CBS5.L vs. SDIA.L

Last updated Jun 5, 2026

CBS5.L (UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc) and SDIA.L (iShares USD Short Duration Corporate Bond UCITS ETF (Acc)) are both Corporate Bonds funds - CBS5.L tracks the Bloomberg US Corp Bond TR USD while SDIA.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 2.63%/yr for SDIA.L. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

CBS5.L vs. SDIA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in 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 (Acc) (SDIA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CBS5.L is traded in GBp, while SDIA.L is traded in USD. To make them comparable, the SDIA.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 SDIA.L's 1.20% return.

CBS5.L

• 1D: 0.08%
• 1M: 1.07%
• YTD: 0.50%
• 6M: 0.10%
• 1Y: 5.17%
• 3Y*: 2.47%
• 5Y*: —
• 10Y*: —

SDIA.L

• 1D: 0.11%
• 1M: 1.31%
• YTD: 1.20%
• 6M: 0.54%
• 1Y: 5.28%
• 3Y*: 2.63%
• 5Y*: 3.51%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CBS5.L vs. SDIA.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%
SDIA.L iShares USD Short Duration Corporate Bond UCITS ETF (Acc)	1.20%	-1.40%	6.83%	0.36%	2.61%

Correlation

The correlation between CBS5.L and SDIA.L is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022	0.72

The correlation between CBS5.L and SDIA.L has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.

Return for Risk

CBS5.L vs. SDIA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CBS5.L

CBS5.L Risk / Return Rank: 25
CBS5.L Sharpe Ratio Rank: 25
CBS5.L Sortino Ratio Rank: 26
CBS5.L Omega Ratio Rank: 24
CBS5.L Calmar Ratio Rank: 26
CBS5.L Martin Ratio Rank: 24

SDIA.L

SDIA.L Risk / Return Rank: 79
SDIA.L Sharpe Ratio Rank: 73
SDIA.L Sortino Ratio Rank: 80
SDIA.L Omega Ratio Rank: 77
SDIA.L Calmar Ratio Rank: 81
SDIA.L Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CBS5.L vs. SDIA.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 (Acc) (SDIA.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	SDIA.L	Difference
Sharpe ratio: Return per unit of total volatility	0.88	0.82	+0.07
Sortino ratio: Return per unit of downside risk	1.36	1.21	+0.15
Omega ratio: Gain probability vs. loss probability	1.16	1.15	+0.01
Calmar ratio: Return relative to maximum drawdown	1.18	1.07	+0.12
Martin ratio: Return relative to average drawdown	3.05	3.05	+0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CBS5.L vs. SDIA.L - Sharpe Ratio Comparison

The current CBS5.L Sharpe Ratio is 0.88, which is comparable to the SDIA.L Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of CBS5.L and SDIA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CBS5.L	SDIA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	0.82	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.27	0.00

Drawdowns

CBS5.L vs. SDIA.L - Drawdown Comparison

The maximum CBS5.L drawdown since its inception was -14.59%, smaller than the maximum SDIA.L drawdown of -15.38%. Use the drawdown chart below to compare losses from any high point for CBS5.L and SDIA.L.

Drawdown Indicators

	CBS5.L	SDIA.L	Difference
Max Drawdown Largest peak-to-trough decline	-14.59%	-15.38%	+0.79%
Max Drawdown (1Y) Largest decline over 1 year	-4.35%	-4.94%	+0.59%
Max Drawdown (3Y) Largest decline over 3 years	-8.03%	-8.72%	+0.69%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.38%	—
Current Drawdown Current decline from peak	-3.08%	-3.93%	+0.85%
Average Drawdown Average peak-to-trough decline	-6.29%	-6.25%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	1.73%	-0.04%

Volatility

CBS5.L vs. SDIA.L - Volatility Comparison

The current volatility for UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc (CBS5.L) is 1.56%, while iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) has a volatility of 1.79%. This indicates that CBS5.L experiences smaller price fluctuations and is considered to be less risky than SDIA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBS5.L	SDIA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.56%	1.79%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	4.28%	5.02%	-0.74%
Volatility (1Y) Calculated over the trailing 1-year period	5.82%	6.45%	-0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.94%	8.14%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.94%	8.42%	-0.48%

CBS5.L vs. SDIA.L - Expense Ratio Comparison

Both CBS5.L and SDIA.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. SDIA.L - Dividend Comparison

Neither CBS5.L nor SDIA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CBS5.L and SDIA.L in my portfolio?

CBS5.L and SDIA.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CBS5.L or SDIA.L?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CBS5.L or SDIA.L?

CBS5.L and SDIA.L have the same expense ratio: 0.20% per year.

What is the main difference between CBS5.L and SDIA.L?

CBS5.L tracks Bloomberg US Corp Bond TR USD, while SDIA.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: UBS and iShares.