- Issuer
- L&G
- Inception Date
- Jul 9, 2024
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- L&G USD Corporate Bond Screened UCITS ETF USD Distributing
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
USDC.L Performance Chart
L&G USD Corporate Bond Screened UCITS ETF USD Distributing (USDC.L) is down 2.1% since the beginning of the year. USDC.L is currently trading at $9 per share. Investors who bought $1,000 worth of USDC.L shares 5 years ago would now be looking at an investment worth $1,006.
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Returns By Period
L&G USD Corporate Bond Screened UCITS ETF USD Distributing (USDC.L) has returned -2.14% so far this year and 2.26% over the past 12 months.
L&G USD Corporate Bond Screened UCITS ETF USD Distributing
- 1D
- 0.12%
- 1M
- -0.69%
- 6M
- -2.91%
- YTD
- -2.14%
- 1Y
- 2.26%
- 3Y*
- 4.32%
- 5Y*
- 0.12%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
USDC.L Monthly Returns History
Based on dividend-adjusted daily data since Jan 15, 2021, USDC.L's average daily return is 0.00%, while the average monthly return is +0.03%. At this rate, an investment would double in approximately 192.6 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2023 with a return of +5.0%, while the worst month was Apr 2022 at -4.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, USDC.L closed higher 45% of trading days. The best single day was Nov 10, 2022 with a return of +2.0%, while the worst single day was Jan 15, 2026 at -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.25% | 1.15% | -1.82% | 0.58% | 0.81% | 0.34% | -0.91% | -2.14% | |||||
| 2025 | 0.56% | 1.53% | -0.12% | 0.35% | -0.23% | 1.51% | 0.39% | 0.93% | 0.81% | 0.69% | 0.68% | 0.11% | 7.42% |
| 2024 | 0.13% | -1.17% | 1.06% | -2.10% | 1.67% | 0.94% | 1.69% | 1.98% | 1.03% | -1.93% | 1.15% | -1.26% | 3.13% |
| 2023 | 3.33% | -2.59% | 2.30% | 0.95% | -1.41% | 0.59% | 0.41% | -0.48% | -2.17% | -1.35% | 4.99% | 3.80% | 8.35% |
| 2022 | -3.00% | -1.68% | -2.46% | -4.50% | 0.69% | -2.62% | 3.22% | -2.64% | -4.48% | -1.23% | 3.88% | 0.36% | -13.91% |
| 2021 | -0.20% | -2.20% | -0.51% | 0.62% | 0.51% | 1.52% | 1.08% | -0.40% | -1.00% | 0.30% | -0.10% | -0.00% | -0.43% |
Benchmark Metrics
L&G USD Corporate Bond Screened UCITS ETF USD Distributing has an annualized alpha of -0.16%, beta of 0.07, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since January 15, 2021.
- This ETF participated in 37.21% of S&P 500 Index downside but only 17.01% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.07 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.16%
- Beta
- 0.07
- R²
- 0.03
- Upside Capture
- 17.01%
- Downside Capture
- 37.21%
Expense Ratio
USDC.L has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
USDC.L ranks 15 for risk / return — in the bottom 15% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for L&G USD Corporate Bond Screened UCITS ETF USD Distributing (USDC.L) and compare them to S&P 500 Index.
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 | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.31 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 2.35 | -1.89 |
| Martin ratioReturn relative to average drawdown | 1.07 | 10.19 | -9.12 |
Dividends
Dividend History
L&G USD Corporate Bond Screened UCITS ETF USD Distributing provided a 2.32% dividend yield over the last twelve months, with an annual payout of $0.20 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.20 | $0.40 | $0.35 | $0.28 | $0.20 | $0.08 |
Dividend yield | 2.32% | 4.47% | 4.08% | 3.24% | 2.36% | 0.78% |
Monthly Dividends
The table displays the monthly dividend distributions for L&G USD Corporate Bond Screened UCITS ETF USD Distributing. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 |
| 2024 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 |
| 2023 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 |
| 2022 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 |
| 2021 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the L&G USD Corporate Bond Screened UCITS ETF USD Distributing. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the L&G USD Corporate Bond Screened UCITS ETF USD Distributing was 20.07%, occurring on Oct 21, 2022. Recovery took 724 trading sessions.
The current L&G USD Corporate Bond Screened UCITS ETF USD Distributing drawdown is 2.91%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-20.07%Oct 2022 | 1y 2mo | 2y 10mo | 4y 1moAug 2021 - Sep 2025 | Bear market2022 |
-4.92%May 2026 | 4mo 3d | — | 6mo 2dJan 2026 - now | — |
-4.18%Mar 2021 | 1mo 20d | 3mo 21d | 5mo 11dJan 2021 - Jul 2021 | — |
-1.35%Nov 2025 | 12d | 1mo 26d | 2mo 8dOct 2025 - Dec 2025 | — |
-0.91%Sep 2025 | 7d | 7d | 14dSep 2025 - Oct 2025 | — |
Drawdown Indicators
| USDC.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.07% | -56.78% | +36.71% |
Max Drawdown (1Y)Largest decline over 1 year | -4.92% | -9.10% | +4.18% |
Max Drawdown (3Y)Largest decline over 3 years | -4.92% | -18.90% | +13.98% |
Max Drawdown (5Y)Largest decline over 5 years | -20.07% | -25.43% | +5.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.91% | -0.49% | -2.42% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -10.70% | +3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 2.09% | +0.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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