SDIA.L vs. U03A.L
SDIA.L (iShares USD Short Duration Corporate Bond UCITS ETF (Acc)) and U03A.L (iShares USD Treasury Bond 0-3 Month 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 U03A.L is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Bill Index. Both are passively managed. Over the past year, SDIA.L returned 4.08% vs 3.94% for U03A.L. At a 0.06 correlation, their price movements are largely independent. SDIA.L charges 0.20%/yr vs 0.07%/yr for U03A.L.
Performance
SDIA.L vs. U03A.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SDIA.L achieves a 0.95% return, which is significantly lower than U03A.L's 1.69% return.
SDIA.L
- 1D
- 0.16%
- 1M
- 0.47%
- YTD
- 0.95%
- 6M
- 1.27%
- 1Y
- 4.08%
- 3Y*
- 5.39%
- 5Y*
- 2.48%
- 10Y*
- —
U03A.L
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.69%
- 6M
- 1.83%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SDIA.L vs. U03A.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SDIA.L iShares USD Short Duration Corporate Bond UCITS ETF (Acc) | 0.95% | 4.81% |
U03A.L iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) | 1.69% | 3.60% |
Correlation
The correlation between SDIA.L and U03A.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 (All Time) Calculated using the full available price history since Mar 3, 2025 | 0.06 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SDIA.L vs. U03A.L — Risk / Return Rank
SDIA.L
U03A.L
SDIA.L vs. U03A.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 iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.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 | U03A.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.67 | ||
| Sortino ratioReturn per unit of downside risk | -15.22 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 4.83 | -3.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 34.26 | -30.57 |
| Martin ratioReturn relative to average drawdown | 14.29 | 248.94 | -234.65 |
Loading charts...
Drawdowns
SDIA.L vs. U03A.L - Drawdown Comparison
The maximum SDIA.L drawdown since its inception was -12.55%, which is greater than U03A.L's maximum drawdown of -0.11%. Use the drawdown chart below to compare losses from any high point for SDIA.L and U03A.L.
Loading charts...
Drawdown Indicators
| SDIA.L | U03A.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.55% | -0.11% | -12.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.10% | -0.11% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -1.32% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -7.61% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.02% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -1.15% | -0.01% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.02% | +0.26% |
Volatility
SDIA.L vs. U03A.L - Volatility Comparison
iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) has a higher volatility of 0.82% compared to iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.L) at 0.11%. This indicates that SDIA.L's price experiences larger fluctuations and is considered to be riskier than U03A.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SDIA.L | U03A.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 0.11% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 1.77% | 0.25% | +1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 0.46% | +1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 0.49% | +2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.51% | 0.49% | +3.02% |
SDIA.L vs. U03A.L - Expense Ratio Comparison
SDIA.L has a 0.20% expense ratio, which is higher than U03A.L's 0.07% 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. U03A.L - Dividend Comparison
Neither SDIA.L nor U03A.L has paid dividends to shareholders.
Frequently Asked Questions
SDIA.L and U03A.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, U03A.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
U03A.L is cheaper with a 0.07% expense ratio, compared with 0.20% for SDIA.L.
SDIA.L is categorized as Corporate Bonds, while U03A.L is Ultrashort Bond. SDIA.L tracks Bloomberg US Corp 1-3 Yr TR USD, while U03A.L tracks ICE 0-3 Month US Treasury Bill Index. Their fees differ too: 0.20% for SDIA.L and 0.07% for U03A.L.
Find the right allocation for SDIA.L and U03A.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer