ICBU.L vs. SDIA.L
ICBU.L (iShares USD Intermediate Credit Bond UCITS ETF) and SDIA.L (iShares USD Short Duration Corporate Bond UCITS ETF (Acc)) are both Corporate Bonds funds from iShares - ICBU.L tracks the Bloomberg US Corp Bond TR USD while SDIA.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, ICBU.L returned 1.73%/yr vs 2.40%/yr for SDIA.L. A 0.67 correlation means they provide meaningful diversification when combined. ICBU.L charges 0.15%/yr vs 0.20%/yr for SDIA.L.
Performance
ICBU.L vs. SDIA.L - Performance Comparison
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Returns By Period
In the year-to-date period, ICBU.L achieves a 0.45% return, which is significantly lower than SDIA.L's 0.79% return.
ICBU.L
- 1D
- 0.20%
- 1M
- 0.20%
- YTD
- 0.45%
- 6M
- 0.86%
- 1Y
- 4.93%
- 3Y*
- 5.47%
- 5Y*
- 1.73%
- 10Y*
- —
SDIA.L
- 1D
- 0.11%
- 1M
- 0.39%
- YTD
- 0.79%
- 6M
- 1.24%
- 1Y
- 4.27%
- 3Y*
- 5.27%
- 5Y*
- 2.40%
- 10Y*
- —
ICBU.L vs. SDIA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICBU.L iShares USD Intermediate Credit Bond UCITS ETF | 0.45% | 7.60% | 4.08% | 6.74% | -9.04% | -1.35% | 6.50% | 9.92% | -0.45% | 1.40% |
SDIA.L iShares USD Short Duration Corporate Bond UCITS ETF (Acc) | 0.79% | 6.17% | 4.99% | 5.64% | -4.49% | -0.70% | 4.50% | 6.12% | 0.82% | 0.92% |
Correlation
The correlation between ICBU.L and SDIA.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 11, 2017 | 0.67 |
The correlation between ICBU.L and SDIA.L has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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Return for Risk
ICBU.L vs. SDIA.L — Risk / Return Rank
ICBU.L
SDIA.L
ICBU.L vs. SDIA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Intermediate Credit Bond UCITS ETF (ICBU.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.
| ICBU.L | SDIA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.45 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 4.17 | -1.88 |
| Martin ratioReturn relative to average drawdown | 8.55 | 16.33 | -7.78 |
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
| ICBU.L | SDIA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 2.32 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.92 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.79 | -0.17 |
Drawdowns
ICBU.L vs. SDIA.L - Drawdown Comparison
The maximum ICBU.L drawdown since its inception was -13.92%, 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 ICBU.L and SDIA.L.
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Drawdown Indicators
| ICBU.L | SDIA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.92% | -12.55% | -1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.14% | -1.02% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -3.24% | -1.32% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -13.92% | -7.61% | -6.31% |
Current DrawdownCurrent decline from peak | -0.67% | -0.03% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -1.17% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 0.26% | +0.31% |
Volatility
ICBU.L vs. SDIA.L - Volatility Comparison
iShares USD Intermediate Credit Bond UCITS ETF (ICBU.L) has a higher volatility of 1.35% compared to iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) at 0.83%. This indicates that ICBU.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
| ICBU.L | SDIA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.83% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 1.51% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.03% | 1.84% | +1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.31% | 2.62% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 3.44% | +0.98% |
ICBU.L vs. SDIA.L - Expense Ratio Comparison
ICBU.L has a 0.15% 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
ICBU.L vs. SDIA.L - Dividend Comparison
ICBU.L's dividend yield for the trailing twelve months is around 5.54%, while SDIA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ICBU.L iShares USD Intermediate Credit Bond UCITS ETF | 5.54% | 4.21% | 3.78% | 2.77% | 1.93% | 1.93% | 2.78% | 2.93% | 2.65% | 0.44% |
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
ICBU.L and SDIA.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICBU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICBU.L is cheaper with a 0.15% expense ratio, compared with 0.20% for SDIA.L.
ICBU.L tracks Bloomberg US Corp Bond TR USD, while SDIA.L tracks Bloomberg US Corp 1-3 Yr TR USD. Their fees differ too: 0.15% for ICBU.L and 0.20% for SDIA.L.
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