.98 - a consistent structural relationship.
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Return for Risk
CBS5.L vs. IGSD.L — Risk / Return Rank
CBS5.L
IGSD.L
CBS5.L vs. IGSD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc (CBS5.L) and iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.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.
| CBS5.L | IGSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.17 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.35 | -0.17 |
| Martin ratioReturn relative to average drawdown | 3.05 | 3.70 | -0.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CBS5.L | IGSD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.95 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.50 | -0.24 |
Drawdowns
CBS5.L vs. IGSD.L - Drawdown Comparison
The maximum CBS5.L drawdown since its inception was -14.59%, roughly equal to the maximum IGSD.L drawdown of -14.83%. Use the drawdown chart below to compare losses from any high point for CBS5.L and IGSD.L.
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Drawdown Indicators
| CBS5.L | IGSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.59% | -14.83% | +0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -4.35% | -4.15% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -8.18% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.83% | — |
Current DrawdownCurrent decline from peak | -3.08% | -2.28% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -5.17% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.52% | +0.17% |
Volatility
CBS5.L vs. IGSD.L - Volatility Comparison
UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc (CBS5.L) and iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.L) have volatilities of 1.56% and 1.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBS5.L | IGSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.60% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 4.32% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 5.91% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.94% | 7.82% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.94% | 9.13% | -1.19% |
CBS5.L vs. IGSD.L - Expense Ratio Comparison
Both CBS5.L and IGSD.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CBS5.L vs. IGSD.L - Dividend Comparison
CBS5.L has not paid dividends to shareholders, while IGSD.L's dividend yield for the trailing twelve months is around 5.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBS5.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-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% |
IGSD.L iShares USD Short Duration Corporate Bond UCITS ETF (Dist) | 5.06% | 5.08% | 4.67% | 3.69% | 2.12% | 1.71% | 2.51% | 3.32% | 2.94% | 2.50% | 2.16% | 2.11% |
Frequently Asked Questions
With a correlation of 0.98, CBS5.L and IGSD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CBS5.L and IGSD.L have the same expense ratio: 0.20% per year.
CBS5.L tracks Bloomberg US Corp Bond TR USD, while IGSD.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: UBS and BlackRock.
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