FRUC.L vs. IGSD.L
FRUC.L (Franklin USD Investment Grade Corporate Bond UCITS ETF) and IGSD.L (iShares USD Short Duration Corporate Bond UCITS ETF (Dist)) are both Corporate Bonds funds - FRUC.L tracks the Bloomberg US Corp Bond TR USD while IGSD.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, FRUC.L returned 1.25%/yr vs 4.01%/yr for IGSD.L. Their correlation of 0.84 suggests significant overlap in exposure. FRUC.L charges 0.35%/yr vs 0.20%/yr for IGSD.L.
Performance
FRUC.L vs. IGSD.L - Performance Comparison
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Returns By Period
In the year-to-date period, FRUC.L achieves a 0.15% return, which is significantly lower than IGSD.L's 1.02% return.
FRUC.L
- 1D
- 0.17%
- 1M
- 1.65%
- YTD
- 0.15%
- 6M
- -0.05%
- 1Y
- 6.26%
- 3Y*
- 2.25%
- 5Y*
- 1.25%
- 10Y*
- —
IGSD.L
- 1D
- 0.21%
- 1M
- 1.09%
- YTD
- 1.02%
- 6M
- 0.77%
- 1Y
- 5.80%
- 3Y*
- 3.32%
- 5Y*
- 4.01%
- 10Y*
- 3.88%
FRUC.L vs. IGSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FRUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF | 0.15% | 0.24% | 3.75% | 1.75% | -5.43% | -1.01% | 6.06% | 10.92% | 2.86% |
IGSD.L iShares USD Short Duration Corporate Bond UCITS ETF (Dist) | 1.02% | -0.44% | 7.51% | 0.40% | 7.27% | 0.80% | 1.22% | 3.52% | 4.09% |
Correlation
The correlation between FRUC.L and IGSD.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2018 | 0.84 |
The correlation between FRUC.L and IGSD.L has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
FRUC.L vs. IGSD.L — Risk / Return Rank
FRUC.L
IGSD.L
FRUC.L vs. IGSD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin USD Investment Grade Corporate Bond UCITS ETF (FRUC.L) and iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.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.
| FRUC.L | IGSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.35 | -0.01 |
| Martin ratioReturn relative to average drawdown | 3.21 | 3.70 | -0.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FRUC.L | IGSD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.95 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.51 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.50 | -0.26 |
Drawdowns
FRUC.L vs. IGSD.L - Drawdown Comparison
The maximum FRUC.L drawdown since its inception was -17.34%, which is greater than IGSD.L's maximum drawdown of -14.83%. Use the drawdown chart below to compare losses from any high point for FRUC.L and IGSD.L.
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Drawdown Indicators
| FRUC.L | IGSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.34% | -14.83% | -2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -4.65% | -4.15% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -8.76% | -8.18% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -13.26% | -14.83% | +1.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.83% | — |
Current DrawdownCurrent decline from peak | -7.39% | -2.28% | -5.11% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -5.17% | -3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.52% | +0.43% |
Volatility
FRUC.L vs. IGSD.L - Volatility Comparison
Franklin USD Investment Grade Corporate Bond UCITS ETF (FRUC.L) and iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.L) have volatilities of 1.66% and 1.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRUC.L | IGSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 1.60% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 4.32% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.20% | 5.91% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.60% | 7.82% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.61% | 9.13% | +0.48% |
FRUC.L vs. IGSD.L - Expense Ratio Comparison
FRUC.L has a 0.35% expense ratio, which is higher than IGSD.L's 0.20% expense ratio.
Dividends
FRUC.L vs. IGSD.L - Dividend Comparison
FRUC.L's dividend yield for the trailing twelve months is around 4.01%, less than IGSD.L's 5.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF | 4.01% | 4.02% | 4.19% | 3.44% | 2.71% | 2.13% | 2.42% | 3.45% | 1.64% | 0.00% | 0.00% | 0.00% |
IGSD.L iShares USD Short Duration Corporate Bond UCITS ETF (Dist) | 5.06% | 5.08% | 4.67% | 3.69% | 2.12% | 1.71% | 2.51% | 3.32% | 2.94% | 2.50% | 2.16% | 2.11% |
Frequently Asked Questions
FRUC.L and IGSD.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGSD.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGSD.L is cheaper with a 0.20% expense ratio, compared with 0.35% for FRUC.L.
FRUC.L tracks Bloomberg US Corp Bond TR USD, while IGSD.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: Franklin Templeton and BlackRock. Their fees differ too: 0.35% for FRUC.L and 0.20% for IGSD.L.
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