SDIA.L vs. GFA.L
SDIA.L (iShares USD Short Duration Corporate Bond UCITS ETF (Acc)) and GFA.L (VanEck Global Fallen Angel High Yield Bond UCITS ETF USD (Acc)) are both exchange-traded funds - SDIA.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD, while GFA.L is a Global High Yield Bonds fund tracking the ICE Global Fallen Angel High Yield 10% Constrained Index. Both are passively managed. Over the past 5 years, SDIA.L returned 2.49%/yr vs 2.98%/yr for GFA.L. At a 0.37 correlation, their price movements are largely independent. SDIA.L charges 0.20%/yr vs 0.40%/yr for GFA.L.
Performance
SDIA.L vs. GFA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SDIA.L achieves a 1.11% return, which is significantly lower than GFA.L's 3.55% return.
SDIA.L
- 1D
- 0.00%
- 1M
- 0.16%
- 6M
- 1.11%
- YTD
- 1.11%
- 1Y
- 3.90%
- 3Y*
- 5.19%
- 5Y*
- 2.49%
- 10Y*
- —
GFA.L
- 1D
- -0.14%
- 1M
- -0.18%
- 6M
- 3.30%
- YTD
- 3.55%
- 1Y
- 6.91%
- 3Y*
- 8.15%
- 5Y*
- 2.98%
- 10Y*
- —
SDIA.L vs. GFA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SDIA.L iShares USD Short Duration Corporate Bond UCITS ETF (Acc) | 1.11% | 6.22% | 4.94% | 5.68% | -4.49% | -0.70% | 4.50% | 6.15% | 1.80% |
GFA.L VanEck Global Fallen Angel High Yield Bond UCITS ETF USD (Acc) | 3.55% | 9.97% | 6.02% | 10.29% | -12.56% | 1.93% | 16.95% | 13.34% | -3.62% |
Correlation
The correlation between SDIA.L and GFA.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.37 |
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Return for Risk
SDIA.L vs. GFA.L — Risk / Return Rank
SDIA.L
GFA.L
SDIA.L vs. GFA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) and VanEck Global Fallen Angel High Yield Bond UCITS ETF USD (Acc) (GFA.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.
| SDIA.L | GFA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.21 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | 1.76 | +1.77 |
| Martin ratioReturn relative to average drawdown | 13.59 | 4.76 | +8.82 |
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Drawdowns
SDIA.L vs. GFA.L - Drawdown Comparison
The maximum SDIA.L drawdown since its inception was -12.55%, smaller than the maximum GFA.L drawdown of -22.98%. Use the drawdown chart below to compare losses from any high point for SDIA.L and GFA.L.
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Drawdown Indicators
| SDIA.L | GFA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.55% | -22.98% | +10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -1.10% | -3.90% | +2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -1.32% | -5.03% | +3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -7.61% | -22.54% | +14.93% |
Current DrawdownCurrent decline from peak | -0.00% | -0.80% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -1.15% | -4.38% | +3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.29% | 1.45% | -1.16% |
Volatility
SDIA.L vs. GFA.L - Volatility Comparison
The current volatility for iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) is 0.73%, while VanEck Global Fallen Angel High Yield Bond UCITS ETF USD (Acc) (GFA.L) has a volatility of 1.33%. This indicates that SDIA.L experiences smaller price fluctuations and is considered to be less risky than GFA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDIA.L | GFA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 1.33% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 5.65% | -3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.21% | 6.49% | -4.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.78% | 8.25% | -5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.50% | 8.42% | -4.92% |
SDIA.L vs. GFA.L - Expense Ratio Comparison
SDIA.L has a 0.20% expense ratio, which is lower than GFA.L's 0.40% expense ratio.
Dividends
SDIA.L vs. GFA.L - Dividend Comparison
Neither SDIA.L nor GFA.L has paid dividends to shareholders.
Frequently Asked Questions
SDIA.L and GFA.L have a correlation of 0.39, 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 0.40% for GFA.L.
SDIA.L is categorized as Corporate Bonds, while GFA.L is Global High Yield Bonds. SDIA.L tracks Bloomberg US Corp 1-3 Yr TR USD, while GFA.L tracks ICE Global Fallen Angel High Yield 10% Constrained Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.20% for SDIA.L and 0.40% for GFA.L.
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