FLUC.L vs. SDIA.L
FLUC.L (Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist)) and SDIA.L (iShares USD Short Duration Corporate Bond UCITS ETF (Acc)) are both Corporate Bonds funds - FLUC.L tracks the Bloomberg US Corporate - Investment Grade Index while SDIA.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, FLUC.L returned -0.29%/yr vs 2.49%/yr for SDIA.L. A 0.58 correlation means they provide meaningful diversification when combined. FLUC.L charges 0.35%/yr vs 0.20%/yr for SDIA.L.
Performance
FLUC.L vs. SDIA.L - Performance Comparison
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Returns By Period
In the year-to-date period, FLUC.L achieves a -0.38% return, which is significantly lower than SDIA.L's 1.11% return.
FLUC.L
- 1D
- 0.08%
- 1M
- -0.38%
- 6M
- -0.09%
- YTD
- -0.38%
- 1Y
- 4.18%
- 3Y*
- 4.44%
- 5Y*
- -0.29%
- 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*
- —
FLUC.L vs. SDIA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) | -0.38% | 7.46% | 2.08% | 7.77% | -15.53% | -2.24% | 9.76% | 14.52% | 0.68% |
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% | 1.39% |
Correlation
The correlation between FLUC.L and SDIA.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2018 | 0.58 |
The correlation between FLUC.L and SDIA.L has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.
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Return for Risk
FLUC.L vs. SDIA.L — Risk / Return Rank
FLUC.L
SDIA.L
FLUC.L vs. SDIA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) (FLUC.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.
| FLUC.L | SDIA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.38 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 3.54 | -1.94 |
| Martin ratioReturn relative to average drawdown | 4.39 | 13.59 | -9.20 |
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Drawdowns
FLUC.L vs. SDIA.L - Drawdown Comparison
The maximum FLUC.L drawdown since its inception was -22.30%, 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 FLUC.L and SDIA.L.
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Drawdown Indicators
| FLUC.L | SDIA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.30% | -12.55% | -9.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -1.10% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -6.03% | -1.32% | -4.71% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -7.61% | -14.51% |
Current DrawdownCurrent decline from peak | -2.74% | -0.00% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -1.15% | -5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.29% | +0.66% |
Volatility
FLUC.L vs. SDIA.L - Volatility Comparison
Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) (FLUC.L) has a higher volatility of 1.37% compared to iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) at 0.73%. This indicates that FLUC.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.
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Volatility by Period
| FLUC.L | SDIA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 0.73% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.75% | 1.81% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.93% | 2.21% | +2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.76% | 2.78% | +3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.08% | 3.50% | +3.58% |
FLUC.L vs. SDIA.L - Expense Ratio Comparison
FLUC.L has a 0.35% expense ratio, which is higher than SDIA.L's 0.20% expense ratio.
Dividends
FLUC.L vs. SDIA.L - Dividend Comparison
FLUC.L's dividend yield for the trailing twelve months is around 4.22%, while SDIA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) | 4.22% | 4.01% | 4.26% | 3.38% | 2.76% | 2.17% | 2.29% | 3.37% | 1.61% |
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% |
Frequently Asked Questions
FLUC.L and SDIA.L have a correlation of 0.56, 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 FLUC.L.
FLUC.L tracks Bloomberg US Corporate - Investment Grade Index, while SDIA.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: Franklin and iShares. Their fees differ too: 0.35% for FLUC.L and 0.20% for SDIA.L.
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