CBS5.L vs. SUSD.L
CBS5.L (UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc) and SUSD.L (SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF) are both Corporate Bonds funds - CBS5.L tracks the Bloomberg US Corp Bond TR USD while SUSD.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 3 years, CBS5.L returned 2.47%/yr vs 2.52%/yr for SUSD.L. Their correlation of 0.90 suggests significant overlap in exposure. CBS5.L charges 0.20%/yr vs 0.12%/yr for SUSD.L.
Performance
CBS5.L vs. SUSD.L - Performance Comparison
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Different Trading Currencies
CBS5.L is traded in GBp, while SUSD.L is traded in GBP. To make them comparable, the SUSD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CBS5.L achieves a 0.50% return, which is significantly lower than SUSD.L's 1.34% return.
CBS5.L
- 1D
- 0.08%
- 1M
- 1.07%
- YTD
- 0.50%
- 6M
- 0.10%
- 1Y
- 5.17%
- 3Y*
- 2.47%
- 5Y*
- —
- 10Y*
- —
SUSD.L
- 1D
- 0.05%
- 1M
- 1.28%
- YTD
- 1.34%
- 6M
- 0.97%
- 1Y
- 5.41%
- 3Y*
- 2.52%
- 5Y*
- 4.04%
- 10Y*
- 3.36%
CBS5.L vs. SUSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBS5.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc | 0.50% | -0.23% | 6.03% | 0.27% | 2.22% |
SUSD.L SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF | 1.34% | -1.69% | 7.18% | -0.46% | 3.54% |
Correlation
The correlation between CBS5.L and SUSD.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022 | 0.90 |
The correlation between CBS5.L and SUSD.L has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
CBS5.L vs. SUSD.L — Risk / Return Rank
CBS5.L
SUSD.L
CBS5.L vs. SUSD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc (CBS5.L) and SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SUSD.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.
| CBS5.L | SUSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.26 | -0.08 |
| Martin ratioReturn relative to average drawdown | 3.05 | 3.31 | -0.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CBS5.L | SUSD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.87 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.40 | -0.14 |
Drawdowns
CBS5.L vs. SUSD.L - Drawdown Comparison
The maximum CBS5.L drawdown since its inception was -14.59%, roughly equal to the maximum SUSD.L drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for CBS5.L and SUSD.L.
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Drawdown Indicators
| CBS5.L | SUSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.59% | -15.18% | +0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.35% | -4.27% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -9.03% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.18% | — |
Current DrawdownCurrent decline from peak | -3.08% | -3.84% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -5.84% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.63% | +0.06% |
Volatility
CBS5.L vs. SUSD.L - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc (CBS5.L) is 1.56%, while SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SUSD.L) has a volatility of 1.75%. This indicates that CBS5.L experiences smaller price fluctuations and is considered to be less risky than SUSD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBS5.L | SUSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.75% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 4.50% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 6.19% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.94% | 8.17% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.94% | 9.23% | -1.29% |
CBS5.L vs. SUSD.L - Expense Ratio Comparison
CBS5.L has a 0.20% expense ratio, which is higher than SUSD.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
CBS5.L vs. SUSD.L - Dividend Comparison
CBS5.L has not paid dividends to shareholders, while SUSD.L's dividend yield for the trailing twelve months is around 4.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBS5.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SUSD.L SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF | 4.60% | 4.91% | 4.20% | 3.11% | 1.14% | 1.80% | 2.77% | 2.57% | 1.66% | 1.74% | 1.28% | 1.00% |
Frequently Asked Questions
With a correlation of 0.96, CBS5.L and SUSD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SUSD.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUSD.L is cheaper with a 0.12% expense ratio, compared with 0.20% for CBS5.L.
CBS5.L tracks Bloomberg US Corp Bond TR USD, while SUSD.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: UBS and State Street. Their fees differ too: 0.20% for CBS5.L and 0.12% for SUSD.L.
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