EMCR.L vs. SDIG.L
EMCR.L (iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist)) and SDIG.L (iShares $ Short Duration Corp Bond UCITS ETF USD (Dist)) are both exchange-traded funds - EMCR.L is a Emerging Markets Bonds fund tracking the J.P. Morgan CEMBI Broad Diversified Core Index, while SDIG.L is a Short-Term Bond fund tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index. Both are passively managed. Over the past 10 years, EMCR.L returned 3.51%/yr vs 2.50%/yr for SDIG.L. At a 0.41 correlation, their price movements are largely independent. EMCR.L charges 0.50%/yr vs 0.20%/yr for SDIG.L.
Performance
EMCR.L vs. SDIG.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMCR.L achieves a 1.77% return, which is significantly higher than SDIG.L's 0.98% return. Over the past 10 years, EMCR.L has outperformed SDIG.L with an annualized return of 3.51%, while SDIG.L has yielded a comparatively lower 2.50% annualized return.
EMCR.L
- 1D
- 0.26%
- 1M
- 0.19%
- 6M
- 1.48%
- YTD
- 1.77%
- 1Y
- 6.02%
- 3Y*
- 6.91%
- 5Y*
- 1.97%
- 10Y*
- 3.51%
SDIG.L
- 1D
- -0.03%
- 1M
- 0.16%
- 6M
- 1.03%
- YTD
- 0.98%
- 1Y
- 3.82%
- 3Y*
- 5.14%
- 5Y*
- 2.45%
- 10Y*
- 2.50%
EMCR.L vs. SDIG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMCR.L iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 1.77% | 8.43% | 6.66% | 7.85% | -12.39% | -0.65% | 7.22% | 13.82% | -2.71% | 7.74% |
SDIG.L iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) | 0.98% | 6.12% | 4.93% | 5.83% | -4.83% | -0.48% | 4.51% | 6.18% | 0.83% | 2.13% |
Correlation
The correlation between EMCR.L and SDIG.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | 0.41 |
The correlation between EMCR.L and SDIG.L shifts across timeframes, from 0.41 (all time) to 0.55 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMCR.L vs. SDIG.L — Risk / Return Rank
EMCR.L
SDIG.L
EMCR.L vs. SDIG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (EMCR.L) and iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) (SDIG.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.
| EMCR.L | SDIG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.38 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 3.25 | -1.05 |
| Martin ratioReturn relative to average drawdown | 9.44 | 13.59 | -4.15 |
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Drawdowns
EMCR.L vs. SDIG.L - Drawdown Comparison
The maximum EMCR.L drawdown since its inception was -22.67%, which is greater than SDIG.L's maximum drawdown of -11.39%. Use the drawdown chart below to compare losses from any high point for EMCR.L and SDIG.L.
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Drawdown Indicators
| EMCR.L | SDIG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.67% | -11.39% | -11.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -1.17% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -1.18% | -2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -7.59% | -12.61% |
Max Drawdown (10Y)Largest decline over 10 years | -22.67% | -11.39% | -11.28% |
Current DrawdownCurrent decline from peak | -0.18% | -0.17% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -0.93% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.28% | +0.36% |
Volatility
EMCR.L vs. SDIG.L - Volatility Comparison
iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (EMCR.L) has a higher volatility of 1.01% compared to iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) (SDIG.L) at 0.61%. This indicates that EMCR.L's price experiences larger fluctuations and is considered to be riskier than SDIG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMCR.L | SDIG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 0.61% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 1.55% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 1.94% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 2.66% | +2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 3.75% | +3.75% |
EMCR.L vs. SDIG.L - Expense Ratio Comparison
EMCR.L has a 0.50% expense ratio, which is higher than SDIG.L's 0.20% expense ratio.
Dividends
EMCR.L vs. SDIG.L - Dividend Comparison
EMCR.L's dividend yield for the trailing twelve months is around 5.59%, more than SDIG.L's 4.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMCR.L iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 5.59% | 5.56% | 5.44% | 5.04% | 4.28% | 3.62% | 3.93% | 4.58% | 4.70% | 4.35% | 4.61% | 5.13% |
SDIG.L iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) | 4.40% | 4.32% | 4.03% | 3.11% | 1.85% | 1.49% | 2.12% | 2.63% | 2.29% | 1.84% | 1.75% | 1.43% |
Frequently Asked Questions
EMCR.L and SDIG.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDIG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDIG.L is cheaper with a 0.20% expense ratio, compared with 0.50% for EMCR.L.
EMCR.L is categorized as Emerging Markets Bonds, while SDIG.L is Short-Term Bond. EMCR.L tracks J.P. Morgan CEMBI Broad Diversified Core Index, while SDIG.L tracks Markit iBoxx USD Liquid Investment Grade 0-5 Index. Their fees differ too: 0.50% for EMCR.L and 0.20% for SDIG.L.
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