PUIG.L vs. IGSD.L
PUIG.L (Invesco USD Corporate Bond UCITS ETF Dist) and IGSD.L (iShares USD Short Duration Corporate Bond UCITS ETF (Dist)) are both Corporate Bonds funds - PUIG.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, PUIG.L returned 0.61%/yr vs 2.91%/yr for IGSD.L. At a 0.14 correlation, their price movements are largely independent. PUIG.L charges 0.10%/yr vs 0.20%/yr for IGSD.L.
Performance
PUIG.L vs. IGSD.L - Performance Comparison
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Different Trading Currencies
PUIG.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, PUIG.L achieves a 0.25% return, which is significantly lower than IGSD.L's 0.72% return.
PUIG.L
- 1D
- 0.27%
- 1M
- 0.46%
- YTD
- 0.25%
- 6M
- 0.43%
- 1Y
- 5.17%
- 3Y*
- 5.14%
- 5Y*
- 0.61%
- 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%
PUIG.L vs. IGSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PUIG.L Invesco USD Corporate Bond UCITS ETF Dist | 0.25% | 7.78% | 2.32% | 8.00% | -14.87% | -1.64% | 9.49% | 16.94% | -4.38% | 0.47% |
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% | 0.14% |
Correlation
The correlation between PUIG.L and IGSD.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2017 | 0.14 |
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Return for Risk
PUIG.L vs. IGSD.L — Risk / Return Rank
PUIG.L
IGSD.L
PUIG.L vs. IGSD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco USD Corporate Bond UCITS ETF Dist (PUIG.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.
| PUIG.L | IGSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 3.67 | -1.22 |
| Martin ratioReturn relative to average drawdown | 6.61 | 13.43 | -6.82 |
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
| PUIG.L | IGSD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.18 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.57 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.55 | -0.09 |
Drawdowns
PUIG.L vs. IGSD.L - Drawdown Comparison
The maximum PUIG.L drawdown since its inception was -21.72%, 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 PUIG.L and IGSD.L.
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Drawdown Indicators
| PUIG.L | IGSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.72% | -11.83% | -9.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -1.32% | -1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -5.50% | -1.32% | -4.18% |
Max Drawdown (5Y)Largest decline over 5 years | -21.72% | -8.23% | -13.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.83% | — |
Current DrawdownCurrent decline from peak | -0.90% | -0.31% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -1.13% | -5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.36% | +0.69% |
Volatility
PUIG.L vs. IGSD.L - Volatility Comparison
Invesco USD Corporate Bond UCITS ETF Dist (PUIG.L) has a higher volatility of 1.73% compared to iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.L) at 1.33%. This indicates that PUIG.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
| PUIG.L | IGSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 1.33% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 3.28% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 4.11% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.78% | 5.09% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.95% | 5.59% | +5.36% |
PUIG.L vs. IGSD.L - Expense Ratio Comparison
PUIG.L has a 0.10% expense ratio, which is lower than IGSD.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PUIG.L vs. IGSD.L - Dividend Comparison
PUIG.L's dividend yield for the trailing twelve months is around 4.92%, less than IGSD.L's 5.06% yield.
| 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% |
PUIG.L Invesco USD Corporate Bond UCITS ETF Dist | 4.92% | 4.83% | 4.76% | 4.03% | 2.94% | 2.33% | 2.81% | 3.15% | 3.32% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PUIG.L and IGSD.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PUIG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PUIG.L is cheaper with a 0.10% expense ratio, compared with 0.20% for IGSD.L.
PUIG.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: Invesco and BlackRock. Their fees differ too: 0.10% for PUIG.L and 0.20% for IGSD.L.
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