SDIA.L vs. USCR.L
SDIA.L (iShares USD Short Duration Corporate Bond UCITS ETF (Acc)) and USCR.L (SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF) are both Corporate Bonds funds - SDIA.L tracks the Bloomberg US Corp 1-3 Yr TR USD while USCR.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, SDIA.L returned 2.40%/yr vs 0.37%/yr for USCR.L. A 0.69 correlation means they provide meaningful diversification when combined. SDIA.L charges 0.20%/yr vs 0.15%/yr for USCR.L.
Performance
SDIA.L vs. USCR.L - 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 USCR.L's 0.18% 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*
- —
USCR.L
- 1D
- 0.26%
- 1M
- 0.46%
- YTD
- 0.18%
- 6M
- 0.76%
- 1Y
- 5.65%
- 3Y*
- 5.01%
- 5Y*
- 0.37%
- 10Y*
- —
SDIA.L vs. USCR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SDIA.L iShares USD Short Duration Corporate Bond UCITS ETF (Acc) | 0.79% | 6.17% | 4.99% | 5.64% | -4.49% | -0.70% | 0.75% |
USCR.L SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF | 0.18% | 7.70% | 2.19% | 8.02% | -15.48% | -1.86% | 2.28% |
Correlation
The correlation between SDIA.L and USCR.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2020 | 0.69 |
The correlation between SDIA.L and USCR.L has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.
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Return for Risk
SDIA.L vs. USCR.L — Risk / Return Rank
SDIA.L
USCR.L
SDIA.L vs. USCR.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 SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (USCR.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.
| SDIA.L | USCR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.21 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 1.95 | +2.22 |
| Martin ratioReturn relative to average drawdown | 16.33 | 5.91 | +10.42 |
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 | USCR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.20 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.05 | +0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.03 | +0.76 |
Drawdowns
SDIA.L vs. USCR.L - Drawdown Comparison
The maximum SDIA.L drawdown since its inception was -12.55%, smaller than the maximum USCR.L drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for SDIA.L and USCR.L.
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Drawdown Indicators
| SDIA.L | USCR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.55% | -22.42% | +9.87% |
Max Drawdown (1Y)Largest decline over 1 year | -1.02% | -2.89% | +1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -1.32% | -6.13% | +4.81% |
Max Drawdown (5Y)Largest decline over 5 years | -7.61% | -22.42% | +14.81% |
Current DrawdownCurrent decline from peak | -0.03% | -1.21% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -1.17% | -8.32% | +7.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 0.95% | -0.69% |
Volatility
SDIA.L vs. USCR.L - Volatility Comparison
The current volatility for iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) is 0.83%, while SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (USCR.L) has a volatility of 1.68%. This indicates that SDIA.L experiences smaller price fluctuations and is considered to be less risky than USCR.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 | USCR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 1.68% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 3.58% | -2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 4.71% | -2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.62% | 7.18% | -4.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.44% | 6.99% | -3.55% |
SDIA.L vs. USCR.L - Expense Ratio Comparison
SDIA.L has a 0.20% expense ratio, which is higher than USCR.L'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. USCR.L - Dividend Comparison
Neither SDIA.L nor USCR.L has paid dividends to shareholders.
Frequently Asked Questions
SDIA.L and USCR.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USCR.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USCR.L 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 USCR.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for SDIA.L and 0.15% for USCR.L.
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