HLQD.L vs. SDIG.L
HLQD.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF) and SDIG.L (iShares $ Short Duration Corp Bond UCITS ETF USD (Dist)) are both Global Bonds funds from iShares - HLQD.L tracks the iShares $ Corp Bond Interest Rate Hedged UCITS ETF while SDIG.L tracks the iShares $ Short Duration Corp Bond UCITS ETF USD (Dist). Both are passively managed. Over the past 5 years, HLQD.L returned 5.42%/yr vs 2.46%/yr for SDIG.L. At a 0.14 correlation, their price movements are largely independent. HLQD.L charges 0.25%/yr vs 0.20%/yr for SDIG.L.
Performance
HLQD.L vs. SDIG.L - Performance Comparison
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Returns By Period
In the year-to-date period, HLQD.L achieves a 2.31% return, which is significantly higher than SDIG.L's 1.03% return.
HLQD.L
- 1D
- 0.21%
- 1M
- -0.07%
- 6M
- 2.17%
- YTD
- 2.31%
- 1Y
- 5.11%
- 3Y*
- 7.50%
- 5Y*
- 5.42%
- 10Y*
- —
SDIG.L
- 1D
- -0.03%
- 1M
- 0.12%
- 6M
- 0.97%
- YTD
- 1.03%
- 1Y
- 4.01%
- 3Y*
- 5.23%
- 5Y*
- 2.46%
- 10Y*
- 2.51%
HLQD.L vs. SDIG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HLQD.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF | 2.31% | 5.47% | 8.15% | 11.14% | 0.41% | 1.25% | 0.54% | 10.77% | -0.71% |
SDIG.L iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) | 1.03% | 6.12% | 4.93% | 5.83% | -4.83% | -0.48% | 4.51% | 6.18% | 1.29% |
Correlation
The correlation between HLQD.L and SDIG.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2018 | 0.14 |
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Return for Risk
HLQD.L vs. SDIG.L — Risk / Return Rank
HLQD.L
SDIG.L
HLQD.L vs. SDIG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond Interest Rate Hedged UCITS ETF (HLQD.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.
| HLQD.L | SDIG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.40 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 3.35 | +0.21 |
| Martin ratioReturn relative to average drawdown | 11.38 | 14.02 | -2.63 |
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Drawdowns
HLQD.L vs. SDIG.L - Drawdown Comparison
The maximum HLQD.L drawdown since its inception was -21.96%, 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 HLQD.L and SDIG.L.
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Drawdown Indicators
| HLQD.L | SDIG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.96% | -11.39% | -10.57% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -1.17% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.08% | -1.18% | -1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -6.39% | -7.59% | +1.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.39% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.12% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -1.33% | -0.93% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.28% | +0.15% |
Volatility
HLQD.L vs. SDIG.L - Volatility Comparison
iShares $ Corp Bond Interest Rate Hedged UCITS ETF (HLQD.L) has a higher volatility of 0.83% compared to iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) (SDIG.L) at 0.60%. This indicates that HLQD.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
| HLQD.L | SDIG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.60% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 1.55% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 1.94% | +1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.36% | 2.66% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.09% | 3.75% | +2.34% |
HLQD.L vs. SDIG.L - Expense Ratio Comparison
HLQD.L has a 0.25% expense ratio, which is higher than SDIG.L's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HLQD.L vs. SDIG.L - Dividend Comparison
HLQD.L has not paid dividends to shareholders, while SDIG.L's dividend yield for the trailing twelve months is around 4.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLQD.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
HLQD.L and SDIG.L have a correlation of 0.19, 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 0.25% for HLQD.L.
HLQD.L tracks iShares $ Corp Bond Interest Rate Hedged UCITS ETF, while SDIG.L tracks iShares $ Short Duration Corp Bond UCITS ETF USD (Dist). Their fees differ too: 0.25% for HLQD.L and 0.20% for SDIG.L.
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