LQDA.L vs. IGSD.L
LQDA.L (iShares USD Corporate Bond UCITS ETF (Acc)) and IGSD.L (iShares USD Short Duration Corporate Bond UCITS ETF (Dist)) are both Corporate Bonds funds - LQDA.L tracks the Bloomberg US Corp Bond TR USD while IGSD.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, LQDA.L returned -0.01%/yr vs 2.91%/yr for IGSD.L. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
LQDA.L vs. IGSD.L - Performance Comparison
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Different Trading Currencies
LQDA.L is traded in USD, while IGSD.L is traded in GBP. To make them comparable, the IGSD.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LQDA.L achieves a 0.02% return, which is significantly lower than IGSD.L's 0.72% return.
LQDA.L
- 1D
- 0.38%
- 1M
- 0.35%
- YTD
- 0.02%
- 6M
- 0.29%
- 1Y
- 5.53%
- 3Y*
- 5.02%
- 5Y*
- -0.01%
- 10Y*
- —
IGSD.L
- 1D
- -0.16%
- 1M
- 0.19%
- YTD
- 0.72%
- 6M
- 1.46%
- 1Y
- 4.74%
- 3Y*
- 5.93%
- 5Y*
- 2.91%
- 10Y*
- 3.07%
LQDA.L vs. IGSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDA.L iShares USD Corporate Bond UCITS ETF (Acc) | 0.02% | 8.01% | 1.25% | 8.99% | -17.75% | -1.66% | 10.56% | 18.22% | -4.30% | 4.45% |
IGSD.L iShares USD Short Duration Corporate Bond UCITS ETF (Dist) | 0.72% | 7.07% | 5.72% | 5.70% | -4.20% | -0.11% | 4.32% | 7.67% | 1.35% | 1.47% |
Correlation
The correlation between LQDA.L and IGSD.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | 0.23 |
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Return for Risk
LQDA.L vs. IGSD.L — Risk / Return Rank
LQDA.L
IGSD.L
LQDA.L vs. IGSD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L) and iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.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.
| LQDA.L | IGSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 3.67 | -2.01 |
| Martin ratioReturn relative to average drawdown | 4.58 | 13.43 | -8.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LQDA.L | IGSD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.18 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.57 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.55 | -0.27 |
Drawdowns
LQDA.L vs. IGSD.L - Drawdown Comparison
The maximum LQDA.L drawdown since its inception was -25.10%, which is greater than IGSD.L's maximum drawdown of -11.83%. Use the drawdown chart below to compare losses from any high point for LQDA.L and IGSD.L.
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Drawdown Indicators
| LQDA.L | IGSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -11.83% | -13.27% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -1.32% | -2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -7.86% | -1.32% | -6.54% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -8.23% | -16.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.83% | — |
Current DrawdownCurrent decline from peak | -3.58% | -0.31% | -3.27% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -1.13% | -5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 0.36% | +0.84% |
Volatility
LQDA.L vs. IGSD.L - Volatility Comparison
iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L) has a higher volatility of 2.23% compared to iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.L) at 1.33%. This indicates that LQDA.L's price experiences larger fluctuations and is considered to be riskier than IGSD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDA.L | IGSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 1.33% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 3.28% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 4.11% | +1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.47% | 5.09% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.11% | 5.59% | +3.52% |
LQDA.L vs. IGSD.L - Expense Ratio Comparison
Both LQDA.L and IGSD.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%.
Dividends
LQDA.L vs. IGSD.L - Dividend Comparison
LQDA.L has not paid dividends to shareholders, while IGSD.L's dividend yield for the trailing twelve months is around 5.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGSD.L iShares USD Short Duration Corporate Bond UCITS ETF (Dist) | 5.06% | 5.08% | 4.67% | 3.69% | 2.12% | 1.71% | 2.51% | 3.32% | 2.94% | 2.50% | 2.16% | 2.11% |
LQDA.L iShares USD Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LQDA.L and IGSD.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LQDA.L and IGSD.L have the same expense ratio: 0.20% per year.
LQDA.L tracks Bloomberg US Corp Bond TR USD, while IGSD.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: iShares and BlackRock.
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