EUCO.L vs. SE15.L
EUCO.L (SPDR Bloomberg Euro Corporate Bond UCITS ETF) and SE15.L (iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist)) are both European Corporate Bonds funds - EUCO.L tracks the Bloomberg Euro Corp TR EUR while SE15.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 10 years, EUCO.L returned 1.02%/yr vs 1.21%/yr for SE15.L. At a 0.37 correlation, their price movements are largely independent. EUCO.L charges 0.12%/yr vs 0.20%/yr for SE15.L.
Performance
EUCO.L vs. SE15.L - Performance Comparison
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Different Trading Currencies
EUCO.L is traded in EUR, while SE15.L is traded in GBP. To make them comparable, the SE15.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with EUCO.L having a 0.53% return and SE15.L slightly higher at 0.55%. Over the past 10 years, EUCO.L has underperformed SE15.L with an annualized return of 1.02%, while SE15.L has yielded a comparatively higher 1.21% annualized return.
EUCO.L
- 1D
- 0.09%
- 1M
- 0.70%
- YTD
- 0.53%
- 6M
- 0.41%
- 1Y
- 1.90%
- 3Y*
- 4.56%
- 5Y*
- 0.01%
- 10Y*
- 1.02%
SE15.L
- 1D
- 0.13%
- 1M
- 0.54%
- YTD
- 0.55%
- 6M
- 0.72%
- 1Y
- 2.31%
- 3Y*
- 4.69%
- 5Y*
- 1.37%
- 10Y*
- 1.21%
EUCO.L vs. SE15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUCO.L SPDR Bloomberg Euro Corporate Bond UCITS ETF | 0.53% | 2.91% | 4.46% | 7.64% | -13.67% | -1.21% | 2.64% | 6.74% | -1.39% | 2.08% |
SE15.L iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist) | 0.55% | 3.69% | 4.83% | 6.24% | -7.66% | -0.57% | 0.90% | 3.82% | -0.89% | 0.39% |
Correlation
The correlation between EUCO.L and SE15.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2014 | 0.37 |
The correlation between EUCO.L and SE15.L shifts across timeframes, from 0.37 (all time) to 0.58 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUCO.L vs. SE15.L — Risk / Return Rank
EUCO.L
SE15.L
EUCO.L vs. SE15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Euro Corporate Bond UCITS ETF (EUCO.L) and iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist) (SE15.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.
| EUCO.L | SE15.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 | 1.11 | 1.14 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 1.08 | -0.37 |
| Martin ratioReturn relative to average drawdown | 2.45 | 3.82 | -1.37 |
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
| EUCO.L | SE15.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.82 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.35 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.27 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.39 | -0.12 |
Drawdowns
EUCO.L vs. SE15.L - Drawdown Comparison
The maximum EUCO.L drawdown since its inception was -17.53%, which is greater than SE15.L's maximum drawdown of -11.13%. Use the drawdown chart below to compare losses from any high point for EUCO.L and SE15.L.
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Drawdown Indicators
| EUCO.L | SE15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.53% | -11.13% | -6.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -2.12% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -2.12% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -17.53% | -10.82% | -6.71% |
Max Drawdown (10Y)Largest decline over 10 years | -17.53% | -10.84% | -6.69% |
Current DrawdownCurrent decline from peak | -1.45% | -0.51% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -1.65% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.60% | +0.17% |
Volatility
EUCO.L vs. SE15.L - Volatility Comparison
SPDR Bloomberg Euro Corporate Bond UCITS ETF (EUCO.L) has a higher volatility of 1.18% compared to iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist) (SE15.L) at 1.04%. This indicates that EUCO.L's price experiences larger fluctuations and is considered to be riskier than SE15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUCO.L | SE15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.04% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 2.28% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.19% | 2.79% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.52% | 3.93% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 4.56% | -0.11% |
EUCO.L vs. SE15.L - Expense Ratio Comparison
EUCO.L has a 0.12% expense ratio, which is lower than SE15.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
EUCO.L vs. SE15.L - Dividend Comparison
EUCO.L's dividend yield for the trailing twelve months is around 3.26%, less than SE15.L's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUCO.L SPDR Bloomberg Euro Corporate Bond UCITS ETF | 3.26% | 3.25% | 3.07% | 2.13% | 0.96% | 0.89% | 0.86% | 1.38% | 0.89% | 1.21% | 1.36% | 1.71% |
SE15.L iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist) | 3.51% | 3.34% | 3.02% | 1.62% | 0.58% | 0.68% | 0.66% | 0.73% | 0.69% | 0.77% | 1.05% | 0.77% |
Frequently Asked Questions
EUCO.L and SE15.L have a correlation of 0.48, 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 SE15.L.
EUCO.L tracks Bloomberg Euro Corp TR EUR, while SE15.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for EUCO.L and 0.20% for SE15.L.
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