IGSD.L vs. IGSB
IGSD.L (iShares USD Short Duration Corporate Bond UCITS ETF (Dist)) and IGSB (iShares 1-5 Year Investment Grade Corporate Bond ETF) are both Corporate Bonds funds - IGSD.L tracks the Bloomberg US Corp 1-3 Yr TR USD while IGSB tracks the ICE BofA 1-5 Year US Corporate Index. Both are passively managed. Over the past 10 years, IGSD.L returned 2.90%/yr vs 3.11%/yr for IGSB. Their correlation of 0.80 suggests significant overlap in exposure. IGSD.L charges 0.20%/yr vs 0.04%/yr for IGSB.
Performance
IGSD.L vs. IGSB - Performance Comparison
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Different Trading Currencies
IGSD.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
The year-to-date returns for both stocks are quite close, with IGSD.L having a 3.20% return and IGSB slightly lower at 3.17%. Over the past 10 years, IGSD.L has underperformed IGSB with an annualized return of 2.90%, while IGSB has yielded a comparatively higher 3.11% annualized return.
IGSD.L
- 1D
- 0.41%
- 1M
- 2.62%
- YTD
- 3.20%
- 6M
- 3.81%
- 1Y
- 7.60%
- 3Y*
- 4.10%
- 5Y*
- 3.59%
- 10Y*
- 2.90%
IGSB
- 1D
- 0.34%
- 1M
- 2.40%
- YTD
- 3.17%
- 6M
- 3.49%
- 1Y
- 7.48%
- 3Y*
- 4.52%
- 5Y*
- 3.56%
- 10Y*
- 3.11%
IGSD.L vs. IGSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGSD.L iShares USD Short Duration Corporate Bond UCITS ETF (Dist) | 3.20% | -1.18% | 6.71% | -0.12% | 6.93% | 0.55% | 0.97% | 2.90% | 6.63% | -7.03% |
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 3.17% | -0.66% | 6.81% | 1.08% | 5.59% | 0.38% | 2.28% | 3.04% | 7.25% | -7.49% |
Correlation
The correlation between IGSD.L and IGSB is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | 0.80 |
The correlation between IGSD.L and IGSB has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.
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Return for Risk
IGSD.L vs. IGSB — Risk / Return Rank
IGSD.L
IGSB
IGSD.L vs. IGSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.L) and iShares 1-5 Year Investment Grade 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.
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.
| IGSD.L | IGSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.54 | +0.22 |
| Martin ratioReturn relative to average drawdown | 4.70 | 4.46 | +0.24 |
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Drawdowns
IGSD.L vs. IGSB - Drawdown Comparison
The maximum IGSD.L drawdown since its inception was -40.69%, which is greater than IGSB's maximum drawdown of -14.87%. Use the drawdown chart below to compare losses from any high point for IGSD.L and IGSB.
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Drawdown Indicators
| IGSD.L | IGSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.69% | -14.87% | -25.82% |
Max Drawdown (1Y)Largest decline over 1 year | -4.30% | -4.88% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -8.55% | -8.26% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -15.09% | -14.79% | -0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -15.09% | -14.80% | -0.29% |
Current DrawdownCurrent decline from peak | -1.57% | -0.51% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -16.19% | -5.64% | -10.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.68% | -0.07% |
Volatility
IGSD.L vs. IGSB - Volatility Comparison
iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.L) has a higher volatility of 1.54% compared to iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) at 1.36%. This indicates that IGSD.L's price experiences larger fluctuations and is considered to be riskier than IGSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGSD.L | IGSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.36% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.44% | 4.66% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 6.01% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.82% | 7.81% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.65% | 8.62% | +0.03% |
IGSD.L vs. IGSB - Expense Ratio Comparison
IGSD.L has a 0.20% expense ratio, which is higher than IGSB's 0.04% 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
IGSD.L vs. IGSB - Dividend Comparison
IGSD.L's dividend yield for the trailing twelve months is around 4.33%, less than IGSB's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 4.57% | 4.44% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% |
IGSD.L iShares USD Short Duration Corporate Bond UCITS ETF (Dist) | 4.33% | 4.35% | 3.94% | 3.16% | 1.82% | 1.46% | 2.26% | 2.71% | 2.22% | 1.92% | 1.60% | 1.38% |
Frequently Asked Questions
IGSD.L and IGSB have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGSB is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGSB is cheaper with a 0.04% expense ratio, compared with 0.20% for IGSD.L.
IGSD.L tracks Bloomberg US Corp 1-3 Yr TR USD, while IGSB tracks ICE BofA 1-5 Year US Corporate Index. They also come from different issuers: BlackRock and iShares. Their fees differ too: 0.20% for IGSD.L and 0.04% for IGSB.
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