CESG.L vs. SUOP.L
CESG.L (First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc) and SUOP.L (iShares USD Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - CESG.L is a ESG fund actively managed by First Trust, while SUOP.L is a Corporate Bonds fund tracking the Bloomberg MSCI US Corporate ESG SRI Index (USD). CESG.L is actively managed, while SUOP.L is passively managed. Over the past 5 years, CESG.L returned 5.53%/yr vs -1.08%/yr for SUOP.L. At a 0.42 correlation, their price movements are largely independent. CESG.L charges 0.75%/yr vs 0.17%/yr for SUOP.L.
Performance
CESG.L vs. SUOP.L - Performance Comparison
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Different Trading Currencies
CESG.L is traded in USD, while SUOP.L is traded in GBP. To make them comparable, the SUOP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CESG.L achieves a 3.98% return, which is significantly higher than SUOP.L's -0.36% return.
CESG.L
- 1D
- 0.93%
- 1M
- 3.53%
- 6M
- 4.17%
- YTD
- 3.98%
- 1Y
- 6.69%
- 3Y*
- 9.84%
- 5Y*
- 5.53%
- 10Y*
- —
SUOP.L
- 1D
- -0.21%
- 1M
- 0.46%
- 6M
- 0.47%
- YTD
- -0.36%
- 1Y
- 3.93%
- 3Y*
- 5.23%
- 5Y*
- -1.08%
- 10Y*
- —
CESG.L vs. SUOP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CESG.L First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc | 3.98% | 11.47% | 9.71% | 12.32% | -13.97% | 10.02% |
SUOP.L iShares USD Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist) | -0.36% | 15.30% | 0.30% | 12.28% | -24.85% | -2.77% |
Correlation
The correlation between CESG.L and SUOP.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 21, 2021 | 0.42 |
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Return for Risk
CESG.L vs. SUOP.L — Risk / Return Rank
CESG.L
SUOP.L
CESG.L vs. SUOP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) and iShares USD Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist) (SUOP.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.
| CESG.L | SUOP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.08 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.67 | +0.09 |
| Martin ratioReturn relative to average drawdown | 1.95 | 1.46 | +0.50 |
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Drawdowns
CESG.L vs. SUOP.L - Drawdown Comparison
The maximum CESG.L drawdown since its inception was -22.69%, smaller than the maximum SUOP.L drawdown of -38.60%. Use the drawdown chart below to compare losses from any high point for CESG.L and SUOP.L.
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Drawdown Indicators
| CESG.L | SUOP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -38.60% | +15.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -5.87% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -10.31% | -13.37% | +3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -22.69% | -38.60% | +15.91% |
Current DrawdownCurrent decline from peak | -0.31% | -7.26% | +6.95% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -16.23% | +10.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 2.69% | +0.73% |
Volatility
CESG.L vs. SUOP.L - Volatility Comparison
First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) has a higher volatility of 3.47% compared to iShares USD Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist) (SUOP.L) at 2.10%. This indicates that CESG.L's price experiences larger fluctuations and is considered to be riskier than SUOP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CESG.L | SUOP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 2.10% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 6.63% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 9.02% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.63% | 12.36% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.53% | 12.23% | +0.30% |
CESG.L vs. SUOP.L - Expense Ratio Comparison
CESG.L has a 0.75% expense ratio, which is higher than SUOP.L's 0.17% expense ratio.
Dividends
CESG.L vs. SUOP.L - Dividend Comparison
CESG.L has not paid dividends to shareholders, while SUOP.L's dividend yield for the trailing twelve months is around 4.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CESG.L First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SUOP.L iShares USD Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist) | 4.92% | 4.74% | 4.68% | 4.13% | 4.04% |
Frequently Asked Questions
CESG.L and SUOP.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUOP.L is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUOP.L is cheaper with a 0.17% expense ratio, compared with 0.75% for CESG.L.
CESG.L is categorized as ESG, while SUOP.L is Corporate Bonds. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.75% for CESG.L and 0.17% for SUOP.L.
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