IGLS.L vs. IGSB

Last updated Apr 2, 2026

Compare and contrast key facts about iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) and iShares Short-Term Corporate Bond ETF (IGSB).

IGLS.L and IGSB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGLS.L is a passively managed fund by iShares that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on Apr 17, 2009. IGSB is a passively managed fund by iShares that tracks the performance of the ICE BofAML 1-5 Year US Corporate Index. It was launched on Jan 11, 2007. Both IGLS.L and IGSB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IGLS.L vs. IGSB - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) and iShares Short-Term Corporate Bond ETF (IGSB). The values are adjusted to include any dividend payments, if applicable.

IGLS.L vs. IGSB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)	-0.30%	5.26%	2.65%	4.19%	-4.45%	-1.68%	1.49%	1.05%	0.13%	-0.38%
IGSB iShares Short-Term Corporate Bond ETF	1.90%	-0.66%	6.81%	1.08%	5.59%	0.38%	2.28%	3.04%	7.25%	-7.49%

Different Trading Currencies

IGLS.L is traded in GBP, while IGSB is traded in USD. To make them comparable, the IGSB values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, IGLS.L achieves a -0.30% return, which is significantly lower than IGSB's 1.90% return. Over the past 10 years, IGLS.L has underperformed IGSB with an annualized return of 0.86%, while IGSB has yielded a comparatively higher 3.48% annualized return.

IGLS.L

• 1D: 0.29%
• 1M: -0.93%
• YTD: -0.30%
• 6M: 1.23%
• 1Y: 3.55%
• 3Y*: 3.62%
• 5Y*: 1.22%
• 10Y*: 0.86%

IGSB

• 1D: -0.13%
• 1M: 0.55%
• YTD: 1.90%
• 6M: 2.98%
• 1Y: 2.37%
• 3Y*: 3.02%
• 5Y*: 3.35%
• 10Y*: 3.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IGLS.L vs. IGSB - Expense Ratio Comparison

IGLS.L has a 0.07% expense ratio, which is higher than IGSB's 0.06% 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%.

IGLS.L

iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)

IGSB

iShares Short-Term Corporate Bond ETF

Return for Risk

IGLS.L vs. IGSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGLS.L

IGLS.L Risk / Return Rank: 80
IGLS.L Sharpe Ratio Rank: 84
IGLS.L Sortino Ratio Rank: 86
IGLS.L Omega Ratio Rank: 85
IGLS.L Calmar Ratio Rank: 69
IGLS.L Martin Ratio Rank: 74

IGSB

IGSB Risk / Return Rank: 94
IGSB Sharpe Ratio Rank: 92
IGSB Sortino Ratio Rank: 95
IGSB Omega Ratio Rank: 94
IGSB Calmar Ratio Rank: 92
IGSB Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGLS.L vs. IGSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) and iShares Short-Term Corporate Bond ETF (IGSB). 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.

	IGLS.L	IGSB	Difference
Sharpe ratio Return per unit of total volatility	1.72	0.35	+1.37
Sortino ratio Return per unit of downside risk	2.42	0.53	+1.89
Omega ratio Gain probability vs. loss probability	1.35	1.07	+0.29
Calmar ratio Return relative to maximum drawdown	1.86	0.45	+1.40
Martin ratio Return relative to average drawdown	8.21	0.88	+7.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGLS.L vs. IGSB - Sharpe Ratio Comparison

The current IGLS.L Sharpe Ratio is 1.72, which is higher than the IGSB Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of IGLS.L and IGSB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IGLS.L	IGSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	0.35	+1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.43	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.38	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.50	+0.18

Correlation

The correlation between IGLS.L and IGSB is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IGLS.L vs. IGSB - Dividend Comparison

IGLS.L's dividend yield for the trailing twelve months is around 4.01%, less than IGSB's 4.55% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)	4.01%	3.88%	3.67%	1.62%	0.30%	0.25%	0.53%	0.46%	0.33%	0.53%	0.88%	0.48%
IGSB iShares Short-Term Corporate Bond ETF	4.55%	4.44%	4.02%	3.26%	2.07%	1.82%	2.36%	3.06%	2.46%	1.65%	1.45%	1.18%

Drawdowns

IGLS.L vs. IGSB - Drawdown Comparison

The maximum IGLS.L drawdown since its inception was -9.54%, smaller than the maximum IGSB drawdown of -14.87%. Use the drawdown chart below to compare losses from any high point for IGLS.L and IGSB.

Drawdown Indicators

	IGLS.L	IGSB	Difference
Max Drawdown Largest peak-to-trough decline	-9.54%	-13.38%	+3.84%
Max Drawdown (1Y) Largest decline over 1 year	-1.95%	-1.46%	-0.49%
Max Drawdown (5Y) Largest decline over 5 years	-8.85%	-9.46%	+0.61%
Max Drawdown (10Y) Largest decline over 10 years	-9.54%	-13.38%	+3.84%
Current Drawdown Current decline from peak	-1.21%	-0.79%	-0.42%
Average Drawdown Average peak-to-trough decline	-1.10%	-0.85%	-0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	0.36%	+0.08%

Volatility

IGLS.L vs. IGSB - Volatility Comparison

The current volatility for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) is 1.10%, while iShares Short-Term Corporate Bond ETF (IGSB) has a volatility of 2.22%. This indicates that IGLS.L experiences smaller price fluctuations and is considered to be less risky than IGSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGLS.L	IGSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	2.22%	-1.12%
Volatility (6M) Calculated over the trailing 6-month period	1.43%	4.63%	-3.20%
Volatility (1Y) Calculated over the trailing 1-year period	2.06%	6.85%	-4.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.62%	7.87%	-5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.16%	9.25%	-7.09%