IRCP.L vs. SDIG.L
IRCP.L (iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist)) and SDIG.L (iShares $ Short Duration Corp Bond UCITS ETF USD (Dist)) are both Global Bonds funds from iShares - IRCP.L tracks the iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) while SDIG.L tracks the iShares $ Short Duration Corp Bond UCITS ETF USD (Dist). Both are passively managed. Over the past 10 years, IRCP.L returned 1.58%/yr vs 2.15%/yr for SDIG.L. At a correlation of -0.04, they often move in opposite directions. IRCP.L charges 0.25%/yr vs 0.20%/yr for SDIG.L.
Performance
IRCP.L vs. SDIG.L - Performance Comparison
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Different Trading Currencies
IRCP.L is traded in EUR, while SDIG.L is traded in USD. To make them comparable, the SDIG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IRCP.L achieves a 1.46% return, which is significantly lower than SDIG.L's 3.48% return. Over the past 10 years, IRCP.L has underperformed SDIG.L with an annualized return of 1.58%, while SDIG.L has yielded a comparatively higher 2.15% annualized return.
IRCP.L
- 1D
- 0.04%
- 1M
- 0.05%
- 6M
- 1.47%
- YTD
- 1.46%
- 1Y
- 3.00%
- 3Y*
- 5.19%
- 5Y*
- 2.73%
- 10Y*
- 1.58%
SDIG.L
- 1D
- 0.00%
- 1M
- 1.18%
- 6M
- 2.53%
- YTD
- 3.48%
- 1Y
- 5.21%
- 3Y*
- 4.52%
- 5Y*
- 3.05%
- 10Y*
- 2.15%
IRCP.L vs. SDIG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 1.46% | 4.21% | 6.47% | 5.14% | -2.74% | -0.24% | 0.84% | 4.00% | -3.63% | 1.46% |
SDIG.L iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) | 3.48% | -6.47% | 11.86% | 2.66% | 1.07% | 6.97% | -4.10% | 8.58% | 5.56% | -10.42% |
Correlation
The correlation between IRCP.L and SDIG.L is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | -0.04 |
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Return for Risk
IRCP.L vs. SDIG.L — Risk / Return Rank
IRCP.L
SDIG.L
IRCP.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 ESG SRI UCITS ETF EUR (Dist) (IRCP.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.
| IRCP.L | SDIG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.17 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 1.47 | +1.57 |
| Martin ratioReturn relative to average drawdown | 12.47 | 4.19 | +8.28 |
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Drawdowns
IRCP.L vs. SDIG.L - Drawdown Comparison
The maximum IRCP.L drawdown since its inception was -14.44%, smaller than the maximum SDIG.L drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for IRCP.L and SDIG.L.
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Drawdown Indicators
| IRCP.L | SDIG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.44% | -15.68% | +1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -3.72% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -1.96% | -10.31% | +8.35% |
Max Drawdown (5Y)Largest decline over 5 years | -7.09% | -11.30% | +4.21% |
Max Drawdown (10Y)Largest decline over 10 years | -14.44% | -15.68% | +1.24% |
Current DrawdownCurrent decline from peak | -0.16% | -4.14% | +3.98% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -4.72% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 1.31% | -1.06% |
Volatility
IRCP.L vs. SDIG.L - Volatility Comparison
The current volatility for iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) is 0.63%, while iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) (SDIG.L) has a volatility of 1.08%. This indicates that IRCP.L experiences smaller price fluctuations and is considered to be less risky 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
| IRCP.L | SDIG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 1.08% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.45% | 4.38% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.67% | 5.96% | -3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.97% | 7.22% | -4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 7.56% | -3.77% |
IRCP.L vs. SDIG.L - Expense Ratio Comparison
IRCP.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
IRCP.L vs. SDIG.L - Dividend Comparison
IRCP.L's dividend yield for the trailing twelve months is around 2.58%, less than SDIG.L's 4.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 2.58% | 2.91% | 3.70% | 2.52% | 0.43% | 0.70% | 0.82% | 0.92% | 0.58% | 0.71% | 1.35% | 1.47% |
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
IRCP.L and SDIG.L have a correlation of -0.13, 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 IRCP.L.
IRCP.L tracks iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist), while SDIG.L tracks iShares $ Short Duration Corp Bond UCITS ETF USD (Dist). Their fees differ too: 0.25% for IRCP.L and 0.20% for SDIG.L.
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