SDIA.L vs. LQD
SDIA.L (iShares USD Short Duration Corporate Bond UCITS ETF (Acc)) and LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) are both Corporate Bonds funds from iShares - SDIA.L tracks the Bloomberg US Corp 1-3 Yr TR USD while LQD tracks the iBoxx $ Liquid Investment Grade Index. Both are passively managed. Over the past 5 years, SDIA.L returned 2.40%/yr vs -0.00%/yr for LQD. At a 0.49 correlation, their price movements are largely independent. SDIA.L charges 0.20%/yr vs 0.15%/yr for LQD.
Performance
SDIA.L vs. LQD - Performance Comparison
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Returns By Period
In the year-to-date period, SDIA.L achieves a 0.79% return, which is significantly higher than LQD's 0.67% return.
SDIA.L
- 1D
- 0.11%
- 1M
- 0.39%
- YTD
- 0.79%
- 6M
- 1.24%
- 1Y
- 4.27%
- 3Y*
- 5.27%
- 5Y*
- 2.40%
- 10Y*
- —
LQD
- 1D
- 0.21%
- 1M
- 0.56%
- YTD
- 0.67%
- 6M
- 0.36%
- 1Y
- 5.54%
- 3Y*
- 5.10%
- 5Y*
- -0.00%
- 10Y*
- 2.56%
SDIA.L vs. LQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDIA.L iShares USD Short Duration Corporate Bond UCITS ETF (Acc) | 0.79% | 6.17% | 4.99% | 5.64% | -4.49% | -0.70% | 4.50% | 6.12% | 0.82% | 0.92% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.67% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 10.97% | 17.37% | -3.79% | 5.00% |
Correlation
The correlation between SDIA.L and LQD is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 9, 2017 | 0.49 |
The correlation between SDIA.L and LQD has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.
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Return for Risk
SDIA.L vs. LQD — Risk / Return Rank
SDIA.L
LQD
SDIA.L vs. LQD - 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 iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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.
| SDIA.L | LQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.18 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 1.66 | +2.50 |
| Martin ratioReturn relative to average drawdown | 16.33 | 4.76 | +11.58 |
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
| SDIA.L | LQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.05 | +1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | -0.00 | +0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.54 | +0.25 |
Drawdowns
SDIA.L vs. LQD - Drawdown Comparison
The maximum SDIA.L drawdown since its inception was -12.55%, smaller than the maximum LQD drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for SDIA.L and LQD.
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Drawdown Indicators
| SDIA.L | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.55% | -24.95% | +12.40% |
Max Drawdown (1Y)Largest decline over 1 year | -1.02% | -3.34% | +2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -1.32% | -8.43% | +7.11% |
Max Drawdown (5Y)Largest decline over 5 years | -7.61% | -24.95% | +17.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.95% | — |
Current DrawdownCurrent decline from peak | -0.03% | -3.51% | +3.48% |
Average DrawdownAverage peak-to-trough decline | -1.17% | -3.99% | +2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 1.17% | -0.91% |
Volatility
SDIA.L vs. LQD - Volatility Comparison
The current volatility for iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) is 0.83%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 1.62%. This indicates that SDIA.L experiences smaller price fluctuations and is considered to be less risky than LQD 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 | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 1.62% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 3.90% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 5.36% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.62% | 8.64% | -6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.44% | 8.68% | -5.24% |
SDIA.L vs. LQD - Expense Ratio Comparison
SDIA.L has a 0.20% expense ratio, which is higher than LQD's 0.15% 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
SDIA.L vs. LQD - Dividend Comparison
SDIA.L has not paid dividends to shareholders, while LQD's dividend yield for the trailing twelve months is around 4.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.56% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
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% | 0.00% |
Frequently Asked Questions
SDIA.L and LQD have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LQD is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LQD is cheaper with a 0.15% expense ratio, compared with 0.20% for SDIA.L.
SDIA.L tracks Bloomberg US Corp 1-3 Yr TR USD, while LQD tracks iBoxx $ Liquid Investment Grade Index. Their fees differ too: 0.20% for SDIA.L and 0.15% for LQD.
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