LQDS.L vs. SDIA.L
LQDS.L (iShares USD Corporate Bond UCITS ETF (Dist)) and SDIA.L (iShares USD Short Duration Corporate Bond UCITS ETF (Acc)) are both Corporate Bonds funds from iShares - LQDS.L tracks the Bloomberg US Corp Bond TR USD while SDIA.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, LQDS.L returned 1.06%/yr vs 3.51%/yr for SDIA.L. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
LQDS.L vs. SDIA.L - Performance Comparison
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Different Trading Currencies
LQDS.L is traded in GBp, while SDIA.L is traded in USD. To make them comparable, the SDIA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, LQDS.L achieves a 0.31% return, which is significantly lower than SDIA.L's 1.20% return.
LQDS.L
- 1D
- 0.29%
- 1M
- 1.35%
- YTD
- 0.31%
- 6M
- -0.20%
- 1Y
- 6.56%
- 3Y*
- 2.28%
- 5Y*
- 1.06%
- 10Y*
- —
SDIA.L
- 1D
- 0.11%
- 1M
- 1.31%
- YTD
- 1.20%
- 6M
- 0.54%
- 1Y
- 5.28%
- 3Y*
- 2.63%
- 5Y*
- 3.51%
- 10Y*
- —
LQDS.L vs. SDIA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDS.L iShares USD Corporate Bond UCITS ETF (Dist) | 0.31% | 0.56% | 2.80% | 3.05% | -7.97% | -0.39% | 6.90% | 14.25% | 1.50% | 0.36% |
SDIA.L iShares USD Short Duration Corporate Bond UCITS ETF (Acc) | 1.20% | -1.40% | 6.83% | 0.36% | 6.87% | 0.24% | 1.43% | 2.08% | 6.80% | -3.36% |
Correlation
The correlation between LQDS.L and SDIA.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 9, 2017 | 0.64 |
The correlation between LQDS.L and SDIA.L has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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Return for Risk
LQDS.L vs. SDIA.L — Risk / Return Rank
LQDS.L
SDIA.L
LQDS.L vs. SDIA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond UCITS ETF (Dist) (LQDS.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.
| LQDS.L | SDIA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.07 | +0.27 |
| Martin ratioReturn relative to average drawdown | 3.22 | 3.05 | +0.17 |
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
| LQDS.L | SDIA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.82 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.43 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.27 | -0.05 |
Drawdowns
LQDS.L vs. SDIA.L - Drawdown Comparison
The maximum LQDS.L drawdown since its inception was -19.03%, which is greater than SDIA.L's maximum drawdown of -15.38%. Use the drawdown chart below to compare losses from any high point for LQDS.L and SDIA.L.
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Drawdown Indicators
| LQDS.L | SDIA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.03% | -15.38% | -3.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.90% | -4.94% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -8.84% | -8.72% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -15.27% | -15.38% | +0.11% |
Current DrawdownCurrent decline from peak | -8.43% | -3.93% | -4.50% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -6.25% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.73% | +0.30% |
Volatility
LQDS.L vs. SDIA.L - Volatility Comparison
iShares USD Corporate Bond UCITS ETF (Dist) (LQDS.L) and iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) have volatilities of 1.71% and 1.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDS.L | SDIA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 1.79% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.86% | 5.02% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 6.45% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.43% | 8.14% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.10% | 8.42% | +1.68% |
LQDS.L vs. SDIA.L - Expense Ratio Comparison
Both LQDS.L and SDIA.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
LQDS.L vs. SDIA.L - Dividend Comparison
LQDS.L's dividend yield for the trailing twelve months is around 4.93%, while SDIA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LQDS.L iShares USD Corporate Bond UCITS ETF (Dist) | 4.93% | 4.92% | 4.91% | 4.66% | 3.68% | 2.63% | 2.95% | 3.51% | 3.57% | 3.39% | 1.64% |
SDIA.L iShares USD Short Duration 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% |
Frequently Asked Questions
LQDS.L and SDIA.L have a correlation of 0.60, 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.
LQDS.L and SDIA.L have the same expense ratio: 0.20% per year.
LQDS.L tracks Bloomberg US Corp Bond TR USD, while SDIA.L tracks Bloomberg US Corp 1-3 Yr TR USD.
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