SDIG.L vs. EMHG.L
SDIG.L (iShares $ Short Duration Corp Bond UCITS ETF USD (Dist)) and EMHG.L (iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - SDIG.L is a Global Bonds fund tracking the iShares $ Short Duration Corp Bond UCITS ETF USD (Dist), while EMHG.L is a Emerging Markets Bonds fund tracking the J.P. Morgan Emerging Markets Bond Index Global Diversified Core. Both are passively managed. Over the past 5 years, SDIG.L returned 2.46%/yr vs 0.54%/yr for EMHG.L. At a 0.40 correlation, their price movements are largely independent. SDIG.L charges 0.20%/yr vs 0.50%/yr for EMHG.L.
Performance
SDIG.L vs. EMHG.L - Performance Comparison
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Different Trading Currencies
SDIG.L is traded in USD, while EMHG.L is traded in GBP. To make them comparable, the EMHG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SDIG.L achieves a 1.03% return, which is significantly lower than EMHG.L's 2.10% return.
SDIG.L
- 1D
- -0.03%
- 1M
- 0.12%
- 6M
- 0.97%
- YTD
- 1.03%
- 1Y
- 4.01%
- 3Y*
- 5.23%
- 5Y*
- 2.46%
- 10Y*
- 2.51%
EMHG.L
- 1D
- 0.00%
- 1M
- 0.04%
- 6M
- 2.49%
- YTD
- 2.10%
- 1Y
- 10.81%
- 3Y*
- 9.52%
- 5Y*
- 0.54%
- 10Y*
- —
SDIG.L vs. EMHG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SDIG.L iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) | 1.03% | 6.12% | 4.93% | 5.83% | -4.83% | -0.48% | 4.51% | 6.18% | 1.76% |
EMHG.L iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) | 2.10% | 21.96% | 3.55% | 14.71% | -28.49% | -3.39% | 6.66% | 18.35% | -13.18% |
Correlation
The correlation between SDIG.L and EMHG.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018 | 0.40 |
The correlation between SDIG.L and EMHG.L shifts across timeframes, from 0.40 (all time) to 0.54 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SDIG.L vs. EMHG.L — Risk / Return Rank
SDIG.L
EMHG.L
SDIG.L vs. EMHG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) (SDIG.L) and iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) (EMHG.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.
| SDIG.L | EMHG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.19 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 1.47 | +1.88 |
| Martin ratioReturn relative to average drawdown | 14.02 | 4.78 | +9.23 |
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Drawdowns
SDIG.L vs. EMHG.L - Drawdown Comparison
The maximum SDIG.L drawdown since its inception was -11.39%, smaller than the maximum EMHG.L drawdown of -44.35%. Use the drawdown chart below to compare losses from any high point for SDIG.L and EMHG.L.
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Drawdown Indicators
| SDIG.L | EMHG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.39% | -44.35% | +32.96% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -7.32% | +6.15% |
Max Drawdown (3Y)Largest decline over 3 years | -1.18% | -13.72% | +12.54% |
Max Drawdown (5Y)Largest decline over 5 years | -7.59% | -43.78% | +36.19% |
Max Drawdown (10Y)Largest decline over 10 years | -11.39% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.99% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -13.88% | +12.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 2.25% | -1.97% |
Volatility
SDIG.L vs. EMHG.L - Volatility Comparison
The current volatility for iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) (SDIG.L) is 0.60%, while iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) (EMHG.L) has a volatility of 1.93%. This indicates that SDIG.L experiences smaller price fluctuations and is considered to be less risky than EMHG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDIG.L | EMHG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 1.93% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 7.73% | -6.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 9.98% | -8.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.66% | 14.60% | -11.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.75% | 15.24% | -11.49% |
SDIG.L vs. EMHG.L - Expense Ratio Comparison
SDIG.L has a 0.20% expense ratio, which is lower than EMHG.L's 0.50% expense ratio.
Dividends
SDIG.L vs. EMHG.L - Dividend Comparison
SDIG.L's dividend yield for the trailing twelve months is around 4.40%, less than EMHG.L's 6.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMHG.L iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) | 6.17% | 5.71% | 5.74% | 5.61% | 5.64% | 3.93% | 3.85% | 4.73% | 3.64% | 0.00% | 0.00% | 0.00% |
SDIG.L iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) | 4.40% | 4.32% | 4.03% | 3.11% | 1.85% | 1.49% | 2.12% | 2.63% | 2.29% | 1.84% | 1.75% | 1.43% |
Frequently Asked Questions
SDIG.L and EMHG.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDIG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDIG.L is cheaper with a 0.20% expense ratio, compared with 0.50% for EMHG.L.
SDIG.L is categorized as Global Bonds, while EMHG.L is Emerging Markets Bonds. SDIG.L tracks iShares $ Short Duration Corp Bond UCITS ETF USD (Dist), while EMHG.L tracks J.P. Morgan Emerging Markets Bond Index Global Diversified Core. Their fees differ too: 0.20% for SDIG.L and 0.50% for EMHG.L.
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