U03A.L vs. SDIA.L
U03A.L (iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc)) and SDIA.L (iShares USD Short Duration Corporate Bond UCITS ETF (Acc)) are both exchange-traded funds - U03A.L is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Bill Index, while SDIA.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past year, U03A.L returned 3.92% vs 4.08% for SDIA.L. At a 0.06 correlation, their price movements are largely independent. U03A.L charges 0.07%/yr vs 0.20%/yr for SDIA.L.
Performance
U03A.L vs. SDIA.L - Performance Comparison
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Returns By Period
In the year-to-date period, U03A.L achieves a 1.71% return, which is significantly higher than SDIA.L's 0.95% return.
U03A.L
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.71%
- 6M
- 1.85%
- 1Y
- 3.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SDIA.L
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 0.95%
- 6M
- 1.27%
- 1Y
- 4.08%
- 3Y*
- 5.33%
- 5Y*
- 2.48%
- 10Y*
- —
U03A.L vs. SDIA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
U03A.L iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) | 1.71% | 3.60% |
SDIA.L iShares USD Short Duration Corporate Bond UCITS ETF (Acc) | 0.95% | 4.81% |
Correlation
The correlation between U03A.L and SDIA.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 |
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Return for Risk
U03A.L vs. SDIA.L — Risk / Return Rank
U03A.L
SDIA.L
U03A.L vs. SDIA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.L) and iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.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.
| U03A.L | SDIA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.65 | ||
| Sortino ratioReturn per unit of downside risk | +15.17 | ||
| Omega ratioGain probability vs. loss probability | 4.82 | 1.42 | +3.40 |
| Calmar ratioReturn relative to maximum drawdown | 34.17 | 3.70 | +30.47 |
| Martin ratioReturn relative to average drawdown | 248.94 | 14.29 | +234.65 |
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Drawdowns
U03A.L vs. SDIA.L - Drawdown Comparison
The maximum U03A.L drawdown since its inception was -0.11%, smaller than the maximum SDIA.L drawdown of -12.55%. Use the drawdown chart below to compare losses from any high point for U03A.L and SDIA.L.
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Drawdown Indicators
| U03A.L | SDIA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.11% | -12.55% | +12.44% |
Max Drawdown (1Y)Largest decline over 1 year | -0.11% | -1.10% | +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% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -1.15% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.28% | -0.26% |
Volatility
U03A.L vs. SDIA.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.L) is 0.10%, while iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) has a volatility of 0.82%. This indicates that U03A.L experiences smaller price fluctuations and is considered to be less risky than SDIA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| U03A.L | SDIA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 0.82% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 0.25% | 1.77% | -1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.46% | 2.16% | -1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.49% | 2.77% | -2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.49% | 3.51% | -3.02% |
U03A.L vs. SDIA.L - Expense Ratio Comparison
U03A.L has a 0.07% expense ratio, which is lower than SDIA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
U03A.L vs. SDIA.L - Dividend Comparison
Neither U03A.L nor SDIA.L has paid dividends to shareholders.
Frequently Asked Questions
U03A.L and SDIA.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.
U03A.L is categorized as Ultrashort Bond, while SDIA.L is Corporate Bonds. U03A.L tracks ICE 0-3 Month US Treasury Bill Index, while SDIA.L tracks Bloomberg US Corp 1-3 Yr TR USD. Their fees differ too: 0.07% for U03A.L and 0.20% for SDIA.L.
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