SDIG.L vs. ERND.L
SDIG.L (iShares $ Short Duration Corp Bond UCITS ETF USD (Dist)) and ERND.L (iShares $ Ultrashort Bond UCITS ETF USD (Dist)) are both exchange-traded funds - SDIG.L is a Short-Term Bond fund tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index, while ERND.L is a Ultrashort Bond fund tracking the Markit iBoxx USD Liquid Investment Grade Ultrashort Index (USD). Both are passively managed. Over the past 10 years, SDIG.L returned 2.50%/yr vs 2.77%/yr for ERND.L. At a 0.17 correlation, their price movements are largely independent. SDIG.L charges 0.20%/yr vs 0.09%/yr for ERND.L.
Performance
SDIG.L vs. ERND.L - Performance Comparison
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Returns By Period
In the year-to-date period, SDIG.L achieves a 0.98% return, which is significantly lower than ERND.L's 2.05% return. Over the past 10 years, SDIG.L has underperformed ERND.L with an annualized return of 2.50%, while ERND.L has yielded a comparatively higher 2.77% annualized return.
SDIG.L
- 1D
- -0.03%
- 1M
- 0.16%
- 6M
- 1.03%
- YTD
- 0.98%
- 1Y
- 3.82%
- 3Y*
- 5.14%
- 5Y*
- 2.45%
- 10Y*
- 2.50%
ERND.L
- 1D
- 0.05%
- 1M
- 0.27%
- 6M
- 1.87%
- YTD
- 2.05%
- 1Y
- 4.24%
- 3Y*
- 5.09%
- 5Y*
- 3.84%
- 10Y*
- 2.77%
SDIG.L vs. ERND.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDIG.L iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) | 0.98% | 6.12% | 4.93% | 5.83% | -4.83% | -0.48% | 4.51% | 6.18% | 0.83% | 2.13% |
ERND.L iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 2.05% | 4.84% | 5.55% | 5.09% | 2.03% | 0.00% | 1.21% | 3.03% | 2.11% | 1.48% |
Correlation
The correlation between SDIG.L and ERND.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | 0.17 |
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Return for Risk
SDIG.L vs. ERND.L — Risk / Return Rank
SDIG.L
ERND.L
SDIG.L vs. ERND.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 $ Ultrashort Bond UCITS ETF USD (Dist) (ERND.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 | ERND.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.37 | ||
| Sortino ratioReturn per unit of downside risk | -6.18 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 2.37 | -0.99 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 21.13 | -17.88 |
| Martin ratioReturn relative to average drawdown | 13.59 | 103.65 | -90.06 |
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Drawdowns
SDIG.L vs. ERND.L - Drawdown Comparison
The maximum SDIG.L drawdown since its inception was -11.39%, which is greater than ERND.L's maximum drawdown of -7.48%. Use the drawdown chart below to compare losses from any high point for SDIG.L and ERND.L.
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Drawdown Indicators
| SDIG.L | ERND.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.39% | -7.48% | -3.91% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -0.20% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -1.18% | -0.64% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -7.59% | -1.06% | -6.53% |
Max Drawdown (10Y)Largest decline over 10 years | -11.39% | -7.48% | -3.91% |
Current DrawdownCurrent decline from peak | -0.17% | 0.00% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -0.08% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.04% | +0.24% |
Volatility
SDIG.L vs. ERND.L - Volatility Comparison
iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) (SDIG.L) has a higher volatility of 0.61% compared to iShares $ Ultrashort Bond UCITS ETF USD (Dist) (ERND.L) at 0.21%. This indicates that SDIG.L's price experiences larger fluctuations and is considered to be riskier than ERND.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 | ERND.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.21% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 0.66% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 0.79% | +1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.66% | 1.26% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.75% | 2.08% | +1.67% |
SDIG.L vs. ERND.L - Expense Ratio Comparison
SDIG.L has a 0.20% expense ratio, which is higher than ERND.L's 0.09% 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
SDIG.L vs. ERND.L - Dividend Comparison
SDIG.L's dividend yield for the trailing twelve months is around 4.40%, more than ERND.L's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERND.L iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.31% | 4.70% | 5.54% | 5.00% | 1.57% | 0.49% | 1.55% | 2.71% | 2.19% | 1.39% | 0.99% | 0.72% |
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 ERND.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERND.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERND.L is cheaper with a 0.09% expense ratio, compared with 0.20% for SDIG.L.
SDIG.L is categorized as Short-Term Bond, while ERND.L is Ultrashort Bond. SDIG.L tracks Markit iBoxx USD Liquid Investment Grade 0-5 Index, while ERND.L tracks Markit iBoxx USD Liquid Investment Grade Ultrashort Index (USD). Their fees differ too: 0.20% for SDIG.L and 0.09% for ERND.L.
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