IWQU.L vs. SDIA.L
IWQU.L (iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc)) and SDIA.L (iShares USD Short Duration Corporate Bond UCITS ETF (Acc)) are both exchange-traded funds - IWQU.L is a Global Equities fund tracking the MSCI World Sector Neutral Quality Index, while SDIA.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, IWQU.L returned 9.83%/yr vs 2.48%/yr for SDIA.L. At a 0.15 correlation, their price movements are largely independent. IWQU.L charges 0.25%/yr vs 0.20%/yr for SDIA.L.
Performance
IWQU.L vs. SDIA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IWQU.L achieves a 7.37% return, which is significantly higher than SDIA.L's 0.95% return.
IWQU.L
- 1D
- -0.02%
- 1M
- -0.59%
- YTD
- 7.37%
- 6M
- 7.17%
- 1Y
- 19.67%
- 3Y*
- 17.54%
- 5Y*
- 9.83%
- 10Y*
- 12.96%
SDIA.L
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 0.95%
- 6M
- 1.27%
- 1Y
- 4.08%
- 3Y*
- 5.33%
- 5Y*
- 2.48%
- 10Y*
- —
IWQU.L vs. SDIA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWQU.L iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) | 7.37% | 15.28% | 17.17% | 25.90% | -19.26% | 23.70% | 14.95% | 29.64% | -7.53% | 16.31% |
SDIA.L iShares USD Short Duration Corporate Bond UCITS ETF (Acc) | 0.95% | 6.22% | 4.94% | 5.68% | -4.49% | -0.70% | 4.50% | 6.15% | 0.79% | 1.08% |
Correlation
The correlation between IWQU.L and SDIA.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2017 | 0.15 |
The correlation between IWQU.L and SDIA.L shifts across timeframes, from 0.15 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IWQU.L vs. SDIA.L — Risk / Return Rank
IWQU.L
SDIA.L
IWQU.L vs. SDIA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) (IWQU.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.
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.
| IWQU.L | SDIA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.42 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 3.70 | -1.40 |
| Martin ratioReturn relative to average drawdown | 9.47 | 14.29 | -4.81 |
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Drawdowns
IWQU.L vs. SDIA.L - Drawdown Comparison
The maximum IWQU.L drawdown since its inception was -33.05%, 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 IWQU.L and SDIA.L.
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Drawdown Indicators
| IWQU.L | SDIA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.05% | -12.55% | -20.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -1.10% | -7.43% |
Max Drawdown (3Y)Largest decline over 3 years | -16.09% | -1.32% | -14.77% |
Max Drawdown (5Y)Largest decline over 5 years | -27.70% | -7.61% | -20.09% |
Max Drawdown (10Y)Largest decline over 10 years | -33.05% | — | — |
Current DrawdownCurrent decline from peak | -2.21% | 0.00% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -1.15% | -3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 0.28% | +1.79% |
Volatility
IWQU.L vs. SDIA.L - Volatility Comparison
iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) (IWQU.L) has a higher volatility of 3.28% compared to iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) at 0.82%. This indicates that IWQU.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
| IWQU.L | SDIA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 0.82% | +2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 1.77% | +7.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.54% | 2.16% | +9.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.61% | 2.77% | +12.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 3.51% | +12.18% |
IWQU.L vs. SDIA.L - Expense Ratio Comparison
IWQU.L has a 0.25% expense ratio, which is higher than SDIA.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
IWQU.L vs. SDIA.L - Dividend Comparison
Neither IWQU.L nor SDIA.L has paid dividends to shareholders.
Frequently Asked Questions
IWQU.L and SDIA.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDIA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDIA.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IWQU.L.
IWQU.L is categorized as Global Equities, while SDIA.L is Corporate Bonds. IWQU.L tracks MSCI World Sector Neutral Quality Index, while SDIA.L tracks Bloomberg US Corp 1-3 Yr TR USD. Their fees differ too: 0.25% for IWQU.L and 0.20% for SDIA.L.
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