IGSD.L vs. LQDE.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.L) and iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L).

IGSD.L and LQDE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGSD.L is a passively managed fund by BlackRock that tracks the performance of the Bloomberg US Corp 1-3 Yr TR USD. It was launched on Oct 16, 2013. LQDE.L is a passively managed fund by iShares that tracks the performance of the Morningstar US Corporate Bond TR USD. It was launched on Mar 15, 2003. Both IGSD.L and LQDE.L 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

IGSD.L vs. LQDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.L) and iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L). The values are adjusted to include any dividend payments, if applicable.

IGSD.L vs. LQDE.L - 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)	1.50%	-0.44%	7.51%	0.40%	7.27%	0.80%	1.22%	3.52%	7.44%	-6.51%
LQDE.L iShares $ Corp Bond UCITS ETF USD Distributing	0.71%	0.39%	2.83%	3.68%	-8.03%	-1.11%	7.72%	13.38%	1.76%	-2.43%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, IGSD.L achieves a 1.50% return, which is significantly higher than LQDE.L's 0.71% return. Over the past 10 years, IGSD.L has outperformed LQDE.L with an annualized return of 3.75%, while LQDE.L has yielded a comparatively lower 3.33% annualized return.

IGSD.L

• 1D: -0.68%
• 1M: 0.23%
• YTD: 1.50%
• 6M: 2.96%
• 1Y: 2.22%
• 3Y*: 3.35%
• 5Y*: 3.72%
• 10Y*: 3.75%

LQDE.L

• 1D: 0.32%
• 1M: -0.16%
• YTD: 0.71%
• 6M: 1.53%
• 1Y: 1.85%
• 3Y*: 1.91%
• 5Y*: 0.94%
• 10Y*: 3.33%

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

IGSD.L vs. LQDE.L - Expense Ratio Comparison

Both IGSD.L and LQDE.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

IGSD.L

iShares USD Short Duration Corporate Bond UCITS ETF (Dist)

LQDE.L

iShares $ Corp Bond UCITS ETF USD Distributing

Return for Risk

IGSD.L vs. LQDE.L — Risk / Return Rank

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

IGSD.L

IGSD.L Risk / Return Rank: 19
IGSD.L Sharpe Ratio Rank: 21
IGSD.L Sortino Ratio Rank: 19
IGSD.L Omega Ratio Rank: 17
IGSD.L Calmar Ratio Rank: 21
IGSD.L Martin Ratio Rank: 17

LQDE.L

LQDE.L Risk / Return Rank: 31
LQDE.L Sharpe Ratio Rank: 31
LQDE.L Sortino Ratio Rank: 28
LQDE.L Omega Ratio Rank: 28
LQDE.L Calmar Ratio Rank: 32
LQDE.L Martin Ratio Rank: 34

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.

IGSD.L vs. LQDE.L - 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 $ Corp Bond UCITS ETF USD Distributing (LQDE.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.

	IGSD.L	LQDE.L	Difference
Sharpe ratio Return per unit of total volatility	0.34	0.21	+0.13
Sortino ratio Return per unit of downside risk	0.53	0.33	+0.20
Omega ratio Gain probability vs. loss probability	1.06	1.04	+0.02
Calmar ratio Return relative to maximum drawdown	0.49	0.38	+0.10
Martin ratio Return relative to average drawdown	0.96	0.82	+0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGSD.L vs. LQDE.L - Sharpe Ratio Comparison

The current IGSD.L Sharpe Ratio is 0.34, which is higher than the LQDE.L Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of IGSD.L and LQDE.L, 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

	IGSD.L	LQDE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.34	0.21	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.09	+0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.29	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.47	+0.04

Correlation

The correlation between IGSD.L and LQDE.L is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IGSD.L vs. LQDE.L - Dividend Comparison

IGSD.L's dividend yield for the trailing twelve months is around 5.03%, which matches LQDE.L's 5.00% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGSD.L iShares USD Short Duration Corporate Bond UCITS ETF (Dist)	5.03%	5.08%	4.67%	3.69%	2.12%	1.71%	2.51%	3.32%	2.94%	2.50%	2.16%	2.11%
LQDE.L iShares $ Corp Bond UCITS ETF USD Distributing	5.00%	4.89%	5.02%	4.58%	3.74%	2.68%	2.77%	3.42%	3.69%	3.25%	3.40%	3.36%

Drawdowns

IGSD.L vs. LQDE.L - Drawdown Comparison

The maximum IGSD.L drawdown since its inception was -14.83%, smaller than the maximum LQDE.L drawdown of -27.34%. Use the drawdown chart below to compare losses from any high point for IGSD.L and LQDE.L.

Drawdown Indicators

	IGSD.L	LQDE.L	Difference
Max Drawdown Largest peak-to-trough decline	-14.83%	-32.12%	+17.29%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	-4.72%	-0.63%
Max Drawdown (5Y) Largest decline over 5 years	-14.83%	-25.11%	+10.28%
Max Drawdown (10Y) Largest decline over 10 years	-14.83%	-25.38%	+10.55%
Current Drawdown Current decline from peak	-1.81%	-4.89%	+3.08%
Average Drawdown Average peak-to-trough decline	-5.20%	-4.70%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	1.25%	+1.47%

Volatility

IGSD.L vs. LQDE.L - Volatility Comparison

The current volatility for iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.L) is 1.94%, while iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L) has a volatility of 3.10%. This indicates that IGSD.L experiences smaller price fluctuations and is considered to be less risky than LQDE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGSD.L	LQDE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.94%	3.10%	-1.16%
Volatility (6M) Calculated over the trailing 6-month period	4.19%	5.71%	-1.52%
Volatility (1Y) Calculated over the trailing 1-year period	6.47%	8.76%	-2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.84%	9.98%	-2.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.17%	11.51%	-2.34%