USDC.L vs. SDIA.L
USDC.L (L&G USD Corporate Bond Screened UCITS ETF USD Distributing) and SDIA.L (iShares USD Short Duration Corporate Bond UCITS ETF (Acc)) are both Corporate Bonds funds - USDC.L tracks the L&G USD Corporate Bond Screened UCITS ETF USD Distributing while SDIA.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, USDC.L returned 0.12%/yr vs 2.46%/yr for SDIA.L. A 0.62 correlation means they provide meaningful diversification when combined. USDC.L charges 0.09%/yr vs 0.20%/yr for SDIA.L.
Performance
USDC.L vs. SDIA.L - Performance Comparison
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Returns By Period
In the year-to-date period, USDC.L achieves a -2.14% return, which is significantly lower than SDIA.L's 0.95% return.
USDC.L
- 1D
- 0.12%
- 1M
- -0.69%
- 6M
- -2.91%
- YTD
- -2.14%
- 1Y
- 2.26%
- 3Y*
- 4.32%
- 5Y*
- 0.12%
- 10Y*
- —
SDIA.L
- 1D
- 0.00%
- 1M
- 0.16%
- 6M
- 0.79%
- YTD
- 0.95%
- 1Y
- 4.08%
- 3Y*
- 5.20%
- 5Y*
- 2.46%
- 10Y*
- —
USDC.L vs. SDIA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USDC.L L&G USD Corporate Bond Screened UCITS ETF USD Distributing | -2.14% | 7.42% | 3.13% | 8.35% | -13.91% | -0.43% |
SDIA.L iShares USD Short Duration Corporate Bond UCITS ETF (Acc) | 0.95% | 6.22% | 4.94% | 5.68% | -4.49% | -0.53% |
Correlation
The correlation between USDC.L and SDIA.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2021 | 0.62 |
The correlation between USDC.L and SDIA.L has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
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Return for Risk
USDC.L vs. SDIA.L — Risk / Return Rank
USDC.L
SDIA.L
USDC.L vs. SDIA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G USD Corporate Bond Screened UCITS ETF USD Distributing (USDC.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.
| USDC.L | SDIA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.40 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 3.70 | -3.24 |
| Martin ratioReturn relative to average drawdown | 1.07 | 14.20 | -13.13 |
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Drawdowns
USDC.L vs. SDIA.L - Drawdown Comparison
The maximum USDC.L drawdown since its inception was -20.07%, which is greater than SDIA.L's maximum drawdown of -12.55%. Use the drawdown chart below to compare losses from any high point for USDC.L and SDIA.L.
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Drawdown Indicators
| USDC.L | SDIA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.07% | -12.55% | -7.52% |
Max Drawdown (1Y)Largest decline over 1 year | -4.92% | -1.10% | -3.82% |
Max Drawdown (3Y)Largest decline over 3 years | -4.92% | -1.32% | -3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -20.07% | -7.61% | -12.46% |
Current DrawdownCurrent decline from peak | -2.91% | -0.16% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -1.15% | -5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 0.29% | +1.82% |
Volatility
USDC.L vs. SDIA.L - Volatility Comparison
L&G USD Corporate Bond Screened UCITS ETF USD Distributing (USDC.L) has a higher volatility of 1.13% compared to iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) at 0.80%. This indicates that USDC.L's price experiences larger fluctuations and is considered to be riskier 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
| USDC.L | SDIA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 0.80% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 1.81% | +3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 2.22% | +3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 2.78% | +3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.13% | 3.50% | +2.63% |
USDC.L vs. SDIA.L - Expense Ratio Comparison
USDC.L has a 0.09% 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
USDC.L vs. SDIA.L - Dividend Comparison
USDC.L's dividend yield for the trailing twelve months is around 2.32%, while SDIA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SDIA.L iShares USD Short Duration Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USDC.L L&G USD Corporate Bond Screened UCITS ETF USD Distributing | 2.32% | 4.47% | 4.08% | 3.24% | 2.36% | 0.78% |
Frequently Asked Questions
USDC.L and SDIA.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USDC.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USDC.L is cheaper with a 0.09% expense ratio, compared with 0.20% for SDIA.L.
USDC.L tracks L&G USD Corporate Bond Screened UCITS ETF USD Distributing, while SDIA.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: L&G and iShares. Their fees differ too: 0.09% for USDC.L and 0.20% for SDIA.L.
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