EMAG.L vs. SDIA.L
EMAG.L (L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc)) and SDIA.L (iShares USD Short Duration Corporate Bond UCITS ETF (Acc)) are both exchange-traded funds - EMAG.L is a Emerging Markets Bonds fund tracking the J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index, while SDIA.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 3 years, EMAG.L returned 5.31%/yr vs 4.09%/yr for SDIA.L. A 0.67 correlation means they provide meaningful diversification when combined. EMAG.L charges 0.35%/yr vs 0.20%/yr for SDIA.L.
Performance
EMAG.L vs. SDIA.L - Performance Comparison
Loading charts...
Different Trading Currencies
EMAG.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, EMAG.L achieves a 0.97% return, which is significantly lower than SDIA.L's 1.25% return.
EMAG.L
- 1D
- -0.65%
- 1M
- -0.94%
- 6M
- 0.08%
- YTD
- 0.97%
- 1Y
- 4.65%
- 3Y*
- 5.31%
- 5Y*
- —
- 10Y*
- —
SDIA.L
- 1D
- 0.17%
- 1M
- -1.07%
- 6M
- 0.52%
- YTD
- 1.25%
- 1Y
- 3.62%
- 3Y*
- 4.09%
- 5Y*
- 2.96%
- 10Y*
- —
EMAG.L vs. SDIA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMAG.L L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc) | 0.97% | 0.75% | 7.46% | 0.98% | -0.82% | 1.27% |
SDIA.L iShares USD Short Duration Corporate Bond UCITS ETF (Acc) | 1.25% | -1.35% | 6.77% | 0.39% | 6.87% | 0.84% |
Correlation
The correlation between EMAG.L and SDIA.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2021 | 0.67 |
The correlation between EMAG.L and SDIA.L has been stable across timeframes, ranging from 0.66 to 0.67 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMAG.L vs. SDIA.L — Risk / Return Rank
EMAG.L
SDIA.L
EMAG.L vs. SDIA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc) (EMAG.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.
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.
| EMAG.L | SDIA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.10 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 0.71 | +0.43 |
| Martin ratioReturn relative to average drawdown | 2.81 | 2.00 | +0.81 |
Loading charts...
Drawdowns
EMAG.L vs. SDIA.L - Drawdown Comparison
The maximum EMAG.L drawdown since its inception was -11.32%, smaller than the maximum SDIA.L drawdown of -15.35%. Use the drawdown chart below to compare losses from any high point for EMAG.L and SDIA.L.
Loading charts...
Drawdown Indicators
| EMAG.L | SDIA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.32% | -15.35% | +4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -5.08% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -8.81% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.35% | — |
Current DrawdownCurrent decline from peak | -2.56% | -3.85% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -6.22% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.80% | -0.09% |
Volatility
EMAG.L vs. SDIA.L - Volatility Comparison
L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc) (EMAG.L) has a higher volatility of 1.96% compared to iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) at 1.85%. This indicates that EMAG.L's price experiences larger fluctuations and is considered to be riskier than SDIA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMAG.L | SDIA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.85% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 5.25% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 6.62% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.85% | 8.18% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 8.41% | -0.56% |
EMAG.L vs. SDIA.L - Expense Ratio Comparison
EMAG.L has a 0.35% expense ratio, which is higher than SDIA.L's 0.20% expense ratio.
Dividends
EMAG.L vs. SDIA.L - Dividend Comparison
Neither EMAG.L nor SDIA.L has paid dividends to shareholders.
Frequently Asked Questions
EMAG.L and SDIA.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDIA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDIA.L is cheaper with a 0.20% expense ratio, compared with 0.35% for EMAG.L.
EMAG.L is categorized as Emerging Markets Bonds, while SDIA.L is Corporate Bonds. EMAG.L tracks J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index, while SDIA.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: L&G and iShares. Their fees differ too: 0.35% for EMAG.L and 0.20% for SDIA.L.
Find the right allocation for EMAG.L and SDIA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer