UESD.L vs. IS3L.DE
UESD.L (iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc) and IS3L.DE (iShares $ Ultrashort Bond UCITS ETF USD (Dist)) are both Ultrashort Bond funds from iShares. Over the past 5 years, UESD.L returned 3.73%/yr vs 4.32%/yr for IS3L.DE. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.09% expense ratio.
Performance
UESD.L vs. IS3L.DE - Performance Comparison
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Different Trading Currencies
UESD.L is traded in GBP, while IS3L.DE is traded in EUR. To make them comparable, the IS3L.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, UESD.L achieves a 2.06% return, which is significantly lower than IS3L.DE's 2.37% return.
UESD.L
- 1D
- 0.00%
- 1M
- 0.62%
- 6M
- 2.26%
- YTD
- 2.06%
- 1Y
- 4.54%
- 3Y*
- 5.07%
- 5Y*
- 3.73%
- 10Y*
- —
IS3L.DE
- 1D
- 0.21%
- 1M
- -0.14%
- 6M
- 1.07%
- YTD
- 2.37%
- 1Y
- 3.91%
- 3Y*
- 4.00%
- 5Y*
- 4.32%
- 10Y*
- 2.49%
UESD.L vs. IS3L.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UESD.L iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc | 2.06% | 5.13% | 5.45% | 4.35% | 1.63% | 0.24% | 0.67% |
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 2.37% | -2.22% | 7.00% | -0.20% | 13.51% | 0.92% | -8.45% |
Correlation
The correlation between UESD.L and IS3L.DE is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2020 | -0.01 |
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Return for Risk
UESD.L vs. IS3L.DE — Risk / Return Rank
UESD.L
IS3L.DE
UESD.L vs. IS3L.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc (UESD.L) and iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE). 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.
| UESD.L | IS3L.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.21 | ||
| Sortino ratioReturn per unit of downside risk | +3.76 | ||
| Omega ratioGain probability vs. loss probability | 1.98 | 1.10 | +0.87 |
| Calmar ratioReturn relative to maximum drawdown | 11.44 | 0.86 | +10.58 |
| Martin ratioReturn relative to average drawdown | 50.50 | 2.17 | +48.33 |
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Drawdowns
UESD.L vs. IS3L.DE - Drawdown Comparison
The maximum UESD.L drawdown since its inception was -0.40%, smaller than the maximum IS3L.DE drawdown of -31.10%. Use the drawdown chart below to compare losses from any high point for UESD.L and IS3L.DE.
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Drawdown Indicators
| UESD.L | IS3L.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.40% | -31.10% | +30.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -4.53% | +4.13% |
Max Drawdown (3Y)Largest decline over 3 years | -0.40% | -9.53% | +9.13% |
Max Drawdown (5Y)Largest decline over 5 years | -0.40% | -15.21% | +14.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.50% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.11% | +4.11% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -11.56% | +11.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 1.79% | -1.70% |
Volatility
UESD.L vs. IS3L.DE - Volatility Comparison
The current volatility for iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc (UESD.L) is 0.49%, while iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE) has a volatility of 1.37%. This indicates that UESD.L experiences smaller price fluctuations and is considered to be less risky than IS3L.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UESD.L | IS3L.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 1.37% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 1.30% | 4.68% | -3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.61% | 6.51% | -4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.62% | 8.44% | -6.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.58% | 11.72% | -10.14% |
UESD.L vs. IS3L.DE - Expense Ratio Comparison
Both UESD.L and IS3L.DE have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
UESD.L vs. IS3L.DE - Dividend Comparison
UESD.L's dividend yield for the trailing twelve months is around 4.25%, which matches IS3L.DE's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.24% | 4.74% | 5.44% | 5.05% | 1.59% | 0.47% | 1.64% | 2.71% | 2.19% | 1.45% | 0.97% | 0.72% |
UESD.L iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc | 4.25% | 4.63% | 5.37% | 4.49% | 1.21% | 0.24% | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UESD.L and IS3L.DE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UESD.L and IS3L.DE have the same expense ratio: 0.09% per year.
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