FLOT.L vs. SDIA.L
FLOT.L (iShares $ Floating Rate Bond UCITS ETF USD (Dist)) and SDIA.L (iShares USD Short Duration Corporate Bond UCITS ETF (Acc)) are both exchange-traded funds - FLOT.L is a Ultra Short-Term Bonds fund tracking the Bloomberg US Floating Rate Note <5 Years 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 5 years, FLOT.L returned 4.33%/yr vs 2.49%/yr for SDIA.L. At a 0.07 correlation, their price movements are largely independent. FLOT.L charges 0.10%/yr vs 0.20%/yr for SDIA.L.
Performance
FLOT.L vs. SDIA.L - Performance Comparison
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Returns By Period
In the year-to-date period, FLOT.L achieves a 2.38% return, which is significantly higher than SDIA.L's 1.11% return.
FLOT.L
- 1D
- 0.00%
- 1M
- 0.40%
- 6M
- 2.18%
- YTD
- 2.38%
- 1Y
- 4.77%
- 3Y*
- 5.63%
- 5Y*
- 4.33%
- 10Y*
- —
SDIA.L
- 1D
- 0.00%
- 1M
- 0.16%
- 6M
- 1.11%
- YTD
- 1.11%
- 1Y
- 3.90%
- 3Y*
- 5.19%
- 5Y*
- 2.49%
- 10Y*
- —
FLOT.L vs. SDIA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 2.38% | 5.19% | 6.39% | 6.04% | 1.87% | 0.60% | 0.60% | 4.19% | 1.39% | 0.87% |
SDIA.L iShares USD Short Duration Corporate Bond UCITS ETF (Acc) | 1.11% | 6.22% | 4.94% | 5.68% | -4.49% | -0.70% | 4.50% | 6.15% | 0.79% | 0.65% |
Correlation
The correlation between FLOT.L and SDIA.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.07 |
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Return for Risk
FLOT.L vs. SDIA.L — Risk / Return Rank
FLOT.L
SDIA.L
FLOT.L vs. SDIA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.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.
| FLOT.L | SDIA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.38 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 23.83 | 3.54 | +20.29 |
| Martin ratioReturn relative to average drawdown | 44.39 | 13.59 | +30.80 |
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Drawdowns
FLOT.L vs. SDIA.L - Drawdown Comparison
The maximum FLOT.L drawdown since its inception was -14.03%, which is greater than SDIA.L's maximum drawdown of -12.55%. Use the drawdown chart below to compare losses from any high point for FLOT.L and SDIA.L.
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Drawdown Indicators
| FLOT.L | SDIA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.03% | -12.55% | -1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -1.10% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -2.53% | -1.32% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -2.53% | -7.61% | +5.08% |
Current DrawdownCurrent decline from peak | 0.00% | -0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -1.15% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.29% | -0.18% |
Volatility
FLOT.L vs. SDIA.L - Volatility Comparison
The current volatility for iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.L) is 0.61%, while iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) has a volatility of 0.73%. This indicates that FLOT.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.
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Volatility by Period
| FLOT.L | SDIA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.73% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | 1.81% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 2.21% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 2.78% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.92% | 3.50% | +0.42% |
FLOT.L vs. SDIA.L - Expense Ratio Comparison
FLOT.L has a 0.10% expense ratio, which is lower than SDIA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FLOT.L vs. SDIA.L - Dividend Comparison
FLOT.L's dividend yield for the trailing twelve months is around 4.68%, while SDIA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 4.68% | 5.02% | 6.05% | 5.50% | 1.45% | 0.60% | 1.59% | 2.91% | 2.21% | 0.46% |
SDIA.L iShares USD Short Duration Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLOT.L and SDIA.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOT.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOT.L is cheaper with a 0.10% expense ratio, compared with 0.20% for SDIA.L.
FLOT.L is categorized as Ultra Short-Term Bonds, while SDIA.L is Corporate Bonds. FLOT.L tracks Bloomberg US Floating Rate Note <5 Years Index, while SDIA.L tracks Bloomberg US Corp 1-3 Yr TR USD. Their fees differ too: 0.10% for FLOT.L and 0.20% for SDIA.L.
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