0UCF.L vs. EUCO.L
0UCF.L (iShares € Corp Bond Financials UCITS ETF EUR (Dist)) and EUCO.L (SPDR Bloomberg Euro Corporate Bond UCITS ETF) are both European Corporate Bonds funds - 0UCF.L tracks the Bloomberg Euro-Aggregate: Financials Index while EUCO.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 10 years, 0UCF.L returned 1.09%/yr vs 0.80%/yr for EUCO.L. At a 0.39 correlation, their price movements are largely independent. 0UCF.L charges 0.20%/yr vs 0.12%/yr for EUCO.L.
Performance
0UCF.L vs. EUCO.L - Performance Comparison
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Returns By Period
In the year-to-date period, 0UCF.L achieves a 0.50% return, which is significantly lower than EUCO.L's 0.59% return. Over the past 10 years, 0UCF.L has outperformed EUCO.L with an annualized return of 1.09%, while EUCO.L has yielded a comparatively lower 0.80% annualized return.
0UCF.L
- 1D
- -0.14%
- 1M
- -0.41%
- 6M
- 0.21%
- YTD
- 0.50%
- 1Y
- 1.25%
- 3Y*
- 5.01%
- 5Y*
- 0.34%
- 10Y*
- 1.09%
EUCO.L
- 1D
- -0.28%
- 1M
- -0.39%
- 6M
- 0.22%
- YTD
- 0.59%
- 1Y
- 1.58%
- 3Y*
- 4.48%
- 5Y*
- -0.13%
- 10Y*
- 0.80%
0UCF.L vs. EUCO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
0UCF.L iShares € Corp Bond Financials UCITS ETF EUR (Dist) | 0.50% | 3.07% | 5.54% | 7.93% | -13.17% | 0.25% | 1.64% | 5.28% | -1.78% | 2.98% |
EUCO.L SPDR Bloomberg Euro Corporate Bond UCITS ETF | 0.59% | 2.90% | 4.47% | 7.64% | -13.68% | -1.22% | 2.64% | 6.22% | -1.39% | 2.08% |
Correlation
The correlation between 0UCF.L and EUCO.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2014 | 0.39 |
The correlation between 0UCF.L and EUCO.L shifts across timeframes, from 0.14 (5 years) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
0UCF.L vs. EUCO.L — Risk / Return Rank
0UCF.L
EUCO.L
0UCF.L vs. EUCO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Corp Bond Financials UCITS ETF EUR (Dist) (0UCF.L) and SPDR Bloomberg Euro Corporate Bond UCITS ETF (EUCO.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.
| 0UCF.L | EUCO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.10 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 0.64 | -0.22 |
| Martin ratioReturn relative to average drawdown | 1.09 | 2.17 | -1.08 |
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Drawdowns
0UCF.L vs. EUCO.L - Drawdown Comparison
The maximum 0UCF.L drawdown since its inception was -16.46%, smaller than the maximum EUCO.L drawdown of -17.53%. Use the drawdown chart below to compare losses from any high point for 0UCF.L and EUCO.L.
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Drawdown Indicators
| 0UCF.L | EUCO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -17.53% | +1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -2.67% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -2.95% | -2.67% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -17.53% | +1.07% |
Max Drawdown (10Y)Largest decline over 10 years | -16.46% | -17.53% | +1.07% |
Current DrawdownCurrent decline from peak | -1.01% | -1.40% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -3.83% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 0.79% | +0.36% |
Volatility
0UCF.L vs. EUCO.L - Volatility Comparison
iShares € Corp Bond Financials UCITS ETF EUR (Dist) (0UCF.L) has a higher volatility of 1.05% compared to SPDR Bloomberg Euro Corporate Bond UCITS ETF (EUCO.L) at 0.86%. This indicates that 0UCF.L's price experiences larger fluctuations and is considered to be riskier than EUCO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0UCF.L | EUCO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 0.86% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 2.80% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 3.21% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.01% | 4.55% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 4.46% | -0.52% |
0UCF.L vs. EUCO.L - Expense Ratio Comparison
0UCF.L has a 0.20% expense ratio, which is higher than EUCO.L's 0.12% 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
0UCF.L vs. EUCO.L - Dividend Comparison
0UCF.L's dividend yield for the trailing twelve months is around 3.18%, less than EUCO.L's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
0UCF.L iShares € Corp Bond Financials UCITS ETF EUR (Dist) | 3.18% | 3.08% | 2.94% | 2.42% | 1.00% | 0.75% | 0.98% | 0.55% | 1.10% | 1.12% | 1.52% | 1.70% |
EUCO.L SPDR Bloomberg Euro Corporate Bond UCITS ETF | 3.26% | 3.25% | 3.07% | 2.13% | 0.96% | 0.89% | 0.86% | 0.92% | 0.89% | 1.21% | 1.36% | 1.71% |
Frequently Asked Questions
0UCF.L and EUCO.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUCO.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUCO.L is cheaper with a 0.12% expense ratio, compared with 0.20% for 0UCF.L.
0UCF.L tracks Bloomberg Euro-Aggregate: Financials Index, while EUCO.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for 0UCF.L and 0.12% for EUCO.L.
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